Company research
TheRealReal, Inc.
CIK 1573221Updated Sep 24, 2026
SecurityREAL · NASDAQ · equity
REAL price & chart
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NASDAQ:REAL on TradingView ↗About the company
The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, with more than 40 million members. With a rigorous authentication process overseen by experts, The RealReal provides a safe and reliable platform for consumers to buy and sell their luxury items. We have hundreds of in-house gemologists, horologists and brand authenticators who inspect thousands of items each day. As a sustainable company, we give new life to pieces by thousands of brands across numerous categories - including women’s and men’s fashion, fine jewelry and watches, art and home - in support of the circular economy. We make selling effortless with free virtual appointments, in-home pickup, drop-off and direct shipping. We handle all of the work for consignors, including authenticating, using AI and machine learning to determine optimal pricing, photographing and listing their items, as well as shipping and customer service.
In the news
The RealReal to Participate in Fireside Chat at the 38th Annual Roth Conference ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
4 filing
4 filing
SCHEDULE 13G - filed by Divisadero Street Capital Management, LP regarding TheRealReal, Inc.
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 409,033,000Source | 423,095,000Source | 446,923,000Source | 615,641,000Source |
| Property, Plant and Equipment, NetUSD | 96,148,000Source | 94,443,000Source | 104,087,000Source | 112,679,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 151,231,000Source | 172,212,000Source | 175,709,000Source | 293,793,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 23,822,000Source | 13,961,000Source | 17,226,000Source | 12,207,000Source |
| Inventory, NetUSD | 30,843,000Source | 23,583,000Source | 22,246,000Source | 42,967,000Source |
| Assets, CurrentUSD | 227,491,000Source | 232,669,000Source | 235,947,000Source | 372,258,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 21,595,000Source | 22,913,000Source | 20,766,000Source | 23,291,000Source |
| Operating Lease, Right-of-Use AssetUSD | 64,641,000Source | 75,714,000Source | 86,348,000Source | 127,955,000Source |
| Other Assets, NoncurrentUSD | 5,945,000Source | 5,358,000Source | 5,627,000Source | 2,749,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 824,551,000Source | 830,471,000Source | 750,222,000Source | 785,733,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 1,000Source | 1,000Source | 1,000Source | 1,000Source |
| Additional Paid in CapitalUSD | 880,107,000Source | 846,450,000Source | 816,325,000Source | 781,060,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,295,626,000Source | -1,253,827,000Source | -1,119,625,000Source | -951,153,000Source |
| Stockholders' Equity Attributable to ParentUSD | -415,518,000Source | -407,376,000Source | -303,299,000Source | -170,092,000Source |
| Liabilities and EquityUSD | 409,033,000Source | 423,095,000Source | 446,923,000Source | 615,641,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 264,240,000Source | 248,676,000Source | 188,862,000Source | 207,513,000Source |
| Operating Lease, Liability, CurrentUSD | 24,645,000Source | 22,835,000Source | 20,094,000Source | 20,776,000Source |
| Accounts Payable, CurrentUSD | 14,565,000Source | 11,004,000Source | 8,961,000Source | 11,902,000Source |
| Operating Lease, Liability, NoncurrentUSD | 66,793,000Source | 85,790,000Source | 104,856,000Source | 125,118,000Source |
| Other Liabilities, NoncurrentUSD | 7,352,000Source | 6,144,000Source | 4,083,000Source | 3,254,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 111,497,000Source | 89,718,000Source | 77,122,000Source | 81,543,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -196,445,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 33,004,000Source | 33,100,000Source | 31,695,000Source | 27,669,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 28,943,000Source | 29,082,000Source | 34,273,000Source | 46,138,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 12,468,000Source | -767,000Source | 6,981,000Source | 6,120,000Source |
| Increase (Decrease) in InventoriesUSD | 9,474,000Source | 3,677,000Source | -10,938,000Source | -28,048,000Source |
| Increase (Decrease) in Accounts PayableUSD | 1,613,000Source | 910,000Source | -425,000Source | 4,947,000Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 37,010,000Source | 26,846,000Source | -61,268,000Source | -91,557,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -29,224,000Source | -25,587,000Source | -42,128,000Source | -36,922,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 18,644,000Source | 14,248,000Source | 29,177,000Source | 22,861,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 160,000Source | 1,646,000Source | 679,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -28,870,000Source | -4,759,000Source | 226,000Source | 4,101,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -21,084,000Source | -3,500,000Source | -103,170,000Source | -124,378,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 166,039,000Source | 187,123,000Source | 190,623,000Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 17,463,000Source | 10,680,000Source | 8,127,000Source | 8,104,000Source |
