ThredUp CEO James Reinhart said AI costs surprised him. He will not slow employee use of AI. He expects long-term benefits to outweigh early costs. He believes AI will reduce headcount growth and boost productivity. He said ThredUp must improve at projecting AI costs. He presented a slidedeck built by Claude and QA’d by his assistant. ThredUp’s Q2 revenue rose 17% year over year to $90.8 million. Net loss grew 15% to $5.9 million. Active buyers and orders both grew. Operating expenses jumped 17% to $78.6 million.

• 17% revenue growth YoY
• $90.8M Q2 revenue
• 17% operating expenses growth
• $78.6M Q2 operating expenses