#### It is time for decisive action. Companies have punted too many promises to their stakeholders on the environment, social causes, and who they are building for. By dual-listing on the Long-Term Stock Exchange, we are codifying the critical relationship between ThredUp and our long-term stakeholders and ensuring our success is their success. James Reinhart, CEO and Co-Founder, ThredUp ThredUp provides end-to-end resale services for sellers, including pricing, merchandising, fulfillment payments, and customer service. As a managed marketplace, ThredUp buyers and sellers trust ThredUp to deliver value, selection, and quality. ### About ThredUp ThredUp is transforming resale with the mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the largest resale platforms for apparel, shoes, and accessories. ThredUp is extending the life cycle of clothing, changing the way consumers shop, and ushering in a more sustainable future for the fashion industry. For more information, visit [ir.thredup.com](https://ir.thredup.com/). Founded 2009 Headquarters Oakland, CA Industry Retail, Fashion Resale Symbol TDUP ## Key Metrics ## $322M Total Revenue, FY 2023* ## $213.8M Gross Profit, FY 2023* ## 6.910M Total Orders, FY 2023* ## 11.7% Revenue Growth YOY* ## 11.2% Gross Profit Growth YOY* ## 6.2% Order Growth YOY* *ThredUp Inc., Full Year 2023 Supplemental Financials ### ThredUp’s AI vision for the future of fashion resale ThredUp takes an innovative approach to incorporating AI into fashion resale. With a vast amount of data on unique secondhand items and buyer preferences, ThredUp utilizes AI technology to enhance various aspects of its business operations and customer experience. One key area is in streamlining its single-SKU processing in its network of distribution centers to improve throughput and productivity. ThredUp's advanced AI technologies extract a wide range of detailed characteristics of an item from its image, enriching its inventory database and streamlining the processing and categorization of items. This has improved operational efficiency and the accuracy of its product listings, resulting in better search and personalization in the marketplace. Additionally, AI is leveraged to bring emotion and storytelling to the millions of shopping journeys that happen on ThredUp. With four million items in the marketplace at any given time, AI-powered search makes it easy and intuitive to find any secondhand item on ThredUp. Generative AI technology will soon give customers the ability to create outfits they love using text descriptions or imagery. By harnessing the power of AI, ThredUp is able to provide an enhanced shopping experience while optimizing operational efficiency in the fashion resale industry. ### ThredUp impact at a glance ### 172.3M secondhand items processed ### 666M lbs of CO2e prevented ### 7B gallons of water saved ### 1.3B kWh of energy saved ### 10M items listed through RaaS program ### $6.5B saved by ThredUp buyers off est. retail prices ### The global secondhand apparel market is expected to reach $367 billion by 2029* “As consumers are increasingly thinking secondhand first, the retail industry is adopting powerful new pathways for resale. From the integration of social commerce and innovative AI applications to the establishment of trade organizations and interfacing with government, it’s clear why resale is seeing accelerated growth and has such a promising growth trajectory.” – James Reinhart, CEO and Co-Founder, ThredUp ### Better policies for greater impact Inspiring a new generation — of buyers, sellers, brands, investors, communities, and other stakeholders — takes guts. It’s a task steeped in a long-term strategy that focuses on purpose-driven profit. Resale pioneer ThredUp is blazing a new trail in the retail industry, promoting a more sustainable, circular future for fashion. ### ThredUp’s long-term policies ##### Policy 1: Long-Term Stakeholders With the collective power of ThredUp's stakeholders, they’ll pioneer a more sustainable future for the fashion industry. ##### Policy 2: Long-Term Strategy ThredUp's impact flows from a long-term outlook: engaging in medium and long-term planning that links back to their overall vision. ##### Policy 3: Long-Term Compensation Executive and board compensation is linked directly to long-term performance. ##### Policy 4: Long-Term Board Board membership requires a long-term commitment to social and sustainability initiatives and to stockholders. ##### Policy 5: Long-Term Shareholders ThredUp is committed to engaging with long-term and sustainability-focused investors. ### A long-term partnership built on results #### LTSE methodology drives best-in-class long-term investor quality Listing on the Long-Term Stock Exchange allows qualifying companies to authentically communicate their vision with stakeholders who share a focus for long-term value creation. These companies exemplify leadership and distinguish themselves as trailblazers of a new era, with like-minded investors helping them take the next step forward, as demonstrated by ThredUp: ### 132% Greater long-term investor quality in ThredUp versus long-term investor quality in ThredUp’s publicly traded peers* ### 101% Greater long-term investor quality in ThredUp in comparison to the investment behavior across the entirety of these investors’ portfolio holdings* ### 56% Percentage of ThredUp’s Top 25 sub-fund holders whose long-term investment behavior in ThredUp is significantly accretive to long-term investor quality* *Measured via LTSE Long-Term Score℠ as applied to LTSE proprietary data-sets, FactSet, and relevant SEC filings ### 128% **Outperformance of ThredUp's long-term investor quality** vs. all public peers since listing on the Long-Term Stock Exchange in 2023* #### Co-branded campaign with LTSE expanded consumer awareness of ThredUp as a long-term company* LTSE and ThredUp collaborated to establish measurable outcomes that align with ThredUp's long-term strategy. ### 270% Outperformance on purchases versus target goal based on a 30-day lookback methodology ### 1.5M New consumers engaged with ThredUp as the result of LTSE Partnership campaigns ### 267% Lower cost-per-acquisition (CPA) beat the Google provided benchmark ### 44% Individuals exposed to the co-branded campaign are more likely to search for ThredUp than those who have not been exposed ### 405 Media outlets covered ThredUp's listing on the Long-Term Stock Exchange.