ThredUp Q2 revenue slightly beats estimates on active buyer growth

ThredUp

05/08/2026 21:28

Overview
US online resale platform's Q2 revenue rose 17% yr/yr, slightly beating analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations
Company updated H2 guidance due to economic uncertainty impacting price-sensitive buyers

Outlook
ThredUp sees Q3 revenue between $87 mln and $89 mln, gross margin 78%-79%, adj EBITDA margin 4%
Company expects Q4 revenue between $85 mln and $87 mln, gross margin 77.5%-78.5%, adj EBITDA margin 6%
ThredUp says guidance reflects economic uncertainty affecting price-sensitive buyers

Result Drivers
ACTIVE BUYER GROWTH - Co said a 21% yr/yr increase in active buyers contributed to record Q2 revenue
SUPPLY QUALITY - Co said supply quality is improving, supporting marketplace performance
MARKETPLACE ENGAGEMENT - Co cited strong marketplace engagement and fundamentals as supporting Q2 results

Company press release: ID:nGNX550DJ9

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$90.77 mln
$90.25 mln (7 Analysts)
Q2 Net Loss
 
$5.94 mln
 
Q2 Adjusted EBITDA
Beat
$4.80 mln
$4.69 mln (7 Analysts)
Q2 Gross Margin
 
79.90%
 
Q2 Gross Profit
 
$72.52 mln
 
Q2 Loss Per Basic Share
 
$0.05
 
Q2 Operating Income
 
-$6.11 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 $8.00, about 29.7% above its August 4 closing price of $6.17

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Aug 4 - Revolve Q2 sales beat analyst estimates as active customer growth reaches highest rate in nearly 3 years

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.)