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The RealReal REAL Site credit and gift card liability

Site credit and gift card liability at other companies

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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:SiteCreditAndGiftCardLiability.

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 site credit and gift card liability?
The RealReal (REAL) reported site credit and gift card liability of $21.41M in Q1 2026.
How has The RealReal's site credit and gift card liability changed year-over-year?
The RealReal's site credit and gift card liability increased by 33.7% year-over-year, from $16.01M to $21.41M.
What is the long-term trend for The RealReal's site credit and gift card liability?
Over 3 years (2022 to 2025), The RealReal's site credit and gift card liability has grown at a 15.4% compound annual growth rate (CAGR), from $13.22M to $20.3M.
What does site credit and gift card liability mean?
This liability represents the value of outstanding store credits and gift cards that customers have not yet redeemed. It acts as a form of deferred revenue, indicating future purchasing activity on the platform. Monitoring this helps gauge customer loyalty and the potential for future gross merchandise volume.