Core Insights - ThredUp announced the appointment of Kelly Bodnar Battles to its Board of Directors, effective December 1, 2025 [1] - Battles will take on the role of Audit Committee Chair, indicating a focus on enhancing financial governance within the company [1] Company Developments - The appointment of Battles reflects ThredUp's commitment to strengthening its financial governance as it accelerates its growth strategy [1]

Core Insights - The secondhand apparel market is experiencing significant growth, projected to reach $367 billion by 2029, growing almost three times faster than the overall apparel market [1] - ThredUp's logistics network is highly developed, processing approximately 40,000 pieces of used clothing daily and capable of holding over 3.5 million items [1] - The impact of tariffs on retail prices is shifting consumer demand towards resale platforms, making them a more attractive option [3][4] Company Performance - ThredUp reported a 34% year-over-year revenue growth in the third quarter, with new customer acquisition at an all-time high, increasing by 54% compared to the previous year [3] - The company operates with gross margins near 80% and is free-cash-flow positive, indicating strong financial health [3] Market Trends - The rise of secondhand fashion is being driven by Gen Z shoppers, with a growing number of Americans embracing this trend [2] - Tariffs are contributing to the appeal of resale platforms, as pre-owned items are not subject to the same duties, thus making them more cost-effective [4] Technological Advancements - ThredUp is leveraging automation and AI to enhance operational efficiency, with AI systems capable of processing thousands of garments per hour [4][5] - The use of AI is also improving customer experience through better discovery, styling, and personalization [5] Future Outlook - The future of fashion is anticipated to be more sustainable, with secondhand shopping playing a central role in this transformation [6]

Q3 2025 Financial Performance - Revenue for Q3 2025 reached $82 million, representing a 34% year-over-year growth[10] - Gross profit for Q3 2025 was $65 million, resulting in a 79% gross profit margin[10] - Adjusted EBITDA for Q3 2025 was $4 million, with an adjusted EBITDA margin of 5%[10] - The company's end-of-quarter cash position for Q3 2025 was $56 million, with $19 million in debt[10] Active Buyers and Orders - ThredUp had 16 million active buyers in Q3 2025 on a trailing twelve-month (TTM) basis, a 26% increase year-over-year[10] - Total orders for Q3 2025 were 16 million, reflecting a 37% year-over-year growth[10] Sustainability Impact - The company has saved 11 billion pounds of carbon emissions[9] - The company has saved 21 billion kWh of energy[9] - The company has saved 115 billion gallons of water[9] Market Opportunity - The U S secondhand apparel market is expected to grow at a 9% compound annual growth rate (CAGR) from 2024 to 2029[44] - Approximately 17 billion pounds of apparel are thrown away in the U S annually, which could be recycled or reused[47] Long-Term Targets - The company aims for a long-term adjusted EBITDA margin of 20-25%[80]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Insights - ThredUp is expanding its strategy to capture multiple resale channels through peer-to-peer resale and Resale-as-a-Service partnerships [1][10] - The company has achieved its strongest year-over-year growth in nearly four years, driven by record new customer acquisition and increased engagement from existing buyers [2][4] - Despite strong demand for online thrift and secondhand apparel, consumers are cautious as they approach the holiday season, emphasizing value-driven shopping behavior [1][5] Financial Performance - Revenue for the quarter ended September 30 rose by 33.6% to $82.2 million [3] - New buyer acquisition increased by 54% year-over-year, with active buyers up by 26% and orders climbing by 37% [4] - Guidance for the fourth quarter indicates expected revenue growth of 14% year-over-year at the midpoint [5] Marketing and Customer Engagement - The company launched a rebranded experience in September, focusing on building long-term emotional relationships with customers [7] - New AI-driven features, including the Daily Edit and Trend Report, have enhanced customer engagement and conversion rates [8] Product and Service Diversification - ThredUp's Resale-as-a-Service model has added new partnerships, including New York & Co. and CodeAvoxie [9] - The company is developing a peer-to-peer marketplace in closed beta, allowing users to sell directly to one another while ThredUp manages the process [10][11] Competitive Positioning - ThredUp aims to leverage its logistics network to enhance the peer-to-peer selling experience, providing options for sellers and buyers [11] - Continued investment in AI and first-party data is expected to strengthen ThredUp's competitive position in the resale market [11]

Revenue and Profitability - Revenue for Q3 2025 totaled $82.2 million, a 33.6% increase from $61.5 million in Q3 2024[89] - Gross profit for Q3 2025 was $65.2 million, up 33.8% year over year from $48.8 million in Q3 2024, with a gross margin of 79.4%[89] - Revenue for the nine months ended September 30, 2025, was $231.1 million, a 19.9% increase from $192.8 million in the same period of 2024[100] - Non-GAAP Adjusted EBITDA from continuing operations was $3.8 million, a significant increase of 1101.3% year over year from $0.3 million in Q3 2024[91] - Gross margin for the three months ended September 30, 2025, was 79.4%, a slight increase of 10 basis points from 79.3% in the same period in 2024[101] Operational Performance - Loss from continuing operations decreased to $4.2 million in Q3 2025, representing a 59.0% improvement compared to a loss of $10.4 million in Q3 2024[90] - Active Buyers reached 1.568 million in Q3 2025, a 25.6% increase from 1.248 million in Q3 2024[91] - Total Orders in Q3 2025 were 1.608 million, reflecting a 37.2% increase from 1.172 million in Q3 2024[91] - The average order value decreased by 4.2% in Q3 2025, attributed to a higher mix of orders from new buyers[99] Expenses and Costs - Operations, product, and technology expenses increased by $5.2 million, or 15.8%, for the three months ended September 30, 2025, primarily due to a $3.0 million increase in personnel-related costs[102] - Marketing expenses increased by $3.3 million, or 25.4%, for the three months ended September 30, 2025, primarily due to a $3.4 million increase in advertising costs[104] - Sales, general, and administrative expenses increased by $1.9 million, or 14.3%, for the three months ended September 30, 2025, mainly due to a $0.8 million increase in payment processing fees[106] Cash Flow and Liquidity - The company generated positive cash flows from continuing operations of $12.1 million for the nine months ended September 30, 2025[112] - As of September 30, 2025, the company had cash, cash equivalents, restricted cash, and short-term marketable securities totaling $56.1 million[112] - Net cash provided by continuing operating activities increased to $12.1 million for the nine months ended September 30, 2025, up 185.7% from $4.2 million in the same period of 2024[116] - Net cash used in continuing investing activities decreased to $0.9 million for the nine months ended September 30, 2025, compared to $7.2 million in the same period of 2024, reflecting a $6.3 million increase in cash inflows[117] - Net cash used in continuing financing activities was $0.4 million for the nine months ended September 30, 2025, down from $3.9 million in the same period of 2024, indicating a $3.5 million increase in cash inflows[118] - As of September 30, 2025, the company had non-restricted cash and cash equivalents of $46.2 million and marketable securities of $4.9 million, indicating a strong liquidity position[123] Strategic Initiatives and Future Outlook - The company’s Resale-as-a-Service (RaaS) offering is expected to accelerate growth in the resale category and enhance overall supply strategy[86] - The company expects operating losses to continue in 2025 as it invests in growing its business and infrastructure[113] - Future capital requirements will depend on factors including distribution center automation and expansion plans to support revenue growth[114] Risks and Accounting - The company is exposed to inflation risk, which has negatively impacted gross margin and operating expenses, potentially affecting revenue and order growth[125] - The Term Loan carries variable interest rates tied to the prime rate, with a floor of 4.75%, indicating exposure to interest rate risk[124] - The company has not made material changes to its critical accounting policies since the 2024 10-K, ensuring consistency in financial reporting[120]

