REAL

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The RealReal, Inc.

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Key Metrics

Previous Close: $11.78
52-Week Range: $7.21 – $17.39
Market Cap: $1.42B
P/E (TTM): —
EPS (TTM): -0.71
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: —
Return on Assets: -1.02%
Gross Margin: 74.50%
Operating Margin: -1.19%
Profit Margin: -10.82%
Current Ratio: 0.83
Debt/Equity: —
Total Debt: $463.31M
Free Cash Flow: $35.17M
Revenue Growth: 16.60%
Earnings Growth: —
Enterprise Value: $1.78B

REAL Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$603.49M	$549.30M	$600.48M	$692.85M
Cost of Revenue	$254.80M	$173.03M	$152.96M	$176.02M
Gross Profit	$348.69M	$376.28M	$447.52M	$516.82M
Selling, General & Admin	$258.33M	$242.07M	$242.99M	$264.84M
Operating Expenses	$536.96M	$499.11M	$503.82M	$540.76M
Operating Income	-$188.27M	-$122.83M	-$56.30M	-$23.93M
EBITDA	-$158.13M	-$125.79M	-$79.44M	$19.27M
Pretax Income	-$196.27M	-$168.19M	-$133.93M	-$41.44M
Income Tax	$172.00K	$283.00K	$276.00K	$363.00K
Net Income	-$196.44M	-$168.47M	-$134.20M	-$41.80M
Diluted EPS	-2.05	-1.65	-1.24	-0.70
Diluted Shares	95.92M	101.81M	107.88M	116.51M

REAL Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$293.79M	$175.71M	$172.21M	$151.23M
Receivables	$12.21M	$17.23M	$13.96M	$23.82M
Inventory	$42.97M	$22.25M	$23.58M	$30.84M
Current Assets	$372.26M	$235.95M	$232.67M	$227.49M
Total Assets	$615.64M	$446.92M	$423.10M	$409.03M
Current Liabilities	$207.51M	$188.86M	$248.68M	$264.24M
Long-Term Debt	$449.85M	$452.42M	$411.28M	$371.81M
Total Debt	$595.74M	$577.37M	$546.55M	$463.25M
Total Liabilities	$785.73M	$750.22M	$830.47M	$824.55M
Retained Earnings	-$951.15M	-$1.12B	-$1.25B	-$1.30B
Shareholders' Equity	-$170.09M	-$303.30M	-$407.38M	-$415.52M
Working Capital	$164.75M	$47.09M	-$16.01M	-$36.75M
Net Debt	$156.06M	$276.71M	$265.72M	$220.58M

REAL Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$91.56M	-$61.27M	$26.85M	$37.01M
Capital Expenditure	-$36.92M	-$42.13M	-$26.05M	-$31.53M
Free Cash Flow	-$128.48M	-$103.40M	$798.00K	$5.48M
Depreciation & Amortisation	$27.67M	$31.70M	$33.10M	$33.00M
Stock-Based Compensation	$46.14M	$34.27M	$29.08M	$28.94M
Investing Cash Flow	-$36.92M	-$42.13M	-$25.59M	-$29.22M
Financing Cash Flow	$4.10M	$226.00K	-$4.76M	-$28.87M
Net Change in Cash	-$124.38M	-$103.17M	-$3.50M	-$21.08M

REAL Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$160.03M	$165.19M	$173.57M	$194.05M	$189.72M
Cost of Revenue	$40.01M	$42.51M	$44.65M	$48.85M	$48.38M
Gross Profit	$120.02M	$122.68M	$128.92M	$145.20M	$141.33M
Selling, General & Admin	$65.82M	$63.58M	$65.77M	$69.68M	$70.89M
Operating Expenses	$132.79M	$132.56M	$136.47M	$138.93M	$143.61M
Operating Income	-$12.77M	-$9.88M	-$7.55M	$6.27M	-$2.27M
EBITDA	$77.19M	$4.02M	-$38.73M	-$23.20M	$54.36M
Pretax Income	$62.49M	-$11.28M	-$54.03M	-$38.63M	$39.04M
Income Tax	$95.00K	$89.00K	$24.00K	$155.00K	$108.00K
Net Income	$62.40M	-$11.37M	-$54.05M	-$38.78M	$38.94M
Diluted EPS	0.52	-0.13	-0.49	-0.33	-0.07
Diluted Shares	120.78M	119.48M	116.77M	117.44M	125.72M

REAL Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$139.60M	$94.34M	$108.42M	$151.23M	$123.95M
Receivables	$27.75M	$22.77M	$24.34M	$23.82M	$24.88M
Inventory	$26.47M	$28.78M	$29.70M	$30.84M	$33.92M
Current Assets	$208.15M	$160.33M	$182.42M	$227.49M	$202.96M
Total Assets	$400.37M	$349.38M	$366.21M	$409.03M	$385.91M
Current Liabilities	$239.99M	$199.49M	$226.09M	$264.24M	$241.10M
Long-Term Debt	$372.22M	$372.70M	$371.27M	$371.81M	$375.32M
Total Debt	$504.31M	$473.09M	$468.23M	$463.25M	$464.53M
Total Liabilities	$736.44M	$687.63M	$751.26M	$824.55M	$745.28M
Retained Earnings	-$1.19B	-$1.20B	-$1.26B	-$1.30B	-$1.26B
Shareholders' Equity	-$336.07M	-$338.24M	-$385.05M	-$415.52M	-$359.37M
Working Capital	-$31.84M	-$39.15M	-$43.66M	-$36.75M	-$38.14M
Net Debt	$259.32M	$278.36M	$262.85M	$220.58M	$251.37M

REAL Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$28.27M	-$3.57M	$19.33M	$49.52M	-$16.62M
Capital Expenditure	-$7.58M	-$11.42M	-$5.61M	-$6.92M	-$10.64M
Free Cash Flow	-$35.85M	-$14.99M	$13.72M	$42.60M	-$27.26M
Depreciation & Amortisation	$8.38M	$8.26M	$8.21M	$8.16M	$8.09M
Stock-Based Compensation	$7.36M	$8.21M	$6.61M	$6.77M	$6.27M
Investing Cash Flow	-$5.86M	-$10.83M	-$5.61M	-$6.92M	-$10.64M
Financing Cash Flow	$1.47M	-$30.85M	$359.00K	$158.00K	-$16.00K
Net Change in Cash	-$32.66M	-$45.26M	$14.08M	$42.76M	-$27.28M

Market Snapshot

About

The RealReal, Inc. operates an online luxury consignment marketplace for authenticated pre-owned fashion, jewelry, watches, and home goods. The company uses expert authenticators and proprietary technology to verify luxury items, connecting sellers with buyers seeking high-end secondhand goods at accessible prices.