# TheRealReal, Inc.: overview

REAL · Nasdaq · CIK 1573221 · [Consumer staples](/sectors/consumer-staples.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/real.md) · [Financials](/companies/real/financials.md) · [Filings](/companies/real/filings.md) · [Insiders](/companies/real/insiders.md)

Latest reported revenue: [$206.1m](/filings/0001573221-26-000066.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001573221-26-000066).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [164 d](/filings/0001573221-26-000010.md) | [160](/filings/0001573221-26-000046.md) | [165](/filings/0001573221-26-000053.md) | [174](/filings/0001573221-26-000066.md) | [194 d](/filings/0001573221-26-000010.md) | [190](/filings/0001573221-26-000046.md) | [193](/filings/0001573221-26-000053.md) | [206](/filings/0001573221-26-000066.md) |
| Gross margin | % | [74.4% d](/filings/0001573221-26-000010.md) | [75.0%](/filings/0001573221-26-000046.md) | [74.3%](/filings/0001573221-26-000053.md) | [74.3%](/filings/0001573221-26-000066.md) | [74.8% d](/filings/0001573221-26-000010.md) | [74.5%](/filings/0001573221-26-000046.md) | [74.4%](/filings/0001573221-26-000053.md) | [74.9%](/filings/0001573221-26-000066.md) |
| Operating margin | % | [(3.1%) d](/filings/0001573221-26-000010.md) | [(8.0%)](/filings/0001573221-26-000046.md) | [(6.0%)](/filings/0001573221-26-000053.md) | [(4.3%)](/filings/0001573221-26-000066.md) | [3.2% d](/filings/0001573221-26-000010.md) | [(1.2%)](/filings/0001573221-26-000046.md) | [(1.2%)](/filings/0001573221-26-000053.md) | [0.7%](/filings/0001573221-26-000066.md) |
| Net margin | % | [(41.7%) d](/filings/0001573221-26-000010.md) | [39.0%](/filings/0001573221-26-000066.md) | [(6.9%)](/filings/0001573221-26-000066.md) | [(31.1%)](/filings/0001573221-26-000066.md) | [(20.0%) d](/filings/0001573221-26-000010.md) | [20.5%](/filings/0001573221-26-000066.md) | [(14.1%)](/filings/0001573221-26-000066.md) | [7.8%](/filings/0001573221-26-000066.md) |
| Diluted EPS | $ per share | not reported | [(0.14)](/filings/0001573221-26-000046.md) | [(0.13)](/filings/0001573221-26-000053.md) | [(0.49)](/filings/0001573221-26-000066.md) | not reported | [(0.07)](/filings/0001573221-26-000046.md) | [(0.23)](/filings/0001573221-26-000053.md) | [(0.04)](/filings/0001573221-26-000066.md) |
| Free cash flow | $m | [22.9 d](/filings/0001573221-26-000010.md) | [(33.0)](/filings/0001573221-26-000046.md) | [(11.4) d](/filings/0001573221-26-000053.md) | [16.9 d](/filings/0001573221-26-000066.md) | [45.8 d](/filings/0001573221-26-000010.md) | [(24.1)](/filings/0001573221-26-000046.md) | [(2.4) d](/filings/0001573221-26-000053.md) | [15.3 d](/filings/0001573221-26-000066.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [468](/filings/0001573221-24-000030.md) | [603](/filings/0001573221-25-000013.md) | [549](/filings/0001573221-26-000010.md) | [600](/filings/0001573221-26-000010.md) | [693](/filings/0001573221-26-000010.md) |
| Gross margin | % | [58.5%](/filings/0001573221-24-000030.md) | [57.8%](/filings/0001573221-25-000013.md) | [68.5%](/filings/0001573221-26-000010.md) | [74.5%](/filings/0001573221-26-000010.md) | [74.6%](/filings/0001573221-26-000010.md) |
| Operating margin | % | [(46.0%)](/filings/0001573221-24-000030.md) | [(31.3%)](/filings/0001573221-25-000013.md) | [(30.3%)](/filings/0001573221-26-000010.md) | [(9.4%)](/filings/0001573221-26-000010.md) | [(3.5%)](/filings/0001573221-26-000010.md) |
| Net margin | % | [(50.5%)](/filings/0001573221-24-000030.md) | [(32.6%)](/filings/0001573221-25-000013.md) | [(30.7%)](/filings/0001573221-26-000010.md) | [(22.3%)](/filings/0001573221-26-000010.md) | [(6.0%)](/filings/0001573221-26-000010.md) |
| Diluted EPS | $ per share | [(2.58)](/filings/0001573221-24-000030.md) | [(2.05)](/filings/0001573221-25-000013.md) | [(1.65)](/filings/0001573221-26-000010.md) | [(1.24)](/filings/0001573221-26-000010.md) | [(0.70)](/filings/0001573221-26-000010.md) |
| Free cash flow | $m | [(180)](/filings/0001573221-24-000030.md) | [(114)](/filings/0001573221-25-000013.md) | [(90.4)](/filings/0001573221-26-000010.md) | [12.6](/filings/0001573221-26-000010.md) | [18.4](/filings/0001573221-26-000010.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/real/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $134.5m | 11,408,817 |  | Added +2,297,559 |
| [Divisadero Street Capital Management, LP](/funds/1901865.md) | 2026-06-30 | $108.4m | 9,198,248 |  | Added +4,855,491 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $59.5m | 5,045,191 |  | Reduced −5,872,562 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $57.6m | 4,881,501 |  | Added +497,704 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $55.6m | 4,713,711 |  | Added +171,161 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $47.1m | 3,996,366 |  | Reduced −472,981 |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $46.4m | 3,936,756 |  | Reduced −112,286 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $43.8m | 3,718,683 |  | Added +724,209 |
| [Woodson Capital Management, LP](/funds/1697848.md) | 2026-06-30 | $38.9m | 3,300,000 |  | Added +630,580 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $37.3m | 3,161,327 |  | Added +373,918 |

