ThredUp Inc
NASDAQ:TDUP
ThredUp Inc
thredUP, Inc. operates as an online clothing resale shop. The company is headquartered in Oakland, California and currently employs 2,894 full-time employees. The company went IPO on 2021-03-26. The Company’s marketplace enables buyers to browse and purchase resale items primarily women’s and kids’ apparel, shoes and accessories across a range of price points. Its custom-built operating platform consists of distributed processing infrastructure, software and systems and data science expertise. The Company’s subsidiaries include ThredUp Intermediary Holdings LLC, Knitwit GC LLC, ThredUp CF LLC, thredUP Circular Fashion Fund Inc. and Remix Global EAD.
thredUP, Inc. operates as an online clothing resale shop. The company is headquartered in Oakland, California and currently employs 2,894 full-time employees. The company went IPO on 2021-03-26. The Company’s marketplace enables buyers to browse and purchase resale items primarily women’s and kids’ apparel, shoes and accessories across a range of price points. Its custom-built operating platform consists of distributed processing infrastructure, software and systems and data science expertise. The Company’s subsidiaries include ThredUp Intermediary Holdings LLC, Knitwit GC LLC, ThredUp CF LLC, thredUP Circular Fashion Fund Inc. and Remix Global EAD.
Revenue Growth: ThredUp’s Q3 revenue grew 33.6% year-over-year to $82.2 million, marking its strongest annual growth in nearly four years and the fourth consecutive quarter of accelerating growth.
Profitability: Gross margin was 79.4%, slightly up year-over-year, and adjusted EBITDA margin improved by 410 basis points to 4.6%. These profitability metrics exceeded expectations.
Customer Momentum: New buyer acquisition hit record levels, up 54% year-over-year, with overall active buyers increasing 26% and orders up 37%. October saw an 81% year-over-year jump in new customer acquisition.
Raised Guidance: Management raised revenue guidance for both Q4 (now $76–78 million) and full year 2025 ($307–309 million), increasing both by $3 million and $8 million, respectively, over prior guidance.
Product Innovation: ThredUp launched a rebrand and new AI-powered features to improve personalization. The Premium Kit now drives over 20% of marketplace supply.
Direct Selling Launch: Announced the beta launch of direct peer-to-peer selling, aiming to address pain points seen in other P2P markets by combining curation, trust, and returns support.
2026 Outlook: Early planning for 2026 assumes revenue growth in the low double digits, in line with industry trends, and slightly better EBITDA margin expansion.
