TheRealReal, Inc.
TheRealReal, Inc.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 124 | 151 | 108 | 94 | 140 | 172 | 153 | 151 | 166 | 176 | 171 | 189 | |||||
Accounts Receivable Net Current | 25 | 24 | 24 | 23 | 28 | 14 | 16 | 16 | 20 | 17 | 14 | 6 | |||||
Inventory Net | 34 | 31 | 30 | 29 | 26 | 24 | 20 | 21 | 21 | 22 | 25 | 26 | |||||
Prepaid Expense And Other Assets Current | 20 | 22 | 20 | 14 | 14 | 23 | 23 | 19 | 18 | 21 | 21 | 19 | |||||
Assets Current | 203 | 227 | 182 | 160 | 208 | 233 | 212 | 207 | 225 | 236 | 230 | 240 | |||||
Property Plant And Equipment Net | 98 | 96 | 95 | 98 | 98 | 94 | 95 | 97 | 101 | 104 | 107 | 106 | |||||
Operating Lease Right Of Use Asset | 64 | 65 | 68 | 70 | 74 | 76 | 79 | 83 | 85 | 86 | 95 | 91 | |||||
Restricted Cash | - | - | - | - | - | - | - | - | - | - | 16 | 17 | |||||
Restricted Cash Noncurrent | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | - | - | |||||
Other Assets Noncurrent | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 6 | 5 | 5 | |||||
Assets | 386 | 409 | 366 | 349 | 400 | 423 | 406 | 407 | 432 | 447 | 453 | 459 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 15 | 15 | 11 | 14 | 20 | 11 | 11 | 13 | 14 | 9 | 8 | 13 | |||||
Accrued Liabilities Current | 102 | 111 | 87 | 76 | 82 | 90 | 73 | 65 | 76 | 77 | 67 | 62 | |||||
Operating Lease Liability Current | 22 | 25 | 24 | 24 | 23 | 23 | 22 | 22 | 21 | 20 | 20 | 21 | |||||
Convertible Debt Current | - | 0 | 0 | 0 | 27 | 27 | 27 | 27 | - | 0 | - | - | |||||
Other Liabilities Current | 101 | 114 | 104 | 86 | 88 | 98 | 93 | 85 | 83 | 83 | 82 | 72 | |||||
Liabilities Current | 241 | 264 | 226 | 199 | 240 | 249 | 226 | 212 | 194 | 189 | 177 | 168 | |||||
Operating Lease Liability Noncurrent | 67 | 67 | 73 | 77 | 83 | 86 | 91 | 97 | 101 | 105 | 110 | 112 | |||||
Convertible Debt Noncurrent | 231 | 231 | 230 | 235 | 235 | 277 | 276 | 276 | 302 | 452 | 452 | 451 | |||||
Long Term Notes Payable | 144 | 141 | 141 | 138 | 137 | 134 | 131 | 131 | 131 | 0 | - | - | |||||
Other Liabilities Noncurrent | 6 | 7 | 6 | 7 | 6 | 6 | 7 | 6 | 5 | 4 | 4 | 3 | |||||
Liabilities | 745 | 825 | 751 | 688 | 736 | 830 | 752 | 743 | 759 | 750 | 743 | 734 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 897 | 880 | 872 | 865 | 855 | 846 | 840 | 832 | 824 | 816 | 808 | 799 | |||||
Retained Earnings Accumulated Deficit | -1,257 | -1,296 | -1,257 | -1,203 | -1,191 | -1,254 | -1,185 | -1,167 | -1,151 | -1,120 | -1,098 | -1,075 | |||||
Stockholders Equity | -359 | -416 | -385 | -338 | -336 | -407 | -345 | -335 | -327 | -303 | -290 | -276 | |||||
Liabilities And Stockholders Equity | 386 | 409 | 366 | 349 | 400 | 423 | 406 | 407 | 432 | 447 | 453 | 459 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | |||||
Common Stock Shares Issued | 30 | 30 | 29 | 29 | 28 | 28 | 27 | 27 | 26 | 26 | 26 | 26 | |||||
Shares Outstanding | 30 | 30 | 29 | 29 | 28 | 28 | 27 | 27 | 26 | 26 | 26 | 26 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -22.26% | -1.94% | -10.24% | - | - | - | - | - | - | - | - | - |
| 2025 | -22.50% | -32.92% | -20.99% | 38.48% | 88.20% | 119.42% | 24.71% | 40.95% | 30.87% | -30.27% | -2.50% | -26.88% |
| 2024 | 14.02% | -15.61% | -8.73% | -14.84% | 4.84% | -5.48% | 92.79% | 256.07% | 210.49% | -13.16% | -22.83% | -21.83% |
| 2023 | 11.36% | 68.18% | 101.52% | 29.03% | -2.76% | -39.40% | 47.83% | 24.84% | 25.47% | 28.62% | 12.32% | 51.09% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.84 | 0.86 | 0.81 | 0.80 | 0.87 | 0.94 | 0.94 | 0.98 | 1.16 | 1.25 | 1.30 | 1.43 | |||||
| Quick Ratio | 0.62 | 0.66 | 0.59 | 0.59 | 0.70 | 0.75 | 0.75 | 0.79 | 0.96 | 1.02 | 1.04 | 1.16 | |||||
| Working Capital | -38.14M | -36.75M | -43.67M | -39.15M | -31.85M | -16.01M | -13.97M | -4.36M | 31.63M | 47.09M | 53.04M | 71.70M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -2.07 | -1.98 | -1.95 | -2.03 | -2.19 | -2.04 | -2.18 | -2.22 | -2.32 | -2.47 | -2.56 | -2.66 | |||||
| Interest Coverage TTM | -0.47 | -0.86 | -1.34 | -1.68 | -2.14 | -2.64 | -3.99 | -5.40 | -8.69 | -15.54 | -17.49 | -19.68 | |||||
| Debt Ratio | 1.93 | 2.02 | 2.05 | 1.97 | 1.84 | 1.96 | 1.85 | 1.82 | 1.76 | 1.68 | 1.64 | 1.60 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.84 | 1.67 | 1.72 | 1.68 | 1.48 | 1.38 | 1.35 | 1.31 | 1.17 | 1.03 | 1.04 | 1.04 | |||||
