ThredUp Q3 revenue $73M (-11% YoY); net loss widens to $24.8M; signs EU management buyout term sheet.

ThredUp Inc.

2024-Q3 EPS reported -$0.50 revenue$232,364,000

Total revenue $73.0M (-11% YoY); U.S. revenue $61.5M (-10% YoY).
Net loss $24.8M vs $18.1M loss in Q3 2023; includes $9.8M impairment of EU long-lived assets.
Adjusted EBITDA loss improved to $2.5M from $3.6M loss; U.S. segment turned positive at $0.7M.
Active buyers fell 7% to 1.632M; orders down 14% to 1.553M YoY.
Signed non-binding term sheet for EU management buyout; raising Q4 and FY2024 U.S. revenue guidance.

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