Financial Performance - Revenue for Q3 2025 was $82.2 million, a 33.6% increase from $61.5 million in Q3 2024[3] - Gross profit for Q3 2025 was $65.2 million, up 33.8% from $48.8 million in Q3 2024[3] - Adjusted EBITDA from continuing operations was $3.8 million in Q3 2025, compared to $0.3 million in Q3 2024[3] - The company reported a loss from continuing operations of $4.2 million in Q3 2025, an improvement from a loss of $10.4 million in Q3 2024[3] - Adjusted EBITDA margin for Q3 2025 was 4.6%, compared to 0.5% in Q3 2024[3] - ThredUp reported a loss from continuing operations of $8,059,000 for the three months ended December 31, 2024, which improved to a loss of $4,248,000 by September 30, 2025[9] - Net cash provided by continuing operating activities was $663,000 for the three months ended December 31, 2024, increasing to $6,028,000 by September 30, 2025[10] - Non-GAAP free cash flow from continuing operations was negative $2,935,000 for the three months ended December 31, 2024, but improved to positive $2,377,000 by September 30, 2025[10] Operational Metrics - Active Buyers reached 1,568 thousand in Q3 2025, representing a 25.6% year-over-year increase from 1,248 thousand in Q3 2024[3] - Orders totaled 1,608 thousand in Q3 2025, a 37.2% increase compared to 1,172 thousand in Q3 2024[3] - Gross margin for Q3 2025 was 79.4%, slightly up from 79.3% in Q3 2024[3] Future Projections - For Q4 2025, ThredUp expects revenue in the range of $76.0 million to $78.0 million[3] - For fiscal year 2025, ThredUp anticipates revenue between $307.0 million and $309.0 million[3] Cash and Assets - Cash and cash equivalents increased from $31,851,000 in December 2023 to $41,057,000 in March 2024, a growth of 29%[8] - Total current assets rose from $56,922,000 in December 2023 to $60,460,000 in March 2024, reflecting a 5.4% increase[8] - Cash, cash equivalents, and restricted cash at the end of September 30, 2025, totaled $51,253,000, up from $40,488,000 at the beginning of the period[9] Liabilities and Equity - Total liabilities decreased slightly from $114,924,000 in December 2023 to $116,417,000 in March 2024[8] - Total stockholders' equity decreased from $56,301,000 in December 2023 to $56,083,000 in March 2024[8] - The accumulated deficit stood at $(555,861,000) in December 2024, projected to increase to $(570,500,000) by September 2025[8] Expenses - Total operating expenses for Q4 2023 were $56,216,000, with a projected increase to $64,108,000 in Q1 2024, representing a 15% increase[6] - Non-GAAP operating expenses as a percentage of revenue were 80.7% in Q4 2023, expected to rise to 84.4% in Q1 2024[6] - Stock-based compensation expense for Q4 2023 was $6,162,000, with a forecasted decrease to $4,500,000 by Q3 2025[6] Market Position and Strategy - ThredUp processed over 200 million unique secondhand items from 60,000 brands across 100 categories, emphasizing its position as a leading online resale platform[11] - The company aims to enhance its technology and infrastructure, including investments in AI technologies for improved shopping experiences[12] - ThredUp's Resale-as-a-Service (RaaS) model is expanding, with plans to attract new Active Buyers through innovative shopping experiences[12] - The company anticipates growth in the online resale market, with a focus on consumer demand and long-term growth strategies[12] Cash Management - ThredUp's operating lease liabilities decreased from $801,000 in December 2024 to $1,235,000 by September 2025, indicating improved cash management[9] Guidance and Reconciliation - The company is not providing a quantitative reconciliation of forward-looking guidance for non-GAAP measures due to uncertainties in certain items[19]

