Poshmark Inc. (POSH) Tops Q1 EPS by 9c, Offers Q2 Guidance
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Poshmark, Inc. Reports First Quarter 2021 Financial Results
May 12, 2021 4:00 PM EDTQ1 Gross Merchandise Value Increased 43% Year over Year to $441.0 million
Q1 Total Revenue Grew 42% Year over Year to $81.0 million
Q1 Adjusted EBITDA was $4.2 million with 5.2% margins
REDWOOD CITY, Calif, May 12, 2021 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDAQ: POSH), a leading social marketplace for new and secondhand style, today announced financial results for the first quarter ended March 31, 2021. The Company posted net revenues of $81.0 million, which is a 42% year-over-year increase from the first quarter of 2020. Gross Merchandise Value (GMV) grew 43% year-over-year to $441.0 million, up from... More
