ThredUp's Impact Report Finds Success in Mission-Oriented Business Model, Processing 230 Million Secondhand Items and Generating $260 Million in Revenue

ThredUp, a consignment e-tailer, processed 230 million secondhand items in 2024, preventing 1.1 billion pounds of CO2e, saving 11.5 billion gallons of water and 2.1 billion kWh of energy. The company saw $260 million in total revenue from continuing operations. ThredUp's Resale-as-a-Service platform empowered 50 brand clients to launch their own resale programs, keeping items in circulation and out of landfills.

ThredUp, a leading online consignment e-tailer, released its fourth annual Impact Report, highlighting significant environmental and financial achievements in 2024. The report details the company's commitment to sustainability and operational efficiency, positioning ThredUp as a key player in the growing resale market.

In 2024, ThredUp processed a staggering 230 million secondhand items, preventing 1.1 billion pounds of CO2e emissions, saving 11.5 billion gallons of water, and 2.1 billion kWh of energy [1]. This substantial environmental impact underscores ThredUp's dedication to reducing fashion waste and promoting a more sustainable future.

Financial highlights for the year include a total revenue of $260 million from continuing operations, representing a significant milestone for the company [1]. ThredUp's Resale-as-a-Service (RaaS) platform expanded to 50 brand clients, including Reformation, Torrid, Madewell, Gap, and Athleta, enabling these brands to launch their own resale programs and keep items in circulation [1].

ThredUp's operational efficiency is further demonstrated by its ability to divert 100% of unsold items to its "Rescues" and aftermarket programs, ensuring minimal waste and maximizing the life cycle of clothing [1]. The company also made strides in partnerships, recycling 182,400 pounds of materials in collaboration with The AZEK Company, a 62.9% increase from 2023 [1].

ThredUp's financial performance was robust, with a revenue of $77.7 million for Q2 2025, showing a 16.4% year-over-year growth [2]. The company reported a gross margin of 79.5% and an adjusted EBITDA of $3 million, translating to 3.9% of revenue [2]. Wells Fargo & Company recently raised ThredUp's price target from $10.00 to $13.00, indicating a potential upside of 22.53% from its current price [3].

ThredUp's Impact Report and financial performance position it as a favorable investment option for investors and financial professionals. The company's commitment to sustainability and operational efficiency, along with its strategic initiatives, make it a standout in the resale market.

References:
[1] https://www.morningstar.com/news/business-wire/20250811887749/thredup-releases-fourth-annual-impact-report
[2] https://gracker.ai/news/thredups-q2-2025-earnings-a-new-era-in-resale-market
[3] https://www.marketbeat.com/instant-alerts/thredup-nasdaqtdup-price-target-raised-to-1300-at-wells-fargo-company-2025-08-05/