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The RealReal REAL Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin74.6%+0.1pp74.5%+6.0pp68.5%+10.7pp57.8%-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 margin2.7%+0.6pp2.1%+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 turnover1.7×+0.3×1.4×+0.3×+0.2×0.9×+0.2×
Inventory turnover6.5×-0.2×6.7×+1.4×5.3×+0.8×4.5×+1.0×
Liquidity
Current ratio0.9×-0.1×0.9×-0.3×1.2×-0.5×1.8×-1.0×
Quick ratio0.7×-0.1×0.8×-0.3×1.1×-0.5×1.6×-0.8×
Cash ratio0.6×-0.1×0.8×-0.3×-0.4×1.4×-0.8×
Leverage
Debt-to-assets0.6×-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 / sales2.1×+1.2×+1.6×0.4×+0.2×0.2×-2.1×
EV / sales2.3×+1.2×2.1×+1.9×0.3×+0.3×-0×-1.8×
Free cash flow yield1.8%+4.3pp1.1%+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

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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.