REAL (The RealReal, Inc.) Stock Financials & Earnings

REALThe RealReal, Inc.

Mkt Cap$3B

Consumer Cyclical·Luxury Goods·🇺🇸 United States·NASDAQ

Revenue (TTM)$693M

Net Income (TTM)-$42M

EPS (TTM)-$0.38

Free Cash Flow (TTM)$838,000

Gross Margin73.4%

Op. Margin-3.5%

Net Margin-6.0%

FCF Margin0.1%

P/S Ratio (TTM)4.5x

P/E Ratio (TTM)—

YoY Rev Growth+15.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$142M	$90M	-$82M
Q2 23	$131M	$86M	-$41M
Q3 23	$133M	$94M	-$22M
Q4 23	$143M	$106M	-$21M
Q1 24	$144M	$107M	-$18M
Q2 24	$145M	$99M	-$19M
Q3 24	$148M	$111M	-$15M
Q4 24	$164M	$122M	-$5M
Q1 25	$160M	$120M	-$13M
Q2 25	$165M	$123M	-$10M
Q3 25	$174M	$129M	-$8M
Q4 25	$194M	$137M	$6M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$61M	$50M	$18M
Q2 23	$58M	$44M	$15M
Q3 23	$53M	$45M	$12M
Q4 23	$54M	$43M	$14M
Q1 24	—	$47M	$15M
Q2 24	$57M	$47M	$14M
Q3 24	$58M	$48M	$12M
Q4 24	$58M	$46M	$15M
Q1 25	$59M	$50M	$16M
Q2 25	$61M	$48M	$16M
Q3 25	$62M	$52M	$14M
Q4 25	$61M	$52M	$18M

Revenue Segments

Quarter	Product	Service	Shipping and Handling
Q1 23	$25M	$103M	$14M
Q2 23	$21M	$97M	$13M
Q3 23	$17M	$103M	$13M
Q4 23	$16M	$114M	$14M
Q1 24	$13M	$116M	$15M
Q2 24	$17M	$113M	$15M
Q3 24	$16M	$117M	$15M
Q1 25	$20M	$124M	$16M
Q2 25	$20M	$129M	$16M
Q3 25	$23M	$134M	$16M
Q4 25	$27M	$149M	$18M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$247M	$0	$247M
Q2 23	$189M	$0	$189M
Q3 23	$171M	$0	$171M
Q4 23	$176M	$0	$176M
Q1 24	$166M	$0	$166M
Q2 24	$151M	$0	$151M
Q3 24	$153M	$0	$153M
Q4 24	$172M	$0	$172M
Q1 25	$140M	$0	$140M
Q2 25	$94M	$0	$94M
Q3 25	$108M	$0	$108M
Q4 25	$151M	$0	$151M

Shares Outstanding

Revenue Per Employee

Revenue / Employee