TheRealReal, Inc. (REAL)
The RealReal, Inc. manages a digital platform dedicated to the online resale of luxury goods throughout the United States. Its diverse inventory encompasses a wide array of categories, such as clothing and accessories for women, men, and children, along with fine jewelry, watches, and home furnishings and art. This company was founded in 2011 and maintains its corporate headquarters in San Francisco, California.
Sector: Retail-Miscellaneous Retail
Industry: Luxury Goods
The RealReal, Inc.
NASDAQ:REALConsumer Cyclical · Luxury Goods
-2.46%$12.70
CLOSED · Nov 3Prev close$13.02-2.46%Close$12.70-1.97%AH close$12.45
AH$12.45-1.97%vs close
Mkt Cap$1.58B
Float118.3M
O/S124.71M
VOL4.71M sh
$ Vol$60.73M
RVOL1.15×
Inst Own90.8%
SI14.8%
EarningsNov 9 · in 5d
Dilution
Financials Summary
Revenue$692.85M
Net Income-$41.8M
Total Assets$409.03M
Free Cash Flow$18.37M
Debt & Equity
Debt 971%
Total Debt$463.25M
Total Equity-$415.52M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in REAL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$409.03M
Liabilities$824.55M
Accounts Receivable$23.82M
Accounts Payable$14.56M
Inventory$30.84M
PP&E (Net)$160.79M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $692.85M | $600.48M | $549.3M | $603.49M | $467.69M | $299.95M | $316.35M | $207.38M | $137.52M |
| YoY Growth | 15.4% | 9.3% | -9.0% | 29.0% | 55.9% | -5.2% | 52.6% | 50.8% | - |
| Cost of Revenue | $209.03M | $152.96M | $173.03M | $254.8M | $194.22M | $112.38M | $114.83M | $70.46M | $49.88M |
| Gross Profit | $483.82M | $447.52M | $376.28M | $348.69M | $273.48M | $187.57M | $201.52M | $136.92M | $87.64M |
| Gross Margin | 69.8% | 74.5% | 68.5% | 57.8% | 58.5% | 62.5% | 63.7% | 66.0% | 63.7% |
| Research and Development | $242.91M | $227.73M | $225.35M | $0 | $212.3M | $144.96M | $0 | $104.93M | $58.68M |
| Selling, General, and Administrative | $264.84M | $242.99M | $499.11M | $258.33M | $239.17M | $196.57M | $158.4M | $105.89M | $80.75M |
| Other | $0 | $33.3M | -$181.88M | $279.52M | $36.92M | $18.84M | $143.23M | $0 | $0 |
| Total Operating Expenses | $507.75M | $504.02M | $542.57M | $537.85M | $488.38M | $360.38M | $301.63M | $210.82M | $139.43M |
| Operating Income (EBIT) | -$23.93M | -$56.49M | -$166.29M | -$189.16M | -$214.91M | -$172.82M | -$100.11M | -$73.9M | -$51.78M |
| Operating Margin | -3.5% | -9.4% | -30.3% | -31.3% | -46.0% | -57.6% | -31.6% | -35.6% | -37.7% |
| Interest Expense | $27.7M | $21.38M | $10.7M | $10.47M | $21.53M | $5.26M | $616K | $1.15M | $762K |
| Interest Income | $4.26M | $7.94M | $8.8M | $3.19M | $365K | $2.52M | $4.59M | $1.05M | $355K |
| Other Income (Expense) | -$17.5M | -$77.43M | -$1.9M | -$7.11M | -$21.14M | -$2.92M | $1.88M | -$1.76M | -$467K |
| Income Before Tax (EBT) | -$41.44M | -$133.93M | -$168.19M | -$196.27M | -$236.05M | -$175.73M | -$98.23M | -$75.67M | -$52.25M |
| Income Tax Expense | $363K | $276K | $283K | $172K | $56K | $101K | $199K | $99K | $57K |
| Net Income | -$41.8M | -$134.2M | -$168.47M | -$196.44M | -$236.11M | -$175.83M | -$98.43M | -$75.77M | -$52.31M |
| Net Income Margin | -6.0% | -22.3% | -30.7% | -32.6% | -50.5% | -58.6% | -31.1% | -36.5% | -38.0% |
| Supplementary Data | |||||||||
| EPS | -0.36 | -1.24 | -1.65 | -2.05 | -2.58 | -2.03 | -1.19 | -1.35 | -0.88 |
| Diluted EPS | -0.70 | -1.24 | -1.65 | -2.05 | -2.58 | -2.03 | -1.19 | -1.35 | -0.88 |
| Weighted Average OS | 114.87M | 107.88M | 101.81M | 95.92M | 91.41M | 87.59M | 85.87M | 62.53M | 62.53M |
