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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
EBITDA margin	-2.5%+1.6pp	-4.1%-3.8pp	-0.3%+1.1pp	-1.4%+1.5pp	-2.9%+1.0pp
Free cash flow margin	3.8%+1.1pp	2.7%+3.3pp	-0.7%+1.9pp	-2.6%-0.2pp	-2.4%-4.5pp
Returns
Return on assets	-16.6%-6.6pp	-10%+8.5pp	-18.5%-9.2pp	-9.3%+0.4pp	-9.8%+21.1pp
Efficiency
Asset turnover	1.8×+0.2×	1.7×-0.1×	1.7×0.0×	1.7×+0.2×	1.5×+0.1×
Inventory turnover	6.1×-0.4×	6.5×-0.3×	6.8×+0.3×	6.5×-0.1×	6.6×-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×
Quick ratio	0.7×0.0×	0.7×+0.1×	0.7×0.0×	0.7×-0.1×	0.8×-0.1×
Cash ratio	0.6×-0.1×	0.6×+0.1×	0.5×0.0×	0.5×-0.1×	0.6×-0.1×
Leverage
Debt-to-assets	0.6×0.0×	0.6×-0.1×	0.6×0.0×	0.7×0.0×	0.7×0.0×
Interest coverage	-1.8×+0.4×	-2.2×-0.9×	-1.3×+0.3×	-1.7×+0.5×	-2.1×+0.5×
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+160%	$1.84B+50.3%	$1.22B+123%	$549.64M-8.3%	$599.62M-50.0%
Enterprise value	$1.64B+131%	$1.91B+42.4%	$1.34B+97.4%	$678.42M-5.1%	$714.75M-44.2%
Price / sales	2.1×+1.2×	2.7×+0.8×	1.8×+1.0×	0.9×-0.1×	1×-1.0×
EV / sales	2.2×+1.1×	2.8×+0.7×	2×+1.0×	1.1×-0.1×	1.2×-1.0×
Free cash flow yield	1.8%+4.4pp	1%+1.4pp	-0.4%+2.6pp	-3%-0.5pp	-2.5%-3.5pp
Earnings yield	-4.4%+2.7pp	-2.3%+3.6pp	-5.8%+0.6pp	-6.4%+0.4pp	-6.8%+4.4pp

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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.