NASDAQ$TDUP
Thredup Inc - Class A · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
ThredUp's Q2 2022 results demonstrated resilience with revenue growth and strategic focus amidst economic uncertainty.
ThredUp reported a 27% year-over-year increase in revenue, reaching $76.4 million for Q2 2022. The company's active buyers and orders both grew significantly, while gross profit increased by 19%. Despite these gains, the company experienced a net loss of $28.4 million and an adjusted EBITDA loss of $13.5 million.
- Revenue increased by 27% year-over-year, reaching $76.4 million.
- Gross profit grew by 19% year-over-year, with a gross margin of 68.9%.
- Active Buyers and Orders both increased by 29% and 40% year-over-year, respectively, totaling 1.7 million each.
- The company continues to expand its Resale-as-a-Service program with new clients.
Headline financials
Revenue & EPS history
ThredUp · Revenue · Quarterly
$76.4M
Forward guidance
For Q3 2022, thredUP anticipates revenue between $64 million and $66 million, a gross margin between 65% and 67%, and an adjusted EBITDA margin loss between 18% and 16%. For Q4 2022, thredUP expects revenue between $70 million and $72 million, a gross margin between 64% and 66%, and an adjusted EBITDA margin loss between 10% and 8%. For the full fiscal year 2022, thredUP projects revenue between $283 million and $287 million, a gross margin between 67% and 69%, and an adjusted EBITDA margin loss between 16% and 15%.
Tailwinds
- Revenue in the range of $64 million to $66 million for Q3 2022.
- Gross margin in the range of 65% to 67% for Q3 2022.
- Adjusted EBITDA margin loss in the range of 18% to 16% for Q3 2022.
- Revenue in the range of $70 million to $72 million for Q4 2022.
- Gross margin in the range of 64% to 66% for Q4 2022.
Headwinds
- Adjusted EBITDA margin loss in the range of 10% to 8% for Q4 2022.
- Revenue in the range of $283 million to $287 million for the full fiscal year 2022.
- Gross margin in the range of 67% to 69% for the full fiscal year 2022.
- Adjusted EBITDA margin loss in the range of 16% to 15% for the full fiscal year 2022.
- Uncertainty in predicting certain items such as depreciation and amortization, stock-based compensation expense, change in fair value of convertible preferred stock warrant liability and provision for income taxes.
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 Q2 2022
+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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