---
schema_version: "secwatch.filing_event.v1"
accession: "0001484778-26-000015"
form_type: "8-K"
ticker: "TDUP"
cik: "0001484778"
company_name: "ThredUp Inc."
filed_at: "2026-05-04T23:59:59+00:00"
generated_at: "2026-05-14T23:52:30.440064+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ThredUp Q1 revenue up 15% to $81.7M, active buyers record 1.71M, raises FY26 guidance

## Summary
- Revenue $81.7M (+15% YoY); gross margin 79.2% vs 79.1% a year ago; net loss $6.5M vs $5.2M.
- Adjusted EBITDA $2.7M (3.4% of revenue) vs $3.8M (5.3%) in Q1 2025; cash $54.4M.
- Active buyers record 1.71M (+25% YoY); orders 1.64M (+19% YoY).
- Raised FY26 outlook: revenue $351-356M (+14% at midpoint), gross margin 78.5-79.5%, Adj EBITDA margin ~6.1%.
- Q2 2026 guidance: revenue $89-91M, gross margin 78.5-79.5%, Adj EBITDA margin ~5.2%.

## SEC filing metadata
- accession: 0001484778-26-000015
- form_type: 8-K
- ticker: TDUP
- cik: 0001484778
- company_name: ThredUp Inc.
- filed_at: 2026-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1484778/000148477826000015/0001484778-26-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1484778/000148477826000015/tdup-20260504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001484778-26-000015
- JSON: https://secwatch.observer/filing/0001484778-26-000015.json
- Plain text: https://secwatch.observer/filing/0001484778-26-000015.txt

## Key facts
- Earnings Releases
  ThredUp Inc. updated its full year 2026 guidance (raised).
  - Period: full year 2026
  - Guidance: raised
  - Result: guidance update
  source text: Issued a revised full year 2026 financial outlook, raising expectations for Revenue, Gross Margin and Adjusted EBITDA margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1484778/000148477826000015/0001484778-26-000015-index.htm
- Earnings Releases
  ThredUp Inc. reported first quarter ended March 31, 2026 results: revenue $81.7 million, net income $6.5 million. Guidance raised.
  - Period: first quarter ended March 31, 2026
  - Revenue: $81.7 million
  - Net income: $6.5 million
  - Guidance: raised
  - Result: reported results
  source text: Exchange Act, regardless of any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- ThredUp Announces First Quarter 2026 Results • Quarterly revenue of $81.7 million, representing an increase of 15% year-over-year • Quarterly gross margin of 79.2% and an increase in gross profit of 15% year-over-year • Record Active Buyers of 1.71 million,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1484778/000148477826000015/0001484778-26-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.