TheRealReal
REAL
9.46
+0.06
+0.64%
TheRealReal
US · REAL
#3157 by market cap
Listed 2019
9.46
+0.06
+0.64%
Live - 5344 symbols - heartbeat 354s ago
· 2026-10-08 10:11
Pre-market
9.38
-0.21%
After-hours
9.40
0.00%
- Market cap
- 1.15B
- P/E (TTM)i
- -16.89
- P/Bi
- -3.05
- EPSi
- -0.70
- Div yieldi
- 0.00%
- 52W posi
- 15%
Reader sentiment
Are you bullish or bearish on REAL?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is -2.20, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +15.38% YoY
Margins
- Gross margin
- 74.59%
- Operating margin
- -3.45%
- Net margin
- -6.03%
Key ratios & quality
- Enterprise valuei
- 1.40B
- Altman Z-Scorei
- -2.20
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 213.73M | 316.35M | 299.95M | 467.69M | 603.49M | 549.30M | 600.48M | 692.85M |
| Gross profit | 136.92M | 201.52M | 187.57M | 273.48M | 348.69M | 376.28M | 447.52M | 516.82M |
| Selling & admin expenses | 105.89M | 158.40M | 195.47M | 239.00M | 258.33M | 242.07M | 242.99M | 264.84M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -73.90M | -100.11M | -171.71M | -199.21M | -188.27M | -122.83M | -56.30M | -23.93M |
| Pretax profit | -75.67M | -98.23M | -175.73M | -236.05M | -196.27M | -168.19M | -133.93M | -41.44M |
| Tax | 99.00K | 199.00K | 101.00K | 56.00K | 172.00K | 283.00K | 276.00K | 363.00K |
| Net profit | -75.77M | -98.43M | -175.83M | -236.11M | -196.45M | -168.47M | -134.20M | -41.80M |
| Basic EPS | -1 | -2 | -2 | -3 | -2 | -2 | -1 | 0 |
| Diluted EPS | -1.35 | -2.14 | -2.01 | -2.58 | -2.05 | -1.65 | -1.24 | -0.70 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 160.03M | 165.19M | 173.57M | 194.05M | 189.72M | 192.57M |
| Gross profit | 120.02M | 122.68M | 128.92M | 145.20M | 141.33M | 143.20M |
| Selling & admin expenses | 65.82M | 63.58M | 65.77M | 69.68M | 70.89M | 70.78M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -12.77M | -9.89M | -7.55M | 6.27M | -2.27M | -2.28M |
| Pretax profit | 62.50M | -11.28M | -54.03M | -38.63M | 39.04M | -27.13M |
| Tax | 95.00K | 89.00K | 24.00K | 155.00K | 108.00K | 101.00K |
| Net profit | 62.40M | -11.37M | -54.05M | -38.78M | 38.94M | -27.23M |
| Basic EPS | 1 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.14 | -0.13 | -0.49 | -0.33 | -0.07 | -0.23 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 89.15M | 406.76M | 421.47M | 517.81M | 372.26M | 235.95M | 232.67M | 227.49M |
| Cash & ST investments | 61.52M | 363.26M | 354.86M | 418.17M | 293.79M | 175.71M | 172.21M | 151.23M |
| Inventory | 10.36M | 21.92M | 42.32M | 71.02M | 42.97M | 22.25M | 23.58M | 30.84M |
| Total assets | 135.42M | 465.25M | 605.11M | 754.94M | 615.64M | 446.92M | 423.10M | 409.03M |
| Total current liabilities | 88.35M | 118.55M | 148.26M | 187.99M | 207.51M | 188.86M | 248.68M | 264.24M |
| Short-term debt | 5.99M | -- | 15.00M | 18.25M | 20.78M | 20.09M | 49.49M | 24.65M |
| Long-term debt | 3.25M | -- | 149.19M | 348.38M | 449.85M | 452.42M | 411.28M | 371.81M |
| Total liabilities | 393,107,000.00 | 128,002,000.00 | 413,816,000.00 | 681,816,000.00 | 785,733,000.00 | 750,222,000.00 | 830,471,000.00 | 824,551,000.00 |
| Total equity | -257.69M | 337.25M | 191.29M | 73.13M | -170.09M | -303.30M | -407.38M | -415.52M |
| Retained earnings | -257.67M | -356.19M | -532.02M | -768.13M | -951.15M | -1.12B | -1.25B | -1.30B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 208.15M | 160.33M | 182.42M | 227.49M | 202.96M | 193.32M |
