ThredUp Inc. reported a revenue of $310.8 million for the fiscal year ending December 31, 2025, marking a 19.5% increase from $260.0 million in 2024. The company's gross profit also rose to $246.8 million, a 19.1% increase year-over-year, resulting in a gross margin of 79.4%. Despite the revenue growth, ThredUp recorded a loss from continuing operations of $20.2 million, an improvement from the $40.0 million loss reported in the previous year. The company’s non-GAAP Adjusted EBITDA from continuing operations was $13.5 million, reflecting a 55.8% increase compared to $8.7 million in 2024.

In terms of operational metrics, ThredUp saw a significant rise in its customer base, with Active Buyers increasing by 29.5% to 1.7 million and total Orders rising by 25.3% to 6.1 million. The company attributes this growth to enhanced engagement from new buyers and a focus on expanding its marketplace offerings. However, the average order value experienced a slight decline of 0.6%, influenced by higher discounts and changes in the seller payout mix.

Strategically, ThredUp divested 91% of its European operations through the sale of its subsidiary Remix in late 2024, which has been classified as discontinued operations. This move is part of a broader strategy to streamline operations and focus on the U.S. market. The company has also been investing in its Resale-as-a-Service (RaaS) offerings, which allow brands to provide resale options to their customers, further enhancing its marketplace capabilities.

As of December 31, 2025, ThredUp had a total of 2,132 employees, including 1,817 in distribution centers. The company continues to face challenges related to operational efficiency and cost management, particularly in light of rising inflation and increased operational expenses. Looking ahead, ThredUp anticipates ongoing operating losses as it invests in growth and infrastructure, but it remains optimistic about its ability to generate positive cash flows from operations in the near future. The company expects its existing cash and cash equivalents, along with available borrowings, to be sufficient to meet its capital requirements for at least the next 12 months.

About ThredUp Inc.

ThredUp Inc. operates a leading online resale platform for apparel, shoes, and accessories, facilitating secondhand transactions through a managed marketplace and Resale-as-a-Service (RaaS) solutions. It connects buyers and sellers, offering high-quality, branded items at significant discounts. The company leverages proprietary technology, automation, and data science to scale operations, enhance customer experience, and promote sustainable fashion in a competitive global market.

This description was generated via AI from an annual report. Updated 9 months ago.

About 10-K Filings

A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.

Key points about the 10-K:

  • Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
  • Content: It includes:
    • Detailed financial statements audited by an independent accounting firm
    • Management's Discussion and Analysis (MD&A) of financial condition and results
    • Description of the company's business, properties, and legal proceedings
    • Risk factors and market risks
    • Executive compensation and corporate governance information
  • Importance: Considered the most comprehensive and important document a public company files with the SEC.
  • Length: Often exceeds 100 pages due to its extensive and detailed nature.

Our Methodology

AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.

Our method:

  1. Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
  2. AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
  3. Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
  4. Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
  5. Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Read more about AssetRoom

Feedback & Corrections

Spot an error or have a suggestion? Contact us.