Saturday 17 October 2026 Export REAL’s income statement to Excel — free account

The RealReal, Inc.

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%

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Market cap: $1.3B
P/E: 0.0×
Fwd P/E: 35.9×
Dividend yield: —
F-score: 6/9
Altman Z: −1.72
Beneish M: −2.83
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 115.06

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	11	1	—	5	1	—	5	—	—	5	—	—

Insider Ownership 8.55%

Capital & Financial Ratios $m

Market Cap 1,280.00

Revenue 749.91

Net Income (81.13)

Free Cash Flow 22.97

Net Debt 256.68

Current Ratio 0.83

Debt/Equity (0.99)

P/E ratio 0.00

Fwd P/E 35.90

P/S ratio 1.68

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 181.62%

Next Y EPS Growth 151.27%

Next Y revenue growth 14.82%

Next 5Y EPS Growth 53.50%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 55.97%

10-year low 10-year high

EV/Sales against its own 10 years 59.81%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	176	172	151	119
Receivables	17	14	24	20
Inventory	22	24	31	35
Other	—	—	—	—
	236	233	227	193

	2023	2024	2025	Q'26
Payables	9	11	15	15
ST’ Debt	—	27	—	—
Other	—	—	—	—
	189	249	264	233

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	190	193	—	—	—
’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	(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)	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.31	(0.23)	—	—	—
’25	0.52	(0.10)	(0.49)	(0.33)	(0.36)
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	12.58	5.00	9.75	1.04	1.00	1.52	4.61	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	30.05	22.03	30.22	12.91	2.94	11.38	16.74
People
People	Employees	—	—	1,700	2,353	2,604	3,355	3,468	3,032	3,011	3,140
	Revenue/emp, $m	—	0.00	0.13	0.13	0.12	0.14	0.17	0.18	0.20	0.22
Income, $m
Income, $m	Revenue	—	138	214	316	300	468	603	549	600	693
	Gross margin, %	—	63.73	64.06	63.70	62.53	58.47	57.78	68.50	74.53	74.59
	EBT	—	(52)	(76)	(98)	(176)	(236)	(196)	(168)	(134)	(41)
	EBT margin, %	—	(37.99)	(35.40)	(31.05)	(58.59)	(50.47)	(32.52)	(30.62)	(22.30)	(5.98)
	Net income	—	(52)	(76)	(98)	(176)	(236)	(196)	(168)	(134)	(42)
	Depreciation	—	6	9	13	37	57	50	51	50	51
Per share, $
Per share, $	Revenue	—	16.88	25.55	6.66	3.42	5.12	6.29	5.40	5.57	6.03
	Earnings	—	(6.42)	(9.06)	(2.11)	(2.03)	(2.58)	(2.05)	(1.65)	(1.24)	(0.36)
	Cash flow	—	(4.74)	(5.64)	(1.15)	(1.53)	(1.56)	(0.95)	(0.60)	0.25	0.32
	Capex	—	(1.73)	(2.29)	(0.72)	(0.31)	(0.52)	(0.38)	(0.41)	(0.24)	(0.27)
	Free cash flow	—	(6.47)	(7.93)	(1.86)	(1.84)	(2.07)	(1.34)	(1.02)	0.01	0.05
	Book value	—	0.00	(30.81)	7.10	2.18	0.80	(1.77)	(2.98)	(3.78)	(3.62)
	Shares, m	—	8	8	47	88	91	96	102	108	115
Valuation, ×
Valuation, ×	P/E	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	0.00	0.00	2.83	5.71	2.27	0.17	0.37	1.96	2.62
	P/B	—	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/FCF	—	(2.11)	(2.11)	(6.12)	(9.43)	(5.33)	(2.19)	(4.81)	1,810.56	376.11
Cash, $m
Cash, $m	Operating cash flow	—	(39)	(47)	(54)	(134)	(142)	(92)	(61)	27	37
	Capex	—	(14)	(19)	(34)	(27)	(47)	(37)	(42)	(26)	(32)
	Free cash flow	—	(53)	(66)	(89)	(161)	(190)	(128)	(103)	1	5
Balance, $m
Balance, $m	Working capital	—	(18)	1	288	273	330	165	47	(16)	(37)
	Total debt	—	14	9	—	164	367	471	452	438	372
	Net debt	—	(15)	(52)	(363)	(191)	(52)	177	277	266	221
	Shareholders’ equity	—	—	(258)	337	191	73	(170)	(303)	(407)	(416)
Returns, %
Returns, %	ROA	—	(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
	ROE	—	25.27	38.97	(255.88)	(66.54)	(178.58)	405.19	71.18	37.77	10.16

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$23.8B	15.9×	18.6×	+8.90% (above 0%: growing)	n/m	−12.54% (below 0%: shrinking)	83.32%	23.57%	Compare
SIG Signet Jewelers Limited	$4.4B	13.4×	8.8×	−0.46% (below 0%: shrinking)	n/m	−50.56% (below 0%: shrinking)	39.42%	5.73%	Compare
CPRI Capri Holdings Limited	$1.8B	12.3×	9.2×	−3.51% (below 0%: shrinking)	+36.36% (above 0%: growing)	+328.57% (above 0%: growing)	65.02%	2.21%	Compare
LUXE LuxExperience B.V. - Sponsored ADR	$1.3B	— (loss-making)	— (loss-making)	+17.13% (above 0%: growing)	n/m	+115.02% (above 0%: growing)	48.18%	(5.10%)	Compare
REAL The RealReal, Inc.	$1.3B	— (loss-making)	35.9×	+16.58% (above 0%: growing)	n/m	+59.42% (above 0%: growing)	74.36%	(1.19%)
MOV Movado Group Inc.	$529.3M	18.3×	20.4×	+4.90% (above 0%: growing)	+307.69% (above 0%: growing)	+67.92% (above 0%: growing)	59.40%	8.76%	Compare
ELA Envela Corporation	$312.6M	14.0×	32.5×	+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.	$147.7M	— (loss-making)	— (loss-making)	+5.67% (above 0%: growing)	n/m	+108.96% (above 0%: growing)	57.90%	0.39%	Compare
LANV Lanvin Group Holdings Limited	$105.7M	— (loss-making)	— (loss-making)	—	n/m	+34.01% (above 0%: growing)	56.34%	0.00%	Compare
Median of peers	$929.6M	14.0×	18.6×	+4.90%	+45.45%	+88.44%	57.12%	3.97%

All 12 Luxury Goods stocks →

The RealReal, Inc. (REAL) key facts

Strength: The RealReal, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $692.8 million, up 15.4% from fiscal 2024.
The RealReal, Inc. (REAL) is a Luxury Goods company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, REAL traded at $10.39, a market capitalization of $1.3 billion.
Return on equity was 10.2% and debt-to-equity -0.99.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is −1.72 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.