Pricing Log in Create free account
Friday 6 November 2026 Export REAL’s income statement to Excel — free account

The RealReal, Inc.

REAL Consumer Cyclical Luxury Goods

The RealReal, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $692.8 million, up 15.4% from fiscal 2024.

Revenue
+18.8%
EPS
+127.9%
Free cash flow
−17.9%
Total debt
+2.23%

Quarter to September 2026, against a year earlier

12.91 0.66 −4.86%
Market cap
$1.6B
P/E
0.0×
Fwd P/E
111×
Dividend yield
—
F-score
6/9
Altman Z
−1.72
Beneish M
−2.83
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 7.34
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 5 1 — 5 — — 5 — — —
Insider Ownership 7.11%

Capital & Financial Ratios $m

Size
Market Cap 1,620.00
Revenue ttm 782.45
Net income ttm (11.07)
Free cash flow ttm 20.52
Net debt Q 249.16
Valuation
P/E 0.00
Forward P/E 111.00 (above 35: high)
Price / sales 2.01
Forward P/S Powerpack
Price / FCF 76.83
Price / book 0.00
Financial health
Current ratio Q 0.84 (below 1: weak)
Debt / equity Q (1.07) (negative: negative equity)
Interest coverage Q 0.20
Growth
Revenue growth Q +18.75% (above 0%: growing)
Operating income growth Q +119.50% (above 0%: growing)
EPS, this year +200.32% (at or above 15%: strong)
EPS, next year A +150.48% (at or above 15%: strong)
Revenue, next year A +16.66% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +53.50% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 1.7×; over the ten years it ranged from 0.3× in 2019 to 6.8× in 2021.
P/S against its own 10 years 64.63%
10-year low 10-year high
EV/Sales against its own 10 years 68.15%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 176 172 151 130
Receivables 17 14 24 28
Inventory 22 24 31 37
Other — — — —
236 233 227 218
2023 2024 2025 Q'26
Payables 9 11 15 14
ST’ Debt — 27 — —
Other — — — —
189 249 264 261

Compound Annual Growth %

10y 5y 3y
Sales — 18.23% 4.71%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.01 Actual 0.02

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.04 0.06 Beat by 0.02
Q1 FY26 −0.01 −0.01 Met by 0.00
Q2 FY26 −0.02 −0.01 Beat by 0.01
Q3 FY26 0.01 0.02 Beat by 0.01
Q4 FY26 0.12 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.07) (0.23) 0.12 — —
’25 (0.14) (0.13) (0.49) (0.33) (0.70)
’24 (0.30) (0.15) (0.17) (0.62) (1.24)
’23 (0.83) (0.41) (0.22) (0.21) (1.65)
’22 (0.61) (0.56) (0.49) (0.39) (2.05)
’21 (0.62) (0.78) (0.62) (0.56) (2.58)
’20 (0.44) (0.49) (0.49) (0.60) (2.03)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 190 193 206 — —
’25 160 165 174 194 693
’24 144 145 148 164 600
’23 142 131 133 143 549
’22 147 154 143 160 603
’21 99 105 119 145 468
’20 78 57 78 87 300
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (17) 2 25 — —
’25 (28) (4) 19 50 37
’24 (3) (7) 9 28 27
’23 (30) (30) (11) 11 (61)
’22 (49) (39) (7) 4 (92)
’21 (48) (41) (35) (19) (142)
’20 (55) (32) (9) (38) (134)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (27) (6) 11 — —
’25 (36) (15) 14 43 5
’24 (9) (12) 2 19 1
’23 (46) (42) (19) 4 (103)
’22 (58) (46) (17) (7) (128)
’21 (56) (58) (47) (28) (190)
’20 (63) (38) (17) (43) (161)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 138 214 316 300 468 603 549 600 693 782 +22.4% 808 894 983 +12.4%
Gross margin, % — 63.73 64.06 63.70 62.53 58.47 57.78 68.50 74.53 74.59 74.66 +10.9 pt
EBT — (52) (76) (98) (176) (236) (196) (168) (134) (41) (11) (2.9%)
EBT margin, % — (37.99) (35.40) (31.05) (58.59) (50.47) (32.52) (30.62) (22.30) (5.98) (1.35) +32.0 pt
Net income — (52) (76) (98) (176) (236) (196) (168) (134) (42) (11) (2.8%)
Per share, $
Per share, $ Revenue — 16.88 25.55 6.66 3.42 5.12 6.29 5.40 5.57 6.03 6.41 (12.1%)
Earnings — (6.42) (10.12) (2.11) (2.03) (2.58) (2.05) (1.65) (1.24) (0.36) (0.10) (30.2%)
Cash flow — (4.74) (5.64) (1.15) (1.53) (1.56) (0.95) (0.60) 0.25 0.32 0.49 n/m
Capex — (1.73) (2.29) (0.72) (0.31) (0.52) (0.38) (0.41) (0.24) (0.27) (0.32) (20.6%)
Free cash flow — (6.47) (7.93) (1.86) (1.84) (2.07) (1.34) (1.02) 0.01 0.05 0.17 n/m
Book value — 0.00 (30.81) 7.10 2.18 0.80 (1.77) (2.98) (3.78) (3.62) (2.90) n/m
Shares, m — 8 8 47 88 91 96 102 108 115 119 +39.2%
Valuation, ×
Valuation, × P/E — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — 0.00 0.00 2.83 5.71 2.27 0.17 0.37 1.96 2.62 2.01 1.8
P/B — 0.00 0.00 2.65 8.95 14.51 0.00 0.00 0.00 0.00 0.00 2.9
EV/Sales — 0.00 0.00 1.71 5.07 2.16 0.47 0.91 2.41 2.97 2.37 1.7
EV/FCF — (2.11) (2.11) (6.12) (9.43) (5.33) (2.19) (4.81) 1,810.56 376.11 90.27 239.4
Cash, $m
Cash, $m Operating cash flow — (39) (47) (54) (134) (142) (92) (61) 27 37 59 n/m
Capex — (14) (19) (34) (27) (47) (37) (42) (26) (32) (39) +10.6%
Free cash flow — (53) (66) (89) (161) (190) (128) (103) 1 5 21 n/m
Balance, $m
Balance, $m Working capital — (18) 1 288 273 330 165 47 (16) (37) (43) +9.0%
Net debt — (15) (52) (363) (191) (52) 177 277 266 221 249 n/m
Shareholders’ equity — — (258) 337 191 73 (170) (303) (407) (416) (354) +7.1%
Returns, %
Returns, % ROA — (51.96) (125.08) (33.89) (32.85) (34.72) (28.67) (31.71) (30.85) (10.05) (2.88) +41.9 pt
ROIC — 0.00 0.00 0.00 (17,505.67) (622.13) (1,754.37) 0.00 0.00 0.00 0.00 0.0 pt
ROE — 25.27 38.97 (255.88) (66.54) (178.58) 405.19 71.18 37.77 10.16 2.99 (15.1) pt
People
People Employees — — 1,700 2,353 2,604 3,355 3,468 3,032 3,011 3,140 — +9.2%
Revenue/emp, $m — 0.00 0.13 0.13 0.12 0.14 0.17 0.18 0.20 0.22 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