| Cash & ST investments | 139.60M | 94.35M | 108.42M | 151.23M | 123.95M | 119.13M |
| Inventory | 26.47M | 28.78M | 29.70M | 30.84M | 33.93M | 35.43M |
| Total assets | 400.37M | 349.38M | 366.21M | 409.03M | 385.91M | 378.29M |
| Total current liabilities | 239.99M | 199.49M | 226.09M | 264.24M | 241.10M | 233.48M |
| Short-term debt | 49.57M | 23.51M | 24.08M | 24.65M | 22.42M | 23.10M |
| Long-term debt | 372.22M | 372.70M | 371.27M | 371.81M | 375.32M | 375.81M |
| Total liabilities | 736,436,000.00 | 687,627,000.00 | 751,264,000.00 | 824,551,000.00 | 745,284,000.00 | 756,018,000.00 |
| Total equity | -336.07M | -338.24M | -385.05M | -415.52M | -359.37M | -377.73M |
| Retained earnings | -1.19B | -1.20B | -1.26B | -1.30B | -1.26B | -1.28B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -47.20M | -54.49M | -134.42M | -142.15M | -91.56M | -61.27M | 26.85M | 37.01M |
| Depreciation & amortization | 9.29M | 13.41M | 18.85M | 23.53M | 27.67M | 31.70M | 33.10M | 33.00M |
| Free cash flow | -66.31M | -88.52M | -161.35M | -189.59M | -128.48M | -103.40M | 798.00K | 5.48M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 315.54M | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 45.63M | 154.45M | 350.85M | 418.17M | 293.79M | 190.62M | 187.12M | 166.04M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -28.27M | -3.57M | 19.33M | 49.52M | -16.62M | 1.62M |
| Depreciation & amortization | 8.38M | 8.26M | 8.21M | 8.16M | 8.09M | 7.82M |
| Free cash flow | -35.85M | -14.99M | 13.72M | 42.60M | -27.26M | -6.08M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 154.46M | 109.20M | 123.28M | 166.04M | 138.76M | 133.91M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -246.44 | -66.32 | -178.58 | -- | -- | -- | -- |
| ROA %i | -71.26 | -33.24 | -32.80 | -34.72 | -28.67 | -31.71 | -30.85 | -10.05 |
| ROIC %i | -- | -253.59 | -31.93 | -41.89 | -- | -- | -- | -- |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -35.93 | -30.16 | -56.83 | -45.87 | -30.79 | -28.67 | -18.74 | -1.98 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | 0.13 | 0.79 |
| Current ratioi | 1.01 | 3.43 | 2.84 | 2.75 | 1.79 | 1.25 | 0.94 | 0.86 |
| Quick ratioi | 0.78 | 3.13 | 2.44 | 2.27 | 1.47 | 1.02 | 0.75 | 0.66 |
| Debt / assetsi | 6.82 | 0.00 | 46.15 | 67.53 | 96.77 | 129.19 | 129.18 | 113.26 |
| LT debt / equityi | -- | -- | 138.15 | 672.16 | -- | -- | -- | -- |
| Interest coveragei | -64.68 | -155.73 | -32.38 | -9.96 | -17.74 | -14.72 | -5.26 | -0.50 |
| Revenue CAGR (3Y) %i | -- | -- | 29.69 | 29.83 | 24.02 | 22.35 | 8.69 | 4.71 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -- | -- | -- | -- |
| ROA %i | -9.78 | -9.34 | -18.50 | -10.05 | -16.60 | -22.30 |
| ROIC %i | -- | -- | -- | -- | -- | -- |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -2.67 | -1.54 | -6.76 | -1.98 | -5.02 | -6.92 |
| FCF / sales %i | -- | -- | -- | 0.79 | 1.95 | 3.06 |
| Current ratioi | 0.87 | 0.80 | 0.81 | 0.86 | 0.84 | 0.83 |
| Quick ratioi | 0.70 | 0.59 | 0.59 | 0.66 | 0.62 | 0.60 |
| Debt / assetsi | 125.96 | 135.41 | 127.86 | 113.26 | 120.37 | 122.48 |
| LT debt / equityi | -- | -- | -- | -- | -- | -- |
| Interest coveragei | -0.69 | -0.39 | -1.70 | -0.50 | -1.27 | -1.80 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 10:11:28 · For reference only, not investment advice and not tailored to your situation.