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The RealReal REAL Shipping services revenue — Total Revenue

Other product segments

Consignment revenue
$148.22M+15.2%

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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$1.54B+137%
Enterprise value$1.64B+110%
P/S2.1×+1.0×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenue:
Consignment revenue$148,216$128,620$294,109$252,434
Direct revenue25,78720,49551,59540,949
Shipping services revenue18,56816,07336,58231,838
Total revenue192,571165,188382,286325,221
Cost of revenue:
Cost of consignment revenue16,07513,76131,52226,715
Cost of direct revenue20,40717,18540,69132,420

Item 1. Financial Statements (Unaudited)

FAQ

What is The RealReal's shipping services revenue — total revenue?
The RealReal (REAL) reported shipping services revenue — total revenue of $18.57M in Q2 2026.
How has The RealReal's shipping services revenue — total revenue changed year-over-year?
The RealReal's shipping services revenue — total revenue increased by 15.5% year-over-year, from $16.07M to $18.57M.
What is the long-term trend for The RealReal's shipping services revenue — total revenue?
Over 4 years (2021 to 2025), The RealReal's shipping services revenue — total revenue has grown at a 10.2% compound annual growth rate (CAGR), from $44.63M to $65.88M.
What does shipping services revenue — total revenue mean?
This metric represents the total gross revenue generated from shipping and logistics services provided to customers as part of the transaction process. It reflects the company's ability to monetize fulfillment operations and pass through delivery costs to the end consumer. Monitoring this stream helps assess the impact of shipping fees on overall platform conversion and customer retention.

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