Exhibit 99.2 ThredUp Inc. First Quarter 2024 Supplemental Financials Key Financial Metrics for the Quarter 2 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 2024, ThredUp expects: For fiscal year 2024, ThredUp expects: 1 • Revenue of $79.6 million ◦ vs. $75.9 million in 1Q23 ◦ Growth of 4.8% YoY • Gross profit of ...

ThredUp Inc. Exhibit 99.1 ThredUp Inc. Q4 2023 Earnings Call PRESENTATION: Operator^ Good afternoon. My name is Jenny and I will be your conference operator today. At this time, I would like to welcome everyone to the ThredUp Fourth Quarter 2023 Earnings Conference Call. (Operator Instructions) I would now like to hand the conference over to Lauren Frasch, Head of Investor Relations. Please go ahead. Lauren Frasch^ Good afternoon. Thank you for joining us on today's Conference Call to discuss ThredUp's four ...

Europe acquisition expands TAM opportunity and accelerates international strategy 2027 © THREDUP 16 Managed marketplace | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------------------------------------------------------------------| | | | | ● | Mass fashion \nU.S. resale is projected to grow to $42B in 20271 | | | | | ● | Mass market TAM is 6X larger than luxury2 | | | | | ● | Supply chain moat creates greater barriers to entry | Environmental Stewardship PRODUCT CIRCULARITY & END OF LI ...

ThredUp Inc. (NASDAQ:TDUP) Q4 2023 Earnings Conference Call March 4, 2024 4:30 PM ET Company Participants Lauren Frasch - Investor Relations James Reinhart - Chief Executive Officer and Co-Founder Sean Sobers - Chief Financial Officer Conference Call Participants Ike Boruchow - Wells Fargo Anna Andreeva - Needham & Company Tom Nikic - Wedbush Edward Yruma - Piper Sandler Alexandra Steiger - Goldman Sachs Dana Telsey - Telsey Group Operator Good afternoon. My name is Jeremy and I will be your conference oper ...

Growth and Financial Performance - The company relies on attracting new and retaining existing buyers to sustain growth, with a focus on appealing to consumers who typically purchase new retail items[56]. - The company has experienced growth in recent periods, but future growth rates may not be indicative of past performance, and there is a risk of not managing growth effectively[54]. - Revenue for the year ended December 31, 2023, was $322.0 million, representing a 12% increase from $288.4 million in 2022[72]. - Net losses for the years ended December 31, 2023, and 2022 were $71.2 million and $92.3 million, respectively, indicating a reduction in losses[73]. - The company anticipates significant increases in operating expenses as it expands operations and invests in marketing initiatives and technology[73]. - The company acknowledges the potential for significant fluctuations in quarterly results due to various external factors[75]. - Economic uncertainties and downturns could limit the company's growth potential and negatively affect financial results[100]. Operational Challenges - The company faces risks associated with sourcing, itemizing, warehousing, and shipping secondhand items, which could negatively impact results of operations[59]. - The company must improve distribution center operations and retain personnel to manage the complexities of processing secondhand items[87]. - Increased shipping costs have been observed due to volatility in global oil markets, impacting overall operational expenses[98]. - The company has experienced revenue reductions due to pricing strategies employed by national retailers, which may continue to affect revenue growth[92]. - The company relies on data science to predict buyer and seller preferences, and inaccuracies in these predictions could harm business operations[93]. - The company’s distribution centers are vulnerable to natural disasters, which could lead to significant disruptions and financial losses[94]. Market and Competitive Landscape - The competitive landscape for secondhand and resale items is rapidly changing, with established companies and new entrants posing significant challenges[63]. - The company may struggle to attract high-quality secondhand items if it fails to engage new sellers or retain existing ones, which could harm its financial condition[57]. - The company is investing heavily in advertising and marketing programs to drive growth in buyers and sellers, but effectiveness remains uncertain[80]. - Future profitability of RaaS offerings is uncertain, and the company may face challenges if retail clients experience downturns[86]. Regulatory and Compliance Risks - The company is subject to evolving privacy laws, such as the California Consumer Privacy Act, which imposes stringent data protection requirements and potential civil penalties[117]. - The company may face substantial penalties for non-compliance with GDPR, which can reach up to €20 million or 4% of worldwide turnover, whichever is greater[118]. - Non-compliance with privacy requirements could lead to investigations, enforcement actions, and civil suits, with damages ranging from $100 to $750 per consumer under CCPA[120]. - The company faces risks related to compliance with various laws and regulations, which could adversely affect demand for its marketplaces and increase operational costs[138]. Financial Structure and Capital - The dual-class structure of the company's common stock limits the influence of certain stockholders on corporate matters, potentially affecting stock price[54]. - The company has a loan and security agreement with Western Alliance Bank that imposes financial covenants and restrictions, potentially limiting operational flexibility[171]. - As of December 31, 2023, the company incurred $26.3 million of indebtedness under its loan agreement, with the ability to incur up to $48.8 million[173]. - The applicable interest rate on the company's indebtedness was 9.75% per annum as of December 31, 2023, which may increase due to rising interest rates[173]. - The company may require additional capital for growth, which could lead to dilution of existing stockholders if raised through equity financing[169]. Risks Related to Technology and Data - The company is investing in automation, artificial intelligence, and machine learning to enhance operational efficiency, but any failures in these technologies could disrupt operations[90]. - The company relies on third-party infrastructure services, including AWS and Shopify, which are vulnerable to disruptions that could affect service availability and user access[123]. - The company relies on third-party software and services for critical business functions, which could lead to increased costs and operational disruptions if these services are unavailable[134]. Human Resources and Internal Controls - The company identified a material weakness in internal control over financial reporting, which could impair the accuracy of consolidated financial statements[154]. - As of December 31, 2023, the company concluded that its internal control over financial reporting was effective after completing remediation measures[155]. - Labor-related matters, including potential unionization, could disrupt operations and increase labor costs[152]. - The requirements of being a public company may strain resources and divert management's attention, potentially affecting the ability to attract and retain qualified personnel[206].

