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THREDUP thredUP Announces First Quarter 2021 Results May 12 , 2021 . Completed IPO and began trading on the Nasdaq Global Select Market under the symbol " TDUP " in late March • Record quarterly revenue of $ 56 million • Record gross profit of $ 40 million and gross margin of 71 % • Record number of 1.29 million Active Buyers and 1.13 million Orders • Raised $ 175.5 million dollars in the company's IPO OAKLAND , Calif . , May 12 , 2021 ( GLOBE NEWSWIRE ) -- ThredUp Inc. ( Nasdaq : TDUP ) , one of the world's largest resale platforms for women's and children's apparel , shoes , and accessories , announced today its financial results for the first quarter ended March 31 , 2021 . " thredUP is pleased to share our strong first quarter 2021 results and report for the first time as a public company , " said CEO and co - founder James Reinhart . " We continue to be optimistic about resale's long - term growth , and are seeing early signals of an uptick in purchasing enthusiasm as the US economy reopens . The supply chain dynamics in our marketplace continue to improve as we inch further away from the volatility caused by Covid - 19 . Our investments in technology and infrastructure continue to enhance our ability to offer a modern , fresh , and frictionless resale experience for both buyers and sellers . We are focused on delivering incredible value to our buyers and sellers , furthering thredUP's mission to inspire a new generation to think secondhand first . " First Quarter 2021 Company Highlights • Revenue : Total revenue was a record at $ 55.7 million , an increase of 15.2 % year - over - year . • Gross Profit and Margin : Gross profit totaled $ 39.7 million representing growth of 21.7 % year - over - year . Gross margin expanded to 71 % from 68 % in the comparable quarter last year . • Net Loss : GAAP net loss was $ 16.2 million , or 29 % of revenue , for the first quarter 2021 , compared to a GAAP net loss of $ 13.2 million , or 27.4 % of revenue , for the first quarter 2020 . • Adjusted EBITDA : The Adjusted EBITDA loss was $ 9.1 million , or 16.4 % of revenue , for the first quarter 2021 , compared to the Adjusted EBITDA loss of $ 10.4 million , or 21.6 % of revenue , for the first quarter 2020 . • Active Buyers and Orders : Total first quarter Active Buyers of 1.29 million and Orders of 1.13 million grew 14 % and 18 % , respectively , over the comparable quarter last year . • Board Appointments : thredUP announced that Mandy Ginsberg , the former CEO of Match Group Inc. , and Marcie Vu , the former head of consumer technology at Qatalyst Partners , joined thredUP's board of directors in February 2021 . • Elevating Thrift & Driving Sustainability Awareness : thredUP partnered with celebrities and influencers such as Paris Hilton , Ashley Park , Aimee Song , Hannah Bronfman to launch the #FashionMindfulness challenge . In addition , thredUP partnered with iconic fashion designer Christian Siriano to send thredUP clothing down the runway at New York's Fashion Week . Financial Outlook For the second quarter 2021 , thredUP expects • Revenue in the range of $ 53 million to $ 55 million • Gross margin in the range of 70 % to 72 % • An Adjusted EBITDA margin loss in the range of 28 % to 23 % For fiscal year 2021 , thredUP expects • Revenue in the range of $ 223 million to $ 229 million • Gross margin in the range of 70 % to 72 % • An Adjusted EBITDA margin loss in the range of 20 % to 16 % Conference Call and Webcast • Conference Call : The live call is accessible in the U.S. and Canada at +1 800-367-2403 ( code 8375215 ) and outside of the U.S. and Canada at +1 334-777-6978 ( code 8375215 ) . • Webcast : The live and archived webcast and all related earnings materials will be available at thredUP's investor relations website : ir.thredup.com . About ThredUp Inc.