Vinted, the Lithuanian-founded online marketplace, has reported annual revenues of €1.1bn in 2025, a 38 per cent increase year-on-year.
At the same time, GMV (gross merchandise value) rose 47 per cent to €10.8bn.
GMV is the total value of goods sold through a platform or marketplace over a given period.
The figures show that Vinted reported adjusted EBITDA of €151m and a net profit of €62m.
The profits were lower as Vinted invested to grow the German market, expanded Vinted Marketplace categories, expanded Vinted Go’s carrier services to Portugal and Spain, and introduced Vinted Pay’s wallet.
Thomas Plantenga, CEO of Vinted, said: “To make second-hand first choice, we know what we need to do: we need to be the most cost-efficient, be the most reliable and easy to use.
“Therefore we need to build an ecosystem for C2C second-hand trade, that maximises value to members at the lowest possible cost.
“We do this by investing in technology to have long-term scalable impact. That’s why you see us improving our product, investing in safety and member support, while strengthening the rails that power the marketplace: shipping and payments.
“When we do this well, sellers sell their items quicker, buyers find what they want more easily and at the best price, all while delivery and payment happen seamlessly and reliably.
“When this happens, the value compounds as the marketplace gets meaningfully better with each additional member.
“In 2025 this happened across every growth vector we have, which resulted in strong growth and, more importantly, a more efficient and stronger foundation that will drive the future consumption shift from new to second-hand.”
Founder story
Vinted was founded in Vilnius in 2008 by Milda Mitkute and Justas Janauskas after they had a conversation at a party about creating a platform where people could buy and sell clothing from each other’s wardrobes.
Through its network of delivery partners, Vinted provides members with access to more than 500,000 pick-up and drop-off points across Europe, supporting uptake of convenient, out-of-home delivery options.
In 2014, Vinted launched in the UK and is now reportedly the platform’s second biggest market.
In 2016, the business ditched seller fees and never looked back, becoming Lithuania’s first unicorn in 2019 after raising €128m in a Series E round led by Lightspeed.
By 2024, the company was valued at €5bn after a secondary share sale of €340m.
Today, the company employs more than 2,000 staff.