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The RealReal REAL Shipping services revenue — Total Cost of Revenue

Other product segments

Consignment revenue
$16.08M+16.8%

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Other financials

Income statement

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Revenue$192.6M+16.6%
Gross profit$143.2M+16.7%
Operating income-$2.3M+76.9%
Net income-$27.2M-140%
EPS (diluted)-$0.23-76.9%

Balance sheet

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Cash & equivalents$133.9M+22.6%
Total debt$231.8M-2.6%
Total equity-$377.7M-11.7%
Total assets$378.3M+8.3%

Cash flow

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Operating cash flow-$16.6M+41.2%
CapEx$4.0M-48.4%
Free cash flow-$2.4M+78.8%

Valuation

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Market cap$1.5B+98.0%
Enterprise value$1.59B+80.2%
P/S+0.8×

Profitability

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Gross margin74.5%-0.1pp
Operating margin-5.3%-1.9pp
Net margin-10.8%+201pp
FCF margin4.8%+3.6pp

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 source filing: The RealReal’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:12 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001573221-26-000053
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of revenue:
Cost of consignment revenue16,07513,76131,52226,715
Cost of direct revenue20,40717,18540,69132,420
Cost of shipping services revenue12,88711,56625,53723,387
Total cost of revenue49,36942,51297,75082,522
Gross profit143,202122,676284,536242,699
Operating expenses:
Marketing18,38215,54836,93931,403

Item 1. Financial Statements (Unaudited)

FAQ

What is The RealReal's shipping services revenue — total cost of revenue?
The RealReal (REAL) reported shipping services revenue — total cost of revenue of $12.89M in Q2 2026.
How has The RealReal's shipping services revenue — total cost of revenue changed year-over-year?
The RealReal's shipping services revenue — total cost of revenue increased by 11.4% year-over-year, from $11.57M to $12.89M.
What is the long-term trend for The RealReal's shipping services revenue — total cost of revenue?
Over 4 years (2021 to 2025), The RealReal's shipping services revenue — total cost of revenue has grown at a 0.5% compound annual growth rate (CAGR), from $47.8M to $48.76M.
What does shipping services revenue — total cost of revenue mean?
This metric captures the direct costs associated with providing shipping and logistics services, including carrier fees, packaging materials, and fulfillment labor. It serves as a key indicator of the operational efficiency of the company's logistics network and its ability to manage variable fulfillment expenses. Analyzing this cost relative to shipping revenue highlights the margin profile of the company's delivery operations.

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