Vinted Group UAB — Cyborg Score 8/10

Strong
Peer-to-peer secondhand fashion marketplace

Strategic Profile

Vinted monetizes buyer confidence, convenience, and infrastructure rather than extracting value from sellers, creating a capital-efficient model that drives sustained profitability. The company has built a category-leading business with a unique financial profile: fast growth at scale with sustained profitability, driven by a proven marketplace embedded in an ecosystem of vertically integrated shipping and payment infrastructure. As of 2026, Vinted is the clear leader in the European secondhand fashion market, commanding dominant share in core markets like France and Poland and processing hundreds of millions of listings annually.

Cyborg Score Rationale

In 2024, the group reported consolidated revenue of €813.4 million (up 36% from 2023) and a net profit of €76.7 million, up 330% from 2023. Vinted completed a secondary share transaction of €880 million at an equity valuation of €8 billion in April 2026. The company combines market leadership, proven unit economics, and expansion beyond fashion into adjacent categories, though regulatory headwinds and intensifying competition present near-term risks.

Top Insights

  • As of early 2026, the Buyer Protection Fee contributes roughly 75-80% of total revenue, delivering steady, high-margin income while keeping listing free for sellers
  • Vinted has broadened its reach beyond fashion into fast-growing adjacent categories such as electronics
  • Vinted employs more than 2,200 people and has offices in Germany and the Netherlands in addition to its Vilnius headquarters
  • Vinted is the market leader in European resale, with active-user penetration exceeding 20% in some markets and GMV growth north of 15% year-over-year in 2025

Named Competitors

  • Depop — Peer-to-peer social fashion marketplace with 10% seller commission
  • ThredUp — Online consignment and thrift store for secondhand clothing
  • Vestiaire Collective — Luxury secondhand fashion marketplace targeting higher-margin segments
  • The RealReal — Luxury consignment platform for authenticated pre-owned goods
  • Mercari — Peer-to-peer marketplace for pre-owned items globally

Recent Developments

  • (April 27, 2026) Completed €880 million secondary share transaction at €8 billion equity valuation led by EQT, Schroders Capital, and Teachers' Venture Growth
  • (May 20, 2026) Announced sellers earned €10.8 billion through the platform in 2025; extended payments partnership with Mangopay
  • (January 23, 2026) Debuted in New York with wider ambition to capture US market potential

Open the full interactive Vinted Group UAB report

Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.

Open report →