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Dec 31, 2024
ThredUp Q4 2024 Earnings Report
Estimated Revenue:$69.9M
-14.4% YoY
Estimated EPS:-$0.146
9.8% YoY
Key Takeaways
ThredUp's Q4 2024 revenue increased 9% year-over-year to $67.3 million, with a record gross margin of 80.4%. The company reported a net loss of $8.1 million, an improvement from the previous year. Adjusted EBITDA more than doubled to $5.0 million. Active buyers declined 6%, while orders grew 2% year-over-year.
Revenue grew 9% YoY to $67.3 million.
Gross margin reached a record 80.4%.
Adjusted EBITDA improved to $5.0 million.
Net loss narrowed to $8.1 million from $8.5 million YoY.
ThredUp
ThredUp
Forward Guidance
ThredUp anticipates continued revenue growth in 2025, with gross margins remaining strong. The company expects moderate profitability improvements but warns of potential market headwinds.
Positive Outlook
- Revenue expected to grow 6% YoY in Q1 2025.
- Full-year 2025 revenue projected between $270M-$280M.
- Gross margin forecasted to remain strong between 77%-79%.
- Customer acquisition trends remain positive with record new buyer conversions.
- Continued expansion of Resale-as-a-Service partnerships.
Challenges Ahead
- Active buyer count declined 6% YoY, posing potential growth risks.
- Profitability improvements remain gradual and uncertain.
- Stock-based compensation expenses expected to increase.
- Macroeconomic conditions could impact consumer spending.
- Higher investment in technology and infrastructure may weigh on near-term margins.
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Key Statistics
Market Cap
$1.33B
P/E Ratio
-21.39
Sector
Retail Trade
Industry
Internet Retail
52-Week High
$12.1
52-Week Low
$0.509
Gross Margin
80.4%
Active Buyers
1.27M
Orders
1.23M
Adjusted EBITDA
$5M