The RealReal Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	151.23	172.21	175.71	293.79	418.17
Cash & Short-Term Investments	151.23	172.21	175.71	293.79	418.17
Cash Growth	-12.18%	-1.99%	-40.19%	-29.74%	17.84%
Receivables	23.82	13.96	17.23	12.21	7.77
Inventory	30.84	23.58	22.25	42.97	71.02
Prepaid Expenses	21.6	22.91	20.77	23.29	20.86
Total Current Assets	227.49	232.67	235.95	372.26	517.81
Property, Plant & Equipment	160.79	170.16	190.44	240.63	234.6
Other Long-Term Assets	20.75	20.27	20.54	2.75	2.54
Total Assets	409.03	423.1	446.92	615.64	754.94
Accounts Payable	14.57	11	8.96	11.9	4.5
Accrued Expenses	113.53	49.15	38.63	39.74	52.19
Current Portion of Long-Term Debt	-	26.65	-	-	-
Current Portion of Leases	24.65	22.84	20.09	20.78	18.25
Current Unearned Revenue	-	2.44	2.21	3.55	3.39
Other Current Liabilities	111.5	136.6	118.97	131.55	109.65
Total Current Liabilities	264.24	248.68	188.86	207.51	187.99
Long-Term Debt	371.81	411.28	452.42	449.85	348.38
Long-Term Leases	66.79	85.79	104.86	125.12	143.16
Other Long-Term Liabilities	121.71	84.73	4.08	3.25	2.29
Total Liabilities	824.55	830.47	750.22	785.73	681.82
Common Stock	0	0	0	0	0
Additional Paid-In Capital	880.11	846.45	816.33	781.06	841.26
Retained Earnings	-1,296	-1,254	-1,120	-951.15	-768.13
Total Common Equity	-415.52	-407.38	-303.3	-170.09	73.13
Shareholders' Equity	-415.52	-407.38	-303.3	-170.09	73.13
Total Liabilities & Equity	409.03	423.1	446.92	615.64	754.94
Total Debt	463.25	546.56	577.37	595.74	509.79
Net Cash (Debt)	-312.02	-374.34	-401.66	-301.95	-91.62
Net Cash Per Share	-2.68	-3.47	-3.95	-3.15	-1.00
Filing Date Shares Outstanding	118.98	111.25	104.69	99.25	93.06
Total Common Shares Outstanding	118.32	111.24	104.67	99.09	92.96
Working Capital	-36.75	-16.01	47.09	164.75	329.83
Book Value Per Share	-3.51	-3.66	-2.90	-1.72	0.79
Tangible Book Value	-415.52	-407.38	-303.3	-170.09	73.13
Tangible Book Value Per Share	-3.51	-3.66	-2.90	-1.72	0.79
Machinery	-	54	49.46	49.81	41.68
Leasehold Improvements	-	88.84	84.14	86.99	66.15

Updated Feb 26, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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