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$2.00M$1.00M$900.00K
Loyalty Program$7.70M$9.40M$13.80M
Gift Card Breakage$4.40M--

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$300.00K$300.00K$300.00K$300.00K$500.00K$700.00K$500.00K--------
Loyalty Program$2.80M$3.80M$3.70M$1.10M$2.10M$2.40M$2.10M--------
Gift Card Breakage$1.30M$1.30M$1.30M$2.50M$1.90M----------
Consignment-------$37.47M$41.55M$48.54M$47.44M$44.76M$48.07M$48.60M$44.69M
Product-------$33.85M$26.39M$27.89M$25.26M$28.12M$15.20M$11.36M$10.99M

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
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


TickerCompanyLast Year RevenueLast Quarter Revenue
JDJD$1.08T$260.05B
VIPSVipshop$112.86B$27.65B
CHWYChewy$11.15B$2.88B
BZUNBaozun$8.81B$1.98B
ETSYEtsy$2.75B$662.41M
GLBEGlobal-e Online$569.95M$145.87M
DTCSolo Brands$494.78M$94.14M
LQDTLiquidity Services$363.32M$91.45M
TDUPThredUp$322.02M$73.02M
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, Loyalty Program, and Gift Card Breakage. 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. Gift Card Breakage generated $4.4M in revenue, accounting 31.21% of the company's total revenue

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.