ThredUp reported third quarter 2026 revenue of $88.2 million, surpassing analyst estimates by over 3% and representing 7% year-over-year growth. Engagement metrics reached record levels, though net loss widened slightly to $5.5 million compared to $4.2 million in the prior year.
Key Highlights
- Active buyers reached a record 1.82 million, a 16% year-over-year increase, significantly outperforming the consensus estimate of 1.75 million.
- Total orders grew 17% year-over-year to 1.89 million, signaling strong platform health and customer retention despite a competitive retail landscape.
- Gross margin compressed to 78.2% from 79.4% in the prior year, while gross profit increased 6% to $69.0 million.
- Adjusted EBITDA was $3.5 million (4.0% margin), down from $3.8 million (4.6% margin) in the third quarter of 2025.