ThredUp(US:TDUP)2025-11-04 21:30Q3 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]