ThredUp Inc. reported its second quarter 2025 financial results, highlighting a record quarterly revenue of $77.7 million, which represents a 16% increase year-over-year. The company achieved a gross profit of $61.7 million, also reflecting a 17% increase compared to the same period last year, with a gross margin of 79.5%, up from 78.8% in the second quarter of the previous year. The company reported significant growth in its customer base, with active buyers reaching 1.47 million, a 17% rise year-over-year, and new buyer growth of 74% year-over-year, marking the best quarter for new buyer acquisition in ThredUp's history. For the third quarter of 2025, ThredUp anticipates revenue between $76.0 million and $78.0 million, a 25% year-over-year increase at the midpoint. The estimated gross margin is expected to be within 77.0% to 79.0%, with an adjusted EBITDA margin of approximately 4.5%. Looking ahead to the fourth quarter of 2025, the company projects revenue ranging from $73.0 million to $75.0 million, reflecting a 10% year-over-year growth at the midpoint, with a gross margin between 77.0% and 79.0%, and an adjusted EBITDA margin of around 3.0%. For the full fiscal year 2025, ThredUp has revised its financial outlook, now expecting revenue between $298.0 million and $302.0 million, representing a 15% year-over-year increase at the midpoint. The gross margin is forecasted to be in the range of 78.0% to 79.0%, with an adjusted EBITDA margin of approximately 4.2%. The company concluded the second quarter with cash and cash equivalents, restricted cash, and marketable securities totaling $56.2 million, an increase of $0.8 million from the previous quarter.