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The RealReal REAL Operating Income

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Other financials

Income statement

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Revenue$189.7M+18.5%
Gross profit$141.3M+17.8%
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 us-gaap:OperatingIncomeLoss.

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 operating income?
The RealReal (REAL) reported operating income of -$2.27M in Q1 2026.
How has The RealReal's operating income changed year-over-year?
The RealReal's operating income increased by 82.2% year-over-year, from -$12.77M to -$2.27M.
What is the long-term trend for The RealReal's operating income?
Over 3 years (2021 to 2024), The RealReal's operating income has grown at a -35.9% compound annual growth rate (CAGR), from -$214.91M to -$56.5M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.