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The RealReal REAL Operating Lease Liabilities

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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%
CapEx$4.0M-48.4%
Free cash flow-$2.4M+78.8%

Valuation

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Market cap$1.5B+98.0%
Enterprise value$1.59B+80.2%
P/S+0.8×

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:OperatingLeaseLiabilityNoncurrent.

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 itemJune 30,2026December 31,2025
Operating lease liabilities, current portion23,09524,645
Other accrued and current liabilities100,274113,533
Total current liabilities233,480264,240
Operating lease liabilities, net of current portion64,40466,793
Convertible Senior Notes, net231,516230,833
Non-convertible notes, net144,293140,980
Warrant liability74,688114,353
Other noncurrent liabilities7,6367,352

Item 1. Financial Statements (Unaudited)

FAQ

What is The RealReal's operating lease liabilities?
The RealReal (REAL) reported operating lease liabilities of $64.4M in Q2 2026.
How has The RealReal's operating lease liabilities changed year-over-year?
The RealReal's operating lease liabilities decreased by 16.2% year-over-year, from $76.88M to $64.4M.
What is the long-term trend for The RealReal's operating lease liabilities?
Over 5 years (2020 to 2025), The RealReal's operating lease liabilities has grown at a -10.3% compound annual growth rate (CAGR), from $115.08M to $66.79M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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