secwatch.observer — SEC 8-K summary
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Issuer:     ThredUp Inc. (TDUP)
CIK:        0001484778
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001484778-26-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484778/000148477826000015/0001484778-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484778/000148477826000015/tdup-20260504.htm
  HTML page:      https://secwatch.observer/filing/0001484778-26-000015

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