ThredUp (TDUP) Revenue & Revenue Breakdown


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ThredUp Revenue Highlights


Latest Revenue (Y)

$322.02M

Latest Revenue (Q)

$73.02M

Main Segment (Y)

Loyalty Program

Main Geography (Y)

UNITED STATES

ThredUp Revenue by Period


ThredUp Revenue by Year

DateRevenueChange
2023-12-31$322.02M11.67%
2022-12-31$288.38M14.53%
2021-12-31$251.79M35.36%
2020-12-31$186.01M13.55%
2019-12-31$163.81M26.45%
2018-12-31$129.55M-

ThredUp generated $322.02M in revenue during NA 2023, up 11.67% compared to the previous quarter, and up 248.57% compared to the same period a year ago.

ThredUp Revenue by Quarter

DateRevenueChange
2024-09-30$73.02M-8.44%
2024-06-30$79.75M0.21%
2024-03-31$79.59M-2.22%
2023-12-31$81.39M-0.80%
2023-09-30$82.05M-0.74%
2023-06-30$82.66M8.87%
2023-03-31$75.92M6.46%
2022-12-31$71.32M4.96%
2022-09-30$67.94M-11.09%
2022-06-30$76.42M5.13%
2022-03-31$72.69M-0.25%
2021-12-31$72.88M15.18%
2021-09-30$63.27M5.53%
2021-06-30$59.96M7.68%
2021-03-31$55.68M28.20%
2020-12-31$43.43M-7.46%
2020-09-30$46.93M-0.85%
2020-06-30$47.34M-2.03%
2020-03-31$48.31M-

ThredUp generated $73.02M in revenue during Q3 2024, up -8.44% compared to the previous quarter, and up 88.34% compared to the same period a year ago.

ThredUp Revenue Breakdown


ThredUp Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Gift Card Breakage$4.40M--
Gift Card$2.00M$1.00M$900.00K
Loyalty Program$7.70M$9.40M$13.80M

ThredUp's latest annual revenue breakdown by segment (product or service), as of Dec 23: Loyalty Program (54.61%), Gift Card Breakage (31.21%), and Gift Card (14.18%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Gift Card Breakage$1.30M$1.30M$1.30M$2.50M$1.90M----------
Loyalty Program$2.80M$3.80M$3.70M$1.10M$2.10M$2.40M$2.10M--------
Gift Card$300.00K$300.00K$300.00K$300.00K$500.00K$700.00K$500.00K--------
Product-------$33.85M$26.39M$27.89M$25.26M$28.12M$15.20M$11.36M$10.99M
Consignment-------$37.47M$41.55M$48.54M$47.44M$44.76M$48.07M$48.60M$44.69M

ThredUp's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Loyalty Program (63.64%), Gift Card Breakage (29.55%), and Gift Card (6.82%).

ThredUp Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21
UNITED STATES$258.50M$240.94M-
Non-US$63.52M$47.44M-
North America--$240.68M
Europe--$11.12M

ThredUp's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (80.28%), and Non-US (19.72%).

ThredUp Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
JDJD$1.08T$260.05B
VIPSVipshop$112.86B$27.65B
CHWYChewy$11.15B$2.86B
BZUNBaozun$8.81B$1.98B
ETSYEtsy$2.75B$662.41M
FTCHFarfetch$2.32B$572.09M
OSTKBeyond$1.56B$382.28M
GLBEGlobal-e Online$569.95M$145.87M
DTCSolo Brands$494.78M$94.14M
TDUPThredUp$322.02M$73.02M
LQDTLiquidity Services$314.46M$91.45M
HOURHour Loop$132.12M$31.08M
DIBS1stdibs$84.68M$21.19M
NHTCNatural Health Trends$43.92M$10.47M

TDUP Revenue FAQ


What is ThredUp’s yearly revenue?

ThredUp's yearly revenue for 2023 was $322.02M, representing an increase of 11.67% compared to 2022. The company's yearly revenue for 2022 was $288.38M, representing an increase of 14.53% compared to 2021. TDUP's yearly revenue for 2021 was $251.79M, representing an increase of 35.36% compared to 2020.

What is ThredUp’s quarterly revenue?

ThredUp's quarterly revenue for Q3 2024 was $73.02M, a -8.44% decrease from the previous quarter (Q2 2024), and a -11.00% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $79.76M, a 0.21% increase from the previous quarter (Q1 2024), and a -3.51% decrease year-over-year (Q2 2023). TDUP's quarterly revenue for Q1 2024 was $79.59M, a -2.22% decrease from the previous quarter (Q4 2023), and a 4.83% increase year-over-year (Q1 2023).

What is ThredUp’s revenue growth rate?

ThredUp's revenue growth rate for the last 3 years (2021-2023) was 27.89%, and for the last 5 years (2019-2023) was 96.58%.

What are ThredUp’s revenue streams?

ThredUp's revenue streams in c 23 are Gift Card Breakage, Gift Card, and Loyalty Program. Gift Card Breakage generated $4.4M in revenue, accounting 31.21% of the company's total revenue Gift Card generated $2M in revenue, accounting 14.18% of the company's total revenue, up 100.00% year-over-year. Loyalty Program generated $7.7M in revenue, accounting 54.61% of the company's total revenue, down -18.09% year-over-year.

What is ThredUp’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of ThredUp was Loyalty Program. This segment made a revenue of $7.7M, representing 54.61% of the company's total revenue.