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The RealReal REAL Operations and technology

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Other financials

Income statement

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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

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Market cap$1.55B+80.2%
Enterprise value$1.64B+64.4%
P/S2.1×+0.7×

Profitability

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Gross margin74.5%-0.2pp
Operating margin-5.3%-1.9pp
Net margin-9%+5.3pp
FCF margin3.8%+2.7pp

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 real:OperationsAndTechnologyExpense.

The official record: The RealReal’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The RealReal's operations and technology?
The RealReal (REAL) reported operations and technology of $72.72M in Q1 2026.
How has The RealReal's operations and technology changed year-over-year?
The RealReal's operations and technology increased by 8.6% year-over-year, from $66.98M to $72.72M.
What is the long-term trend for The RealReal's operations and technology?
Over 4 years (2021 to 2025), The RealReal's operations and technology has grown at a 4.2% compound annual growth rate (CAGR), from $233.69M to $275.92M.
What does operations and technology mean?
This metric represents the aggregate costs associated with maintaining the digital infrastructure, platform development, and operational logistics required to support marketplace transactions. It captures investments in authentication technology, site maintenance, and the personnel necessary to manage the end-to-end supply chain of goods. Monitoring this expense provides insight into the scalability of the company's operational model and the efficiency of its technology-driven business processes.