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The RealReal REAL Q2 2026 earnings

Reported August 6, 2026 · After market close

Revenue$192.6MBeat by $4.5M
EPS-$0.01Beat by $0.01
Revenue estimate$188.1M
EPS estimate-$0.02
The RealReal delivered a standout second quarter, with an all-time high quarterly GMV of $617 million, up 22% year-over-year. That marks our fourth consecutive quarter of GMV growth above 20%. Revenue grew 17% and we delivered nearly 300 basis points of Adjusted EBITDA margin expansion versus last year. We're upleveling the customer experience, deepening trust and compounding our advantages. Our buyers are spending more, our sellers are more engaged, and the platform connecting them gets smarter every quarter.
Rati Levesque

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$196.8M
EPS estimate$0.00

Financials

Q2 2026

Income statement

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Revenue$192.6M+16.6%
Gross profit$143.2M+16.7%
Operating income-$2.3M+76.9%
Net income-$27.2M-140%
EPS (diluted)-$0.23-76.9%

Balance sheet

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Cash & equivalents$133.9M+22.6%
Total debt$231.8M-2.6%
Total equity-$377.7M-11.7%
Total assets$378.3M+8.3%

Cash flow

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CapEx$4.0M-48.4%
Free cash flow-$2.4M+78.8%

Valuation & ratios

Valuation

as of 09/16/26
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Market cap$1.15B-1.0%
Enterprise value$1.25B-3.3%
P/S1.5×-0.3×

Profitability

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Gross margin74.5%-0.1pp
Net margin-10.8%+201pp
FCF margin4.8%+3.6pp

Returns & leverage

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Current ratio0.8×0.0×

Segments

By product

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Consignment revenue$148.2M+15.2%
Shipping services revenue$18.6M+15.5%

FAQ

When did The RealReal report Q2 2026 earnings?
The RealReal (REAL) reported Q2 2026 earnings on August 6, 2026 after market close.
What were The RealReal's Q2 2026 revenue and EPS?
The RealReal reported revenue of $192.6M and eps of $-0.01 for Q2 2026.
Did The RealReal beat estimates in Q2 2026?
Revenue beat the consensus estimate of $188.1M by $4.5M. EPS beat the consensus estimate of $-0.02 by $0.01.
How did The RealReal's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 16.6% from $165.2M a year earlier and eps grew 92.3% from $-0.13.
Where can I find The RealReal's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001573221-26-000052) and the 10-Q periodic report (0001573221-26-000053) directly on SEC EDGAR. The filing index links above go to sec.gov.