What are The RealReal's profit margins?

The RealReal (REAL) runs a 74.5% gross margin and a -5.3% operating margin, with a -9.0% net margin.

Where do The RealReal's ratios come from?

Every ratio is computed from The RealReal's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

The RealReal REAL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	74.5%-0.1pp	74.6%+0.1pp	74.5%-0.2pp	74.6%0.0pp	74.6%+0.1pp
Net margin	-9%-3.0pp	-6%+4.8pp	-10.8%-5.2pp	-5.6%+1.0pp	-6.6%+15.7pp
Efficiency
Asset turnover	1.8×+0.2×	1.7×-0.1×	1.7×0.0×	1.7×+0.2×	1.5×+0.1×
Liquidity
Current ratio	0.8×0.0×	0.9×+0.1×	0.8×0.0×	0.8×-0.1×	0.9×-0.1×
Per Share
Book value per share	-$2.86+19.8%	-$3.57-8.2%	-$3.30-16.5%	-$2.83-1.7%	-$2.78+26.3%
Valuation
Market capitalization	$1.55B+169%	$1.84B+50.3%	$1.22B+123%	$549.64M-8.3%	$599.62M-50.0%
Price / sales	2.1×+1.2×	2.7×+0.8×	1.8×+1.0×	0.9×-0.1×	1×-1.0×

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Questions, answered.

What are The RealReal's profit margins?: The RealReal (REAL) runs a 74.5% gross margin and a -5.3% operating margin, with a -9.0% net margin.
Where do The RealReal's ratios come from?: Every ratio is computed from The RealReal's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.