ThredUp

ThredUp

Online consignment marketplace for secondhand fashion

Overview

ThredUp runs an online resale marketplace for clothing, shoes, and accessories. It lets people sell their gently used items by sending them in; ThredUp then inspects, photographs, and lists the items for sale so buyers can browse a wide range of secondhand goods. Sellers earn a share of each sale, with the company taking a commission, and its Clean Out service makes decluttering easy by handling the process. The platform also features a New With Tags section for discounted brand-new items, expanding inventory. Compared with other resale options, ThredUp emphasizes convenience (bundled services, scanning and listing), a large catalog including premium brands at deep discounts, and a focus on sustainable fashion. Its goal is to make secondhand shopping affordable and easy for a broad audience while expanding the resale market and reducing fashion waste.

About ThredUp

Simplify's Rating
Why ThredUp is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Social Impact

Consumer Goods

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2009

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Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 16.9% to $90.8 million, with gross margin 79.9%.
  • Whatnot launched September 29, 2026, opening live-selling distribution and seller partnerships.
  • Direct Listing opened broadly in June 2026; listings rose 89% month-over-month.

What critics are saying

  • August 2026 app bugs broke selling addresses and filters, crushing iOS ratings.
  • Management cut 2026 outlook after promotions created a $7 million second-half revenue headwind.
  • If sellers migrate to Whatnot, eBay, or Poshmark, ThredUp's inventory engine starves.

What makes ThredUp unique

  • ThredUp combines managed consignment, Direct Listing, and live shopping across inventory.
  • Its 2026 marketplace spans 1.77 million buyers and 100,000 Direct Listing items.
  • Distribution centers in Atlanta and Dallas give ThredUp operational control competitors lack.

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Funding

Total Funding

$402.3M

Above

Industry Average

Funded Over

8 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Employee Stock Purchase Plan

Paid Vacation

Paid Holidays

Paid Sick Leave

Paid Sabbatical

Hybrid Work Options

Flexible Work Hours

Paid Parental Leave

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
Value Added Resource
Sep 30th, 2026
ThredUp launches Live Selling on Whatnot, eyes bigger seller partnership.

ThredUp launches Live Selling on Whatnot, eyes bigger seller partnership. Published: Sep 29 2026 Updated: Sep 29 2026 ThredUp is officially entering live selling through Whatnot, bringing millions of secondhand items directly to livestream shoppers while also exploring ways to supply inventory and technology to other sellers on the platform. The company announced the partnership September 29, with live shows originating from ThredUp distribution centers in Atlanta, Georgia and Dallas, Texas. Its first Whatnot show kicked off Tuesday afternoon, with more warehouse sales already scheduled on the company's new Whatnot account. Buyers will eventually have access to secondhand items across value, contemporary and luxury brands, with the company planning to increase the frequency of live shows as it builds out the new channel. But ThredUp appears to have bigger plans for the partnership than selling its own inventory. The company is also exploring ways to give existing Whatnot fashion sellers access to its inventory, along with data-driven tools that would help them curate products for their audiences and logistics support to get those products into sellers' hands. CEO James Reinhart called the Whatnot launch "just the beginning," saying the companies are looking at additional ways their technology could be combined to support existing Whatnot sellers. ThredUp is already directing interested live sellers to a separate signup page to learn more about sourcing inventory through the company. ThredUp has already been expanding beyond its traditional managed-consignment model through Direct Listing, the peer-to-peer selling option it opened to a broader beta in June. Direct Listing lets sellers create their own listings, set prices and ship directly to buyers while ThredUp provides the marketplace and optional returns infrastructure. Despite Whatnot getting top billing in Tuesday's announcement, ThredUp doesn't appear to be limiting its live selling plans to one platform. The company is currently recruiting Live Seller/Hosts for its Atlanta and Dallas-area distribution centers, paying $25 to $30 per hour plus commission. The job listing says hosts will run shows on "Whatnot and other live selling platforms," starting with an expected two to three shows per week and adding more as the program ramps. Hosts will pull and prepare items from ThredUp inventory, present details about brands, sizing, condition and styling during livestreams, answer buyer questions and report sales trends back to merchandising teams. The roles are structured as independent contractor positions and call for hosts who can stay on camera for two-hour-plus shifts. Whatnot has expanded well beyond the trading cards and collectibles categories that built its early business, with fashion now its largest category by order volume. The company reported more than $8 billion in live GMV in 2025 and said sellers generated more sales during the first half of 2026 than they did during all of last year. That growth helped Whatnot raise another $545 million at a $20 billion valuation in August, nearly doubling its valuation from the previous funding round, as the company continues investing in category expansion, seller tools, international growth and trust and safety. Whatnot has also been working to attract larger merchants and brands, launching a Shopify integration earlier this year that lets sellers synchronize inventory, product data and orders rather than maintaining separate systems for their Whatnot business. Chief Product Officer Tom Verrilli said at the time the company wanted merchants to understand Whatnot was no longer just for small sellers, with the platform increasingly targeting businesses that need to move large amounts of merchandise. Whatnot has also been using pricing to court high-volume sellers, introducing new volume-based commission rates this month that can push fashion commission down from the standard 8% to 4.5% for sellers doing at least $500,000 in sales over four weeks, with even lower custom rates available to the platform's largest accounts. Other recommerce companies have also been moving further into live selling. Vinted Ventures joined a $26 million funding round for live auction app Tilt earlier this year, calling live selling a format with strong potential in fashion and beyond. Poshmark has spent years building Posh Shows around its fashion marketplace and has increasingly brought brands and retailers into employee-run live events while courting larger enterprise sellers. eBay, meanwhile, has stepped up investment in eBay Live after a relatively slow start following its 2022 launch, including testing a "streaming as a service" model that connects sellers with third-party hosts to run livestreams on their behalf. Whatnot's own 2026 State of Live Selling report claimed women's fashion sales on the platform increased 223% year over year, part of a broader move into everyday retail categories beyond Whatnot's collectibles roots. Liz Morton is founder and editor of Value Added Resource. She spent 17+ years operating ecommerce businesses before launching VAR. Her reporting focuses on seller experience, marketplace strategy and corporate accountability.

