Saturday 17 October 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. In the quarter to June 2026, revenue grew 16.6%, EPS fell 130.0%, free cash flow grew 59.4% and total debt was flat, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
10.39
0.15
−1.42%
Follow REAL
| Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
— | — | — | 2 | 2 | 3 | 3 | 5 | 6 |
Altman Z-Score |
— | — | 3.84 | 1.35 | (0.29) | (1.78) | (3.22) | (2.36) | (1.72) |
P/S ratio |
0.00 | 0.00 | 2.83 | 5.71 | 2.27 | 0.17 | 0.37 | 1.96 | 2.62 |
Altman Z″-Score (non-manufacturers) |
— | (10.52) | 2.89 | (1.34) | (2.25) | (5.57) | (10.40) | (11.32) | (11.84) |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,477.58 | 330.96 |
Beneish M-Score |
— | — | (2.93) | 10.36 | (2.93) | (2.88) | (3.33) | (4.50) | (2.83) |
P/Operating CF |
(11.15) | (11.15) | 246.62 | (44.57) | (56.56) | 28.27 | 19.06 | 42.12 | 36.60 |
P/B ratio |
0.00 | 0.00 | 2.65 | 8.95 | 14.51 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
0.00 | 0.00 | 2.65 | 8.95 | 14.51 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
0.00 | 0.00 | 1.71 | 5.07 | 2.16 | 0.47 | 0.91 | 2.41 | 2.97 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 75.33 |
EV/Operating CF |
(2.86) | (2.86) | (9.94) | (11.31) | (7.10) | (3.07) | (8.11) | 53.82 | 55.66 |
EV/FCF |
(2.11) | (2.11) | (6.12) | (9.43) | (5.33) | (2.19) | (4.81) | 1,810.56 | 376.11 |
Quick Ratio |
0.55 | 0.78 | 3.13 | 2.44 | 2.27 | 1.47 | 1.02 | 0.75 | 0.66 |
Current Ratio |
0.72 | 1.01 | 3.43 | 2.84 | 2.75 | 1.79 | 1.25 | 0.94 | 0.86 |
Net Debt/EBITDA |
0.32 | 0.81 | 4.19 | 1.41 | 0.33 | (1.27) | (2.40) | (43.73) | 8.07 |
Debt/Assets |
0.00% | 6.82% | 0.00% | 27.13% | 48.56% | 76.44% | 101.23% | 103.51% | 90.90% |
Debt/Equity |
0.00 | (0.04) | 0.00 | 0.86 | 5.01 | (2.77) | (1.49) | (1.07) | (0.89) |
Asset Turnover |
1.30 | 3.16 | 1.05 | 0.56 | 0.69 | 0.88 | 1.03 | 1.38 | 1.67 |
Operating CF/Net income |
0.70 | 0.56 | 0.54 | 0.76 | 0.60 | 0.47 | 0.36 | (0.20) | (0.89) |
Capex/Depreciation |
(2.43) | (2.02) | (2.54) | (0.72) | (0.83) | (0.74) | (0.83) | (0.52) | (0.61) |
Interest Coverage |
(67.96) | (64.15) | (162.51) | (32.83) | (9.98) | (18.06) | (15.54) | (2.64) | (0.86) |
| 25.27% | 38.97% | (255.88%) | (66.54%) | (178.58%) | 405.19% | 71.18% | 37.77% | 10.16% | |
| (51.96%) | (125.08%) | (33.89%) | (32.85%) | (34.72%) | (28.67%) | (31.71%) | (30.85%) | (10.05%) | |
ROIC |
0.00% | 0.00% | 0.00% | (17,505.67%) | (622.13%) | (1,754.37%) | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
(1,114.41%) | (248.51%) | (29.58%) | (52.23%) | (56.34%) | (70.81%) | (111.44%) | (171.10%) | (70.37%) |
Average Days of Receivables |
18.57 | 12.93 | 8.98 | 8.78 | 6.06 | 7.38 | 11.45 | 8.49 | 12.55 |
Research and Development Expense of Revenue |
42.67% | 49.09% | 45.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
58.72% | 49.54% | 50.07% | 65.17% | 51.10% | 42.81% | 44.07% | 40.47% | 38.22% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