| EBITDA | $19.27M | -$79.44M | -$125.79M | -$158.13M | -$190.99M | -$151.62M | -$84.21M | -$65.22M | -$45.85M |
| EBITDA Margin | 2.8% | -13.2% | -22.9% | -26.2% | -40.8% | -50.5% | -26.6% | -31.5% | -33.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $151.23M | $172.21M | $175.71M | $293.79M | $418.17M | $350.85M | $154.45M | $34.39M | $16.49M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $4.02M | $208.81M | $27.13M | $12.42M |
| Cash and Short-Term Investments | $151.23M | $172.21M | $175.71M | $293.79M | $418.17M | $354.86M | $363.26M | $61.52M | $28.91M |
| Accounts Receivable | $23.82M | $13.96M | $17.23M | $12.21M | $7.77M | $7.21M | $7.78M | $7.57M | $7M |
| Inventory | $30.84M | $23.58M | $22.25M | $42.97M | $71.02M | $42.32M | $21.92M | $10.36M | $6.61M |
| Other Current Assets | $21.59M | $22.91M | $20.77M | $23.29M | $20.86M | $0 | $0 | $0 | $0 |
| Total Current Assets | $227.49M | $232.67M | $235.95M | $372.26M | $517.81M | $421.47M | $406.76M | $89.15M | $46.88M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $160.79M | $170.16M | $190.44M | $240.63M | $234.6M | $181.59M | $55.83M | $33.29M | $23.42M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $14.91M | $14.91M | $0 | $0 | $0 | $0 | $11.23M | $4.17M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $20.75M | $5.36M | $5.63M | $2.75M | $2.54M | $2.05M | $2.66M | $1.75M | $1.49M |
| Total Long-Term Assets | $181.54M | $190.43M | $210.98M | $243.38M | $237.13M | $183.64M | $58.49M | $46.27M | $29.09M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $409.03M | $423.1M | $446.92M | $615.64M | $754.94M | $605.11M | $465.25M | $135.42M | $75.97M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $14.56M | $11M | $8.96M | $11.9M | $4.5M | $14.35M | $11.16M | $5.15M | $7.57M |
| Short-Term Debt | $0 | $26.65M | $0 | $0 | $0 | $0 | $0 | $5.99M | $2.98M |
| Current Income Tax Payable | $0 | $9.73M | $8.12M | $8.53M | $8.94M | $6.87M | $6.13M | $4.48M | $2.79M |
| Current Unearned Revenue | $3.11M | $2.44M | $2.21M | $3.55M | $3.39M | $1.62M | $4.77M | $3.18M | $2.13M |
| Other Current Liabilities | $81.47M | $71.63M | $61.93M | $53.7M | $51.44M | $41.9M | $36.84M | $60.51M | $19.25M |
| Total Current Liabilities | $264.24M | $248.68M | $188.86M | $207.51M | $187.99M | $148.26M | $118.55M | $88.35M | $65.37M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $371.81M | $411.28M | $452.42M | $449.85M | $348.38M | $149.19M | $0 | $3.25M | $10.74M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $121.7M | $84.73M | $4.08M | $3.25M | $2.29M | $1.28M | $9.46M | $301.5M | $176.84M |
| Total Long-Term Liabilities | $560.31M | $581.79M | $561.36M | $578.22M | $493.83M | $265.56M | $9.46M | $304.75M | $187.58M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $824.55M | $830.47M | $750.22M | $785.73M | $681.82M | $413.82M | $128M | $393.11M | $252.95M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $294.2M | $173.36M |
| Common Stock | $1K | $1K | $1K | $1K | $1K | $1K | $1K | $0 | $0 |
| Retained Earnings | -$1.3B | -$1.25B | -$1.12B | -$951.15M | -$768.13M | -$532.02M | -$356.19M | -$257.67M | -$181.57M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $11K | $7K | -$25K | -$6K |
| Other Stockholders' Equity | $880.11M | $846.45M | $816.33M | $781.06M | $841.25M | $723.31M | $693.43M | -$25K | $4.58M |
| Total Equity | -$415.52M | -$407.38M | -$303.3M | -$170.09M | $73.13M | $191.29M | $337.25M | -$257.69M | -$176.99M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $409.03M | $423.1M | $446.92M | $615.64M | $754.94M | $605.11M | $465.25M | $135.42M | $75.97M |
