ThredUp (TDUP) Revenue & Revenue Breakdown
ThredUp Revenue Highlights
Latest Revenue (Y)
$322.02M
Latest Revenue (Q)
$79.75M
Main Segment (Y)
Loyalty Program
Main Geography (Y)
UNITED STATES
ThredUp Revenue by Period
ThredUp Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $322.02M | 11.67% |
| 2022-12-31 | $288.38M | 14.53% |
| 2021-12-31 | $251.79M | 35.36% |
| 2020-12-31 | $186.01M | 13.55% |
| 2019-12-31 | $163.81M | 26.45% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $79.75M | 0.21% |
| 2024-03-31 | $79.59M | -2.22% |
| 2023-12-31 | $81.39M | -0.80% |
| 2023-09-30 | $82.05M | -0.74% |
| 2023-06-30 | $82.66M | 8.87% |
| 2023-03-31 | $75.92M | 6.46% |
| 2022-12-31 | $71.32M | 4.96% |
| 2022-09-30 | $67.94M | -11.09% |
| 2022-06-30 | $76.42M | 5.13% |
| 2022-03-31 | $72.69M | -0.25% |
| 2021-12-31 | $72.88M | 15.18% |
| 2021-09-30 | $63.27M | 5.53% |
| 2021-06-30 | $59.96M | 7.68% |
| 2021-03-31 | $55.68M | 28.20% |
| 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 $79.75M in revenue during Q2 2024, up 0.21% compared to the previous quarter, and up 105.05% compared to the same period a year ago.
ThredUp Revenue Breakdown
ThredUp Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Loyalty Program | $7.70M | $9.40M | $13.80M |
| Gift Card Breakage | $4.40M | - | - |
| Gift Card | $2.00M | $1.00M | $900.00K |
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/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Loyalty Program | $3.80M | $3.70M | $1.10M | $2.10M | $2.40M | $2.10M | - | - | - | - | - | - | - | - |
| Gift Card Breakage | $1.30M | $1.30M | $2.50M | $1.90M | - | - | - | - | - | - | - | - | - | - |
| Gift Card | $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 Jun 24: Loyalty Program (70.37%), Gift Card Breakage (24.07%), and Gift Card (5.56%).
ThredUp Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Non-US | $63.52M | $47.44M | - |
| UNITED STATES | $258.50M | $240.94M | - |
| 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| JD | JD | $1.08T | $260.05B |
| VIPS | Vipshop | $112.86B | $27.65B |
| CHWY | Chewy | $11.15B | $2.86B |
| BZUN | Baozun | $8.81B | $1.98B |
| ETSY | Etsy | $2.75B | $647.81M |
| FTCH | Farfetch | $2.32B | $572.09M |
| OSTK | Beyond | $1.56B | $382.28M |
| GLBE | Global-e Online | $569.95M | $145.87M |
| DTC | Solo Brands | $494.78M | $131.55M |
| TDUP | ThredUp | $322.02M | $79.75M |
| LQDT | Liquidity Services | $314.46M | $91.45M |
| HOUR | Hour Loop | $132.12M | $28.07M |
| DIBS | 1stdibs | $84.68M | $22.06M |
| NHTC | Natural 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 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). The company'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). TDUP's quarterly revenue for Q4 2023 was $81.39M, a -0.80% decrease from the previous quarter (Q3 2023), and a 14.13% increase year-over-year (Q4 2022).
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 Loyalty Program, Gift Card Breakage, and Gift Card. Loyalty Program generated $7.7M in revenue, accounting 54.61% of the company's total revenue, down -18.09% year-over-year. 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.
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.