Core Insights - ThredUp Inc. reported strong financial results for Q1 2025, with a record quarter for new buyer acquisition and an optimistic outlook for the full year [2][3][5] Financial Highlights - Revenue for Q1 2025 was $71.3 million, a 10% increase year-over-year [6] - Gross profit reached $56.4 million, up 9% year-over-year, with a gross margin of 79.1% [6] - The company reported a loss from continuing operations of $5.2 million, improving from a loss of $12.2 million in Q1 2024 [6] - Adjusted EBITDA from continuing operations was $3.8 million, or 5.3% of revenue, compared to $1.9 million, or 2.9% of revenue, in the same quarter last year [6][21] Business Developments - ThredUp launched an AI-powered social commerce feature called Shop Social, currently in beta on the iOS app [6] - The company announced a next-generation branded resale platform, removing branded resale fees to enhance brand partnerships [6] - ThredUp's 2025 Resale Report indicated that the U.S. secondhand market grew five times faster than the broader retail clothing market in 2024, projected to reach $74 billion by 2029 [6] Future Outlook - For Q2 2025, ThredUp anticipates record revenue of $71.3 million, a gross margin of 79.1%, and an increase in active buyers to 1.37 million, reflecting a 6% year-over-year growth [5][11] - The full-year 2025 outlook has been revised upwards, with expected revenue between $281 million and $291 million, representing a 10% year-over-year increase [11]

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 ...