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The RealReal REAL Business Segments — Occupancy expense

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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:OccupancyNet.

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 business segments — occupancy expense?
The RealReal (REAL) reported business segments — occupancy expense of $8.89M in Q1 2026.
How has The RealReal's business segments — occupancy expense changed year-over-year?
The RealReal's business segments — occupancy expense decreased by 6.1% year-over-year, from $9.46M to $8.89M.
What is the long-term trend for The RealReal's business segments — occupancy expense?
Over 3 years (2022 to 2025), The RealReal's business segments — occupancy expense has grown at a -4.9% compound annual growth rate (CAGR), from $44.91M to $38.66M.
What does business segments — occupancy expense mean?
Includes costs related to the leasing, maintenance, and utility expenses of physical facilities used by the segment. This metric indicates the overhead burden associated with the segment's physical footprint.