Skip to content
OpenCapital
Get started

The RealReal REAL Q3 2025 earnings

Reported November 10, 2025 · After market close

Revenue$173.6MBeat by $4.5M
EPS-$0.49Miss by $0.43
Revenue estimate$169.0M
EPS estimate-$0.06

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$173.6M+17.5%
Gross profit$128.9M+16.4%
Operating income-$7.6M+48.3%
Net income-$54.1M-201%
EPS (diluted)-$0.49-188%

Balance sheet

See full
Cash & equivalents$123.3M-26.7%
Total debt$237.8M-12.5%
Total equity-$385.1M-11.5%
Total assets$366.2M-9.9%

Cash flow

See full
Operating cash flow$19.3M+113%
CapEx$2.4M-39.5%
Free cash flow$16.9M+235%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$1.22B+265%
Enterprise value$1.34B+205%
P/S1.8×+1.3×

Profitability

See full
Gross margin74.5%+0.1pp
Operating margin-5.3%-1.9pp
Net margin-10.8%-2.4pp
FCF margin-0.7%-0.3pp

Returns & leverage

See full
Current ratio0.8×-0.1×

Segments

By product

See full
Consignment revenue$134.4M+15.0%
Shipping services revenue$16.2M+6.5%

By segment

See full
Reportable Segment$173.6M+17.5%

Versus estimates

Revenue

Q1 2026$189.7MBeat by $1.9MQ4 2025$194.1MBeat by $5.3M
Q3 2025$173.6MBeat by $4.5M
Q2 2025$165.2MMiss by $4.2MQ1 2025$160.0MBeat by $359.6KQ4 2024$164.0MMiss by $159.6K

Diluted EPS

Q1 2026-$0.01In lineQ4 2025$0.06Beat by $0.02
Q3 2025-$0.49Miss by $0.43
Q2 2025-$0.13Beat by $0.02Q1 2025-$0.14Miss by $0.01Q4 2024-$0.62Miss by $0.59

Ask the moment The RealReal reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did The RealReal report Q3 2025 earnings?
The RealReal (REAL) reported Q3 2025 earnings on November 10, 2025 after market close.
What were The RealReal's Q3 2025 revenue and EPS?
The RealReal reported revenue of $173.6M and eps of $-0.49 for Q3 2025.
Did The RealReal beat estimates in Q3 2025?
Revenue beat the consensus estimate of $169.0M by $4.5M. EPS missed the consensus estimate of $-0.06 by $0.43.
How did The RealReal's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 17.5% from $147.8M a year earlier and eps declined 444.4% from $-0.09.
Where can I find The RealReal's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001573221-25-000076) and the 10-Q periodic report (0001573221-25-000078) directly on SEC EDGAR. The filing index links above go to sec.gov.