ThredUp's full-year revenue is optimistic!

It is learned that according to foreign media reports, the American version of "Salted Fish" ThredUp recently announced its performance for the fourth quarter and full year of 2021. Data shows that ThredUp has achieved record growth in many indicators.

1. Financial highlights for the fourth quarter of 2021

ThredUp reportedly generated $72.9 million in revenue in the fourth quarter, up 68% year-over-year, a record high. Its gross margin in the fourth quarter was 66%, a 62% year-over-year increase in gross profit.

In the fourth quarter of 2021, the number of active buyers on the ThredUp platform increased to 1.7 million, and the total number of orders reached 1.7 million, an increase of 36% and 69% year-on-year respectively.

Net loss was $17.9 million, or 24.6% of revenue, compared with $17 million, or 39.1% of revenue, in the same period last year.

EBITDA was $10.5 million, or 14.5% of total revenue, compared to $12.2 million, or 28.2% of revenue, in the same period last year.

II. Financial highlights for the full year 2021

ThredUp's full-year revenue was $251.8 million, up 35% year-over-year. Its full-year gross profit margin was 70.7%, a 39% year-over-year increase in gross profit.

The annual order volume reached 5.3 million, a year-on-year increase of 34%, setting a record high.

Net loss was $63.2 million, or 25.1% of revenue, compared to $47.9 million, or 25.7% of revenue, in the same period last year.

EBITDA was $36.5 million, or 14.5% of total revenue, compared to $33.4 million, or 18.0% of revenue, in the same period last year.

3. Outlook

ThredUp expects revenue in the first quarter of 2022 to be between $70 million and $72 million, with a gross profit margin of 65% to 67%. Full-year revenue will be between $330 million and $340 million, with a gross profit margin of 64% to 66%. Overall, the future development trend is optimistic.

Editor ✎ Nicole/

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