secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001484778-25-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ThredUp Q1 revenue $71.3M (+10% YoY); raises FY2025 guidance
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- Record quarterly revenue of $71.3M (+10% YoY); gross margin 79.1% vs 80.1% YoY.
- Loss from continuing ops improved to -$5.2M (-7.3% rev) from -$12.2M (-18.9%) a year ago.
- Adjusted EBITDA from continuing ops $3.8M (5.3% margin), up from $1.9M (2.9%) YoY.
- Active Buyers 1.37M (+6% YoY); new buyer acquisition up 95% YoY, best quarter ever.
- FY2025 revenue outlook raised to $281-291M; Adj EBITDA margin target ~4.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477825000049/0001484778-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477825000049/tdup-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001484778-25-000049

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