OAKLAND, Calif., Sept. 03, 2025 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that CEO and co-founder James Reinhart and CFO Sean Sobers will participate in the following investor conference: 8th Annual Wells Fargo Consumer ConferenceWednesday, Sept 17, 20259:30 AM - 10:05 AM PT / 12:30 PM - 1:05 PM ET The events will be webcast live on ThredUp’s investor website at https://ir.thredup.com/. A repla ...

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ThredUp (TDUP 14.29%), an online secondhand fashion marketplace, released its second quarter 2025 results on August 4, 2025. The company reported GAAP revenue of $77.7 million, surpassing analyst expectations by more than $3.9 million (GAAP). The period also saw a record increase in active buyers and advances in operational efficiency, while the company continued to post a net loss under generally accepted accounting principles. | Metric | Q2 2025 | Q2 2025 Estimate | Q2 2024 | Y/Y Change | | --- | --- | -- ...

ThredUp (TDUP) Q2 2025 Earnings Call August 04, 2025 04:30 PM ET Company ParticipantsLauren Frasch - Senior Director of Investor Relations & Strategic FinanceJames Reinhart - Co-Founder, CEO & DirectorSean Sobers - Chief Financial OfficerDana Telsey - CEO & Chief Research OfficerOliver Chen - Managing Director - Retail, Luxury, New Platforms Sector HeadConference Call ParticipantsIke Boruchow - MD & Senior Analyst - Retailing, Specialty Softlines & E-commerceDylan Carden - Research Analyst - ConsumerBobby B ...

Financial Data and Key Metrics Changes - Revenue for Q2 2025 totaled $77.7 million, representing a 16.4% year-over-year increase [23] - Gross margin was 79.5%, a 70 basis point increase compared to the same quarter last year [23] - Adjusted EBITDA was $3 million, or 3.9% of revenue, doubling from the previous year [24] Business Line Data and Key Metrics Changes - New buyer acquisition increased by 74% year-over-year, marking the highest number of new customers in the company's history [6][23] - Active buyers rose to 1.5 million, up 16.5% year-over-year, while orders increased by 20.8% to 1.5 million [23] Market Data and Key Metrics Changes - The closure of the de minimis loophole is expected to increase prices for ultrafast fashion goods, potentially benefiting the company [8] - The company noted a dynamic advertising market, with fluctuations in spending from competitors impacting customer acquisition [9] Company Strategy and Development Direction - The company aims to maintain gross margin and bottom line efficiency while reinvesting in acquiring new buyers and sellers [7] - Ongoing innovation in AI-driven product experiences is a key focus, with improvements in customer engagement and conversion rates [10][11] - The company is expanding its seller experience to make it the default platform for selling secondhand clothing online [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the positive momentum and growth potential, despite caution regarding the current consumer environment [25][27] - The company is optimistic about the long-term success of its resale as a service (RAS) strategy, with renewed conversations with over 60 apparel brands [17][59] Other Important Information - The company generated $800,000 in cash during Q2, ending the quarter with $56.2 million in cash and securities [25] - The company plans to maintain profitability expectations while focusing on growth and cash generation [27] Q&A Session Summary Question: What drove the Q2 revenue outperformance and new buyer growth? - Management highlighted a combination of improved product experience, strong operations, and high-quality supply as key drivers [34][35] Question: Why is the Q4 guidance conservative? - Management noted seasonal downshifts in resale and increased marketing rates as factors influencing the conservative guidance [41] Question: What are the dynamics behind gross margin performance? - The growth in premium supply drove average selling prices, while new customer acquisition typically requires higher incentives [47] Question: What are the demographics of new buyers? - New buyers resemble previous customers, with a significant addressable market for female secondhand shoppers in the US [54] Question: What are the challenges in the AI journey? - The complexity of managing a large catalog and ensuring effective product recommendations were noted as challenges [87] Question: What is the long-term outlook for new buyer growth rates? - Management expects continued growth in the addressable market, with significant potential for acquiring new customers [89]

