Symbols

REAL

The RealReal·NASDAQ

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REAL fundamentals

REAL Q4 2025 Earnings

The RealReal (REAL) released its earnings on Feb 26, 2026: revenue was 194.05M (YoY +18.33%), beat estimates; EPS was 0.06 (YoY +700.00%), beat estimates.

Revenue / YoY

194.05M

+18.33%

EPS / YoY

0.06

+700.00%

Report date

Feb 26, 2026

REAL Earnings Call Summary for Q4,2025

Record Growth: Q4 GMV up 22% to $616M, annual GMV surpasses $2B with 11% EBITDA margin.
Operational Efficiency: Athena processed 35% of units, driving 450bps margin expansion and $43M free cash flow.
AI-Driven Innovation: MyCloset tools and AI search improve buyer conversion, while direct revenue grows 39% YoY.
2026 Outlook: Guided for 12-15% GMV growth and 8% EBITDA margin, with Q1 GMV +19-22%.

Earnings

EPS

Revenue

Revenue & Expenses

REAL has released its 2025 Q4 earnings report, with revenue of 194.05M, reflecting a YoY change of 18.33%, and net profit of -38.78M, showing a YoY change of 43.35%. The Sankey diagram below clearly presents REAL's revenue sources and cost distribution.

Key Indicators

The RealReal (REAL) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

The RealReal (REAL)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Breakdown

Balance Sheet

The RealReal (REAL)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

The RealReal (REAL)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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Breakdown