The Realreal Inc (REAL) financials
Realreal revenue and earnings by year
Realreal's revenue was $693 million in the fiscal year to December 31, 2025, up 15.4% from the year before. Net income was -$41.8 million, -6.0% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 22.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 693 | 600 | 549 | 603 | 468 | 300 | 316 | 214 | 138 |
| Revenue growth | 15.4% | 9.3% | -9.0% | 29.0% | 55.9% | -5.2% | 48.0% | 55.4% | — |
| Gross profit | 517 | 448 | 376 | 349 | 273 | 188 | 202 | 137 | 88 |
| Gross margin | 74.6% | 74.5% | 68.5% | 57.8% | 58.5% | 62.5% | 63.7% | 64.1% | 63.7% |
| Operating income | -24 | -56 | -166 | -189 | -215 | -173 | -100 | -74 | -52 |
| Operating margin | -3.5% | -9.4% | -30.3% | -31.3% | -46.0% | -57.6% | -31.6% | -34.6% | -37.7% |
| Net income | -42 | -134 | -168 | -196 | -236 | -176 | -98 | -76 | -52 |
| Net margin | -6.0% | -22.3% | -30.7% | -32.6% | -50.5% | -58.6% | -31.1% | -35.4% | -38.0% |
| Diluted EPS | — | -$1.24 | -$1.65 | -$2.05 | -$2.58 | — | — | — | — |
| Free cash flow | 5 | 1 | -103 | -128 | -190 | -161 | -89 | -66 | -53 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open REAL in Markets.
How Realreal makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Services | $148M | 77.0% |
| Product | $25.8M | 13.4% |
| Shipping & Handling | $18.6M | 9.6% |
See also: REAL returns
No forecast, no recommendation. This page describes The Realreal Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.