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The RealReal REAL Inventory write-downs

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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+160%
Enterprise value$1.64B+131%
P/S2.1×+1.2×

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:InventoryWriteDown.

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 inventory write-downs?
The RealReal (REAL) reported inventory write-downs of $936K in Q1 2026.
How has The RealReal's inventory write-downs changed year-over-year?
The RealReal's inventory write-downs increased by 78.3% year-over-year, from $525K to $936K.
What is the long-term trend for The RealReal's inventory write-downs?
Over 3 years (2021 to 2025), The RealReal's inventory write-downs has grown at a 63.4% compound annual growth rate (CAGR), from $510K to $2.23M.
What does inventory write-downs mean?
This reflects the non-cash charge taken when the carrying value of inventory exceeds its net realizable value due to obsolescence, damage, or market price declines. It serves as an indicator of inventory management quality and potential issues with product demand or valuation. High levels of write-downs may signal inefficiencies in procurement or merchandising strategies.