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]

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]