REAL Q2 2025 Earnings — The RealReal, Inc. Revenue & Financial Results | Market Cap Arena

REALThe RealReal, Inc.

$3B

Q2 2025 Earnings

Consumer Cyclical Luxury Goods

Income Statement

Revenue

$165M+14.0% YoY

Gross Profit

$123M74.3% margin

Operating Income

-$10M-6.0% margin

Net Income

-$11M-6.9% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$20M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$349M

Total Liabilities

$688M

Stockholders' Equity

-$338M

Cash & Equivalents

$94M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$165M	$145M	+14.0%
Gross Profit	$123M	$99M	+23.5%
Operating Income	-$10M	-$19M	+47.4%
Net Income	-$11M	-$17M	+32.0%

Revenue Segments

Service

$129M78%

Product

$20M12%

Shipping and Handling

$16M10%