GMV (Delivered)
merchandise value
$1,498,412
▼ 2.4% QoQ
Definition. SUM(qty x unit_price x (1 - discount)) over delivered orders, current quarter. Grain: order. Net of discounts, GROSS of returns. This is merchandise flow, not company revenue.
Validated. Counting all statuses reports $1,894,948 (+26%). And 5.7% of this GMV ($85,278) sits on orders later returned - so GMV, not 'net revenue', is the honest label.
Platform Net Revenue
the take @ 11%
$164,825
▼ 2.4% QoQ
Definition. GMV x 11% take rate. This is what Everrest actually earns - the number that belongs on the P&L, not GMV. The take rate is a stated assumption, not yet a data field.
Validated. Board-critical distinction: GMV is $1,498,412 of merchandise flow; the company earns $164,825. Re-rating the take is a one-number change.
Delivered Orders
count
9,929
▲ 3.6% QoQ
Definition. COUNT(orders) WHERE status = 'delivered', current quarter.
Validated. Ties to the GMV order set - same filter, same grain.
Avg Order Value
excl. M0007 · median $82
$128.67
▼ 7.3% QoQ
Definition. MEAN(net_amount) over delivered orders, EXCLUDING merchant M0007 (bulk wholesaler, ~50x median order). Grain: order. Median $82 shown alongside because the distribution is right-skewed.
Validated. Including M0007 lifts the mean to $151 (+17%). The median ($82) sits well below the mean - a right skew, so both are reported.
Active Buyers
distinct, delivered
7,829
▲ 6.5% QoQ
Definition. COUNT(DISTINCT customer_id) with >= 1 delivered order this quarter. The demand side of the marketplace.
Validated. Active merchants is a constant here (all 400 transact every quarter), so it was dropped for this - the number that actually moves and shows demand.
Return Rate
returns / delivered
6.3%
▼ 0.3 pts QoQ
Definition. COUNT(returns on delivered orders) / COUNT(delivered orders), current quarter.
Validated. Using all orders as the denominator understates it at 5.0%. Only delivered orders can be returned, so they are the honest base.
Repeat Buyer Rate
within quarter
22.6%
▲ 2.1 pts QoQ
Definition. Share of active buyers with >= 2 delivered orders WITHIN the quarter. Measured per-quarter so it has a trajectory, not a static trailing figure.
Validated. On delivered orders only, so cancelled-order churn does not masquerade as loyalty. Per-quarter framing lets the board see retention moving.
Top-Merchant Share
M0007 of GMV
15.0%
no prior period
Definition. GMV of the single largest merchant / total GMV, current quarter. A concentration-risk flag.
Validated. M0007 alone is 15% and the top 10 are 21% of GMV - a dependency the board should see, not an aggregate that hides it.