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The RealReal REAL Total Operating Expenses

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Segments

By segment

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Reportable Segment$143.61M+8.1%

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+160%
Enterprise value$1.64B+131%
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:OperatingExpenses.

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 total operating expenses?
The RealReal (REAL) reported total operating expenses of $143.61M in Q1 2026.
How has The RealReal's total operating expenses changed year-over-year?
The RealReal's total operating expenses increased by 8.1% year-over-year, from $132.79M to $143.61M.
What is the long-term trend for The RealReal's total operating expenses?
Over 4 years (2021 to 2025), The RealReal's total operating expenses has grown at a 2.6% compound annual growth rate (CAGR), from $488.39M to $540.76M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.