ThredUp buyer numbers hit new record

ThredUp has reported record active buyers, orders and items sold in the third quarter of 2026, despite a widening net loss and a softer fourth-quarter outlook.

Revenue rose 7% year-on-year to $88.2 million, while active buyers increased 16% to 1.82 million. Orders grew 17% to 1.89 million.

Gross profit rose 6% to $69.0 million, but gross margin fell to 78.2% from 79.4%. The company recorded a net loss of $5.5 million, up from $4.2 million a year earlier.

“We’re proud to report a record quarter for active buyers, orders and items sold, delivering clear value for our buyers in Q3,” said James Reinhart, ThredUp chief executive and co-founder.

“Even as we navigate a highly competitive environment, we remain focused on innovating across the product experience to compound our competitive advantages as a managed marketplace."

ThredUp expects fourth-quarter revenue of $77.0 million to $79.0 million, a 2% year-on-year decline at the midpoint. It forecasts full-year revenue of $337.7 million to $339.7 million.

The company said it has processed more than 250 million unique secondhand items from 60,000 brands across 100 categories