REAL Q3 2025 Earnings — The RealReal, Inc. Revenue & Financial Results | Market Cap Arena

REALThe RealReal, Inc.

$3B

Q3 2025 Earnings

Consumer Cyclical Luxury Goods

Income Statement

Revenue

$174M+17.5% YoY

Gross Profit

$129M74.3% margin

Operating Income

-$8M-4.3% margin

Net Income

-$54M-31.1% margin

EPS (Diluted)

$-0.48

QoQ Revenue Growth

+5.1%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$14M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$366M

Total Liabilities

$751M

Stockholders' Equity

-$385M

Cash & Equivalents

$108M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$174M	$148M	+17.5%
Gross Profit	$129M	$111M	+16.4%
Operating Income	-$8M	-$15M	+48.3%
Net Income	-$54M	-$18M	-201.3%

Revenue Segments

Service

$134M77%

Product

$23M13%

Shipping and Handling

$16M9%