ThredUp beats Q4 guidance with preliminary revenue $66.7-67.2M (vs $58-60M) and 80.2% gross margin

ThredUp Inc.

2024-FY EPS reported -$0.69 revenue$260,031,000

Total U.S. revenue expected $66.7-67.2M, up 9% YoY, beating guidance of $58-60M.
Gross margin 80.2-80.4% (guidance 78.5-79.5%); Adj. EBITDA margin 6.4-6.9% (guidance 0.0-2.0%).
European business Remix divested Nov 30, 2024; combined results reported but company will no longer provide combined outlook.
CEO James Reinhart cited AI-driven product enhancements and focus on U.S. business for accelerating momentum.

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