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The RealReal REAL Business Segments — Software and purchased services

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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+80.2%
Enterprise value$1.64B+64.4%
P/S2.1×+0.7×

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 real:SoftwareAndPurchasedServicesExpenses.

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 — software and purchased services?
The RealReal (REAL) reported business segments — software and purchased services of $34.42M in Q1 2026.
How has The RealReal's business segments — software and purchased services changed year-over-year?
The RealReal's business segments — software and purchased services increased by 20.9% year-over-year, from $28.48M to $34.42M.
What is the long-term trend for The RealReal's business segments — software and purchased services?
Over 3 years (2022 to 2025), The RealReal's business segments — software and purchased services has grown at a 3.8% compound annual growth rate (CAGR), from $103.7M to $116.05M.
What does business segments — software and purchased services mean?
Reflects the costs associated with technology infrastructure, software subscriptions, and outsourced professional services required to support segment operations. It highlights the segment's reliance on digital tools and external expertise to maintain its platform.