our for I'm everyone. quarter joining you afternoon, James earnings Good fourth Thank call. Co-Founder Reinhart, and ThredUp. XXXX CEO of
noted. exclusively Given business, otherwise our our in the XXXX. continuing U.S. number of My remarks completed of on will focus the divestiture remix in unless operations
. and and share for fiscal to results year pleased QX are our expectations We financial for QX XXXX. Thread's
further quarter full our financials and expansion across gross EBITDA Financial the margin XXXX first customer-facing outlook marketplace. Sobers, Officer; provide will Sean talk year it over in on and margins, We'll I fourth Chief more provide our quarter our and update hand for growth, then improvements to through an XXXX. to our adjusted detail detail
always, close out call with today's session. a we'll question-and-answer As
reaccelerating Let me flow the start by U.S. while saying that and in our targets. cash we maintaining adjusted EBITDA substantial growth in progress have free
fourth driven As retention well factors: into was strong strategy. X remained strongest acquisition QX, be expectations one quarter customer First, performance we volume continued shaping and January, history. very to and XXXX. QX new XX% Customer our in is progress that with year-over-year. acquisition customer our by in This our quarters has announced of up the of our was acquisition in up also
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and Despite sub line remain again goal. in our scaling spend our further significantly with in conversion means in QX, paybacks retention and QX strong X-year
more can future. are targets. We flow to growing in cash foreseeable aggressively free still the new be confident we This likely approach increasingly for buyers our our while invest achieving is
we Second, capabilities. and growth processing our sourcing high-quality are listing apparel accelerating, now ever. buyer and strategy With processing more than sourcing,
our sellers on capacity growth remain on a Fresh identify days and listings input are meet Fresh under of continuing we marketplace. as old up onto basis the processing buyer quarter-to-date we which our items retention. ThredUp, and are accelerate. no are We flow scaling XX X% year-over-year buyers. listings to key a network of to longer needs up across more and stemming Instead, more the to
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generative technology our and AI investments. Third, product
ThredUp believe to AI retailers continue secondhand and can We significantly and experience. marketplaces the relative that enhance generative benefits other AI shopping to disproportionately the
our the indistinguishable shopping to us years, ways. reality was secondhand in are dream was experience in For new shopping advancements generative build closer that multiple from that going to AI
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turning consumer released having upcoming consumer early the Last impact are our the psychology. on we data that from tariffs report resale Now to week, environment. about
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to over I we it the do a turn our quick competitive I U.S. especially the focused Before now Sean, are to on that review of in exclusively want business, advantages
Our the competitive problems from effects we've comes advantage compounding solved. of hard X
important name market. massive in high-quality created continues First, brand for a the logistics retail winning has defensibility. chain be supply that reverse supply part battle supply an the to advantage we built our of a
while scale. single extending and even apparel we technology we built innovations infrastructure are have costs. SKU process to AI, world-class and advantage at software we grow further our reduce ongoing technology and With Second, capacity in processing
comes data-driven that, built have platform. managed top we millions pricing and merchandising, our of and buyers on help photography, data data that acceptance, technology improve sellers from directly AI data We Third, of sit points deployment with the marketing customers marketplace on connects long-standing our better us advantage. that that serve algorithms this a ingest of rapid the capabilities. and combined to models
our has marketplace that increases, calculated very approach sustain over We been developed said public what first day every advantage mode from supply the As about takes our deeply network and with our to of our strategy widens time. competitive believe build grow. filing, I've infrastructure data our it advantage effects and and a
to you, over Sean. Now
