secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001484778-24-000115
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ThredUp Q2 revenue $79.8M (-4% YoY); Europe exit; guides FY2024 $298-302M
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- Q2 revenue $79.8M (down 4% YoY); U.S. flat at $66.7M, Europe down 18% to $13.0M.
- Gross margin improved to 70.4% (up 300bps); net loss narrowed to $14.0M from $18.8M.
- Evaluating strategic alternatives to exit European (Remix) business; FY2023 Remix revenue $63.5M, gross margin 24.2%.
- Active Buyers 1.666M (-3%), Orders 1.686M (-6%); cash and securities $60.7M.
- Q3 guidance: revenue $69-71M, U.S. adj. EBITDA margin (1%)-1%; FY2024 revenue $298-302M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477824000115/0001484778-24-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477824000115/tdup-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001484778-24-000115

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