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The RealReal

REAL

The RealReal operates the world's largest online marketplace for authenticated, resale luxury goods.

Market cap
$1.4B+132%
Revenue$722.5M+17.2%
Net income-$65.3M-60.4%
Free cash flow$27.3M+284%
EPS (diluted)-$1.01+11.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$187.8M
EPS estimate-$0.02

Financials

Q1 2026

Income statement

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Revenue$189.7M+18.5%
Gross profit$141.3M+17.8%
Operating income-$2.3M+82.2%
Net income$38.9M-37.6%
EPS (diluted)-$0.07+50.0%

Balance sheet

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Cash & equivalents$138.8M-10.2%
Total debt$233.4M-13.4%
Total equity-$359.4M-6.9%
Total assets$385.9M-3.6%

Cash flow

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Operating cash flow-$16.6M+41.2%
CapEx$7.5M+58.5%
Free cash flow-$24.1M+26.9%

Valuation & ratios

Valuation

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Market cap$1.4B+132%
Enterprise value$1.5B+95.3%
P/S1.9×+0.9×

Profitability

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Gross margin74.5%-0.2pp
Net margin-9%+5.3pp
FCF margin3.8%+2.7pp

Returns & leverage

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Current ratio0.8×0.0×

Segments

By product

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Consignment revenue$145.9M+17.8%
Shipping services revenue$18.0M+14.3%

By segment

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Reportable Segment$189.7M+18.5%

Competitors

Profile

The RealReal operates the world's largest online marketplace for authenticated, resale luxury goods. The company provides an end-to-end service that unlocks supply from consignors and creates a trusted, curated platform for global buyers, focusing on sustainability through the recirculation of high-end fashion and jewelry.

Competitive position

The RealReal is the market leader in authenticated luxury resale, leveraging a significant scale advantage and a proprietary authentication process to solve trust issues in a fragmented market.

GeographiesUnited States, Global
Customer segmentsHigh-net-worth Individuals, Eco-conscious Consumers, Luxury Fashion Enthusiasts
Business modelTwo-sided Marketplace, Consignment, Omnichannel Retail
SuppliersIndividual luxury item owners, Authentication experts, Logistics and shipping providers, Technology infrastructure providers
CustomersGlobal luxury consumers, Fashion collectors, Sustainability-focused shoppers
Listed2019
Employees3.0K
CEORati Sahi Levesque
IndustryLuxury Goods
FilingsSEC EDGAR

Questions, answered.

What is The RealReal's market cap?
The RealReal (REAL) has a market capitalization of $1.4B and trades on NASDAQ.
What is The RealReal's revenue and profitability?
The RealReal generated $722.5M in trailing twelve-month revenue with a net loss of $65.3M, representing a net margin of -9.0%. Gross margin stands at 74.5%, with free cash flow of $27.3M. These figures are based on the Q1 2026 filing.
Who are The RealReal's competitors?
The RealReal's key competitors include ThredUp, eBay, Envela Corporation, and others. These companies compete in similar markets and product categories.
Who does The RealReal partner with?
The RealReal's notable partners include Cartier, Chanel, Gucci, and others.
Where is The RealReal headquartered?
The RealReal is headquartered in United States of America and employs approximately 3,032 people. It has been publicly traded since 2019.