TheRealReal, Inc. REAL

Consumer discretionary SIC 5900 - Retail-Miscellaneous Retail NAICS Retail Trade derived Nasdaq

The RealReal is the world's largest online marketplace for authenticated, resale luxury goods. We are revolutionizing luxury resale by providing an end-to-end service that unlocks supply and creates a trusted, curated online marketplace for buyers globally. Since our inception, we have cultivated a loyal and engaged consignor and buyer base through continuous investment in our technology platform, logistics infrastructure, brand and people.

We offer a wide selection of authenticated, primarily pre-owned luxury goods on our online marketplace bearing the brands of thousands of luxury and premium designers. The top-selling luxury designers on our online marketplace include Cartier, Chanel, Christian Dior, Gucci, Hermès, Louis Vuitton, Prada, Rolex, Saint Laurent, Tiffany & Co., Van Cleef & Arpels and Bvlgari. We offer products across multiple categories including women's fashion, men's fashion, jewelry and watches. We have built a vibrant online marketplace that we believe expands the overall luxury market, promotes the recirculation of luxury goods and contributes to a more sustainable world.

Last close 10.84 2026-10-23
Market cap $1.32B 2026-06-30 share count
52-week range 8.05 - 17.39

Valuation FY2025 figures against the last close

P/S1.9x
P/E—
P/FCF71.8x
EV/EBITDA145.4x
Dividend yield—
Diluted EPS-0.70

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $692.8M$600.5M$549.3M$603.5M$467.7M$299.9M$316.4M$213.7M$137.5M—
Cost of revenue $176.0M$153.0M$173.0M$254.8M$194.2M$112.4M$114.8M$76.8M$49.9M—
Gross profit $516.8M$447.5M$376.3M$348.7M$273.5M$187.6M$201.5M$136.9M$87.6M—
SG&A $201.6M$187.7M$183.8M$195.3M$176.2M$140.7M$110.7M$63.7M$44.0M—
Total operating expenses $540.8M$504.0M$542.6M$537.9M$488.4M$360.4M$301.6M$210.8M$139.4M—
Operating income -$23.9M-$56.5M-$166.3M-$189.2M-$214.9M-$172.8M-$100.1M-$73.9M-$51.8M—
Interest expense $27.7M$21.4M$10.7M$10.5M$21.5M$5.3M$616.0K$1.2M$762.0K—
Pre-tax income -$41.4M-$133.9M-$168.2M-$196.3M-$236.1M-$175.7M-$98.2M-$75.7M-$52.3M—
Income tax $363.0K$276.0K$283.0K$172.0K$56.0K$101.0K$199.0K$99.0K$57.0K—
Net income $41.80B$134.20B$168.47B$196.44B$236.11B-$175.8M-$98.4M-$75.8M-$52.3M—
EPS, basic -0.36-1.24-1.65-2.05-2.58-2.01-2.14———
EPS, diluted -0.70-1.24-1.65-2.05-2.58-2.01-2.14-10.12-6.74—
Shares, diluted (wtd. avg.) 116.5M107.9M101.8M95.9M91.4M87.6M47.5M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $151.2M$172.2M$175.7M$293.8M$418.2M$350.8M$154.4M$34.4M$16.5M—
Short-term investments ————$0$4.0M$208.8M$27.1M——
Receivables $23.8M$14.0M$17.2M$12.2M$7.8M$7.2M$7.8M$7.6M——
Inventory $30.8M$23.6M$22.2M$43.0M$71.0M$42.3M$21.9M$10.4M——
Total current assets $227.5M$232.7M$235.9M$372.3M$517.8M$421.5M$406.8M$89.1M——
Property, plant and equipment $96.1M$94.4M$104.1M$112.7M$89.3M$63.5M$55.8M$33.3M——
Total assets $409.0M$423.1M$446.9M$615.6M$754.9M$605.1M$465.2M$135.4M——
Accounts payable $14.6M$11.0M$9.0M$11.9M$4.5M$14.3M$11.2M$5.1M——
Short-term debt ———————$6.0M——
Total current liabilities $264.2M$248.7M$188.9M$207.5M$188.0M$148.3M$118.5M$88.4M——
Long-term debt ———————$3.2M——
Total liabilities $824.6M$830.5M$750.2M$785.7M$681.8M$413.8M$128.0M$98.9M——
Retained earnings -$1.30B-$1.25B-$1.12B-$951.2M-$768.1M-$532.0M-$356.2M-$257.7M——
Total equity -$415.5M-$407.4M-$303.3M-$170.1M$73.1M$191.3M$337.2M-$257.7M-$177.0M-$122.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $37.0M$26.8M-$61.3M-$91.6M-$142.2M-$134.4M-$54.5M-$47.2M-$38.6M—
Depreciation and amortisation $33.0M$33.1M$31.7M$27.7M$23.5M$18.8M$13.4M$9.3M$5.6M—
Stock-based compensation $28.9M$29.1M$34.3M$46.1M$48.8M$24.3M$7.7M$2.9M$1.9M—
Capital expenditure $18.6M$14.2M$29.2M$22.9M$37.5M$18.3M$24.8M$13.4M$11.6M—
Investing cash flow -$29.2M-$25.6M-$42.1M-$36.9M-$43.4M$178.0M-$215.4M-$33.9M-$11.3M—
Financing cash flow -$28.9M-$4.8M$226.0K$4.1M$252.9M$152.8M$378.7M$106.1M$46.7M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001573221-26-000036.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100B 0 100B 200B 300B Revenue, FY2017: 137.5M Gross profit, FY2017: 87.6M Net income, FY2017: -52.3M Revenue, FY2018: 213.7M Gross profit, FY2018: 136.9M Net income, FY2018: -75.8M Revenue, FY2019: 316.4M Gross profit, FY2019: 201.5M Net income, FY2019: -98.4M Revenue, FY2020: 299.9M Gross profit, FY2020: 187.6M Net income, FY2020: -175.8M Revenue, FY2021: 467.7M Gross profit, FY2021: 273.5M Net income, FY2021: 236.1B Revenue, FY2022: 603.5M Gross profit, FY2022: 348.7M Net income, FY2022: 196.4B Revenue, FY2023: 549.3M Gross profit, FY2023: 376.3M Net income, FY2023: 168.5B Revenue, FY2024: 600.5M Gross profit, FY2024: 447.5M Net income, FY2024: 134.2B Revenue, FY2025: 692.8M Gross profit, FY2025: 516.8M Net income, FY2025: 41.8B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $137.5M $213.7M $316.4M $299.9M $467.7M $603.5M $549.3M $600.5M $692.8M
Gross profit — $87.6M $136.9M $201.5M $187.6M $273.5M $348.7M $376.3M $447.5M $516.8M
Net income — -$52.3M -$75.8M -$98.4M -$175.8M $236.11B $196.44B $168.47B $134.20B $41.80B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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