Thredup, Inc. ( (TDUP) ) has released its Q3 earnings. Here is a breakdown of the information Thredup, Inc. presented to its investors.
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ThredUp Inc. is a leading online resale platform specializing in apparel, shoes, and accessories, known for its innovative approach to secondhand shopping and sustainability in the fashion industry.
In its third-quarter 2025 earnings report, ThredUp Inc. announced a record revenue of $82.2 million, marking a 34% increase year-over-year, alongside significant growth in active buyers and new buyer acquisition. The company also revised its financial outlook for the fourth quarter and full year 2025, raising revenue expectations.
Key financial highlights include a gross margin of 79.4% and a gross profit increase of 34% year-over-year. The company reported a reduced loss from continuing operations of $4.2 million compared to $10.4 million in the same quarter last year. Additionally, ThredUp achieved an adjusted EBITDA from continuing operations of $3.8 million, a substantial improvement from the previous year. Active buyers grew by 26% to 1.57 million, with orders increasing by 37% year-over-year.
ThredUp’s strategic initiatives, including a rebranded shopping experience and enhanced technology infrastructure, have positioned the company for continued innovation and competitive advantage in the growing resale market.
Looking ahead, ThredUp’s management remains optimistic about the company’s growth trajectory, with expectations of continued revenue growth and improved financial performance in the upcoming quarters.