The RealReal, Inc. (REAL)

The RealReal Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	692.85	600.48	549.3	603.49	467.69
Revenue Growth (YoY)	15.38%	9.32%	-8.98%	29.04%	55.92%
Cost of Revenue	176.02	152.96	173.03	254.8	194.22
Gross Profit	516.82	447.52	376.28	348.69	273.48
Selling, General & Admin	264.84	242.99	242.07	258.33	239
Other Operating Expenses	275.92	261.02	300.5	279.52	249.39
Total Operating Expenses	540.76	504.02	542.57	537.85	488.39
Operating Income	-23.93	-56.5	-166.29	-189.16	-214.91
Interest Income	4.26	7.94	8.81	3.19	0.37
Interest Expense	-27.7	-21.38	-10.7	-10.47	-21.53
Other Non-Operating Income (Expense)	5.94	-63.99	-	0.17	0.02
Total Non-Operating Income (Expense)	-17.5	-77.43	-1.9	-7.11	-21.14
Pretax Income	-41.44	-133.93	-168.19	-196.27	-236.05
Provision for Income Taxes	0.36	0.28	0.28	0.17	0.06
Net Income	-41.8	-134.2	-168.47	-196.45	-236.11
Net Income to Common	-41.8	-134.2	-168.47	-196.45	-236.11
Shares Outstanding (Basic)	115	108	102	96	91
Shares Outstanding (Diluted)	117	108	102	96	91
Shares Change (YoY)	8.00%	5.96%	6.13%	4.94%	4.36%
EPS (Basic)	-0.36	-1.24	-1.65	-2.05	-2.58
EPS (Diluted)	-0.70	-1.24	-1.65	-2.05	-2.58
Free Cash Flow	18.37	12.6	-90.45	-114.42	-179.62
Free Cash Flow Growth	45.78%	-	-	-	-
Free Cash Flow Per Share	0.16	0.12	-0.89	-1.19	-1.97
Gross Margin	74.59%	74.53%	68.50%	57.78%	58.47%
Operating Margin	-3.45%	-9.41%	-30.27%	-31.34%	-45.95%
Profit Margin	-6.03%	-22.35%	-30.67%	-32.55%	-50.48%
FCF Margin	2.65%	2.10%	-16.47%	-18.96%	-38.41%
EBITDA	9.07	-23.4	-134.6	-161.49	-191.38
EBITDA Margin	1.31%	-3.90%	-24.50%	-26.76%	-40.92%
EBIT	-23.93	-56.5	-166.29	-189.16	-214.91
EBIT Margin	-3.45%	-9.41%	-30.27%	-31.34%	-45.95%
Effective Tax Rate	-0.88%	-0.21%	-0.17%	-0.09%	-0.02%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q