REAL - NASDAQ
The RealReal, Inc.
$9.12
-6.0%The RealReal, Inc. operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women's, men's, kids', jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.
At a Glance
Live SnapshotThe RealReal, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
The RealReal, Inc. Income Statement
REAL • NASDAQ
| The RealReal, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||
692.8M | 600.5M | 549.3M | 603.5M | 467.7M | 299.9M | 316.4M | 207.4M | 137.5M | |
GROSS PROFIT | |||||||||
(209M) | (153M) | (173M) | (254.8M) | (194.2M) | (112.4M) | (114.8M) | (70.5M) | (49.9M) | |
483.8M | 447.5M | 376.3M | 348.7M | 273.5M | 187.6M | 201.5M | 136.9M | 87.6M | |
OPERATING INCOME | |||||||||
(507.8M) | (504M) | (542.6M) | (537.9M) | (488.4M) | (360.4M) | (301.6M) | (210.8M) | (139.4M) | |
(264.8M) | (243M) | (499.1M) | (258.3M) | (239.2M) | (196.6M) | (158.4M) | (105.9M) | (80.7M) | |
(242.9M) | (227.7M) | (225.3M) | (0.0) | (212.3M) | (145M) | (0.0) | (104.9M) | (58.7M) | |
-23.9M | -56.5M | -166.3M | -189.2M | -214.9M | -172.8M | -100.1M | -73.9M | -51.8M | |
PRE-TAX INCOME | |||||||||
(27.7M) | (21.4M) | (10.7M) | (10.5M) | (21.5M) | (5.3M) | (616K) | (1.2M) | (762K) | |
-23.4M | -13.4M | -1.9M | -7.3M | -21.2M | -2.7M | 4M | -106K | -407K | |
(0.0) | (33.3M) | -181.9M | (279.5M) | (36.9M) | (18.8M) | (143.2M) | (0.0) | (0.0) | |
-17.5M | -77.4M | -1.9M | -7.1M | -21.1M | -2.9M | 1.9M | -1.8M | -467K | |
-41.4M | -133.9M | -168.2M | -196.3M | -236.1M | -175.7M | -98.2M | -75.7M | -52.3M | |
NET INCOME | |||||||||
(363K) | (276K) | (283K) | (172K) | (56K) | (101K) | (199K) | (99K) | (57K) | |
-41.8M | -134.2M | -168.5M | -196.4M | -236.1M | -175.8M | -98.4M | -75.8M | -52.3M |
SEC Filings
REAL - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | April 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 09, 2026 | March 06, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 26, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 | |
8-K 8-K 2025 N/A | November 18, 2025 | November 17, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 10, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 10, 2025 | November 10, 2025 | 2025 | |
8-K 8-K 2025 N/A | August 21, 2025 | August 20, 2025 | 2025 |
Related Guides
Continue your REAL research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.