NASDAQ:REAL
TheRealReal, Inc.
TheRealReal, Inc.'s revenue grew 15.4% in fiscal 2025 to $692.8M while operating margin rose to −3.5%, its highest in 9 years. Free cash flow was $18.4M, 2.7% of revenue, and the diluted share count rose 8.0%.Summary generated from TheRealReal, Inc.'s SEC filings. Latest annual report filed Feb 26, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$692.8M
Revenue growth+15.4%
Revenue, 5-yr CAGR+18.2%
Gross margin74.6%
Operating margin−3.5%
Net margin−6.0%
ROICn/a
Return on equityn/a
Debt / equityn/a
Free cash flow$18.4M
FCF margin2.7%
Share count change+8.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 468 | 603 | 549 | 600 | 693 |
| Operating income | −215 | −189 | −166 | −56 | −24 |
| Net income | −236 | −196 | −168 | −134 | −42 |
| Free cash flow | −180 | −114 | −90 | 13 | 18 |
Recent filings
- 4Insider transaction report
Oct 1, 2026 - 4Insider transaction report
Oct 1, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KResults of operations and financial condition
Aug 6, 2026 - 8-KResults of a shareholder vote
Jun 12, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 7, 2026 - 8-KResults of operations and financial condition
May 7, 2026 - DEF 14AProxy statement
Apr 27, 2026