REAL Chart
About

The RealReal, Inc. operates an online marketplace for resale luxury goods worldwide. It provides a range of product categories, including women's fashion, men's fashion, jewelry, and watches. The company primarily sells products through its website, online marketplace, mobile app, and retail stores. The RealReal, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Luxury Goods Market Cap 1.35B
Enterprise Value 1.71B Income -71.47M Sales 662.79M
Book/sh -3.30 Cash/sh 0.93 Dividend Yield —
Payout 0.00% Employees 3011 IPO —
P/E — Forward P/E 402.29 PEG —
P/S 2.04 P/B -3.52 P/C —
EV/EBITDA -770.22 EV/Sales 2.59 Quick Ratio 0.59
Current Ratio 0.81 Debt/Eq — LT Debt/Eq —
EPS (ttm) -1.01 EPS next Y 0.03 EPS Growth —
Revenue Growth 17.50% Earnings 2026-02-26 ROA -5.72%
ROE — ROIC — Gross Margin 74.49%
Oper. Margin -4.35% Profit Margin -10.78% Shs Outstand 116.68M
Shs Float 106.42M Short Float 17.55% Short Ratio 7.70
Short Interest — 52W High 17.39 52W Low 4.61
Beta 2.65 Avg Volume 2.70M Volume 4.20M
Target Price $18.00 Recom Strong_buy Prev Close $10.97
Price $11.61 Change 5.83%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.00
Mean price target
2. Current target
$11.79
Latest analyst target
3. DCF / Fair value
$0.30
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.79
Low
$15.00
High
$20.00
Mean
$18.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-22 main Keybanc Overweight → Overweight $20
2026-01-08 main UBS Neutral → Neutral $16
2025-12-30 main BTIG Buy → Buy $18
2025-12-16 main Wells Fargo Overweight → Overweight $20
2025-12-15 init William Blair — → Outperform —
2025-12-12 main B. Riley Securities Buy → Buy $17
2025-11-11 main UBS Neutral → Neutral $14
2025-11-11 reit B. Riley Securities Buy → Buy $14
2025-11-11 main Baird Neutral → Neutral $13
2025-11-11 main BTIG Buy → Buy $15
2025-11-05 up Keybanc Sector Weight → Overweight $16
2025-10-15 main UBS Neutral → Neutral $11
2025-09-15 main B. Riley Securities Buy → Buy $12
2025-09-10 main BTIG Buy → Buy $11
2025-08-08 main UBS Neutral → Neutral $8
2025-08-08 main B. Riley Securities Buy → Buy $9
2025-07-17 init B. Riley Securities — → Buy $8
2025-05-09 main UBS Neutral → Neutral $7
2025-02-26 main UBS Neutral → Neutral $9
2024-12-17 main Northland Capital Markets Outperform → Outperform $13
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1107 — — Stock Award(Grant) at price 0.00 per share. KATZ KAREN W. Director — 2025-12-31 00:00:00 D
1 554 — — Stock Award(Grant) at price 0.00 per share. LEONDAKIS NIKI Director — 2025-12-31 00:00:00 D
2 62355 896424 — Sale at price 14.13 - 14.45 per share. LO STEVE MING Officer — 2025-12-09 00:00:00 D
3 28520 420014 — Sale at price 14.73 per share. MADAN GOPAL AJAY Chief Financial Officer — 2025-11-26 00:00:00 D
4 72933 1028647 — Sale at price 14.10 per share. SUKO TODD ANDREW Officer — 2025-11-25 00:00:00 D
5 59789 864250 — Sale at price 14.46 per share. LO STEVE MING Officer — 2025-11-25 00:00:00 D
6 31611 412840 — Sale at price 13.06 per share. SUKO TODD ANDREW Officer — 2025-11-21 00:00:00 D
7 18619 243164 — Sale at price 13.06 per share. FRIANG LUKE THOMAS Chief Technology Officer — 2025-11-21 00:00:00 D
8 97036 1267290 — Sale at price 13.06 per share. SAHI LEVESQUE RATI Chief Executive Officer — 2025-11-21 00:00:00 D
9 22426 292884 — Sale at price 13.06 per share. LO STEVE MING Officer — 2025-11-21 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-13.48M-9.13M-188.16K-4.24M
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA-15.26M-82.33M-157.24M-175.29M
TotalUnusualItems-64.19M-43.46M-896.00K-15.70M
TotalUnusualItemsExcludingGoodwill-64.19M-43.46M-896.00K-15.70M
NetIncomeFromContinuingOperationNetMinorityInterest-134.20M-168.47M-196.44M-236.11M
