TDUPNasdaqRetail-Catalog & Mail-Order HousesUS GAAP · USD

ThredUp Inc.

ThredUp Inc. operates an online resale marketplace for apparel, shoes, and accessories, connecting consumers who send in secondhand items with buyers looking for branded fashion at lower prices. The company also provides resale-as-a-service tools for brands and retailers that want to offer closet clean-out, resale shop, or cross-listing capabilities under their own names.

Kysy yhtiöstä
Liikevaihto311milj. USD
+19,5 %v/v
Liikevoitto (EBIT)−21,7milj. USD
+46,5 %v/v
EBIT-marginaali−7,0%
+8,6 %-yks.v/v
Nettotulos−20,2milj. USD
+73,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

−1000100200300400milj. USD2021: 252 milj. USD2021: EBIT −62 milj. USD20212022: 288 milj. USD2022: EBIT −89 milj. USD20222023: 322 milj. USD2023: EBIT −72 milj. USD20232024: 260 milj. USD2024: EBIT −41 milj. USD20242025: 311 milj. USD2025: EBIT −22 milj. USD2025311−22
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: ThredUp Inc.

Liiketoiminta

Osuus liikevaihdosta
Managed resale marketplace75 %

Consumer-facing marketplace where ThredUp sells secondhand apparel, shoes, and accessories.

Consignment and seller services15 %

Processing, listing, and fulfillment services tied to Clean Out Bags and seller payouts.

Resale-as-a-Service (RaaS)10 %

White-label and partner tools that let brands and retailers offer resale programs.

Tuotteet

Raportoitu · osuus liikevaihdosta
94,7%FY2024100 %
  • Consignment94,7 %
  • Products5,3 %

Lähde: 10-K FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

ThredUp serves individual buyers who shop for value, brand variety, and access to secondhand fashion across a wide price range. On the supply side, it serves individual sellers who want an easy way to clear closets and monetize items, plus brand and retail partners that use RaaS to add resale capabilities to their own customer experience.

Consumer buyers

Shop secondhand apparel, shoes, and accessories for value, brand access, and variety.

Individual sellers

Send in used items through Clean Out Bags/Kits to receive payout or charity value.

Brand and retail partners

Use RaaS, white-label shops, and cross-listing to add resale offerings.

Strategia

ThredUp’s strategy centers on growing its managed marketplace by increasing active buyers, orders, and the supply of desirable secondhand items. It is also building RaaS relationships with brands and retailers to widen supply, expand distribution of its platform, and create additional ways for partners to participate in resale.

Increase buyer and seller participationLyhyt aikaväli

Marketplace liquidity depends on attracting more buyers and more desirable supply.

Scale RaaS offeringsKeskipitkä aikaväli

Partner programs can broaden supply and add branded resale channels.

Automate and optimize distribution operationsKeskipitkä aikaväli

Processing, warehousing, and shipping are central to the resale model.

Maantiede

ThredUp’s continuing business is centered in the United States, where buyers browse and purchase resale items and where the company operates its processing and distribution network. The company previously operated in Europe through Remix, but those operations were discontinued, leaving the U.S. as the core geography for the business.

Riskit

ThredUp depends on sustained buyer demand and a steady flow of attractive secondhand inventory, so any weakness in either side of the marketplace can hurt growth. The business is also exposed to operational, technology, and partner risks because it must process, warehouse, and ship unique items efficiently while relying on third parties for RaaS relationships and distribution support.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Failure to attract and retain buyers1Insufficient supply of high-quality secondhand items2Competition from resale and discount retail channels3Operational disruption in processing and shipping4RaaS partner concentration and execution risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Failure to attract and retain buyersVaikutus: KorkeaTodennäköisyys: Korkea

    Marketplace revenue depends on active buyers and repeat orders.

    Kohdistuu: Consumer demand and repeat purchase behavior

  2. Insufficient supply of high-quality secondhand itemsVaikutus: KorkeaTodennäköisyys: Korkea

    The platform needs desirable inventory to keep buyers engaged.

    Kohdistuu: Seller acquisition and item acceptance rates

  3. Competition from resale and discount retail channelsVaikutus: KorkeaTodennäköisyys: Korkea

    Consumers can buy similar goods from other marketplaces and off-price retailers.

    KohdistuuEBayPoshmarkThe RealRealTJXSheinTemu
  4. Operational disruption in processing and shippingVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Items must be sorted, warehoused, and shipped efficiently to fulfill orders.

    Kohdistuu: Distribution centers and logistics network

  5. RaaS partner concentration and execution riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Partner programs depend on third-party retailers and brands continuing to participate.

    Kohdistuu: National retail stores and fashion brands

Kysy Clarifolta: ThredUp Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition on a net basis

ThredUp records only its retained commission and related fees, not gross buyer payments.

Vaikutus: Affects reported revenue scale and gross margin comparability

Gift card breakage

Breakage revenue depends on redemption behavior and estimation methodology.

Vaikutus: Can shift revenue recognition between periods

Impairment of long-lived assets and lease assets

Distribution and warehouse assets are tested when circumstances change.

Vaikutus: Can create non-cash charges to operating results

Stock-based compensation

Equity awards are expensed over vesting periods using valuation assumptions.

Vaikutus: Affects operating expense and non-GAAP reconciliation

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Päivitetty: 24.9.2026

ThredUp Inc. (TDUP) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo