ThredUp Inc. saw its stock price drop nearly 50% following a significant miss on Q2 earnings and a 2.1% cut in full-year revenue guidance. The company reported a net loss 40% worse than expected, driven by weak demand from consumers earning under $60,000, a key segment for the business. Despite maintaining healthy liquidity, ThredUp’s valuation remains high at 2.28 times forward EV/Sales, suggesting further downside risk unless upcoming quarters show strong improvements. Investors are concerned about the timeline for the company to reach profitability given the current softness in its core market.
ThredUp reported a GAAP loss per share of $0.05, missing estimates, and lowered its full-year revenue forecast due to inflationary pressures impacting customer demand and about $7 million in promotional costs in H2 2026. The company’s revenue grew 16...
ThredUp reported a 17% revenue increase to $90.8 million in its latest quarter, driven by a 13% rise in new buyers. The company is adapting to a K-shaped economy by targeting both budget-conscious shoppers with discounts and premium buyers with firm ...
