Financial Performance - Q1 2025 revenue reached $71 million, showing a year-over-year growth of 10%[8] - Q1 2025 gross profit was $56 million, resulting in a gross profit margin of 79%[8] - Q1 2025 Adjusted EBITDA was $4 million, representing an Adjusted EBITDA margin of 5%[8] Operational Metrics - ThredUp had 14 million active buyers in Q1 2025, a year-over-year increase of 6%[8] - Q1 2025 orders totaled 14 million, reflecting a year-over-year growth of 16%[8] - The company saved 666 million pounds of carbon emissions, 13 billion kWh of energy, and 7 billion gallons of water[8] Strategic Initiatives - ThredUp's operating platform leverages multi-year infrastructure investments for single-SKU logistics at scale[10] - The company's AI-powered search tools, including image search and chat search, enhance the customer experience[27, 28] - The U S secondhand apparel market is expected to grow at a 9% CAGR from 2024 to 2029[37]

Exhibit 99.2 ThredUp Inc. First Quarter 2025 Supplemental Financials All results reported are for continuing operations, unless otherwise noted. Key Financial Metrics for the Quarter Conference Call and Webcast • The live and archived webcast and all related earnings materials will be available at ThredUp's investor relations website: ir.thredup.com/news- events/events-and-presentations. Financial Outlook For second quarter 2025, ThredUp expects: 2 | | | | | | | ThredUp Inc. | | | | | | | | --- | --- | --- ...

All results reported are for continuing operations, unless otherwise noted. Record quarterly revenue of $71.3 million, representing an increase of 10% year-over-yearQuarterly gross margin of 79.1% and an increase in gross profit of 9% year-over-yearActive Buyers of 1.37 million, representing growth of 6% year-over-year, with new buyer growth of 95% year-over-year, reflecting ThredUp’s best quarter for new buyer acquisition in its historyEnded the quarter with cash, restricted cash, and investments of $55.4 ...

Olivier Le Moal The following segment was excerpted from The Optimist Fund Q1 2025 Quarterly Letter. Top Contributors ThredUp (TDUP) As highlighted in our Q4 letter, ThredUp preannounced strong results in January, pointing to a meaningful acceleration in both revenue growth ...

Company Overview - ThredUp's stock experienced a rise ahead of its upcoming earnings report, reflecting positive momentum with an increase in active buyers and solid customer retention [1][2] - The company has issued mid-to-high single-digit revenue growth guidance for both Q1 and the full year, driven by new buyer acquisition and investments in AI [2] Financial Performance - ThredUp projected Q1 revenue between $67.5 million and $69.5 million, and annual revenue between $270 million and $280 million [5] - The company is expected to maintain flat year-over-year adjusted EBITDA margins despite revenue growth [2] Market Position - ThredUp's proprietary platform and logistics infrastructure provide a competitive edge in the fragmented secondhand clothing market [2] - The secondhand clothing sector is performing well, particularly during economic downturns, attracting younger consumers [4] Industry Trends - The secondhand market is benefiting from consumers seeking bargains and selling items for extra cash, while also being less affected by tariffs [3] - Analysts caution that inventory challenges may arise if consumers choose to hold onto existing items due to economic uncertainty [4]

OAKLAND, Calif., April 07, 2025 (GLOBE NEWSWIRE) -- ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the first quarter ended March 31, 2025 will be released on Monday, May 5, 2025 after the close of the U.S. markets. ThredUp will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. The live and archived webcast and all related earnings materials will be available at T ...

ThredUp Inc. (TDUP) reported fourth-quarter 2024 results, wherein the top line increased year over year and met the Zacks Consensus Estimate. However, the bottom line decreased year over year, missing the Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the fourth quarter, ThredUp completed the divestiture of 91% of its European business and Bulgarian subsidiary, Remix Global EAD ("Remix"), meeting the necessary criteria to report Remix as a discontinued operati ...

ThredUp Inc. (NASDAQ:TDUP) Q4 2024 Earnings Conference Call March 3, 2025 4:30 PM ET Company Participants Lauren Frasch - Senior Director, Investor Relation & Strategic Finance James Reinhart - Co-Founder & Chief Executive Officer Sean Sobers - Chief Financial Officer Conference Call Participants Ike Boruchow - Wells Fargo Dylan Carden - William Blair Bernie McTernan - Needham & Company Kunal Madhukar - Water Tower Research Operator Good afternoon, ladies and gentlemen, and welcome to the ThredUp Inc. fourt ...

Financial Data and Key Metrics Changes - For Q4 2024, revenue totaled $67.3 million, an increase of 9.5% year over year, driven by marketing investments and AI upgrades [33] - Gross margin was 80.4%, a 290 basis point increase from the same quarter last year, attributed to a higher percentage of sales from consignment [34] - Adjusted EBITDA was $5 million, representing 7.4% of revenue, doubling from the previous year and showing a 330 basis point margin improvement [35] Business Line Data and Key Metrics Changes - Active buyers reached 1.3 million, a decline of 6% year over year, while order growth reaccelerated to 1.2 million, an increase of 2% year over year [33] - Fresh listings increased by 9% year over year, indicating a growing supply of high-quality apparel [13] Market Data and Key Metrics Changes - 51% of consumers indicated that inflation impacts their spending on apparel, while 62% expressed concern about new government policies affecting apparel prices [25][26] - The company noted that secondhand goods could become more attractive to consumers seeking affordable options due to rising prices in new apparel [26] Company Strategy and Development Direction - The company aims to accelerate growth while maintaining adjusted EBITDA margins, focusing on customer acquisition and fresh listings [38] - Investments in generative AI are expected to enhance the secondhand shopping experience, with advancements in AI search functionality driving higher conversion rates [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the momentum from Q4 2024 continuing into Q1 2025, despite some uncertainty in consumer behavior [52] - The company plans to reach positive free cash flow on an annual basis in 2025, indicating a strong financial position [42] Other Important Information - The company completed the divestiture of Remix in November 2024, focusing exclusively on its US operations [6] - The company plans to reduce stock-based compensation by over 40% in 2025 to mitigate share dilution [43] Q&A Session Summary Question: Revenue, gross margin, and EBITDA pacing through the year - Management indicated that revenue growth is expected to accelerate from Q1 to Q2, with Q4 showing growth but at a lower rate [50][52] Question: Marketing spend and stock-based compensation outlook - Marketing spend is projected to be about 19% of revenue quarterly, with a focus on improving returns on that spend [61] Question: Image search technology and its impact on conversion - Management highlighted that image search technology has significantly improved conversion rates by providing more relevant results based on visual shopping preferences [68][70] Question: Impact of tariffs on advertising costs and pricing algorithms - Management noted that tariffs could lead to lower advertising costs and potentially increase the attractiveness of secondhand goods, with dynamic pricing algorithms in place to adjust to market conditions [77][80]

INVESTOR PRESENTATION Fourth Quarter 2024 © THREDUP The following contains confidential information. Do not distribute without permission. Safe harbor This presentation and the accompanying oral commentary contains forward-looking statements within the meaning of the federal securities laws, which are statements that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forwa ...