1.35% | 1.36% | 2.44% | 8.11% | 10.43% | 7.65% | 6.24% | 4.84% | 4.18% |
Graham Net Nets |
0.35 | 0.35 | 0.31 | 0.00 | (0.15) | (3.95) | (2.56) | (0.51) | (0.33) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.04 | 10.58 | 10.26 | 5.26 |
Earnings Yield |
(5.71%) | (5.71%) | (32.08%) | (10.34%) | (22.22%) | (188.07%) | (84.77%) | (11.34%) | (2.15%) |
Free Cash Flow Yield |
(37.49%) | (37.49%) | (9.89%) | (9.43%) | (17.86%) | (122.88%) | (51.55%) | 0.07% | 0.30% |
Revenue per Share |
16.88 | 25.55 | 6.66 | 3.42 | 5.12 | 6.29 | 5.40 | 5.57 | 6.03 |
Operating CF per Share |
(4.74) | (5.64) | (1.15) | (1.53) | (1.56) | (0.95) | (0.60) | 0.25 | 0.32 |
Capex per Share |
(1.73) | (2.29) | (0.72) | (0.31) | (0.52) | (0.38) | (0.41) | (0.24) | (0.27) |
Free Cash Flow per Share |
(6.47) | (7.93) | (1.86) | (1.84) | (2.07) | (1.34) | (1.02) | 0.01 | 0.05 |
Cash per Share |
3.55 | 7.35 | 7.65 | 4.05 | 4.57 | 3.06 | 1.73 | 1.60 | 1.32 |
Shareholders Equity per Share |
0.00 | (30.81) | 7.10 | 2.18 | 0.80 | (1.77) | (2.98) | (3.78) | (3.62) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.00 | (30.81) | 7.10 | 2.18 | 0.80 | (1.77) | (2.98) | (3.78) | (3.62) |
Free Cash Flow |
(52.69) | (66.31) | (88.52) | (161.35) | (189.59) | (128.48) | (103.40) | 0.80 | 5.48 |
Working Capital |
(18.49) | 0.79 | 288.21 | 273.21 | 329.83 | 164.75 | 47.09 | (16.01) | (36.75) |
Capital Expenditures |
(14.12) | (19.12) | (34.03) | (26.93) | (47.44) | (36.92) | (42.13) | (26.05) | (31.53) |
Net Current Asset Value |
46.88 | (303.96) | 278.75 | 7.65 | (164.00) | (413.47) | (514.27) | (597.80) | (597.06) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.10 | 0.09 | 0.11 | 0.09 | 0.10 | 0.06 | 0.08 | 0.04 | 0.05 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | |||||||||
Depreciation/Fixed assets |
0.25 | 0.28 | 0.24 | 0.59 | 0.64 | 0.44 | 0.49 | 0.53 | 0.53 |
Cash ROIC |
(121.90%) | 35.47% | (12.64%) | (22.71%) | (22.10%) | (21.62%) | (31.83%) | 0.39% | 5.09% |
Accounts Receivable Turnover |
18.88 | 29.34 | 41.22 | 40.01 | 62.44 | 60.43 | 37.33 | 38.51 | 36.68 |
Accounts Payable Turnover |
7.85 | 12.08 | 14.08 | 8.81 | 20.61 | 31.06 | 16.59 | 15.32 | 13.77 |
Inventory Turnover |
5.88 | 9.05 | 7.12 | 3.50 | 3.43 | 4.47 | 5.31 | 6.68 | 6.47 |
Average Days of Payables |
55.37 | 24.47 | 35.47 | 46.59 | 8.46 | 17.05 | 18.90 | 26.26 | 30.20 |
Days of Inventory on Hand |
48.40 | 49.20 | 69.66 | 137.45 | 133.46 | 61.55 | 46.93 | 56.27 | 63.96 |
Average Receivables |
7.28 | 7.28 | 7.68 | 7.50 | 7.49 | 9.99 | 14.72 | 15.59 | 18.89 |
Average Payables |
6.36 | 6.36 | 8.15 | 12.75 | 9.42 | 8.20 | 10.43 | 9.98 | 12.78 |
Average Inventory |
8.48 | 8.48 | 16.14 | 32.12 | 56.67 | 56.99 | 32.61 | 22.91 | 27.21 |
Average Assets |
105.69 | 67.71 | 300.33 | 535.18 | 680.03 | 685.29 | 531.28 | 435.01 | 416.06 |
Average Common Equity |
(217.34) | (217.34) | 39.78 | 264.27 | 132.21 | (48.48) | (236.70) | (355.34) | (411.45) |
Columns are period end dates