| Income Taxes Paid, NetUSD | 331,000Source | 200,000Source | 227,000Source | 256,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 28,943,000Source | 29,082,000Source | 34,273,000Source | 46,138,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | — | -702,000Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | 738,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 40,785,000Source | 4,177,000Source | — | — |
| Income Tax Expense (Benefit)USD | 363,000Source | 276,000Source | 283,000Source | 172,000Source |
| InterestExpenseNonoperatingUSD | 27,701,000Source | 21,384,000Source | — | — |
| Inventory Write-downUSD | 2,214,000Source | 2,590,000Source | 9,783,000Source | 3,700,000Source |
| Investment Income, InterestUSD | 4,257,000Source | 7,943,000Source | 8,805,000Source | 3,191,000Source |
| Net Income (Loss) Attributable to ParentUSD | -41,799,000Source | -134,202,000Source | -168,472,000Source | -196,445,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -41,799,000Source | -134,202,000Source | -168,472,000Source | -196,445,000Source |
| Operating ExpensesUSD | 540,756,000Source | 504,016,000Source | 542,571,000Source | 537,854,000Source |
| Operating Lease, Impairment LossUSD | 0Source | 0Source | 31,100,000Source | — |
| Other Nonoperating Income (Expense)USD | 926,000Source | 0Source | 0Source | 171,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | 886,000Source | 1,400,000Source |
| Proceeds from Stock Options ExercisedUSD | 1,030,000Source | 376,000Source | 19,000Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | 0Source | 0Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 692,845,000Source | 600,484,000Source | 549,304,000Source | 603,493,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 201,589,000Source | 187,737,000Source | 182,453,000Source | 195,160,000Source |
| Operating Income (Loss)USD | -23,934,000Source | -56,495,000Source | -166,293,000Source | -189,163,000Source |
| Other Nonoperating Income (Expense)USD | 926,000Source | 0Source | 0Source | 171,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -41,436,000Source | -133,926,000Source | -168,189,000Source | -196,273,000Source |
| Income Tax Expense (Benefit)USD | 363,000Source | 276,000Source | 283,000Source | 172,000Source |
| Net Income (Loss) Attributable to ParentUSD | -41,799,000Source | -134,202,000Source | -168,472,000Source | -196,445,000Source |
| Earnings Per Share, BasicUSD per share | -0.36Source | -1.24Source | -1.65Source | -2.05Source |
| Earnings Per Share, DilutedUSD per share | -0.7Source | -1.24Source | -1.65Source | -2.05Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 114,871,414Source | 107,878,366Source | 101,806,000Source | 95,921,246Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 116,512,265Source | 107,878,366Source | 101,806,000Source | 95,921,246Source |
| Interest Expense (non-operating)USD | 27,701,000Source | 21,384,000Source | — | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 363,000Source | 276,000Source | 283,000Source | 172,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 32,900,000Source | 32,700,000Source | 31,000,000Source | 26,900,000Source |
| Gross ProfitUSD | 516,822,000Source | 447,521,000Source | 376,278,000Source | 348,691,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -41,436,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 10,701,000Source | 10,472,000Source |
| Investment Income, InterestUSD | 4,257,000Source | 7,943,000Source | 8,805,000Source | 3,191,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -41,799,000Source | -134,202,000Source | -168,472,000Source | -196,445,000Source |
| Operating ExpensesUSD | 540,756,000Source | 504,016,000Source | 542,571,000Source | 537,854,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 0Source | 0Source | — | — |
Filing attachments
d70429dex991.htm · 8-K · 2025-08-21
EX-99.1 3 d70429dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 The RealReal Strengthens Capital Structure and Reduces Total Debt Through Add-on Debt Exchange Transactions SAN FRANCISCO, August 21, 2025 - The RealReal (Nasdaq: REAL) (the “Company”) - the world’s largest online marketplace for authenticated, resale luxury goods - today announced its entry into additional strategic debt exchange transactions with certain holders of its 1.00% Convertible Senior Notes due 2028 (the “2028 Notes”) for…
Read attachment ↗d929762dex41.htm · 8-K · 2025-02-10
EX-4.1 2 d929762dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 EXECUTION VERSION THE REALREAL, INC. AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee INDENTURE Dated as of February 10, 2025 4.00% Convertible Senior Notes due 2031 ARTICLE 1 DEFINITIONS Section 1.01. Definitions 1 Section 1.02. …
Read attachment ↗d929762dex991.htm · 8-K · 2025-02-10
EX-99.1 4 d929762dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 The RealReal Reports Strong Preliminary Fourth Quarter and Full Year 2024 Results; Projects Profitable Growth for 2025; Completes Strategic Debt Exchange Strengthening its Financial Position SAN FRANCISCO, February 10, 2025 - The RealReal (Nasdaq: REAL) - the world’s largest online marketplace for authenticated, resale luxury goods - today provided preliminary unaudited financial results for the fourth quarter and full year ended De…
Read attachment ↗