ThredUp beats Q1 revenue estimates, lifts 2026 outlook

ReutersMay 4, 2026 8:17 PM

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Overview

US online apparel reseller's Q1 revenue rose 15%, beating analyst expectations
Q1 adjusted EBITDA beat consensus
Company raised full-year 2026 outlook for revenue, gross margin and adjusted EBITDA margin

Outlook

ThredUp raises full-year 2026 outlook for revenue, gross margin and adjusted EBITDA margin
Company expects Q2 2026 revenue of $89 mln to $91 mln, gross margin 78.5%-79.5%
ThredUp sees full-year 2026 revenue of $351.2 mln to $356.2 mln, gross margin 78.5%-79.5%

Result Drivers

ACTIVE BUYER GROWTH - Record 1.71 mln active buyers in Q1, up 25% year-over-year, supported revenue growth
ORDER VOLUME - Orders rose 19% year-over-year to 1.64 mln, contributing to higher revenue
NEW BUYER ACQUISITION - CEO cited a record month for new buyer acquisition as a key driver of results

Company press release: ID:nGNX234SXK

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Beat	$81.67 mln	$80.20 mln (7 Analysts)
Q1 Net Income		-$6.47 mln
Q1 Adjusted EBITDA	Beat	$2.70 mln	$2.51 mln (7 Analysts)
Q1 Gross Margin		79.20%
Q1 Basic EPS		-$0.05
Q1 Gross Profit		$64.66 mln
Q1 Operating Income		-$6.59 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for ThredUp Inc is $9.50, about 112.1% above its May 1 closing price of $4.48

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

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