ThredUp Q2 revenue beats street view; co lifts 2025 guidance

ThredUp

04/08/2025 21:27

Overview

Second-hand clothing retailer ThredUp Q2 2025 revenue grows 16% yr/yr, beating analyst expectations

Company achieves gross margin of 79.5%, gross profit rises 17% yr/yr

ThredUp raises full-year 2025 revenue and adjusted EBITDA margin outlook

Outlook

ThredUp expects Q3 2025 revenue between $76 mln and $78 mln

Company forecasts Q3 2025 gross margin between 77% and 79%

ThredUp anticipates Q4 2025 revenue between $73 mln and $75 mln

Company projects full-year 2025 revenue between $298 mln and $302 mln

Result Drivers

STRONG CUSTOMER GROWTH - ThredUp attributes record quarterly revenue to strong customer and order growth, per CEO James Reinhart

AI-LED PRODUCT JOURNEY - Positive results in new buyer and seller growth linked to ongoing AI-led product initiatives

NEW BUYER ACQUISITION - Company reports best quarter for new buyer acquisition, with growth of 74% year-over-year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$77.66 mln
$73.80 mln (4 Analysts)
Q2 Net Income
-$5.18 mln
Q2 Gross Margin
79.5%
Q2 Basic EPS
-$0.04
Q2 Gross Profit
$61.74 mln
Q2 Operating Income
-$5.24 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $9.00, about 5.9% above its August 1 closing price of $8.47

Press Release: ID:nGNX2L5H8p

(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.)