ThredUp posts record revenues of $322m, ‘record orders’ growth

also paint a promising picture. The company reports that its adjusted EBITDA loss has tightened from $5.8 million to $2.1 million, validating its strategic business model and cost-efficiency measures.

One of the key performance indicators for e-commerce platforms is their active buyer count, and for ThredUp, this statistic is encouraging. The number of active buyers saw a 9 percent year-over-year uplift, climbing to 1.8 million.

This growth demonstrates the brand’s increasing popularity among consumers who prioritize economy and sustainability. Taking a broader perspective of the full financial year of 2023, ThredUp continued its upward trajectory, with a record full year revenue of $322.0 million, representing 12% growth year-over-year. .

Gross profits for the year echoed this expansion, documenting an 11 percent YoY increase at $213.8 million. ThredUp‘s fiscal prudence is further evidenced by its shrinking net loss for the year, down from a staggering $92.3 million in the previous year to $71.2 million…