secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001484778-25-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477825000021/0001484778-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477825000021/tdup-20250303.htm
  HTML page:      https://secwatch.observer/filing/0001484778-25-000021

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