## Recent filings

[All 691 filings](/companies/real/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:19 ET | [10-Q](/filings/0001573221-26-000066.md) | Quarterly report, period 2026-09-30 | 0001573221-26-000066 |
| 2026-10-29 | 16:17 ET | [8-K](/filings/0001573221-26-000064.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001573221-26-000064 |
| 2026-10-15 | 08:27 ET | [8-K](/filings/0001193125-26-422329.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-422329 |
| 2026-08-06 | 16:12 ET | [10-Q](/filings/0001573221-26-000053.md) | Quarterly report, period 2026-06-30 | 0001573221-26-000053 |
| 2026-08-06 | 16:10 ET | [8-K](/filings/0001573221-26-000052.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001573221-26-000052 |
| 2026-06-12 | 16:16 ET | [8-K](/filings/0001573221-26-000048.md) | 5.07 Shareholder vote results | 0001573221-26-000048 |
| 2026-05-07 | 16:17 ET | [10-Q](/filings/0001573221-26-000046.md) | Quarterly report, period 2026-03-31 | 0001573221-26-000046 |
| 2026-05-07 | 16:14 ET | [8-K](/filings/0001573221-26-000045.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001573221-26-000045 |
| 2026-04-27 | 16:13 ET | [DEF 14A](/filings/0001573221-26-000036.md) | Proxy statement, period 2025-12-31 | 0001573221-26-000036 |
| 2026-03-09 | 16:11 ET | [8-K](/filings/0001573221-26-000020.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001573221-26-000020 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001573221-26-000010.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/d8b845dc-8844-4807-b897-d78cec4169a6)

## About the filer

- CIK: 1573221
- Tickers: REAL
- Exchange: Nasdaq
- SIC code: 5900 Retail-Miscellaneous Retail
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 18:22 ET. No prices; not investment advice.