ThredUp (TDUP) Share Price Drops 8% Following Q4 Results
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thredUP Announces Fourth Quarter and Full Year 2021 Results
March 7, 2022 4:05 PM ESTAll-time quarterly revenue high of $72.9 million, representing 68% growth year-over-year. Fourth quarter gross margin of 66% and gross profit growth of 62% year-over-year.Annual revenue of $251.8 million, representing 35% growth year-over-year. Annual gross margin of 70.7% and gross profit growth of 39% year-over-year.Record number of Active Buyers of 1.7 million and Orders of 1.7 million in Q4 2021, representing growth of 36% and 69% year-over-year, respectively. Record annual orders of 5.3 million, representing growth of 34% year-over-year.Remix acquisition closed in Q4 2021, kickstarting our international expansion.Established new Resale-as-a-Service (RaaS) programs with adidas, Crocs, and Michael Stars.
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