Filing Flows › ThredUp (TDUP) › Q2 2026
ThredUp (TDUP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
ThredUp (TDUP) reported revenue of $90.8M for the second quarter 2026 (Q2 2026), +17% from a year earlier and +11% from the quarter before. Operating margin was -6.7%, net loss $5.9M (6.5% of revenue).
ThredUp, Q2 2026: revenue $90.8M (+17% year over year), operating margin -6.7%, net loss $5.9M, operating cash flow $4.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $90.8M | +11% | +17% |
| Operating profit | −$6.1M | — | — |
| Net earnings | −$5.9M | — | — |
| Operating cash flow | $4.5M | -6% | 13× |
| Free cash flow | $1.8M | +177% | — |
What changed
Revenue was $90.8M in Q2 2026, up 17% year over year and up 11% from the previous quarter.
Gross margin was 79.9%, up 0.4 points from Q2 2025. Operating costs exceeded revenue by $6.1M, an operating margin of -6.7%. Operating expenses grew 17% against revenue growth of 17%. The fastest-growing cost line was SG&A (+19%). The quarter ended with a net loss of $5.9M, narrower than the previous quarter's $6.5M loss.
Operating cash flow was $4.5M (up 1194% year over year). Non-cash charges added back $4.1M of depreciation and $5.9M of share-based compensation. Working capital and other items added $359K. Capital expenditures of $2.7M left free cash flow of $1.8M.
Questions
What was ThredUp's revenue in the second quarter 2026?
ThredUp (TDUP) reported revenue of $90.8M for the second quarter 2026 (Q2 2026), +17% from a year earlier and +11% from the quarter before.
Was ThredUp profitable in the second quarter 2026?
Operating loss was $6.1M (-6.7% of revenue) and net loss $5.9M.
Source: ThredUp 10-Q on SEC EDGAR.