Core Viewpoint - ThredUp's fourth-quarter earnings report showed solid revenue growth, but the company's ongoing net loss and expectations of slowing growth have led to a significant decline in its stock price [1][5][8]. Financial Performance - Revenue for the fourth quarter increased by 18% to $79.7 million, surpassing estimates of $77.2 million [6]. - Active buyers rose by 30% to a record 1.65 million [6]. - Gross margin decreased from 80.4% to 79.6% [6]. - Adjusted EBITDA fell from $5 million to $2.9 million [6]. - The GAAP loss per share was reported at $0.04, aligning with consensus expectations [6]. Future Guidance - ThredUp anticipates revenue growth of 12% for the upcoming quarter, projecting revenue between $79.5 million and $80.5 million [7]. - Full-year revenue is expected to be between $349 million and $355 million, reflecting a 13% increase from 2025 [7]. - The company aims for an adjusted EBITDA margin of 6%, up from 4.4% in 2025 [7]. Market Reaction - Despite the positive revenue figures, the stock has fallen approximately 70% from its peak last August, indicating that the market is concerned about the company's ability to meet growth expectations [5][8].