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REALThe RealReal, Inc.
$10.93$3.2B
Overview & Verdict
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REAL logoThe RealReal, Inc.(REAL)Earnings, Financials & Key Ratios

REAL•NASDAQ
$10.93
Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryLuxury GoodsSub-IndustryLuxury Retail and Marketplaces
AboutThe 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.Show more
  • Revenue$693M+15.4%
  • EBITDA$9M+138.8%
  • Net Income-$42M+68.9%
  • EPS (Diluted)-0.68+45.2%
  • Gross Margin69.83%-6.3%
  • EBITDA Margin1.31%+133.6%
  • Operating Margin-3.45%+63.3%
  • Net Margin-6.03%+73.0%

REAL Price & Volume

The RealReal, Inc. (REAL) stock price & volume — 10-year historical chart

Loading chart...

Revenue Growth Accelerates Amid Persistent Operating Leverage

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:High Operating Leverage Sensitivity

Key Thesis Takeaways

  • The RealReal is successfully pivoting toward higher-margin consignment volume, evidenced by a revenue growth rate that accelerated to 18.5% in 2026Q1.
  • However, the company continues to struggle with achieving sustainable operating leverage, as evidenced by a -1.2% operating margin and a reliance on non-operating items to drive net income.
  • Investors should remain cautious given the deeply negative equity position of -$359.4 million and the ongoing volatility in free cash flow generation.

Verdict Logic

while top-line growth has accelerated to 18.5%, the company's current ratio of 0.84 and persistent negative equity of -$359.4 million suggest significant long-term solvency risks that warrant further investigation.

REAL Growth Metrics

The RealReal, Inc. (REAL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years18.23%
3 Years4.71%
TTM17.16%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-60.35%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-123.73%

Return on Capital

10 Years-112.32%
5 Years-34.37%
3 Years-30.35%
Last Year-15%

REAL Recent Earnings

The RealReal, Inc. (REAL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.01+0.0%
$0.01
Rev
$190M+1.0%
$188M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.06+50.0%
$0.04
Rev
$194M+2.8%
$189M
Q4 2025
Nov 10, 2025
Metric
Actual
Est
EPS
$0.49-708.2%
$0.06
Rev
$174M+2.7%
$169M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.13+13.3%
$0.15
Rev
$165M-2.5%
$169M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.01vs $0.01+0.0%
$190Mvs $188M+1.0%
Q1 2026Feb 26, 2026
$0.06vs $0.04+50.0%
$194Mvs $189M+2.8%
Q4 2025Nov 10, 2025
$0.49vs $0.06-708.2%
$174Mvs $169M+2.7%
Q3 2025Aug 7, 2025
$0.13vs $0.15+13.3%
$165Mvs $169M-2.5%
Based on last 12 quarters of dataView full earnings history →

Latest REAL News

Recent stock market news and headlines for The RealReal, Inc. (REAL)

The Motley Fool·Jun 17, 2026
The RealReal vs. RH: Which Consumer Stock Is a Better Buy in 2026?

The RealReal dominates the luxury resale market through a proprietary authentication process and a growing member base of over 40 million. RH is successfully transforming into a luxury lifestyle brand by integrating high-end galleries with hospitality and international expansion.

Peers Comparison

Key metrics vs top competitors for The RealReal, Inc. (REAL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
REAL logoREALThe RealReal, Inc.Current
$10.93$3.17B-16.0715.38%-6.03%——
EBAY logoEBAYeBay Inc.
$114.71$52.42B26.437.95%17.58%44.12%—
ETSY logoETSYEtsy, Inc.
$77.59$7.36B55.822.68%9.94%——
UPS logoUPSUnited Parcel Service, Inc.
$111.96$95.13B17.07-2.49%5.94%32.98%—
FDX logoFDXFedEx Corporation
$312.88$74.66B16.877.73%4.68%15.11%—
SHOP logoSHOPShopify Inc.
$121.88$158.16B129.6630.14%10.77%10.52%—

Compare REAL vs Peers

The RealReal, Inc. (REAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EBAY

Most directly comparable listed peer for REAL.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare REAL against a more recognizable public peer.

Peer Set

Compare Top 5

vs EBAY, ETSY, UPS, FDX

REAL SEC Filings & Documents

The RealReal, Inc. (REAL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Mar 9, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 26, 2026·SEC

10-Q Quarterly Reports

3
FY 2026

May 7, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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REAL Frequently Asked Questions

The RealReal, Inc. (REAL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is The RealReal, Inc.'s revenue?

The RealReal, Inc. (REAL) reported $722.5M in revenue for fiscal year 2025. This represents a 425% increase from $137.5M in 2017.

How fast is The RealReal, Inc. growing?

The RealReal, Inc. (REAL) grew revenue by 15.4% over the past year. This is strong growth.

Is REAL profitable?

The RealReal, Inc. (REAL) reported a net loss of $65.3M for fiscal year 2025.

Dividend & Returns
What is The RealReal, Inc.'s free cash flow?

The RealReal, Inc. (REAL) generated $12.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in REAL back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →