secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001484778-26-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ThredUp Q4 revenue $79.7M (+18% YoY); first full-year positive cash flow
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- Q4 revenue $79.7M (+18% YoY), gross margin 79.6%, loss from cont. ops $5.6M vs $8.1M loss a year ago.
- Full year 2025 revenue $310.8M (+20% YoY); Adj. EBITDA $13.5M (4.4% margin) vs $8.7M (3.3%) prior year.
- Record Active Buyers of 1.65M (+30% YoY); Orders 1.56M (+27% YoY) in Q4.
- FY2026 guidance: revenue $349-355M (midpoint +13% YoY), Adj. EBITDA margin ~6%.
- Cash & equivalents $53.1M; first positive annual total cash flow of $3.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477826000005/0001484778-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477826000005/tdup-20260302.htm
  HTML page:      https://secwatch.observer/filing/0001484778-26-000005

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