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thredUP (TDUP)
NASDAQ:TDUP
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.04Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational recovery and momentum: record revenue, robust gross margins near 79%, positive adjusted EBITDA and free cash flow, significant new-buyer growth (Q4 new buyers +57% YoY), supply expansion (kits +36% YoY; premium kits 17% of supply), and promising early results from direct listings and TikTok channels. Management also provided constructive 2026 guidance (midpoint ~13% revenue growth and EBITDA expansion to ~6%) and emphasized AI-driven product improvements. Offsetting these positives are macroeconomic headwinds, some near-term gross margin and EBITDA timing pressure (Q4 GM down ~80 bps YoY; Q4 EBITDA margin weaker vs. last year), slightly higher CAC, and execution/quality risks from rapid new supply channels like TikTok. Overall, the positives around growth, margin profile, profitability and product innovation substantially outweigh the highlighted challenges.Company Guidance
Record Annual Revenue and Top-Line Growth
Full-year 2025 revenue of $310.8M, up 20% year-over-year; Q4 2025 revenue $79.7M, up 18.5% year-over-year.
Premium Gross Margin Profile
Full-year gross margin 79.4% and Q4 gross margin 79.6%, demonstrating a high-margin consignment-first model (more than 90% of business on consignment).
Return to EBITDA Profitability and Free Cash Flow
Adjusted EBITDA for FY2025 of $14.0M (4.4% of revenue) and Q4 adjusted EBITDA $2.9M (3.7% of revenue); generated first full year of positive free cash flow in 2025.
Record Buyer and Supply Metrics
Record 1.7M active buyers for trailing 12 months (up ~30% YoY), new buyer acquisition up 57% YoY in Q4, 1.6M orders in Q4 (up 27.3%), and record 21.1M items processed in 2025 (volume growth >17%).
Supply Growth and New Channels
Kit requests up 36% YoY; premium kits represented ~17% of supply for the year; sold >100,000 cleanout bags via TikTok in January with 97% of orders from new suppliers; Resell-as-a-Service expanded to multiple brands (Lands' End, Steve Madden, Betsey Johnson).
Direct Listings and Seller Engagement
Early direct listings beta: sellers listing ~10x more items than expected, average selling price in direct listings > $70 (much higher than core), and 50% of new listings now coming from bulk import — evidence of strong seller onboarding and lower switching costs.
Product & AI Innovation and Rebrand
Launched and expanded multiple AI-driven features (shopping suite, daily edit, agentic customer service 'Dottie') improving discovery and reducing human escalations; completed a rebrand positioning ThredUp as a marketplace for 'fashion forever.'
Prudent Balance Sheet and Guidance
Ended 2025 with $53.1M in cash and securities (started year $52.8M); invested $10.5M CapEx in 2025. 2026 guidance: revenue $349M–$355M (~13% growth at midpoint), gross margin 78%–79%, adjusted EBITDA ~6% of revenue (150 bps expansion vs FY2025).
TDUP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TDUP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $5.01 | ― | ― |
Nov 03, 2025 | $8.50 | $7.86 | -7.53% |
Aug 04, 2025 | $9.68 | $10.23 | +5.68% |
May 05, 2025 | $4.44 | $6.56 | +47.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does thredUP (TDUP) report earnings?
thredUP (TDUP) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is thredUP (TDUP) earnings time?
thredUP (TDUP) earnings time is at May 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TDUP EPS forecast?
TDUP EPS forecast for the fiscal quarter 2026 (Q1) is -0.05.