Thredup, Inc. ( (TDUP) ) has released its Q2 earnings. Here is a breakdown of the information Thredup, Inc. presented to its investors.
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ThredUp Inc. is a leading online resale platform specializing in apparel, shoes, and accessories, leveraging technology to promote secondhand shopping and sustainability.
In its second quarter of 2025, ThredUp reported a record revenue of $77.7 million, marking a 16% increase from the previous year, alongside a significant rise in active buyers and gross profit. The company also updated its full-year financial outlook, raising expectations for revenue and adjusted EBITDA margin.
Key financial highlights include a gross margin of 79.5% and a reduction in losses from continuing operations to $5.2 million, compared to $9.4 million in the previous year. The company saw a 17% increase in active buyers, reaching 1.47 million, and a 21% increase in orders. ThredUp’s strategic focus on AI-driven product development has contributed to its growth in new buyer acquisition.
Looking ahead, ThredUp anticipates continued revenue growth with expectations set between $298 million and $302 million for the full fiscal year 2025, reflecting a 15% increase year-over-year. The company remains optimistic about its strategic initiatives and market position as it continues to expand its platform and enhance customer engagement.