MWM
Sep 1st, 2026
ThredUp v8.207.0 breaks seller addresses and search filters, August 2026.

ThredUp v8.207.0 breaks seller addresses and search filters, August 2026. ThredUp's version 8.207.0 update, released in August 2026, has caused a significant backlash among users. Critical bugs have broken core functions, including item selling and search filtering, leading to a sharp drop in the app's average rating from 4.68 to 3.85 stars. The update introduced a bug that prevents users from selling items, with addresses no longer being recognized, and filters for shopping are also reported as broken. Key takeaways * 01ThredUp's v8.207.0 update caused a rating drop of 0.83 stars, from 4.68 to 3.85. * 02The primary complaint is a new bug preventing sellers from using their address, which blocks the selling process. * 03Users also report that search filters no longer work correctly, degrading the shopping experience. * 04ThredUP Inc. has not released detailed patch notes or publicly acknowledged the issues. * 05Community forums suggest the filter and address bugs may be pre-existing problems worsened by the update. * 06The app had nearly 44,000 downloads in the past 30 days on US iOS, indicating a substantial user base is affected. Update impactlead. ThredUP Inc.'s version 8.207.0 update for its online thrift store app, released August 19, 2026, introduced critical bugs that break core selling and shopping functions. This caused the app's average rating to fall from 4.68 to 3.85 stars. Opaque changelogrelease summary. The publisher provided no detailed release notes for version 8.207.0, with its official newsroom and blog offering no specifics. Third-party app stores list the update with a generic description of "Various bug fixes." This lack of transparency obscures the intended purpose of the update, leaving users to discover the functional regressions through use. Core functions brokenbreaking changes. The primary issue crippling the app is a bug affecting sellers. Users report that after the update, the app rejects valid addresses during the selling process, making it impossible to list items. One 1-star review on v8.207.0 stated, "I have used the app multiple times to buy products and have them shipped to my house, but as soon as I attempt to sell my address is no longer recognized." Simultaneously, the shopping experience has degraded. A 3-star review on the same version noted, "the filters don't actually filter down your search. If I set filters for only purple dresses, I still see dresses that have zero purple in them." This failure of a fundamental navigation tool frustrates buyers trying to sift through the large inventory. Sentiment shiftuser reception. The user backlash was immediate and severe, directly tied to the new functional failures. The app's average rating on the US iOS App Store dropped by 0.83 stars. [1] Before the update, reviews for version 8.206.0 were positive, with one 5-star user praising it as their "Favorite shopping app." After the v8.207.0 release, the sentiment shifted dramatically, with complaints focused on the new bugs that disrupt both sides of the marketplace. Recurring problemsroot cause. The issues introduced in v8.207.0 may be an aggravation of existing problems rather than entirely new defects. Community forums show that users have reported similar issues for months. A Reddit thread from June 2026, two months before this update, shows users complaining that search filters were a "hit or miss." Discussions on Reddit's r/ThredUp also describe a recurring address validation bug, where one user found a workaround by adding "apt 1" to their house address, suggesting a flaw in the system's logic. Archived. VerdictExpert verdict. The bugs in version 8.207.0 present a direct risk to ThredUp's marketplace model. With nearly 44,000 downloads on US iOS in the last month alone, a significant portion of the user base is affected. Broken selling tools reduce inventory supply, while a poor search function deters buyers. The lack of an official statement from ThredUP Inc. acknowledging the problems risks further alienating its users, who are left without a timeline for a fix. * [1] The ThredUp app's rating on the US iOS App Store dropped significantly, from 4.68 to 3.85 stars, immediately after the release of version 8.207.0. "The ThredUp app rating on US iOS dropped from 4.68 to 3.85 stars after version 8.207.0, a -0.83 star change." mwm analyticsMWM Intelligencemwm.ai * [2] A user reported that after the update, the app no longer recognized their address for selling items, despite having successfully used it for purchases. "I have used the app multiple times to buy products and have them shipped to my house, but as soon as I attempt to sell my address is no longer recognized" appstoreAppleapps.apple.com * [3] Another user review for version 8.207.0 stated that the search filters were not functioning correctly, showing irrelevant items. "the filters don't actually filter down your search. If I set filters for only purple dresses, I still see dresses that have zero purple in them" appstoreAppleapps.apple.com 8 references App stores Community forums Maxime Doussin Maxime Doussin is the CTO of MWM, where he leads engineering, data infrastructure, and the mobile-app market-intelligence platform. He writes MWM's weekly app trend analysis, drawing on proprietary ranking data covering millions of iOS and Android apps across 150+ countries. This article is an independent editorial analysis. App names, trademarks, and brands mentioned are the property of their respective owners. Market data and rankings referenced are based on MWM's proprietary estimates. Believe this article infringes your intellectual property? File a dispute

