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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

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

Financials

Q3 2025

Income statement

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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

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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

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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

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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

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Current ratio0.8×-0.1×

Segments

By product

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

FAQ

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.