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. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.
The RealReal, Inc. Cash Flow Statement
REAL • NASDAQ
| The RealReal, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||
-41.8M | -134.2M | -168.5M | -196.4M | -236.1M | -175.8M | -96.7M | -75.8M | -52.3M | |
33M | 48.3M | 34.3M | 30M | 23.5M | 18.8M | 13.4M | 9.3M | 5.6M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3.2M | 3M | 933K | |
28.9M | 0.0 | 34.3M | 46.1M | 48.8M | 24.3M | 8.5M | 3.8M | 1.9M | |
26.1M | 104.6M | 67.3M | 31M | 36.5M | 19.8M | 105K | 445K | 70K | |
(0.0) | (0.0) | (0.0) | (0.0) | (94K) | (90K) | (102K) | (49K) | (22K) | |
-9.3M | 2.8M | -28.6M | -2.3M | -14.9M | -21.5M | 17.1M | 12.1M | 5.2M | |
37M | 21.5M | -61.3M | -91.6M | -142.2M | -134.4M | -54.5M | -47.2M | -38.6M | |
INVESTING ACTIVITIES | |||||||||
-18.6M | -26M | -29.2M | -22.9M | -37.5M | -18.3M | -34M | -19.1M | -14.1M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (9.3M) | (5.7M) | (2.5M) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -73.3M | -220.6M | -31.5M | -27.5M | |
0.0 | 0.0 | 0.0 | 0.0 | 4M | 278.2M | 39.3M | 16.6M | 30.3M | |
-10.6M | 461K | -13M | -14.1M | -10M | -8.7M | -9.3M | -5.7M | -2.5M | |
-29.2M | -25.6M | -42.1M | -36.9M | -43.4M | (178M) | -215.4M | -33.9M | -11.3M | |
FINANCING ACTIVITIES | |||||||||
2.7M | 1.8M | -679K | -205K | 0.0 | 0.0 | 315.5M | 0.0 | 0.0 | |
-26.7M | 0.0 | 0.0 | 0.0 | 278.2M | 166.3M | -9.3M | 9.8M | -1.3M | |
(0.0) | (0.0) | -679K | -205K | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-4.8M | -1.3M | 905K | 4.3M | -25.3M | -13.5M | 2.6M | 45K | 212K | |
-28.9M | 539K | 226K | 4.1M | 252.9M | 152.8M | 378.7M | 106.1M | 46.7M | |
CASH FLOW SUMMARY | |||||||||
0.0 | 3K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-21.1M | -3.5M | -103.2M | -124.4M | 67.3M | 196.4M | 108.8M | 25M | -3.2M | |
187.1M | 175.7M | 293.8M | 418.2M | 350.8M | 154.4M | 45.6M | 20.7M | 23.8M | |
166M | 172.2M | 190.6M | 293.8M | 418.2M | 350.8M | 154.4M | 45.6M | 20.7M | |
18.4M | -4.5M | -90.4M | -114.4M | -189.6M | -161.4M | -88.5M | -66.3M | -52.7M |
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
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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.