ThredUp Inc. reported a revenue of $90.8 million for the second quarter of 2026, marking a 16.9% increase from $77.7 million in the same quarter of 2025. The company's gross profit also rose to $72.5 million, up 17.5% year-over-year, resulting in a gross margin of 79.9%, a slight improvement from 79.5% in the prior year. Despite the revenue growth, ThredUp recorded a net loss of $5.9 million, compared to a loss of $5.2 million in the second quarter of 2025, reflecting a net loss margin of 6.5%.

In terms of operational metrics, ThredUp saw a significant increase in its active buyers, which rose to 1.8 million, a 20.9% increase from 1.5 million in the previous year. The number of orders placed also increased by 21.9%, totaling 1.9 million in the second quarter of 2026. This growth in customer engagement is attributed to the company's ongoing focus on enhancing its marketplace and driving platform growth, despite a slight decrease in average order value.

ThredUp's operating expenses for the second quarter increased to $78.6 million, up from $67.0 million in the same period last year. The rise in expenses was primarily driven by higher personnel-related costs and increased shipping expenses due to a higher volume of processed items. The company reported a non-GAAP adjusted EBITDA of $4.8 million, representing a 58.4% increase from $3.0 million in the second quarter of 2025, indicating improved operational efficiency.

On the balance sheet, ThredUp's total assets increased to $170.1 million as of June 30, 2026, compared to $167.2 million at the end of 2025. The company had cash and cash equivalents of $42.2 million, up from $38.6 million at the end of the previous year. ThredUp's liabilities also rose slightly to $109.4 million, with total stockholders' equity increasing to $60.7 million.

Looking ahead, ThredUp remains optimistic about its growth trajectory, emphasizing its commitment to expanding its resale platform and enhancing customer engagement. The company plans to continue investing in its technology and operational infrastructure to support its growth strategy, while also navigating the challenges posed by inflation and market conditions. ThredUp believes its existing cash and marketable securities will 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 about 1 year ago.

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