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The RealReal REAL Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$189.7MBeat by $1.9M
EPS-$0.01In line
Revenue estimate$187.8M
EPS estimate-$0.01

Next report

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

Financials

Q1 2026

Income statement

See full
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

as of 07/28/26
See full
Market cap$1.4B+120%
Enterprise value$1.5B+95.3%
P/S1.9×+0.9×

Profitability

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

Returns & leverage

See full
Current ratio0.8×0.0×

Segments

By product

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

By segment

See full
Reportable Segment$189.7M+18.5%

Versus estimates

Revenue

Q1 2026$189.7MBeat by $1.9M
Q4 2025$194.1MBeat by $5.3MQ3 2025$173.6MBeat by $4.5MQ2 2025$165.2MMiss by $4.2MQ1 2025$160.0MBeat by $359.6KQ4 2024$164.0MMiss by $159.6K

Diluted EPS

Q1 2026-$0.01In line
Q4 2025$0.06Beat by $0.02Q3 2025-$0.49Miss by $0.43Q2 2025-$0.13Beat by $0.02Q1 2025-$0.14Miss by $0.01Q4 2024-$0.62Miss by $0.59

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Questions, answered.

When did The RealReal report Q1 2026 earnings?
The RealReal (REAL) reported Q1 2026 earnings on May 7, 2026 after market close.
What were The RealReal's Q1 2026 revenue and EPS?
The RealReal reported revenue of $189.7M and eps of $-0.01 for Q1 2026.
Did The RealReal beat estimates in Q1 2026?
Revenue beat the consensus estimate of $187.8M by $1.9M. EPS beat the consensus estimate of $-0.01 by $0.00.
How did The RealReal's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.5% from $160.0M a year earlier and eps grew 92.9% from $-0.14.
Where can I find The RealReal's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001573221-26-000045) and the 10-Q periodic report (0001573221-26-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.