ThredUp Achieves $260M in Revenue, Reduces Carbon Footprint by 1.1 Billion Pounds

ThredUp's impact report shows the Oakland-based consignment e-tailer processed 230 million secondhand items, 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 in 2024. ThredUp expanded its Resale-as-a-Service platform to 50 brand clients and diverted 100% of unsold items to its "Rescues" and aftermarket programs. The report highlights the company's operational efficiency and commitment to sustainability.

ThredUp, a leading online resale platform for apparel, shoes, and accessories, recently released its fourth annual Impact Report. The report provides a comprehensive overview of the company's environmental, social, and governance (ESG) strategy and progress for the year 2024. According to the report, ThredUp processed 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].

In 2024, ThredUp's total revenue from continuing operations reached $260 million. The company expanded its Resale-as-a-Service (RaaS) platform to 50 brand clients, including Reformation, Torrid, Madewell, Gap, and Athleta. Additionally, ThredUp diverted 100% of unsold items to its "Rescues" and aftermarket programs, demonstrating its commitment to sustainability and operational efficiency [1].

ThredUp also made significant strides in its partnerships and initiatives. In collaboration with The AZEK Company, the company recycled 182,400 pounds of materials, a 62.9% increase from 2023, turning 100% of Clean Out bags into TimberTech composite decking. Furthermore, ThredUp partnered with American Circular Textiles (ACT) to launch the Sales and Use Tax petition, opposing the double taxation of secondhand goods [1].

ThredUp's financial performance also reflected its growth. The company reported a revenue of $77.7 million for Q2 2025, showing a 16.4% year-over-year growth. The gross margin stood at 79.5%, and adjusted EBITDA reached $3 million, translating to 3.9% of revenue. The company generated $800,000 in cash, raising the cash balance to $56.2 million [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. The stock observed a trading increase of $0.93, reaching $10.61, with a significant trading volume of 2,706,401 shares exchanged [3].

ThredUp's impact report and financial performance position it as a key player in the growing resale market. The company's commitment to sustainability and operational efficiency, along with its strategic initiatives, makes it a favorable investment option for investors and financial professionals.

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/