ThredUp Announces Third Quarter 2026 Results

$TDUPPress releaseNov 4, 2026, 4:05 PM ETRead the release

ThredUp reported Q3 2026 revenue of $88.2 million, up 7% year-over-year, with record Active Buyers of 1.82 million (+16%) and Orders of 1.89 million (+17%). Profitability moved the wrong way: net loss widened to $5.5 million from $4.2 million, gross margin slipped to 78.2% from 79.4%, and Adjusted EBITDA fell to $3.5 million (4.0% margin) from $3.8 million (4.6%). Q4 guidance implies a 2% YoY revenue decline at the midpoint with negative Adjusted EBITDA margin, even as full-year 2026 guidance holds 9% growth at the midpoint.

Key figures

Revenue: $88.2 million
Guidance: Q4 2026 revenue $77.0M-$79.0M (2% YoY decline at midpoint), gross margin 76.5%-77.5%, Adjusted EBITDA margin (4.0)%-(2.0)%; FY2026 revenue $337.7M-$339.7M (9% YoY growth at midpoint), gross margin 78.5%-78.7%, Adjusted EBITDA margin 2.4%-2.8%
Revenue Yoy: 7%
Orders: 1890000
Net loss: 5470000
Gross margin: 78.2%
Gross profit: 69033000
Order growth: 17%
Active buyers: 1820000
Adjusted ebitda: 3524000
Fcf nine months: 2438000
Active buyer growth: 16%
Cash and equivalents: 57600000
Adjusted ebitda margin: 4.0%

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