ThredUp Q4 rev $67.3M (+9% YoY); record 80.4% gross margin; Adj EBITDA $5.0M

ThredUp Inc.

Q4 revenue $67.3M (+9% YoY); gross margin 80.4% (record); loss from continuing ops $8.1M.
Full-year 2024 revenue $260.0M (+1% YoY); gross margin 79.7%; Adj EBITDA $8.7M vs -$5.3M in 2023.
Q4 Active Buyers 1,274K (-6% YoY); Orders 1,226K (+2% YoY); new buyer conversion hit all-time high.
Completed divestiture of European business Remix; retains minority stake after $2M final cash investment.
Q1 2025 guidance: rev $67.5-69.5M (+6% YoY midpoint); gross margin 77-79%; Adj EBITDA margin 2.5-3.5%.

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