The RealReal financials
$8.79−0.23%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 |
|---|---|---|---|---|---|---|---|
| Revenue | $692.8M | $600.5M | $549.3M | $603.5M | $467.7M | $299.9M | $316.4M |
| Gross profit | $516.8M | $447.5M | $376.3M | $348.7M | $273.5M | $187.6M | $201.5M |
| Gross margin | 74.6% | 74.5% | 68.5% | 57.8% | 58.5% | 62.5% | 63.7% |
| Operating income | -$23.9M | -$56.5M | -$166.3M | -$189.2M | -$214.9M | -$172.8M | -$100.1M |
| Net income | -$41.8M | -$134.2M | -$168.5M | -$196.4M | -$236.1M | -$175.8M | -$101.8M |
| Net margin | −6.0% | −22.3% | −30.7% | −32.6% | −50.5% | −58.6% | −32.2% |
| Diluted EPS | $-0.70 | $-1.24 | $-1.65 | $-2.05 | $-2.58 | $-2.01 | $-2.14 |
| EBITDA | $9.1M | -$23.2M | -$91.1M | -$160.6M | -$175.7M | -$152.9M | -$86.7M |
| Operating cash flow | $37.0M | $26.8M | -$61.3M | -$91.6M | -$142.2M | -$134.4M | -$54.5M |
| Free cash flow | $5.5M | $798.0K | -$103.4M | -$128.5M | -$189.6M | -$161.3M | -$88.5M |
| Diluted shares | 116.5M | 107.9M | 101.8M | 95.9M | 91.4M | 87.6M | 47.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $151.2M | $172.2M | $175.7M | $293.8M | $418.2M | $350.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | $4.0M |
| Total debt | $371.8M | $437.9M | $452.4M | $449.8M | $348.4M | $149.2M |
| Total assets | $409.0M | $423.1M | $446.9M | $615.6M | $754.9M | $605.1M |
| Total liabilities | $824.6M | $830.5M | $750.2M | $785.7M | $681.8M | $413.8M |
| Shareholders' equity | -$415.5M | -$407.4M | -$303.3M | -$170.1M | $73.1M | $191.3M |
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