ThredUp's Q3 revenue rises driven by increase in orders and active buyers

ThredUp

04/11/2026 22:03

Overview
US online resale platform's Q3 revenue rose 7%, slightly beating analyst expectations
Adjusted EBITDA for Q3 beat analyst expectations
Company achieved record active buyers and orders, but net loss widened yr/yr

Outlook
ThredUp sees Q4 revenue between $77 mln and $79 mln, down 2% year-over-year at midpoint
Company expects Q4 gross margin of 76.5% to 77.5% and adjusted EBITDA margin of (4.0)% to (2.0)%
ThredUp forecasts full-year 2026 revenue of $337.7 mln to $339.7 mln, up 9% year-over-year at midpoint

Result Drivers
ACTIVE BUYER GROWTH - Record 1.82 mln active buyers, up 16% yr/yr, which contributed to higher revenue and orders
ORDER VOLUME - Orders rose 17% yr/yr, supporting revenue growth despite a competitive environment, per CEO James Reinhart
COMPETITIVE ENVIRONMENT - CEO cited highly competitive market conditions as a factor impacting results

Company press release: ID:nGNX80KNwK

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$88.23 mln
$88.05 mln (7 Analysts)
Q3 Net Loss
 
$5.47 mln
 
Q3 Adjusted EBITDA
Beat
$3.52 mln
$3.45 mln (7 Analysts)
Q3 Gross Margin
 
78.2%
 
Q3 Gross Profit
 
$69.03 mln
 
Q3 Loss Per Basic Share
 
$0.04
 
Q3 Operating Income
 
-$5.26 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for ThredUp Inc. is $6.50, about 225% above its November 3 closing price of $2.00

Reuters Recommended Reads
Nov 3 - Revolve Q3 sales beat consensus on order growth
Nov 4 - Wayfair beats Q3 revenue, profit estimates on more customers, orders
Nov 3 - South Korea's Coupang Q3 revenue beats estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)