secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001484778-24-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ThredUp Q1 revenue $79.6M (+5% YoY); guides to positive adjusted EBITDA margin in FY2024
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- Revenue $79.6M (+5% YoY); gross margin 69.5% vs 67.3% YoY; net loss improved to $16.6M from $19.8M.
- Adjusted EBITDA loss narrowed to $0.7M (margin -0.9%) from $6.6M (-8.7%) YoY.
- Active Buyers 1.73M (+4%) and Orders 1.65M (+9%) YoY.
- FY2024 outlook: revenue $328-338M, positive adj. EBITDA margin 2-4%, positive annual free cash flow.
- Q2 2024 guided revenue $81-83M and adj. EBITDA margin 1-3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477824000070/0001484778-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477824000070/tdup-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001484778-24-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer