ThredUp Revenue Hits $81.7M, Active Buyers Up 25%, Raises Full-Year Outlook
ThredUp posted Q1 revenue $81.7M (+15% YoY), gross margin 79.2%, record 1.71M active buyers (+25%), ending cash+securities $54.4M (+$1.3M). It raised full-year revenue outlook to $351.2–$356.2M (+14%) and forecasts 6.1% adjusted EBITDA margin.
1. Q1 2026 Financial Results
ThredUp reported Q1 revenue of $81.7 million, up 15% year-over-year, gross profit at $64.7 million (+15%) and margin of 79.2%. Net loss reached $6.5 million (7.9% of revenue) and adjusted EBITDA was $2.7 million (3.4% margin).
2. Active Buyers and Orders Growth
Active buyers hit 1.71 million, a 25% increase, and orders reached 1.64 million, up 19% from last year, driven by a record buyer acquisition month and marketplace enhancements.
3. Cash Position and Balance Sheet
The quarter ended with $54.4 million in cash, restricted cash and marketable securities, a $1.3 million increase quarter-over-quarter. Total assets rose to $172.4 million while total liabilities increased to $113.0 million.
4. Raised 2026 Financial Outlook
ThredUp now expects full-year revenue of $351.2–$356.2 million (14% growth), gross margin of 78.5%–79.5% and adjusted EBITDA margin of about 6.1%. Q2 revenue is forecast at $89.0–$91.0 million with a 5.2% adjusted EBITDA margin.