NASDAQ$TDUP
Thredup Inc - Class A · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Announced third quarter 2022 results, demonstrating revenue growth and progress towards profitability.
ThredUp reported a 7% year-over-year increase in revenue, reaching $67.9 million for Q3 2022. The company's active buyers and orders also saw significant growth, increasing by 18% and 24%, respectively. However, the company experienced a decline in gross profit and an increased net loss compared to the same quarter last year.
- Revenue reached $67.9 million, a 7% increase year-over-year.
- Gross margin was 65.5%, with gross profit declining 3% year-over-year.
- Active Buyers totaled 1.7 million, growing 18% year-over-year.
- Orders amounted to 1.6 million, reflecting a 24% increase year-over-year.
Headline financials
Revenue & EPS history
ThredUp · Revenue · Quarterly
$67.9M
Forward guidance
For the fourth quarter 2022, thredUP expects revenue in the range of $62 million to $64 million, gross margin in the range of 62.0% to 64.0%, and Adjusted EBITDA loss margin in the range of 16.5% to 14.5%. For the full fiscal year 2022, thredUP expects revenue in the range of $279 million to $281 million, gross margin in the range of 66.5% to 67.0%, and Adjusted EBITDA loss margin in the range of 17.0% to 16.5%.
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 Q3 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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro