ThredUp reported a strong second quarter with record revenue growth and customer acquisition, driven by AI-led product improvements and strategic investments. Despite the anticipated seasonal slowdown in Q4 and macroeconomic uncertainties, the company remains optimistic about its growth trajectory and financial stability.

Company Guidance -

Q3 2025

During the ThredUp Q2 2025 earnings call, the company reported a robust 16.4% year-over-year revenue growth, driven by a 74% increase in new buyer acquisition and a 21% rise in orders. Active buyers grew by 17%, contributing to a gross margin of 79.5% and an adjusted EBITDA of 3.9%, surpassing internal expectations. ThredUp's strategic focus on maintaining gross margin and reinvesting in new buyer and seller growth has been successful. For Q3 2025, ThredUp anticipates revenue between $76 million and $78 million, marking a 25% year-over-year growth, with an adjusted EBITDA of approximately 4.5% of revenue. The company projects Q4 revenue between $73 million and $75 million and a full-year revenue range of $298 million to $302 million, reflecting 15% growth. The call emphasized ongoing innovation in AI-driven product experiences, which has improved conversion rates and customer acquisition costs, as well as a strategic shift in their Resale as a Service model to engage more brands.

Record Revenue Growth

ThredUp achieved a revenue growth of 16.4% year-over-year, with revenue totaling $77.7 million in Q2 2025.

Significant Increase in Customer Acquisition

New buyer acquisition increased by 74% year-over-year, marking a record for the company. Active buyers rose by 17%, and orders increased by 21% year-over-year.

Strong Gross Margin

The gross margin improved to 79.5%, a 70 basis point increase from the previous year, driven by higher average selling prices due to premium supply growth.

Positive Impact of AI Innovations

AI-driven improvements led to a 30% increase in sign-up rates and a 60% increase in sign-up to purchase rates, contributing to an 18% overall improvement in customer conversion.

Cash Generation and Financial Stability

The company generated $800,000 in cash during Q2, ending the quarter with $56.2 million in cash and securities.

Expansion of Resale as a Service (RaaS)

The shift to an open-source RaaS model has renewed engagement with over 60 apparel brands, indicating a promising future for this initiative.

thredUP (TDUP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TDUP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	-0.04 / -	-0.22	―	―	―
Aug 04, 2025	2025 (Q2)	-0.05 / -0.04	-0.13	69.23% (+0.09)
May 05, 2025	2025 (Q1)	-0.07 / -0.04	-0.15	73.33% (+0.11)
Mar 03, 2025	2024 (Q4)	-0.16 / -0.07	-0.14	50.00% (+0.07)
Nov 04, 2024	2024 (Q3)	-0.15 / -0.22	-0.17	-29.41% (-0.05)
Aug 05, 2024	2024 (Q2)	-0.11 / -0.13	-0.18	27.78% (+0.05)
May 06, 2024	2024 (Q1)	-0.14 / -0.15	-0.19	21.05% (+0.04)
Mar 04, 2024	2023 (Q4)	-0.13 / -0.14	-0.19	26.32% (+0.05)
Nov 06, 2023	2023 (Q3)	-0.16 / -0.17	-0.24	29.17% (+0.07)
Aug 08, 2023	2023 (Q2)	-0.23 / -0.18	-0.29	37.93% (+0.11)

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
Aug 04, 2025	$9.68	$10.23	+5.68%
May 05, 2025	$4.44	$6.56	+47.75%
Mar 03, 2025	$2.23	$2.39	+7.17%
Nov 04, 2024	$0.53	$0.84	+58.49%

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 Nov 10, 2025, After Close (Confirmed).

What is thredUP (TDUP) earnings time?

thredUP (TDUP) earnings time is at Nov 10, 2025, 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 2025 (Q3) is -0.04.

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