NASDAQ$TDUP
Thredup Inc - Class A · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported a 4% increase in revenue year-over-year, with a gross margin of 67.3% and a decrease in active buyers and orders.
ThredUp Inc. announced its Q1 2023 financial results, reporting a 4% increase in revenue to $75.9 million. The company's gross margin was 67.3%, with a net loss of $19.8 million. Active Buyers and Orders decreased by 3% and 8% respectively.
- Revenue increased by 4% year-over-year, reaching $75.9 million.
- Gross margin was 67.3%, with gross profit increasing by 2% year-over-year.
- Net loss was $19.8 million, an improvement compared to Q1 2022.
- Active Buyers and Orders decreased by 3% and 8% year-over-year, respectively.
Headline financials
Revenue & EPS history
ThredUp · Revenue · Quarterly
$75.9M
Forward guidance
For the second quarter 2023, thredUP expects revenue in the range of $80 million to $82 million, gross margin in the range of 64.5% to 66.5%, and Adjusted EBITDA loss margin in the range of 9.5% to 7.5%. For the full fiscal year 2023, thredUP expects revenue in the range of $320 million to $330 million, gross margin in the range of 65.0% to 67.0%, and Adjusted EBITDA loss margin in the range of 7.5% to 5.5%.
Tailwinds
- Revenue in the range of $80 million to $82 million for Q2 2023
- Gross margin in the range of 64.5% to 66.5% for Q2 2023
- Adjusted EBITDA loss margin in the range of 9.5% to 7.5% for Q2 2023
- Revenue in the range of $320 million to $330 million for full year 2023
- Gross margin in the range of 65.0% to 67.0% for full year 2023
Headwinds
- Adjusted EBITDA loss margin in the range of 7.5% to 5.5% for full year 2023
- Uncertainty in the consumer environment
- Impact of inflationary pressures on consumer behavior
- Increased interest rates affecting business
- General global economic uncertainty
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+2.3%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+11.8%
Avg return
30 days after
48%
12 / 25 earnings
Positive
+53.1%
Q4 2022
Best reaction
-64.9%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | +7.8% | +2.2% | |
| Q4 2025 | -23.7% | -27.1% | -32.9% | |
| Q3 2025 | -7.5% | -6.9% | -6.6% | |
| Q1 2025 | +48.2% | +40.3% | +69.1% | |
| Q4 2024 | +7.2% | +5.8% | +13.0% | |
| Q3 2024 | +51.3% | +68.7% | +198.4% | |
| Q2 2024 | -64.9% | -65.9% | -51.5% | |
| Q1 2024 | +8.3% | +12.8% | +7.2% | |
| Q4 2023 | -6.6% | -15.6% | -11.8% | |
| Q3 2023 | -38.1% | -46.2% | -39.7% | |
| Q2 2023 | +14.7% | +18.6% | -3.8% | |
| Q1 2023 | +4.4% | -11.1% | -24.4% | |
| Q4 2022 | +53.1% | +33.8% | +36.3% | |
| Q3 2022 | +30.4% | +29.3% | +117.4% | |
| Q2 2022 | +11.5% | -15.6% | -5.0% | |
| Q1 2022 | -16.6% | -22.5% | -31.8% | |
| Q4 2019 | -1.0% | -2.1% | +5.5% | |
| Q4 2021 | +6.7% | +7.1% | +8.4% | |
| Q3 2020 | -0.6% | +7.1% | -21.0% | |
| Q3 2021 | +3.2% | +6.2% | -15.9% | |
| Q2 2020 | +7.1% | +6.3% | -14.3% | |
| Q2 2021 | -4.7% | +4.3% | -17.8% | |
| Q4 2020 | -9.3% | -2.5% | +36.1% | |
| Q1 2020 | -9.3% | -2.5% | +36.1% | |
| Q1 2021 | -4.2% | -2.1% | +41.2% |
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