ReconciledDepreciation33.10M31.70M27.67M23.53M
ReconciledCostOfRevenue152.96M173.03M254.80M194.22M
EBITDA-79.44M-125.79M-158.13M-190.99M
EBIT-112.54M-157.49M-185.80M-214.52M
NetInterestIncome-13.44M-1.90M-7.28M-21.17M
InterestExpense21.38M10.70M10.47M21.53M
InterestIncome7.94M8.80M3.19M365.00K
NormalizedIncome-83.50M-134.14M-195.74M-224.64M
NetIncomeFromContinuingAndDiscontinuedOperation-134.20M-168.47M-196.44M-236.11M
TotalExpenses656.78M672.13M791.76M666.90M
TotalOperatingIncomeAsReported-56.49M-166.29M-189.16M-214.91M
DilutedAverageShares107.88M101.81M95.92M91.41M
BasicAverageShares107.88M101.81M95.92M91.41M
DilutedEPS-1.24-1.65-2.05-2.58
BasicEPS-1.24-1.65-2.05-2.58
DilutedNIAvailtoComStockholders-134.20M-168.47M-196.44M-236.11M
NetIncomeCommonStockholders-134.20M-168.47M-196.44M-236.11M
OtherunderPreferredStockDividend0.00
NetIncome-134.20M-168.47M-196.44M-236.11M
NetIncomeIncludingNoncontrollingInterests-134.20M-168.47M-196.44M-236.11M
NetIncomeContinuousOperations-134.20M-168.47M-196.44M-236.11M
TaxProvision276.00K283.00K172.00K56.00K
PretaxIncome-133.93M-168.19M-196.27M-236.05M
OtherIncomeExpense-64.19M-43.46M-725.00K-15.68M
OtherNonOperatingIncomeExpenses171.00K23.00K
SpecialIncomeCharges3.98M-43.46M-896.00K-15.70M
OtherSpecialCharges-4.18M1.34M456.00K13.39M
RestructuringAndMergernAcquisition196.00K43.46M896.00K2.31M
GainOnSaleOfSecurity-68.17M
NetNonOperatingInterestIncomeExpense-13.44M-1.90M-7.28M-21.17M
InterestExpenseNonOperating21.38M10.70M10.47M21.53M
InterestIncomeNonOperating7.94M8.80M3.19M365.00K
OperatingIncome-56.30M-122.83M-188.27M-199.21M
OperatingExpense503.82M499.11M536.96M472.68M
OtherOperatingExpenses260.83M257.04M278.63M233.69M
SellingGeneralAndAdministration242.99M242.07M258.33M239.00M
SellingAndMarketingExpense55.26M58.27M62.99M62.75M
GeneralAndAdministrativeExpense187.74M183.79M195.34M176.25M
OtherGandA187.74M183.79M195.34M176.25M
GrossProfit447.52M376.28M348.69M273.48M
CostOfRevenue152.96M173.03M254.80M194.22M
TotalRevenue600.48M549.30M603.49M467.69M
OperatingRevenue600.48M549.30M603.49M467.69M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber111.24M104.67M99.09M92.96M
ShareIssued111.24M104.67M99.09M92.96M
NetDebt265.72M276.71M156.06M
TotalDebt546.55M577.37M595.74M509.79M
TangibleBookValue-407.38M-303.30M-170.09M73.13M
InvestedCapital30.55M149.12M279.76M421.51M
WorkingCapital-16.01M47.09M164.75M329.83M
NetTangibleAssets-407.38M-303.30M-170.09M73.13M
CapitalLeaseObligations108.62M124.95M145.89M161.41M
CommonStockEquity-407.38M-303.30M-170.09M73.13M
TotalCapitalization3.90M149.12M279.76M421.51M
TotalEquityGrossMinorityInterest-407.38M-303.30M-170.09M73.13M
StockholdersEquity-407.38M-303.30M-170.09M73.13M
GainsLossesNotAffectingRetainedEarnings0.00
RetainedEarnings-1.25B-1.12B-951.15M-768.13M
AdditionalPaidInCapital846.45M816.33M781.06M841.25M
CapitalStock1.00K1.00K1.00K1.00K
CommonStock1.00K1.00K1.00K1.00K
TotalLiabilitiesNetMinorityInterest830.47M750.22M785.73M681.82M
TotalNonCurrentLiabilitiesNetMinorityInterest581.79M561.36M578.22M493.83M
OtherNonCurrentLiabilities6.14M4.08M3.25M2.29M
DerivativeProductLiabilities78.58M0.00
LongTermDebtAndCapitalLeaseObligation497.07M557.28M574.97M491.54M
LongTermCapitalLeaseObligation85.79M104.86M125.12M143.16M
LongTermDebt411.28M452.42M449.85M348.38M
CurrentLiabilities248.68M188.86M207.51M187.99M
OtherCurrentLiabilities24.47M19.64M16.36M13.61M
CurrentDeferredLiabilities2.44M2.21M3.55M3.39M
CurrentDeferredRevenue2.44M2.21M3.55M3.39M
CurrentDebtAndCapitalLeaseObligation49.49M20.09M20.78M18.25M
CurrentCapitalLeaseObligation22.84M20.09M20.78M18.25M
CurrentDebt26.65M
OtherCurrentBorrowings26.65M
PensionandOtherPostRetirementBenefitPlansCurrent24.75M20.09M15.11M14.26M
