Quarterly ResultMay 4, 2026, 04:14 PM
ThredUp Q1 Revenue +15% to $81.7M; Active Buyers +25%
AI Summary
ThredUp Inc. announced its first quarter 2026 financial results, reporting a 15% year-over-year increase in revenue to $81.7 million and a 25% rise in Active Buyers to 1.71 million. Despite these gains, the company's net loss widened to $6.5 million and Adjusted EBITDA decreased to $2.7 million compared to the prior year. ThredUp also issued a revised full-year 2026 financial outlook, raising expectations for revenue, gross margin, and Adjusted EBITDA margin.
Key Highlights
- Q1 2026 revenue increased 15% year-over-year to $81.7 million.
- Gross profit rose 15% year-over-year to $64.7 million, with gross margin at 79.2%.
- Net loss for Q1 2026 was $6.5 million, compared to a $5.2 million loss in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $2.7 million, down from $3.8 million in Q1 2025.
- Active Buyers reached a record 1.71 million, a 25% increase year-over-year.
- Orders increased 19% year-over-year to 1.64 million.
- Revised full-year 2026 revenue outlook to $351.2 million to $356.2 million, up 14% at midpoint.
- Revised full-year 2026 Adjusted EBITDA margin outlook to approximately 6.1%.