The RealReal, Inc. vs peers in Luxury Goods (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TPR Tapestry, Inc. $26.6B 16.8× 14.7× +11.11% (above 0%: growing) +37.12% (above 0%: growing) +3.79% (above 0%: growing) 78.56% 22.39% Compare
SIG Signet Jewelers Limited $4.6B 13.9× 11.8× −0.46% (below 0%: shrinking) n/m −50.56% (below 0%: shrinking) 39.42% 5.73% Compare
CPRI Capri Holdings Limited $2.2B 11.9× 9.0× −5.49% (below 0%: shrinking) n/m +155.38% (above 0%: growing) 63.29% 1.24% Compare
REAL The RealReal, Inc. $1.6B — (loss-making) 111× +18.75% (above 0%: growing) n/m −17.86% (below 0%: shrinking) 74.91% 0.71%
LUXE LuxExperience B.V. - Sponsored ADR $1.4B — (loss-making) — (loss-making) +17.13% (above 0%: growing) n/m +115.02% (above 0%: growing) 48.18% (5.10%) Compare
MOV Movado Group Inc. $497.7M 17.4× 16.1× +4.90% (above 0%: growing) +307.69% (above 0%: growing) +67.92% (above 0%: growing) 59.40% 8.76% Compare
ELA Envela Corporation $280.7M 12.6× 15.1× +3.46% (above 0%: growing) +45.45% (above 0%: growing) +136.50% (above 0%: growing) 23.56% 8.99% Compare
BRLT Brilliant Earth Group, Inc. $149.7M — (loss-making) — (loss-making) +2.32% (above 0%: growing) n/m +130,800.00% (above 0%: growing) 59.72% 1.70% Compare
LANV Lanvin Group Holdings Limited $93.3M — (loss-making) — (loss-making) — −6,211.67% (below 0%: shrinking) +34.01% (above 0%: growing) 56.34% 0.00% Compare
Median of peers $953.8M 13.9× 14.7× +3.46% +41.29% +91.47% 57.87% 3.72%

All 10 Luxury Goods stocks →

Pay and ownership Proxy statement filed 27 April 2026

Ownership

Directors and executive officers, together 2.66%
FMR LLC 10.45%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

The RealReal, Inc. (REAL) Latest News

1 Nov

Impact 3 · · Simply Wall St.

30 Oct

Impact 3 · · The Motley Fool transcript

29 Oct

Impact 4 · · MarketBeat
Impact 4 · · wwd.com
Impact 4 · · PR Newswire
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press

28 Oct

Impact 4 · · PR Newswire
Impact 3 · · Zacks

26 Oct

Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · Zacks

24 Oct

Impact 3 · · Simply Wall St.

20 Oct

Impact 4 · · Zacks

16 Oct

Impact 4 · · Zacks

15 Oct

Impact 4 · · The Motley Fool
Impact 4 · · PR Newswire

8 Oct

Impact 4 · · PR Newswire
Impact 3 · · Simply Wall St.
Impact 3 · · Insider Monkey

23 Sep

Impact 4 · · Simply Wall St.
Impact 4 ·

19 Sep

Impact 3 ·
Impact 3 ·

13 Sep

Impact 3 ·

25 Aug

Impact 4 ·

20 Aug

Impact 3 ·

18 Aug

Impact 3 ·

13 Aug

Impact 4 · · The Motley Fool transcript
stockrow.com/REAL · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com