ThredUp beats Q1 revenue estimates, lifts 2026 outlook

ThredUp

04/05/2026 21:17

Overview

US online apparel reseller's Q1 revenue rose 15%, beating analyst expectations

Q1 adjusted EBITDA beat consensus

Company raised full-year 2026 outlook for revenue, gross margin and adjusted EBITDA margin

Outlook

ThredUp raises full-year 2026 outlook for revenue, gross margin and adjusted EBITDA margin

Company expects Q2 2026 revenue of $89 mln to $91 mln, gross margin 78.5%-79.5%

ThredUp sees full-year 2026 revenue of $351.2 mln to $356.2 mln, gross margin 78.5%-79.5%

Result Drivers

ACTIVE BUYER GROWTH - Record 1.71 mln active buyers in Q1, up 25% year-over-year, supported revenue growth

ORDER VOLUME - Orders rose 19% year-over-year to 1.64 mln, contributing to higher revenue

NEW BUYER ACQUISITION - CEO cited a record month for new buyer acquisition as a key driver of results

Company press release: ID:nGNX234SXK

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$81.67 mln
$80.20 mln (7 Analysts)
Q1 Net Income
-$6.47 mln
Q1 Adjusted EBITDA
Beat
$2.70 mln
$2.51 mln (7 Analysts)
Q1 Gross Margin
79.20%
Q1 Basic EPS
-$0.05
Q1 Gross Profit
$64.66 mln
Q1 Operating Income
-$6.59 mln


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 $9.50, about 112.1% above its May 1 closing price of $4.48

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.)