ThredUp Inc. (TDUP) Gross Margin (2020 - 2026)

ThredUp has disclosed Gross Margin across 7 years of filings, most recently posting 79.17% for Q1 2026.

• In Q1 2026, Gross Margin rose 10.0% year-over-year to 79.17%; the TTM figure through Mar 2026 stood at 79.4% (up 2.0% YoY), while the FY2025 annual figure was 79.39%, down 26.0% from the prior year.
• Gross Margin eased to 79.17% in Q1 2026, from 79.59% in the prior quarter.
• Over the last five years, Gross Margin for TDUP reached as high as 195.89% in Q4 2023 and fell as low as 63.05% in Q4 2022.
• The 5-year median for Gross Margin is 79.07% (2025), against an average of 81.26%.
• Annual changes were most pronounced in 2023 — Gross Margin soared 13284 bps — and 2024, when it sank 11547 bps.
• A 5-year view of Gross Margin shows it stood at 63.05% in 2022, then surged by 211 bps to 195.89% in 2023, then plunged by 59 bps to 80.43% in 2024, then declined by 1 bps to 79.59% in 2025, then declined by 1 bps to 79.17% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 79.17%, 79.59%, and 79.37% for Q1 2026, Q4 2025, and Q3 2025 respectively.