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

ThredUp gross profit grew to an impressive $50.4 million year-over-year, marking a 12 percent raise. However, the company experienced a dip in gross margin—a slight decrease from 61.9 percent to 63.1 percent year over year—owing partly to a $1.9 million inventory write-off in Europe.

Exploring the net loss figures, ThredUp has a cause for optimism as the losses have narrowed during the final quarter, amounting to $14.6 million, or a negative 18 percent of revenue. This is a considerable improvement compared to the $19.5 million net loss recorded in the same period in the previous year.

Adjustments to EBITDA 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…