The RealReal REAL Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 74.6%+0.1pp | 74.5%+6.0pp | 68.5%+10.7pp | 57.8%-0.7pp | |
| Net margin | -6%+16.3pp | -22.3%+8.3pp | -30.7%+1.9pp | -32.6%+17.9pp | |
| EBITDA margin | -4.1%-0.2pp | -3.9%+20.6pp | -24.5%+2.3pp | -26.8%+14.2pp | |
| Free cash flow margin | 2.7%+0.6pp | 2.1%+19.8pp | -17.7%+1.2pp | -19%+19.4pp | |
| Returns | |||||
| Return on assets | -10%+20.8pp | -30.9%+0.9pp | -31.7%-3.0pp | -28.7%+6.1pp | |
| Efficiency | |||||
| Asset turnover | 1.7×+0.3× | 1.4×+0.3× | 1×+0.2× | 0.9×+0.2× | |
| Inventory turnover | 6.5×-0.2× | 6.7×+1.4× | 5.3×+0.8× | 4.5×+1.0× | |
| Liquidity | |||||
| Current ratio | 0.9×-0.1× | 0.9×-0.3× | 1.2×-0.5× | 1.8×-1.0× | |
| Quick ratio | 0.7×-0.1× | 0.8×-0.3× | 1.1×-0.5× | 1.6×-0.8× | |
| Cash ratio | 0.6×-0.1× | 0.8×-0.3× | 1×-0.4× | 1.4×-0.8× | |
| Leverage | |||||
| Debt-to-assets | 0.6×-0.1× | 0.6×+0.4× | 0.3×0.0× | 0.2×0.0× | |
| Interest coverage | -2.2×+0.4× | -2.6×+12.9× | -15.5×+2.5× | -18.1×-8.1× | |
| Per Share | |||||
| Book value per share | -$3.57+5.6% | -$3.78-26.8% | -$2.98-68.0% | -$1.77-322% | |
| Valuation | |||||
| Market capitalization | $1.55B+169% | $1.2B+474% | $208.91M+70.4% | $122.58M-88.6% | |
| Enterprise value | $1.64B+138% | $1.28B+795% | $143.24M+666% | -$25.32M-103% | |
| Price / sales | 2.1×+1.2× | 2×+1.6× | 0.4×+0.2× | 0.2×-2.1× | |
| EV / sales | 2.3×+1.2× | 2.1×+1.9× | 0.3×+0.3× | -0×-1.8× | |
| Free cash flow yield | 1.8%+4.3pp | 1.1%+47.6pp | -46.6%+46.8pp | -93.3%-76.6pp | |
| Earnings yield | -4.2%+2.9pp | -11.2%+69.4pp | -80.6%+79.6pp | -160.3%-138pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
