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The RealReal REAL Consignment revenue — Total Cost of Revenue

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Other financials

Income statement

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Revenue$189.7M+18.5%
Gross profit$141.3M+17.8%
Operating income-$2.3M+82.2%
Net income$38.9M-37.6%
EPS (diluted)-$0.07+50.0%

Balance sheet

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Cash & equivalents$138.8M-10.2%
Total debt$233.4M-13.4%
Total equity-$359.4M-6.9%
Total assets$385.9M-3.6%

Cash flow

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Operating cash flow-$16.6M+41.2%
CapEx$7.5M+58.5%
Free cash flow-$24.1M+26.9%

Valuation

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Market cap$1.55B+169%
Enterprise value$1.64B+138%
P/S2.1×+1.2×

Profitability

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Gross margin74.5%-0.2pp
Operating margin-5.3%-1.9pp
Net margin-9%+5.3pp
FCF margin3.8%+2.7pp

Returns & leverage

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Return on equity-178.6%
Debt / equity2.2×
Current ratio0.8×0.0×

Where this comes from

Reported directly by The RealReal in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: The RealReal’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The RealReal's consignment revenue — total cost of revenue?
The RealReal (REAL) reported consignment revenue — total cost of revenue of $15.45M in Q1 2026.
How has The RealReal's consignment revenue — total cost of revenue changed year-over-year?
The RealReal's consignment revenue — total cost of revenue increased by 19.2% year-over-year, from $12.95M to $15.45M.
What is the long-term trend for The RealReal's consignment revenue — total cost of revenue?
Over 3 years (2022 to 2025), The RealReal's consignment revenue — total cost of revenue has grown at a -7.4% compound annual growth rate (CAGR), from $71.28M to $56.58M.
What does consignment revenue — total cost of revenue mean?
This metric captures the direct costs associated with generating revenue within the consignment segment, including expenses related to authentication, logistics, and customer support for consigned inventory. It serves as a measure of the operational efficiency and variable costs required to maintain the marketplace's quality standards and service levels. Monitoring this cost helps assess the scalability of the consignment model and the impact of operational overhead on segment-level profitability.