Financial Performance - Q2 2025 revenue reached $78 million, showing a year-over-year growth of 16%[8] - Q2 2025 gross profit was $62 million, resulting in a gross profit margin of 79%[8] - Q2 2025 Adjusted EBITDA was $3 million, representing 4% of revenue[8] - The company had $56 million in cash and $20 million in debt at the end of Q2 2025[8] User Engagement - ThredUp had 1.5 million active buyers in Q2 2025, a 17% increase year-over-year[8] - Total orders in Q2 2025 amounted to 1.5 million, reflecting a 21% year-over-year growth[8] Sustainability Impact - ThredUp's operations have saved 666 million pounds of carbon emissions[8] - The company has also contributed to saving 1.3 billion kWh of energy[8] - Water savings attributed to ThredUp's efforts amount to 7 billion gallons[8] Market Position and Strategy - The U S secondhand apparel market grew 14% in 2024, which is 5 times faster than the broader retail clothing market[38] - The U S throws away approximately 17 billion pounds of apparel that could be recycled and reused[39]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ThredUp Inc. (Exact name of registrant as specified in its charter) Delaware 26-4009181 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 969 Broadway, Suite 200 Oakland, California 94607 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 ...

Exhibit 99.2 ThredUp Inc. Second Quarter 2025 Supplemental Financials All results reported are for continuing operations, unless otherwise noted. Key Financial Metrics for the Quarter Financial Outlook For third quarter 2025, ThredUp expects: For fiscal year 2025, ThredUp expects: 1 • Revenue of $77.7 million ◦ vs. $66.7 million in 2Q24 ◦ Increase of 16.4% YoY • Gross profit of $61.7 million ◦ vs. $52.6 million in 2Q24 ◦ Increase of 17.5% YoY • Gross margin of 79.5% ◦ vs. 78.8% in 2Q24 • Loss from continuin ...

Core Insights - ThredUp Inc. reported strong second quarter performance driven by significant customer and order growth, with a notable increase in new buyer acquisition [3][4] - The company raised its full year 2025 financial outlook, expecting record revenue and improved adjusted EBITDA margins [4][5] Financial Highlights - Revenue for Q2 2025 reached $77.7 million, a 16% increase year-over-year [5] - Gross profit was $61.7 million, reflecting a 17% year-over-year increase, with a gross margin of 79.5% compared to 78.8% in Q2 2024 [5] - Active buyers increased to 1.47 million, a 17% growth year-over-year, with new buyer growth at 74%, marking the best quarter for new buyer acquisition in ThredUp's history [4][5] Financial Outlook - For Q3 2025, ThredUp anticipates revenue between $76.0 million and $78.0 million, representing a 25% year-over-year increase at the midpoint [5] - The company expects a gross margin between 77.0% and 79.0% and an adjusted EBITDA margin of approximately 4.5% for Q3 2025 [5] - For the full fiscal year 2025, revenue is projected to be between $298.0 million and $302.0 million, a 15% year-over-year increase at the midpoint [5] Operational Metrics - ThredUp recorded 1.54 million orders in Q2 2025, a 21% increase year-over-year [5] - The company ended the quarter with cash and cash equivalents, restricted cash, and marketable securities totaling $56.2 million, up $0.8 million from the previous quarter [4][5] Balance Sheet Overview - As of June 30, 2025, total assets were $173.6 million, with total liabilities at $113.4 million, resulting in stockholders' equity of $60.2 million [10][11] - Current assets included cash and cash equivalents of $40.97 million and marketable securities of $6.61 million [10] Cash Flow Insights - For the first half of 2025, net cash provided by continuing operating activities was $6.1 million, compared to $0.25 million in the same period of 2024 [17][21] - Non-GAAP free cash flow from continuing operations for the first half of 2025 was $993,000, a significant improvement from a negative $1.72 million in the prior year [21] Business Model and Strategy - ThredUp is focused on transforming the resale market through technology, aiming to inspire consumers to consider secondhand options first [22][23] - The company has processed over 200 million unique secondhand items, emphasizing sustainability in the fashion industry [23]