The RealReal, Inc.
REAL
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- The luxury goods market is experiencing a resurgence, with increasing consumer demand for high-end products, positioning The RealReal to benefit from this trend.
- The RealReal reported a revenue increase of 2% compared to the prior quarter, reaching $193 million.
- The company's gross margin remains strong at 74.4%, indicating effective cost management despite challenges.
- The RealReal faces significant competition in the luxury resale market, which could impact its market share and profitability.
- The company has a negative profit margin of -10.82%, reflecting ongoing financial struggles.
- In 2025, The RealReal reported a net income loss of $41.8 million, highlighting persistent profitability challenges.
Fundamentals
| Market cap | $1.17B | Enterprise value | $1.51B | Trailing P/E | — | Forward P/E | 32.89 |
| PEG | — | Price / book | -3.10 | Beta | 2.81 | Dividend yield | 0.00% |
| Revenue growth | 16.6% | Earnings growth | — | Gross margin | 74.5% | Operating margin | -1.2% |
| Profit margin | -10.8% | ROE | — | ROA | -1.0% | Debt / equity | — |
| Current ratio | 0.83 | Free cash flow | $35.17M | Analyst recommendation | strong_buy | Mean target | $18.00 |
| 52w high | $17.39 | 52w low | $8.05 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $193M | $190M | $194M | $174M | $165M | — |
| Op margin | -1.2% | -1.2% | 3.2% | -4.3% | -6.0% | — |
| Net income | -$27.2M | $38.9M | -$38.8M | -$54.1M | -$11.4M | — |
| Gross margin | 74.4% | 74.5% | 74.8% | 74.3% | 74.3% | — |
| Gross profit | $143M | $141M | $145M | $129M | $123M | — |
| Operating income | -$2.3M | -$2.3M | $6.3M | -$7.5M | -$9.9M | — |
- Revenue +2% vs prior quarter ($193M vs $190M).
- Gross margin 74.4% (was 74.5% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $693M | $600M | $549M | $603M | — |
| Op margin | -3.5% | -9.4% | -22.4% | -31.2% | — |
| Net income | -$41.8M | -$134M | -$168M | -$196M | — |
| Gross margin | 74.6% | 74.5% | 68.5% | 57.8% | — |
| Gross profit | $517M | $448M | $376M | $349M | — |
| Operating income | -$23.9M | -$56.3M | -$123M | -$188M | — |
Headlines — positive tone
• [OK · fundamentals] All You Need to Know About The RealReal (REAL) Rating Upgrade to Buy
News
2026-10-08 · Is RealReal (REAL) Cheap Following CEO Comments On AI And Resale Growth?
2026-10-08 · Analyzing Price-to-Fundamentals Divergence in The RealReal (REAL)
2026-10-08 · RealReal Expands Ask TRR AI Shopping Agent
2026-10-08 · The RealReal Expands Ask TRR AI Shopping Agent With Google Cloud's Gemini Enterprise
2026-09-23 · RealReal (REAL) Could Be 43% Undervalued As New Stores Test Its Next Growth Phase
2026-09-23 · How Brick-and-Mortar Luxury Resale Expansion At RealReal (REAL) Has Changed Its Investment Story
2026-09-19 · The RealReal (REAL) Bets on Glendale to Capture Growing Vintage Demand
2026-09-19 · How Silicon Valley helped turn secondhand fashion into a $240-billion boom
2026-09-16 · THE REALREAL OPENS FIRST MASSACHUSETTS STORE IN CHESTNUT HILL
2026-09-13 · The RealReal (REAL) Posts Record Sales, But The Losses Keep Growing
2026-09-09 · The RealReal Expands Los Angeles Presence with New Glendale Store
2026-09-02 · SharkNinja's Category Strength Fuels Growth Across Product Portfolio
Price (daily)
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