ThredUp Inc.
thredup.comWhat Do They Do?
Sells secondhand apparel, shoes and accessories through an online marketplace to U.S. shoppers, and provides closet-cleanout and resale services to brands and retailers.
10-K for FY2025, filed Mar 2, 2026ThredUp’s proprietary operating platform is the foundation for our managed marketplace, where we have bridged online and offline technology…View ↗
How Do They Make Money?
ThredUp keeps a share of resale-item proceeds for its consignment service; buyers pay before items ship, and the company generally receives payment before seller payouts are due. It also charges sellers Clean Out Bag fees, earned as the related items sell.
10-K for FY2025, filed Mar 2, 2026The Company generates revenue primarily from the sale of secondhand apparel, shoes and accessories on behalf of sellers. The Company…View ↗
Both buyers and sellers may be customers in the Company’s revenue arrangements. Sellers are the primary customer in a consignment…View ↗
Revenue is generally recognized upon purchase of the consigned good by the buyer as its performance obligation of providing consignment…View ↗
$310.8M
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10-K for FY2025, filed Mar 2, 2026
$310.8M ↗
Who Are Their Customers?
Shoppers browse and buy resale items on ThredUp’s website and mobile app; sellers send items in Clean Out Bags for resale. Brands and retailers use ThredUp’s services to offer closet cleanouts or resale shops to their own customers.
10-K for FY2025, filed Mar 2, 2026ThredUp’s proprietary operating platform is the foundation for our managed marketplace, where we have bridged online and offline technology…View ↗
We generate revenue primarily from items that are sold to buyers on our website and mobile app, as well as bag fees charged to sellers for…View ↗
ThredUp’s proprietary operating platform is the foundation for our managed marketplace, where we have bridged online and offline technology…View ↗
Do Revenues Turn Into Profits?
No. It lost $20.2M in FY2025.
10-K for FY2025, filed Mar 2, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 5, 2026
−$5.9MView ↗
- ▲ +15% (Loss)
- vs −$5.2M in Q2 FY2025
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Aug 5, 2026
ThredUp updated its financial outlook
Full-year revenue guidance is $344.4 million to $348.4 million.
Sources
8-K, filed Aug 5, 2026
Revenue in the range of $344.4 million to $348.4 million, +11% year-over-year growth at the midpoint, and a 15.5% two-year average growth…View ↗
Growing. Revenue grew 23% in 4 years, from $251.8M in FY2021 to $310.8M in FY2025, about 5% a year.
European operations
The older report described a European resale business that added men’s items and wholesale-sourced goods; the latest report says European operations were discontinued.
10-K for FY2022, filed Mar 7, 2023 10-K for FY2025, filed Mar 2, 2026In 2021, we acquired Remix Global AD (“Remix”), a fashion resale company headquartered in Sofia, Bulgaria, which further expands our reach…View ↗
On November 30, 2024, we divested 91.0% of the common stock of Remix US Holdings Inc., the parent company of Remix Global EAD (“Remix”)…View ↗
Who Do They Compete With?
Competes with eBay, Goodwill, Mercari, Poshmark, The RealReal, Vinted, Vestiaire Collective, Amazon.com, Target, Walmart, Burlington Stores, Ross Stores, Shein, and Temu
10-K for FY2025, filed Mar 2, 2026secondhand marketplaces, such as eBay, Goodwill, Mercari, Poshmark, The RealReal, Vinted and Vestiaire Collective; large online and…View ↗
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