Growth Metrics

ThredUp (TDUP) Gross Margin (2020 - 2025)

ThredUp (TDUP) has disclosed Gross Margin for 6 consecutive years, with 79.59% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 84.0% to 79.59% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 79.39% through Dec 2025, down 26.0% year-over-year, with the annual reading at 79.39% for FY2025, 26.0% down from the prior year.
  • Gross Margin for Q4 2025 was 79.59% at ThredUp, roughly flat from 79.37% in the prior quarter.
  • The five-year high for Gross Margin was 195.89% in Q4 2023, with the low at 63.05% in Q4 2022.
  • Average Gross Margin over 5 years is 79.31%, with a median of 73.23% recorded in 2021.
  • The sharpest move saw Gross Margin skyrocketed 13284bps in 2023, then plummeted -11547bps in 2024.
  • Over 5 years, Gross Margin stood at 66.12% in 2021, then fell by -5bps to 63.05% in 2022, then skyrocketed by 211bps to 195.89% in 2023, then tumbled by -59bps to 80.43% in 2024, then dropped by -1bps to 79.59% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 79.59%, 79.37%, and 79.5% for Q4 2025, Q3 2025, and Q2 2025 respectively.