Record New Customer Acquisition
ThredUp acquired more new customers in Q3 2025 than at any other time in its history, with new buyer acquisition up 54% year-over-year and active buyers up 26% year-over-year.
Strong Revenue Growth
Revenue growth accelerated to 34% year-over-year, marking the strongest year-over-year growth in nearly 4 years and the fourth consecutive quarter of accelerating growth.
High Gross Margin and EBITDA
Gross margin was reported at 79.4%, and adjusted EBITDA was 4.6%, both exceeding expectations.
Successful AI-Driven Product Innovations
Launch of AI-driven features like the Daily Edit and the Trend Report, enhancing personalization and trend responsiveness.
Expansion of Resale-as-a-Service (RaaS)
Launch of RaaS programs for New York & Co. and Cotopaxi, with expectations for more brands to join in the coming months.