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Public managed resale operator; Q2 2026 revenue $90.8 million per company IR.
managed resale · Index #6 · confidence high
ThredUp is tracked on Mooselen as a managed resale running a managed resale and raas model across United States. Headquarters: Oakland, United States. Ownership status in the Mooselen ledger: public.
Categories covered: fashion, secondhand. Authentication model: processing standards. Fulfillment model: platform fulfilled.
Public managed resale operator; Q2 2026 revenue $90.8 million per company IR. Mooselen treats this as a verified profile card fact, not a forecast.
On the Mooselen Index (edition 2026-08-03), ThredUp ranks #6 in the Managed resale tier. A public managed-resale operator and resale-as-a-service provider to brands. The Mooselen Index ranks operators on disclosed scale, category position, and momentum. Detailed company profiles are included with Mooselen Professional. Current ranking edition cutoff: August 3, 2026 (includes eBay completion of the Depop acquisition).
Disclosed revenue and full GMV definitions are not invented on this public profile. Where Mooselen has published numbers, they appear in Wire, Analysis, or Index sources linked below. Profile last verified 2026-08-11 with high data confidence.
Recommerce describes the entire ecosystem of buying, refurbishing, and reselling previously owned or returned merchandise through commercial channels. The term encompasses everything from luxury consignment platforms like The RealReal to peer-to-peer marketplaces like Vinted, plus retailers accepting trade-ins and brands launching their own secondhand programs. Unlike traditional resale, recommerce emphasizes systematic business models with standardized operations: authentication protocols, grading systems, reverse logistics infrastructure, and technology platforms that scale. For resale businesses, understanding recommerce means recognizing it as a distinct sector with unique economics. Success requires managing acquisition costs, refurbishment expenses, inventory velocity, and customer expectations around pricing and quality. The growth of recommerce has created new revenue streams while challenging businesses to balance profitability with sustainability claims and to compete against both fast fashion and established secondhand channels.
GMV (Gross Merchandise Value) represents the total dollar value of all merchandise sold through a resale platform over a specific period, before deducting returns, fees, or other costs. In resale marketplaces like Vinted or Depop, GMV captures every transaction between buyers and sellers, making it a key metric for measuring platform scale and growth velocity. While GMV shows marketplace activity, it differs critically from revenue: a platform might process $1 billion in GMV but only collect 10% to 20% as take rate revenue. Investors and operators track GMV to assess market share, seasonal trends, and category performance. However, GMV alone can mislead, since high transaction volume does not guarantee profitability if customer acquisition costs remain elevated or operational expenses outpace revenue growth. Successful resale businesses balance GMV expansion with sustainable unit economics.
Mooselen reads ThredUp inside the broader circular fashion system: Circular fashion is a regenerative system designed to keep clothing and textiles in continuous use through resale, rental, repair, and recycling, rather than following the traditional linear model of make, use, discard. The approach extends product lifecycles by returning garments to the market multiple times before materials are ultimately recycled into new fibers or products. For resale businesses, circular fashion represents both an operating philosophy and a market opportunity: platforms like Vinted and Depop function as critical infrastructure in circular systems by facilitating peer to peer clothing exchange. The model reduces environmental impact by decreasing demand for virgin materials and diverting textile waste from landfills, while creating economic value from existing inventory. Brands increasingly adopt circular principles through takeback programs and owned resale channels.
Business model managed resale and raas
Headquarters Oakland, United States
Geography United States
Ownership public
Categories fashion, secondhand
Authentication processing standards
Fulfillment platform fulfilled
Disclosed revenue Not publicly disclosed on this profile card
Disclosed GMV/GMS See Index scale notes when entitled; public Signal and Wire disclosures are linked below when available
Last verified 2026-08-11
Programs: ThredUp branded resale partnerships · J.Crew (via ThredUp) · Madewell (via ThredUp) · Athleta (via ThredUp) · Tommy Hilfiger (via ThredUp)
Growth and Adjusted EBITDA expansion are real; softer H2 ranges say demand quality decides how much growth compounds.
August 11, 2026
The material public signals since late July remain eBay completing its Depop acquisition while keeping Depop as a distinct brand, and ThredUp posting second quarter 2026 revenue of $90.8 million with record Active Buyers before softening second half guidance for price-sensitive demand, according to the companies' primary releases covered in prior Mooselen Wire editions.
August 6, 2026
ThredUp Inc. reported second quarter 2026 revenue of $90.8 million, up 17 percent year over year, according to the company's August 5, 2026 investor relations release. Gross margin was 79.9 percent, Adjusted EBITDA was $4.8 million or 5.3 percent of revenue, and Active Buyers reached a record 1.77 million, up 21 percent year over year.
August 6, 2026
As of the August 5 Wire desk close, ThredUp's investor relations feed still showed only the July scheduling notice for second quarter results. Later on August 5, ThredUp posted the full quarterly release with record revenue and Active Buyers figures, according to the company's IR news feed.
August 5, 2026
ThredUp told investors it would report second quarter 2026 financial results on August 5, 2026, according to the company's July 8 investor relations release. As of the August 5 Wire desk close, the ThredUp IR news feed still listed that scheduling notice and had not yet posted a separate second quarter results release.
August 3, 2026
ThredUp said it will report second quarter 2026 financial results on August 5, 2026, according to the company's investor relations news release dated July 8, 2026.
July 8, 2026
A group of 69 fashion and textile organisations has signed a joint statement pressing governments in the EU, the United States, and Canada to change the tax treatment of resale and repair, according to the Ellen MacArthur Foundation, which convened the effort. Signatories include Arc’teryx, Decathlon, Etsy, H&M Group, Lacoste, Primark, Reformation, ThredUp, Vestiaire Collective, Vinted, and Zalando, the Foundation said.
July 2, 2026
The market crossed a threshold worth pausing on: US secondhand fashion sales reached 55.5 billion dollars in 2025, which works out to 12 percent of the 458 billion dollars Americans spent on clothing, footwear, and accessories, according to ThredUp’s 14th annual Resale Report with GlobalData. The sector grew 14 percent last year, roughly four times the pace of the primary market, and is projected to approach 80 billion dollars by 2030.
July 2, 2026
Brand-operated resale sales grew 300 percent between 2021 and 2025, according to the BoF-McKinsey State of Fashion 2026, yet only 16 percent of surveyed fashion brands say they are ready to scale resale immediately, with 38 percent blocked by logistics and operations.
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