Financial Data and Key Metrics Changes - Revenue for Q3 2023 was $82 million, representing a 21% year-over-year increase [9][32] - Consolidated gross margin was 69%, a 350 basis point increase compared to the same quarter last year [34] - Adjusted EBITDA loss was $3.6 million, showing a significant improvement of 1,180 basis points year-over-year [36] - GAAP net loss was $18.1 million, compared to a loss of $23.7 million in the same quarter last year [36] - Cash and marketable securities decreased from $82.6 million to $80.2 million, with only $2.5 million used in Q3 [37] Business Line Data and Key Metrics Changes - Consignment revenue grew by 39% year-over-year, while product revenue decreased by 8% [32] - Active buyer count reached 1.8 million, up 4% year-over-year, marking the first growth in active buyers this year [9][33] - Orders increased by 11% year-over-year to 1.8 million [33] Market Data and Key Metrics Changes - The U.S. business achieved adjusted EBITDA breakeven and generated free cash flow for the first time in company history [10] - The European business is facing headwinds due to its non-consignment model, impacting consolidated margins [11] Company Strategy and Development Direction - The company aims to achieve full-year EBITDA breakeven in 2024 while focusing on long-term growth rather than short-term gains [12][20] - Strategic initiatives include enhancing customer satisfaction through the Thrift Promise and improving logistics efficiency [21][22] - The transition to a consignment model is expected to improve gross margins and expand the selection of high-quality supply in the long term [24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing consumer uncertainty and a competitive retail environment but expressed confidence in the company's ability to navigate these challenges [13][20] - The company plans to maintain a promotional strategy to drive active buyer growth into 2024 [18][67] - Management expects the promotional environment to persist into 2024, impacting margins but prioritizing active buyer engagement [67][68] Other Important Information - ThredUp was recognized as one of TIME's 100 Most Influential Companies of 2023, highlighting its social impact and workplace culture [27] - The company is leveraging artificial intelligence to enhance its distribution network and product experience [26] Q&A Session Summary Question: What is the outlook for 2024 considering the headwinds? - Management indicated that the Q4 revenue guidance serves as a baseline for 2024, with expectations for increased consignment revenue [46][50] Question: How is the promotional environment affecting margins? - Management acknowledged a more promotional strategy in Q4 to maintain active buyer growth, which may impact margins [57][68] Question: What is the impact of new competitors in the resale market? - Management noted no significant incremental pressure from new resale players, focusing instead on maintaining active buyer engagement [67] Question: What are the expectations for return rates and their impact on EBITDA? - Management reported a 700 basis point improvement in return rates, contributing positively to EBITDA [94][95] Question: How is the company addressing the budget versus premium consumer segments? - Management confirmed a successful strategy in attracting more premium buyers, with no significant changes in budget shopper behavior [107][108]

Q3 2023 FY 2021 | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|-------|-------|-------|-------|--------|--------|--------| | GAAP Operations, Product and Technology Expense | $33.8 | $38.3 | $39.8 | $40.4 | $101.4 | $128.1 | $155.6 | | Less SBC, Operations, Product and Technology Expense | $2.2 | $3.7 | $2.9 | $2.9 | $3.7 | $4.2 | $10.0 | | Non-GAAP Operations, Product and Technology Expense | $31.6 | $34.7 | $36.9 | $37.5 | $97.7 | ...

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 September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40249 ThredUp Inc. (Exact name of registrant as specified in its charter) (State ...

ThredUp Inc. (NASDAQ:TDUP) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants James Reinhart - Co Founder and Chief Executive Officer Sean Sobers - Chief Financial Officer Alon Rotem - Chief Legal Officer Conference Call Participants Ike Boruchow - Wells Fargo Trevor Young - Barclays Dylan Carden - William Blair Anna Andreeva - Needham & Company Ed Yruma - Piper Sandler Dana Telsey - Telsey Advisory Group Pierre Martinez - Goldman Sachs Ashley Owens - KeyBanc Rick Patel - Raymon ...

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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40249 ThredUp Inc. (Exact name of registrant as specified in its charter) Delaware 26- ...