CurrentProvisions22.41M22.20M22.23M23.58M
PayablesAndAccruedExpenses125.12M104.62M129.49M114.91M
CurrentAccruedExpenses14.67M10.42M27.51M30.43M
InterestPayable5.00M1.17M1.17M1.17M
Payables110.45M94.20M101.98M84.48M
OtherPayable89.72M77.12M81.54M71.04M
TotalTaxPayable9.73M8.12M8.53M8.94M
AccountsPayable11.00M8.96M11.90M4.50M
TotalAssets423.10M446.92M615.64M754.94M
TotalNonCurrentAssets190.43M210.98M243.38M237.13M
OtherNonCurrentAssets20.27M20.54M2.75M2.54M
NetPPE170.16M190.44M240.63M234.60M
AccumulatedDepreciation-95.81M-74.47M-63.13M-50.35M
GrossPPE265.96M264.91M303.77M284.94M
Leases88.84M84.14M86.99M66.15M
OtherProperties75.71M86.35M127.95M145.31M
MachineryFurnitureEquipment101.41M94.42M88.83M73.48M
Properties0.000.000.000.00
CurrentAssets232.67M235.95M372.26M517.81M
OtherCurrentAssets22.91M20.77M23.29M20.86M
PrepaidAssets20.86M
Inventory23.58M22.25M42.97M71.02M
Receivables13.96M17.23M12.21M7.77M
AccountsReceivable13.96M17.23M12.21M7.77M
CashCashEquivalentsAndShortTermInvestments172.21M175.71M293.79M418.17M
OtherShortTermInvestments0.00
CashAndCashEquivalents172.21M175.71M293.79M418.17M
CashEquivalents147.34M124.76M18.05M139.40M
CashFinancial24.87M50.95M275.74M278.77M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow798.00K-103.40M-128.48M-189.59M
RepaymentOfDebt0.00
IssuanceOfDebt0.000.00278.23M
IssuanceOfCapitalStock0.00
CapitalExpenditure-26.05M-42.13M-36.92M-47.44M
InterestPaidSupplementalData10.68M8.13M8.10M6.58M
IncomeTaxPaidSupplementalData200.00K227.00K256.00K94.00K
EndCashPosition187.12M190.62M293.79M418.17M
BeginningCashPosition190.62M293.79M418.17M350.85M
ChangesInCash-3.50M-103.17M-124.38M67.33M
FinancingCashFlow-4.76M226.00K4.10M252.91M
CashFlowFromContinuingFinancingActivities-4.76M226.00K4.10M252.91M
NetOtherFinancingCharges-6.55M-679.00K-205.00K-33.67M
ProceedsFromStockOptionExercised1.79M905.00K4.31M8.35M
NetPreferredStockIssuance0.00
PreferredStockIssuance0.00
NetCommonStockIssuance0.00
CommonStockIssuance0.00
NetIssuancePaymentsOfDebt0.000.00278.23M
NetLongTermDebtIssuance0.000.00278.23M
LongTermDebtPayments0.00
LongTermDebtIssuance0.000.00278.23M
InvestingCashFlow-25.59M-42.13M-36.92M-43.44M
CashFlowFromContinuingInvestingActivities-25.59M-42.13M-36.92M-43.44M
NetOtherInvestingChanges461.00K
NetInvestmentPurchaseAndSale0.000.004.00M
SaleOfInvestment0.000.004.00M
PurchaseOfInvestment0.000.00
NetPPEPurchaseAndSale-14.25M-29.18M-22.86M-37.47M
PurchaseOfPPE-14.25M-29.18M-22.86M-37.47M
CapitalExpenditureReported-11.80M-12.95M-14.06M-9.97M
OperatingCashFlow26.85M-61.27M-91.56M-142.15M
CashFlowFromContinuingOperatingActivities26.85M-61.27M-91.56M-142.15M
ChangeInWorkingCapital2.84M-29.05M2.65M-14.86M
ChangeInOtherCurrentLiabilities-20.50M-26.65M-17.46M-14.34M
ChangeInOtherCurrentAssets76.00K-3.05M-409.00K-638.00K
ChangeInPayablesAndAccruedExpense25.47M-5.31M5.62M34.92M
ChangeInAccruedExpense13.09M-464.00K-9.82M30.92M
ChangeInPayable12.38M-4.85M15.45M4.00M
ChangeInAccountPayable910.00K-425.00K4.95M-9.99M
ChangeInPrepaidAssets701.00K2.00M-2.95M-4.01M
ChangeInInventory-3.68M10.94M23.97M-29.20M
ChangeInReceivables767.00K-6.98M-6.12M-1.59M
ChangesInAccountReceivables767.00K-6.98M-6.12M-1.59M
OtherNonCashItems26.58M18.80M22.67M34.39M
StockBasedCompensation29.08M34.27M46.14M48.80M
AssetImpairmentCharge5.09M51.48M5.76M1.54M
DepreciationAmortizationDepletion33.10M31.70M27.67M23.53M
DepreciationAndAmortization33.10M31.70M27.67M23.53M
OperatingGainsLosses64.36M223.00K702.00K546.00K
GainLossOnInvestmentSecurities68.54M
GainLossOnSaleOfPPE223.00K702.00K546.00K
NetIncomeFromContinuingOperations-134.20M-168.47M-196.44M-236.11M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for REAL
Date User Asset Broker Type Position Size Entry Price Patterns