NASDAQ$TDUP
Thredup Inc - Class A · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
ThredUp announced its Q4 2022 earnings, with revenue declining 2% year-over-year and a gross margin of 63.1%.
ThredUp's Q4 2022 financial results revealed a slight decrease in revenue compared to the previous year, alongside a decline in gross profit. The company reported a net loss, but also highlighted the expansion of its Resale-as-a-Service program and the opening of a new distribution center.
- Q4 revenue totaled $71.3 million, a 2% decrease year-over-year.
- Gross profit was $45.0 million, down 7% year-over-year, with a gross margin of 63.1%.
- Active Buyers reached 1.7 million, and Orders totaled 1.5 million, both declining by 2% and 8% respectively.
- Adjusted EBITDA loss was $5.8 million, an improvement compared to the previous year's loss of $10.5 million.
Headline financials
Revenue & EPS history
ThredUp · Revenue · Quarterly
$71.3M
Forward guidance
For the first quarter 2023, thredUP expects revenue in the range of $71 million to $73 million, gross margin in the range of 66.0% to 68.0%, and Adjusted EBITDA loss margin in the range of 12.0% to 10.0%. For the full fiscal year 2023, thredUP expects revenue in the range of $310 million to $320 million, gross margin in the range of 66.0% to 68.0%, and Adjusted EBITDA loss margin in the range of 8.0% to 6.0%.
Tailwinds
- Revenue in the range of $71 million to $73 million for Q1 2023.
- Gross margin in the range of 66.0% to 68.0% for Q1 2023.
- Adjusted EBITDA loss margin in the range of 12.0% to 10.0% for Q1 2023.
- Revenue in the range of $310 million to $320 million for FY 2023.
- Gross margin in the range of 66.0% to 68.0% for FY 2023.
Headwinds
- Adjusted EBITDA loss margin in the range of 8.0% to 6.0% for FY 2023.
- Uncertainty in predicting certain items such as depreciation and amortization.
- Uncertainty in predicting stock-based compensation expense.
- Dependence on various factors that could affect projected net loss.
- Potential for projected net loss to be materially less than indicated by the estimated Adjusted EBITDA margin.
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 Q4 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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