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%-0.2pp	74.6%+0.1pp	74.5%+0.1pp	74.6%+1.3pp	74.6%+3.2pp
Net margin	-9%-2.4pp	-6%+16.3pp	-10.8%+4.3pp	-5.6%+10.8pp	-6.6%+14.6pp
EBITDA margin	-2.5%+0.4pp	-4.1%-0.2pp	-0.3%+6.5pp	-1.4%+7.0pp	-2.9%+9.8pp
Free cash flow margin	3.8%+6.2pp	2.7%+0.6pp	-0.7%+1.1pp	-2.6%+3.1pp	-2.4%+8.6pp
Returns
Return on assets	-16.6%-6.8pp	-10%+20.8pp	-18.5%+1.9pp	-9.3%+12.0pp	-9.8%+15.0pp
Efficiency
Asset turnover	1.8×+0.4×	1.7×+0.3×	1.7×+0.4×	1.7×+0.4×	1.5×+0.3×
Inventory turnover	6.1×-0.5×	6.5×-0.2×	6.8×+0.2×	6.5×+0.1×	6.6×+0.5×
Liquidity
Current ratio	0.8×0.0×	0.9×-0.1×	0.8×-0.1×	0.8×-0.2×	0.9×-0.3×
Quick ratio	0.7×-0.1×	0.7×-0.1×	0.7×-0.2×	0.7×-0.2×	0.8×-0.3×
Cash ratio	0.6×-0.1×	0.6×-0.1×	0.5×-0.2×	0.5×-0.2×	0.6×-0.3×
Leverage
Debt-to-assets	0.6×-0.1×	0.6×-0.1×	0.6×0.0×	0.7×0.0×	0.7×+0.1×
Interest coverage	-1.8×+0.4×	-2.2×+0.4×	-1.3×+2.6×	-1.7×+3.7×	-2.1×+6.5×
Per Share
Book value per share	-$2.86-2.7%	-$3.57+5.6%	-$3.30-7.3%	-$2.83+6.2%	-$2.78+10.5%
Valuation
Market capitalization	$1.55B+169%	$1.84B+53.6%	$1.22B+265%	$549.64M+63.8%	$599.62M+45.8%
Enterprise value	$1.64B+138%	$1.91B+48.9%	$1.34B+205%	$678.42M+51.8%	$714.75M+47.8%
Price / sales	2.1×+1.2×	2.7×+0.7×	1.8×+1.3×	0.9×+0.3×	1×+0.2×
EV / sales	2.3×+1.2×	2.8×+0.6×	2×+1.3×	1.1×+0.3×	1.2×+0.3×
Free cash flow yield	1.8%+4.3pp	1%-0.1pp	-0.4%+2.7pp	-3%+6.6pp	-2.5%+12.3pp
Earnings yield	-4.2%+2.9pp	-2.3%+8.9pp	-5.8%+20.2pp	-6.4%+21.1pp	-6.8%+21.7pp

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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.