ThredUp Lifts Guidance on Q1 Beat

May 6, 2025

ThredUp, the resale platform, raised its sales and earnings targets for the year after reporting first-quarter results that topped estimates. Sales grew 10 percent in the first quarter ended March 31.

Revenue totaled $71.3 million, an increase of 10 percent year-over-year. ThredUp had forecasted revenues that would come in the range of $67.5 million to $69.5 million. Gross Profit totaled $56.4 million, an increase of 9 percent year-over-year. Gross margin was 79.1 percent compared to 80.1 percent in the first quarter last year. SGB