| Supplementary Data | |||||||||
| Total Debt | $463.25M | $546.55M | $577.37M | $595.74M | $509.79M | $279.27M | $0 | $9.24M | $13.72M |
| Net Debt | $312.02M | $374.34M | $401.66M | $301.95M | $91.62M | -$71.58M | -$154.45M | -$25.15M | -$2.77M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$41.8M | -$134.2M | -$168.47M | -$196.44M | -$236.11M | -$175.83M | -$96.75M | -$75.77M | -$52.31M |
| Depreciation & Amortization | $33M | $33.1M | $31.7M | $27.67M | $23.53M | $18.84M | $13.41M | $9.29M | $5.63M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $3.15M | $2.98M | $933K |
| Stock-Based Compensation | $28.94M | $0 | $34.27M | $46.14M | $48.8M | $24.32M | $8.53M | $3.76M | $1.85M |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$12.47M | $767K | -$6.98M | -$6.12M | -$1.59M | -$337K | -$1.58M | -$1.57M | -$4.21M |
| Inventory | -$9.47M | -$3.68M | $10.94M | $23.97M | -$29.2M | -$20.41M | -$13.24M | -$3.74M | -$3.91M |
| Accounts Payable | $1.61M | $910K | $0 | $0 | -$9.99M | $2.8M | $6.01M | -$2.58M | -$88K |
| Other Working Capital | $11.06M | $4.84M | -$32.58M | -$20.15M | $25.93M | -$3.59M | $25.88M | $19.99M | $13.45M |
| Total Working Capital Change | -$9.26M | $2.84M | -$28.63M | -$2.29M | -$14.86M | -$21.53M | $17.06M | $12.1M | $5.24M |
| Other Non-Cash Items | $26.13M | $119.81M | $69.86M | $33.38M | $36.48M | $19.77M | $105K | $445K | $70K |
| Net Cash from Operating | $37.01M | $21.55M | -$61.27M | -$91.56M | -$142.15M | -$134.42M | -$54.49M | -$47.2M | -$38.57M |
| Investing Activities | |||||||||
| Capital Expenditures | -$18.64M | -$26.05M | -$29.18M | -$22.86M | -$37.47M | -$18.25M | -$34.03M | -$19.12M | -$14.12M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $9.27M | $5.72M | $2.52M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | -$73.28M | -$220.61M | -$31.45M | -$27.52M |
| Sales of Investments | $0 | $0 | $0 | $0 | $4M | $278.21M | $39.28M | $16.65M | $30.34M |
| Other Investing Activities | -$10.58M | $461K | -$12.95M | -$14.06M | -$9.97M | -$8.68M | -$9.27M | -$5.72M | -$2.52M |
| Net Cash from Investing | -$29.22M | -$25.59M | -$42.13M | -$36.92M | -$43.44M | $178M | -$215.36M | -$33.92M | -$11.3M |
| Financing Activities | |||||||||
| Debt Repaid | $26.75M | - | - | - | -$278.23M | -$166.28M | $9.25M | -$9.77M | $1.25M |
| Common Stock Issuance | $2.68M | $1.79M | $0 | $0 | $0 | $0 | $315.54M | $111.15M | $47.97M |
| Common Stock Repurchases | $0 | $0 | -$679K | -$205K | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$4.8M | -$1.25M | $905K | $4.31M | -$25.32M | -$13.46M | $2.6M | $45K | $212K |
| Net Cash from Financing | -$28.87M | $539K | $226K | $4.1M | $252.91M | $152.81M | $378.67M | $106.08M | $46.72M |
| Forex Effect | $0 | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$21.08M | -$3.5M | -$103.17M | -$124.38M | $67.33M | $196.4M | $108.82M | $24.97M | -$3.16M |
| Supplementary Data | |||||||||
| Operating Cash Flow | $37.01M | $21.55M | -$61.27M | -$91.56M | -$142.15M | -$134.42M | -$54.49M | -$47.2M | -$38.57M |
| Capital Expenditure | -$18.64M | -$26.05M | -$29.18M | -$22.86M | -$47.44M | -$26.93M | -$34.03M | -$19.12M | -$14.12M |
| Free Cash Flow | $18.37M | -$4.5M | -$90.44M | -$114.42M | -$189.59M | -$161.35M | -$88.52M | -$66.31M | -$52.69M |
| Cash at Beginning | $187.12M | $175.71M | $293.79M | $418.17M | $350.85M | $154.45M | $45.63M | $20.66M | $23.82M |
| Cash at End | $166.04M | $172.21M | $190.62M | $293.79M | $418.17M | $350.85M | $154.45M | $45.63M | $20.66M |