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Other financials

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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Operating cash flow-$16.6M+41.2%
Free cash flow-$2.4M+78.8%

Valuation

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Market cap$1.54B+137%
Enterprise value$1.64B+110%
P/S2.1×+1.0×

Profitability

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Gross margin74.5%-0.1pp
Operating margin-5.3%-1.9pp
Net margin-10.8%+201pp
FCF margin4.8%+3.6pp

Returns & leverage

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Return on equity-178.6%
Debt / equity2.2×
Current ratio0.8×0.0×

Where this comes from

Reported directly by The RealReal in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: The RealReal’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:12 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001573221-26-000053
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Cash flow from investing activities:
Insurance proceeds related to warehouse fire2,309
Capitalized proprietary software development costs(6,837)(6,483)
Purchases of property and equipment(11,502)(12,518)
Net cash used in investing activities(18,339)(16,692)
Cash flow from financing activities:
Proceeds from exercise of stock options308114
Taxes paid related to restricted stock vesting(109)(83)

Item 1. Financial Statements (Unaudited)

FAQ

What is The RealReal's capex?
The RealReal (REAL) reported capex of $4.03M in Q2 2026.
How has The RealReal's capex changed year-over-year?
The RealReal's capex decreased by 48.4% year-over-year, from $7.8M to $4.03M.
What is the long-term trend for The RealReal's capex?
Over 4 years (2021 to 2025), The RealReal's capex has grown at a -16.0% compound annual growth rate (CAGR), from $37.47M to $18.64M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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