Core Insights - ThredUp Inc. reported its financial results for Q3 2025, showcasing a fourth consecutive quarter of accelerating revenue growth, driven by new buyer acquisition and order growth [2][3] - The company launched a fully rebranded experience, enhancing its platform with new products and features aimed at creating a more personalized shopping experience [3] Financial Highlights - Q3 2025 revenue reached $82.2 million, marking a 34% increase year-over-year [6][7] - Gross profit for the quarter was $65.2 million, also up 34% year-over-year, with a gross margin of 79.4% [6][7] - Active buyers totaled 1.57 million, reflecting a 26% year-over-year growth, with new buyer growth at 54%, the highest in the company's history [6][7] Financial Outlook - For Q4 2025, ThredUp expects revenue in the range of $76.0 million to $78.0 million, representing a 14% year-over-year increase at the midpoint [7] - The full fiscal year 2025 revenue is projected to be between $307.0 million and $309.0 million, an 18% year-over-year increase at the midpoint [7] Operational Metrics - Adjusted EBITDA from continuing operations for Q3 2025 was $3.8 million, or 4.6% of revenue, compared to $0.3 million, or 0.5% of revenue, in Q3 2024 [7][17] - The company ended Q3 2025 with cash and cash equivalents of $56.1 million, consistent with the previous quarter [6] Market Position - ThredUp is positioned as one of the largest online resale platforms for apparel, shoes, and accessories, emphasizing sustainability and value for consumers [19] - The company has processed over 200 million unique secondhand items, indicating a strong operational capacity and market presence [19]

Core Insights - The article discusses the collaboration between TradeSmith and InvestorPlace to create a stock selection system that combines popularity among retail traders with strong fundamentals, leading to significant stock gains [2][4] Group 1: Stock Strategy and Performance - The combined system has already identified stocks that have risen double-digits, with one stock increasing over 25% [2] - The system aims to uncover companies that are often overlooked by Wall Street, suggesting potential for further gains as mainstream media catches up [3] - The strategy claims to generate total returns 15 times higher than the S&P 500 [4] Group 2: Consumer Trends and E-commerce - Gen Z Americans are projected to spend an average of $1,357 on gifts, travel, and entertainment this holiday season, which is 15% more than baby boomers [5] - Over half of Gen Z have purchased products from TikTok Shop, with 97% researching products on social media before buying [7] Group 3: Company Spotlight - ThredUp - ThredUp, an online resale platform, has pivoted to a consignment model to cater to Gen Z, leading to a projected revenue growth of 16% this year, up from 0.6% the previous year [8][9] - The company has a Social Heat Score of 78.4, indicating that concerns about a Gen Z spending pullback are likely exaggerated [10] - Google search volumes for ThredUp are currently 46% higher than a year ago, supporting its growth potential [11] Group 4: Company Spotlight - Alphabet Inc. - Alphabet has integrated AI products into its smart home devices, contributing to a surge in monthly users for its Gemini app, which increased by 200 million to 650 million [15] - The company achieved its first-ever quarter of $100 billion in sales, with a Social Heat Score of 83.8 indicating further upside potential [16] - Alphabet is recognized for strong returns on equity and solid earnings growth, earning a "B" grade from Louis' Stock Grader [16]

Core Insights - Optimist Fund reported a return of +9.1% in Q3 2025, outperforming the benchmark return of 7.9% [1] - The fund is focusing on cyclical holdings that have experienced multi-year downswings while also paying attention to developments in AI [1] Company Performance - ThredUp Inc. (NASDAQ:TDUP) is highlighted as a key stock, with a one-month return of -8.59% but a remarkable 1,458.21% increase in value over the past 52 weeks [2] - As of October 30, 2025, ThredUp's stock closed at $8.62 per share, with a market capitalization of $1.062 billion [2] - ThredUp's revenue grew by 16% year-over-year to $77.7 million, marking its fastest growth in several years, and adjusted EBITDA increased by approximately 100% year-over-year [3] Market Position - ThredUp Inc. was held by 25 hedge fund portfolios at the end of Q2 2025, an increase from 13 in the previous quarter [4] - Despite its growth potential, the company is not among the 30 most popular stocks among hedge funds, and certain AI stocks are considered to have greater upside potential with less downside risk [4]