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Gross Margin by Segment
Shows the profitability of each segment after accounting for direct costs, offering a view into pricing strategy and cost management.
ThredUp's consignment gross margin remains robust, stabilizing around 81% in recent quarters, while the products segment shows volatility, with a sharp recovery expected by year-end 2024. The earnings call highlights a strategic focus on AI and RaaS, driving new buyer growth despite macroeconomic challenges and tariff impacts. The company anticipates maintaining gross margins between 77% and 79% in 2025, reflecting confidence in their operational strategy amidst a challenging environment.
TDUP Gross Margin by Segment
| Date | Consignment | Products |
|---|---|---|
| Dec 31, 2024 | 81.00% | 55.00% |
| Sep 30, 2024 | 81.00% | 26.00% |
| Jun 30, 2024 | 81.00% | 28.00% |
| Mar 31, 2024 | 83.00% | 25.00% |
| Dec 31, 2023 | 81.00% | 21.00% |
| Sep 30, 2023 | 82.00% | 37.00% |
| Jun 30, 2023 | 82.00% | 41.00% |
| Mar 31, 2023 | 80.00% | 47.00% |
| Dec 31, 2022 | 80.00% | 45.00% |
| Sep 30, 2022 | 78.00% | 46.00% |
| Jun 30, 2022 | 79.00% | 51.00% |
| Mar 31, 2022 | 79.00% | 51.00% |
| Dec 31, 2021 | 77.00% | 49.00% |
| Sep 30, 2021 | 79.00% | 53.00% |
| Jun 30, 2021 | 78.00% | 55.00% |
| Mar 31, 2021 | 76.00% | 53.00% |
| Dec 31, 2020 | 73.00% | 50.00% |
| Sep 30, 2020 | 76.00% | 54.00% |
| Jun 30, 2020 | 76.00% | 51.00% |
| Mar 31, 2020 | 75.00% | 47.00% |