| Days Sales Outstanding TTM | 13.29 | 9.95 | 11.10 | 11.24 | 14.08 | 9.48 | 9.29 | 7.25 | 9.52 | 9.78 | 7.20 | 3.92 | |||||
| Receivables Turnover TTM | 27.45 | 36.67 | 32.90 | 32.48 | 25.93 | 38.51 | 39.29 | 50.37 | 38.33 | 37.33 | 50.69 | 93.08 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -2.08 | -1.44 | -2.45 | -1.18 | -1.35 | -4.98 | -3.11 | -3.33 | -4.45 | -6.62 | -7.22 | -8.31 | |||||
| Free Cash Flow Per Share TTM | 0.91 | 0.64 | -0.16 | -0.58 | -0.53 | 0.47 | -0.13 | -0.94 | -2.05 | -3.55 | -3.90 | -3.86 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 74.48% | 74.59% | 74.49% | 74.65% | 74.63% | 74.53% | 74.42% | 73.39% | 71.40% | 68.50% | 64.86% | 62.34% | |||||
| Operating Profit Margin TTM | -1.86% | -3.45% | -5.34% | -6.66% | -8.32% | -9.41% | -12.49% | -14.20% | -18.58% | -30.27% | -32.39% | -35.86% | |||||
| Net Profit Margin TTM | -9.03% | -6.03% | -10.78% | -5.55% | -6.60% | -22.35% | -15.08% | -16.35% | -21.24% | -30.67% | -32.78% | -36.46% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 17.16% | 15.38% | 14.30% | 12.68% | 11.89% | 9.32% | 2.52% | -1.71% | -7.93% | -8.98% | -3.97% | 1.77% | |||||
| Net Income Growth (1Y) | 60.35% | -68.85% | -18.26% | -61.75% | -65.23% | -20.34% | -52.83% | -55.91% | -47.15% | -14.24% | -11.73% | -4.67% | |||||
| EPS Growth (1Y) | 50.31% | -70.75% | -23.11% | -64.16% | -67.35% | -24.83% | -55.59% | -58.35% | -49.97% | -19.20% | -16.85% | -10.40% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -4.16 | -10.84 | -4.31 | -3.86 | -3.71 | -2.20 | -0.98 | -0.92 | -0.88 | -0.30 | -0.29 | -0.27 | |||||
| P/B TTM | -0.75 | -1.09 | -0.80 | -0.40 | -0.45 | -0.72 | -0.25 | -0.25 | -0.31 | -0.17 | -0.19 | -0.20 | |||||
| P/S TTM | 0.38 | 0.65 | 0.46 | 0.21 | 0.24 | 0.49 | 0.15 | 0.15 | 0.19 | 0.09 | 0.10 | 0.10 | |||||
| Market Cap | 271.32M | 453.17M | 307.99M | 136.57M | 150.97M | 294.78M | 85.58M | 85.24M | 102.84M | 51.16M | 54.15M | 56.04M | |||||
| Enterprise Value | 507.88M | 658.94M | 555.98M | 400.07M | 395.43M | 545.58M | 352.00M | 353.57M | 355.46M | 312.96M | 319.35M | 301.47M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 27.26M | 18.37M | -4.55M | -16.40M | -14.78M | 12.60M | -3.44M | -25.19M | -53.91M | -90.45M | -100.07M | -97.54M | |||||
| Net Debt | 236.56M | 205.77M | 247.99M | 263.50M | 244.46M | 250.81M | 266.42M | 268.33M | 252.62M | 261.80M | 265.20M | 245.43M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
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| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
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| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
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| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Dividends Paid Growth (5Y) | |||||||||||||||||
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| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
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| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
TheRealReal, Inc. (REAL) — SEC Financial Statements & Analysis
TheRealReal, Inc. (REAL) is a retail-miscellaneous retail company, incorporated in DE. TheRealReal, Inc. trades on Nasdaq as: REAL. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), TheRealReal, Inc. reported a 17.16% year-over-year revenue growth, a Gross Profit Margin of 74.48% (TTM), a Debt-to-Equity ratio of -2.07x, a Price-to-Sales (P/S) ratio of 0.38x (TTM), a Price-to-Book (P/B) ratio of -0.75 (TTM), at a market cap of $271.32M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 17.16%
- Gross Profit Margin TTM
- 74.48%
- Debt To Equity
- -2.07x
- P/S TTM
- 0.38x
- P/B TTM
- -0.75
- Market Cap
- $271.32M
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is TheRealReal, Inc. in?
TheRealReal, Inc. (REAL) operates in the Retail-Miscellaneous Retail industry.
What is REAL's market cap?
TheRealReal, Inc. (REAL) has a market capitalization of $271.32M as of 2026-03-31.
What exchange does REAL trade on?
TheRealReal, Inc. (REAL) trades on the Nasdaq.
Where is TheRealReal, Inc. incorporated?
TheRealReal, Inc. is incorporated in DE.