Yahoo Finance
Aug 9th, 2026
ThredUp posts Q2 2026 guidance with $90.77M revenue, 60% undervalued claim despite 68% yearly decline

ThredUp released second quarter 2026 results and updated revenue guidance for the remainder of the year. The online resale platform reported sales of $90.77 million and a net loss of $5.94 million for the quarter. The company's stock has experienced significant volatility, with the share price down 51.18% over 30 days and down 67.9% over one year. Following the guidance update, shares gained 3.22% in one day. One valuation narrative suggests ThredUp is 60.1% undervalued, setting fair value at $8.04 per share compared to the current price of $3.21. Supporters point to double-digit revenue growth and potential tailwinds from new tariffs affecting fast fashion imports, whilst critics focus on continuing losses. The valuation depends on assumptions about revenue expansion and margin improvement.

Yahoo Finance
Aug 6th, 2026
ThredUp Q2 revenue rises 17% to $90.8M but lowers outlook on promotional headwinds

ThredUp reported second-quarter revenue of $90.8 million, up 16.9% year-over-year, driven by 21% growth in active buyers and 22% growth in orders. The online resale company posted a $5.9 million net loss, though adjusted EBITDA improved to $4.8 million. CEO James Reinhart cited a challenging consumer environment, particularly in June and July. ThredUp increased promotional activity to drive conversions among price-sensitive shoppers, creating a $3 million revenue headwind in the quarter. The company lowered its second-half and full-year outlook, expecting promotions to reduce second-half revenue by approximately $7 million. ThredUp still anticipates full-year revenue between $344.4 million and $348.4 million whilst maintaining positive cash flow expectations.

Yahoo Finance
Jul 1st, 2026
ThredUp beats Q1 revenue estimates with $81.7M, stock soars 54.5%

ThredUp, an online fashion resale marketplace, reported first-quarter revenues of $81.67 million, up 14.6% year on year and exceeding analysts' expectations by 1.9%. The company also beat adjusted operating income estimates. The consumer discretionary apparel and accessories sector overall showed strong Q1 performance, with the 15 tracked stocks beating revenue consensus estimates by 1.6%. Share prices have risen 7.7% on average since earnings results, with ThredUp's stock climbing 54.5% to $6.75. CEO James Reinhart highlighted record new buyer acquisition during the quarter. The sector faces challenges from cyclical demand and fast-fashion competition, though companies benefit from growing digital commerce and premiumization trends.

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