Welcome to our dedicated page for Thredup SEC filings (Ticker: TDUP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
ThredUp Inc. filings document the public-company disclosures of an online secondhand apparel marketplace with Class A common stock trading under TDUP on Nasdaq and the Long-Term Stock Exchange. Form 8-K reports cover quarterly and annual financial results, supplemental financial information, material agreements, credit facility amendments and board appointments.
Proxy materials describe annual meeting procedures, stockholder voting matters, board structure, audit committee oversight, director compensation and related governance disclosures. The filing record also documents capital-structure items such as common stock registration and debt facility terms, including borrowing commitments, maturity, reference-rate provisions and financial covenants.
ThredUp Inc. reported higher Q1 2026 sales but remained unprofitable. Revenue reached $81.7 million, up 14.6% from $71.3 million a year earlier, driven by a 19.3% increase in orders to 1.6 million and 25.0% growth in active buyers to 1.7 million.
Gross profit was $64.7 million with a gross margin of 79.2%, roughly flat year over year. Net loss widened to $6.5 million, or a 7.9% net loss margin, compared with a $5.2 million loss and 7.3% margin in Q1 2025. Non‑GAAP Adjusted EBITDA declined to $2.7 million, a 3.4% margin, from $3.8 million and a 5.3% margin.
Operating cash flow was positive at $4.8 million. ThredUp ended March 31, 2026 with $54.4 million in cash, cash equivalents, restricted cash and marketable securities and $18.0 million outstanding under its Term Loan, with an additional $10.0 million available for equipment purchases.
ThredUp Inc. reported first quarter 2026 revenue of $81.7 million, up 15% year-over-year, with gross margin of 79.2%. Gross profit reached $64.7 million, also up 15%.
The company posted a net loss of $6.5 million (7.9% of revenue), compared with a $5.2 million loss a year earlier. Non-GAAP Adjusted EBITDA was $2.7 million, or 3.4% of revenue, down from $3.8 million, or 5.3%, last year.
Customer metrics continued to expand, with 1.71 million Active Buyers and 1.64 million orders, increases of 25% and 19% year-over-year. ThredUp ended the quarter with $54.4 million in cash, cash equivalents, restricted cash, and marketable securities.
For the second quarter 2026, ThredUp expects revenue of $89.0–$91.0 million, gross margin of 78.5–79.5%, and Adjusted EBITDA margin of about 5.2%. For full-year 2026, it projects revenue of $351.2–$356.2 million, gross margin of 78.5–79.5%, and Adjusted EBITDA margin of about 6.1%.
Nakache Patricia reported acquisition or exercise transactions in this Form 4 filing.
ThredUp Inc. director Patricia Nakache received a grant of 5,231 fully vested restricted stock units, each representing one share of Class A common stock. She elected to take this RSU award instead of her annual cash retainer under ThredUp’s 2021 Stock Option and Incentive Plan, in a transaction exempt under Rule 16b-3. Following the award, she holds 303,318 Class A shares directly and 14,017 shares indirectly through the Gordan/Nakache Family Trust, where she serves as trustee.
Friedman Ian reported acquisition or exercise transactions in this Form 4 filing.
ThredUp Inc. director Ian Friedman received a grant of 3,488 fully vested restricted stock units under the company’s 2021 Stock Option and Incentive Plan. Each RSU represents one share of Class A Common Stock and was taken in lieu of his annual cash retainer, which is paid quarterly. Following this equity grant, Friedman directly holds 417,071 shares of ThredUp Class A Common Stock. This is a compensation-related award rather than an open-market share purchase.
HALEY TIMOTHY M reported acquisition or exercise transactions in this Form 4 filing.
ThredUp Inc. director Timothy M. Haley received an equity grant rather than cash compensation. He was awarded 3,836 fully vested restricted stock units (RSUs) of Class A Common Stock under ThredUp’s 2021 Stock Option and Incentive Plan, in a transaction exempt under Rule 16b-3.
Each RSU represents one share of Class A Common Stock, and Haley elected to receive these RSUs in lieu of his annual cash retainer, which is paid in quarterly installments. Following this award, he directly holds 277,104 shares of Class A Common Stock.
Paransky Noam reported acquisition or exercise transactions in this Form 4 filing.
ThredUp Inc. director Noam Paransky received an equity grant of 3,488 shares of Class A common stock. The shares were issued at a price of $0.00 per share as a grant or award rather than an open-market purchase.
The footnote explains this is a grant of fully vested restricted stock units under ThredUp’s 2021 Stock Option and Incentive Plan, elected in lieu of his annual cash retainer, which is paid in quarterly installments. Following this award, Paransky directly holds 647,042 shares of Class A common stock.
Rushing Coretha M reported acquisition or exercise transactions in this Form 4 filing.
ThredUp Inc. director Coretha M. Rushing received an equity grant rather than buying shares on the market. She was granted 3,488 fully vested restricted stock units (RSUs) of Class A Common Stock under ThredUp’s 2021 Stock Option and Incentive Plan in a transaction exempt under Rule 16b-3.
Each RSU represents one share of Class A Common Stock, and the grant was elected in lieu of her annual cash board retainer, which is normally paid quarterly. Following this compensation-related award, she directly holds 153,896 shares of ThredUp’s Class A Common Stock.
ThredUp Inc. is asking stockholders to vote at its 2026 Annual Meeting, held virtually on May 20, 2026, via live audio webcast. Holders of Class A and Class B common stock as of March 27, 2026 can attend online, vote and submit questions.
Stockholders will elect three Class II directors—James Reinhart, Dan Nova and Kelly Bodnar Battles—to serve until the 2029 annual meeting, and vote on ratifying Deloitte & Touche LLP as independent auditor for 2026. The Board recommends voting “FOR” all nominees and “FOR” the auditor ratification.
The proxy explains ThredUp’s dual-class structure: each Class A share has one vote and each Class B share has ten votes, voting together as a single class. The company highlights its status as an emerging growth company, use of virtual-only meetings, ESG oversight, cybersecurity and privacy programs, and a board fully independent except for the CEO.
Details are provided on board committee structures, director compensation (cash retainers and RSUs), and executive pay. In 2025, CEO James Reinhart received salary, performance-based cash incentives and RSU awards under a mix of fixed and at-risk compensation designed to tie leadership rewards to long-term stockholder value.
ThredUp Inc disclosure: The Vanguard Group filed an amendment to its Schedule 13G/A stating it beneficially owns 0 shares of ThredUp Inc common stock, representing 0% of the class. The filing explains Vanguard completed an internal realignment on January 12, 2026 and now reports certain subsidiaries separately.