US resale platform ThredUp reports 7 percent revenue growth in Q3

US online second-hand fashion platform ThredUp has reported its financial results for the third quarter ended September 30, 2026, posting a 7 percent increase in revenue year-over-year (YoY) to 88.20 million dollars.

Operating performance expanded across transactional metrics, with active buyers reaching 1.82 million and orders totalling 1.89 million, representing gains of 16 percent and 17 percent respectively compared to the corresponding period last year. Gross profit rose 6 percent YoY to 69 million dollars, while gross margin narrowed slightly to 78.20 percent from 79.40 percent in the prior-year period.

Net loss widened to 5.50 million dollars, representing a negative 6.20 percent of revenue, compared to a net loss of 4.20 million dollars or negative 5.20 percent of revenue in the third quarter of 2025. Adjusted EBITDA reached 3.50 million dollars, or 4 percent of revenue, declining from 3.80 million dollars, or 4.60 percent of revenue, reported in the third quarter last year.

“We're proud to report a record quarter for active buyers, orders and items sold, delivering clear value for our buyers in Q3,” stated ThredUp chief executive officer and co-founder James Reinhart. “Even as we navigate a highly competitive environment, we remain focused on innovating across the product experience to compound our competitive advantages as a managed marketplace.”

Full-year and fourth-quarter outlook adjusted

Looking ahead to the fourth quarter of 2026, the California-based company projects revenue between 77 million and 79 million dollars, reflecting a 2 percent decline YoY at the midpoint. Fourth-quarter gross margin is anticipated to range from 76.50 percent to 77.50 percent, alongside an adjusted EBITDA margin between negative 4 percent and negative 2 percent.

For the full 2026 fiscal year, ThredUp anticipates revenue between 337.70 million and 339.70 million dollars, representing 9% YoY growth at the midpoint. Full-year gross margin is forecasted to settle between 78.50 percent and 78.70 percent, with adjusted EBITDA margin targeted between 2.40 percent and 2.80 percent.