ThredUp Q2 rev. $77.7mln, up 16% YoY, active buyers 1.47mln.

• ThredUp Q2 revenue hits $77.7mln, up 16% YoY • Gross margin at 79.5%, up 17% YoY • Active Buyers reach 1.47mln, a 17% YoY increase • New buyer growth at 74% YoY, best quarter ever • Cash and marketable securities at $56.2mln • Full year 2025 outlook revised, raising revenue and EBITDA margin expectations

ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), the leading online resale platform for apparel, shoes, and accessories, reported its financial results for the second quarter ended June 30, 2025, marking significant growth and improved financial health. The company's revenue reached $77.7 million, representing a 16% year-over-year (YoY) increase. This growth was supported by a robust gross margin of 79.5%, which was up 17% YoY, indicating strong operational efficiency.

The company's active buyers grew to 1.47 million, a 17% YoY increase, while new buyer growth reached 74% YoY, the highest quarterly growth rate ever recorded by ThredUp. This impressive growth in active and new buyers underscores the increasing popularity of secondhand shopping among consumers, driven by both sustainability and budget-consciousness.

ThredUp's financial strength is further evident in its cash and marketable securities, which totaled $56.2 million. The company's full year 2025 outlook has been revised, with revenue and EBITDA margin expectations raised, reflecting the company's strong performance and market position.

CEO James Reinhart attributed the company's success to a combination of market trends and technological innovations. "Our recent success is a direct result of a powerful synergy between a major consumer shift and our proprietary technology," Reinhart said. "We're at the forefront of a thrifting renaissance, with a new generation of shoppers embracing secondhand for both sustainability and value."

The company's AI-led product innovations, such as Image Search and Style Chat, have significantly enhanced the customer experience, making it easier for consumers to find and purchase secondhand items. Additionally, the company's strategic divestment of its European operations, Remix, has allowed it to focus on its core US business, driving operational efficiency and profitability.

Looking ahead, ThredUp remains committed to its AI-first mentality and continues to invest in automation and AI to scale its business and maintain its competitive edge. The company's Resale-as-a-Service (RaaS) model, which allows brands to launch their own resale programs, is another key differentiator that positions ThredUp as a leader in the resale industry.

References:
[1] https://sherwood.news/business/thredups-ceo-dishes-on-ai-first-mentality-whats-driving-resale-boom/
[2] https://www.stocktitan.net/news/TDUP/thred-up-announces-second-quarter-2025-lfq95399kmog.html