THE REALREAL ANNOUNCES THIRD QUARTER 2026 RESULTS

$REALPress releaseOct 29, 2026, 4:05 PM ETRead the release

The RealReal reported record Q3 2026 results with revenue of $206 million (up 19% YoY), GMV of $642 million (up 23%), and the strongest quarterly order growth since 2022 at +15%. GAAP net income swung to $16 million from a $54 million loss a year ago, though it includes a $21.2 million non-cash warrant-liability gain; gross margin expanded 64 bps to 74.9% and Adjusted EBITDA margin rose 290 bps to 8.3%.

Key figures

Eps: GAAP basic $0.13 / GAAP diluted $(0.04); non-GAAP basic and diluted $0.02
Revenue: 206116000
Guidance: FY26 GMV $2.585-$2.600B, revenue $806-$810M, Adjusted EBITDA $71.1-$72.6M (raised); Q4 GMV $720-$735M, revenue $218-$222M, Adjusted EBITDA $27.5-$29.0M
Revenue Yoy: 19%
Aov: 629
Gmv: 641502000
Gmv yoy: 23%
Net income: 16006000
Orders yoy: 15%
Gross margin: 74.9%
Gross profit: 154402000
Active buyers: 1152000
Adjusted ebitda: 17010000
Free cash flow q3: 11268000
Adjusted ebitda margin: 8.3%

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