The RealReal financials
$8.79−0.23%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $192.6M | $189.7M | $194.1M | $173.6M | $165.2M | $160.0M | $164.0M | $147.8M | $144.9M | $143.8M | $143.4M | $133.2M |
| Gross profit | $143.2M | $141.3M | $145.2M | $128.9M | $122.7M | $120.0M | $122.1M | $110.7M | $107.5M | $107.3M | $106.0M | $94.1M |
| Gross margin | 74.4% | 74.5% | 74.8% | 74.3% | 74.3% | 75.0% | 74.4% | 74.9% | 74.1% | 74.6% | 74.0% | 70.6% |
| Operating income | -$2.3M | -$2.3M | $6.3M | -$7.5M | -$9.9M | -$12.8M | -$5.2M | -$14.6M | -$18.8M | -$17.9M | -$21.1M | -$22.5M |
| Net income | -$27.2M | $38.9M | -$38.8M | -$54.1M | -$11.4M | $62.4M | -$68.5M | -$17.9M | -$16.7M | -$31.1M | -$21.7M | -$22.9M |
| Net margin | −14.1% | 20.5% | −20.0% | −31.1% | −6.9% | 39.0% | −41.7% | −12.1% | −11.5% | −21.6% | −15.1% | −17.2% |
| Diluted EPS | $-0.23 | $-0.07 | $-0.36 | $-0.49 | $-0.13 | $-0.14 | $-0.67 | $-0.17 | $-0.20 | $-0.30 | $-0.21 | $-0.22 |
| EBITDA | $5.5M | $5.8M | $14.4M | $659.0K | -$1.6M | -$4.4M | $3.1M | -$6.3M | -$10.6M | -$9.4M | -$15.0M | -$15.6M |
| Operating cash flow | $1.6M | -$16.6M | $49.5M | $19.3M | -$3.6M | -$28.3M | $28.0M | $9.1M | -$6.8M | -$3.5M | $10.5M | -$10.9M |
| Free cash flow | -$2.4M | -$24.1M | $42.6M | $13.7M | -$11.4M | -$33.0M | $19.2M | $2.1M | -$11.7M | -$8.8M | $3.8M | -$19.1M |
| Diluted shares | 121.0M | 125.7M | 109.0M | 116.8M | 119.5M | 120.8M | 102.8M | 112.4M | 111.1M | 105.2M | 104.0M | 102.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $119.1M | $124.0M | $151.2M | $108.4M | $94.3M | $139.6M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $375.8M | $375.3M | $371.8M | $371.3M | $372.7M | $398.9M |
| Total assets | $378.3M | $385.9M | $409.0M | $366.2M | $349.4M | $400.4M |
| Total liabilities | $756.0M | $745.3M | $824.6M | $751.3M | $687.6M | $736.4M |
| Shareholders' equity | -$377.7M | -$359.4M | -$415.5M | -$385.1M | -$338.2M | -$336.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology