Results: The RealReal, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
The RealReal, Inc. (NASDAQ:REAL) shares plunged 20% despite exceeding earnings expectations with a statutory profit of US$0.33 per share, instead of a forecast loss. Analysts have updated their models, with revenue forecasts for 2026 at US$780.6m and a projected profit of US$0.16 per share, indicating a more bullish outlook on earnings. However, the average analyst price target fell by 5.2% to US$17.25, suggesting underlying concerns despite the improved earnings per share.
The RealReal, Inc. 2026 Q1 - Results - Earnings Call Presentation (NASDAQ:REAL) 2026-05-10
This article provides details on The RealReal, Inc.'s Q1 2026 earnings call presentation. The company reported an EPS of -$0.01, beating expectations by $0.00, and revenue of $189.72M, surpassing estimates by $1.30M with an 18.55% year-over-year increase. The earnings call presentation slides were published by The RealReal, Inc. in conjunction with their earnings call.
[S-3ASR] TheRealReal, Inc. SEC Filing
The RealReal, Inc. (REAL) filed a shelf registration statement (S-3ASR) on May 8, 2026, to allow for the future issuance of various securities including common stock, preferred stock, debt securities, and warrants. This filing provides the company and certain selling securityholders flexibility to offer these securities "from time to time" without requiring a new registration for each offering. Specific terms, amounts, and prices for any future offerings will be detailed in separate prospectus supplements.
Earnings Flash (REAL) The RealReal, Inc. Reports Q1 Revenue $189.7M, Vs. FactSet Est of $188.4M
The RealReal, Inc. (REAL) reported its Q1 revenue of $189.7 million, exceeding the FactSet estimate of $188.4 million. The article also mentions Unity Software's (U.US) fourth-quarter earnings, where revenue increased 35% year-over-year to $609 million, beating the consensus estimate of $562.71 million, though the company reported a quarterly loss of 66 cents per share.
RealReal (NASDAQ: REAL) grows Q1 2026 revenue and boosts Adjusted EBITDA
TheRealReal, Inc. (NASDAQ: REAL) reported significant revenue growth and improved Adjusted EBITDA for Q1 2026. Total revenue increased to $189.7 million from $160.0 million year-over-year, primarily driven by consignment sales. Adjusted EBITDA rose to $13.1 million, reflecting enhanced core profitability, although a reported net income of $38.9 million was largely influenced by non-cash gains from warrant liability fair value changes.
RealReal (NASDAQ: REAL) posts 24% GMV growth and lifts 2026 profit guidance
The RealReal (NASDAQ: REAL) reported strong Q1 2026 results, with Gross Merchandise Value (GMV) up 24% year-over-year to $606 million and total revenue increasing 19% to $189.7 million. Adjusted EBITDA significantly improved to $13.1 million (6.9% of revenue) from $4.1 million in Q1 2025, and the company raised its full-year 2026 guidance for GMV, revenue, and Adjusted EBITDA. Despite a drop in GAAP net income due to non-recurring prior-year gains and continued negative free cash flow, active buyers and average order value both increased, signaling strong operational performance and confidence in future profitability.
TheRealReal in the spotlight: Earnings test profit momentum
TheRealReal Inc. is set to announce its first-quarter earnings, with investors focused on whether the luxury resale platform can maintain its path to profitability after a surprise profit last quarter. Analysts predict a return to negative earnings despite a projected 17.5% year-over-year revenue increase, raising questions about the sustainability of its growth and profit momentum. The company's ability to capitalize on the booming luxury resale market while managing costs will be a key point of interest.
Luxury resale marketplace lifts 2026 outlook after sales volume jumps 24%
The RealReal (NASDAQ: REAL), a luxury resale marketplace, reported a strong Q1 2026 with GMV up 24% to $606 million and total revenue increasing 19% to $190 million. The company also improved its Adjusted EBITDA to $13.1 million and saw a 10% increase in active buyers. Following these positive results, The RealReal raised its full-year 2026 guidance, reflecting confidence in its continued growth and leadership in the luxury resale market.
Universal Beteiligungs und Servicegesellschaft mbH Takes Position in The RealReal, Inc. $REAL
Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake of 202,039 shares in The RealReal, valued at approximately $3.19 million, during the fourth quarter. This move is part of broader institutional interest, with other firms like American Century and Jupiter Asset Management also significantly increasing their holdings. Despite institutional buying, company insiders have recently been net sellers, with the CEO and CFO divesting a combined total of over 170,000 shares.
RealReal (NasdaqGS:REAL) Stock Forecast & Analyst Predictions
The RealReal (NasdaqGS:REAL) is forecast to achieve significant earnings and revenue growth, with EPS projected to increase by 94.4% per year. Analysts anticipate the company will become profitable within the next three years, outpacing the average market growth, despite a slower revenue growth rate compared to the broader US market. Recent reports indicate various price target adjustments and earnings guidance updates, reflecting ongoing analyst assessment of the company's financial health, strategic initiatives, and market conditions.
When Will The RealReal, Inc. (NASDAQ:REAL) Breakeven?
The RealReal, Inc. is projected to reach breakeven by 2026, with analysts anticipating a full-year profit. The company is expected to grow revenue from $549 million in 2024 to $718 million by 2026, alongside a reduction in losses per share. This positive outlook is primarily driven by an expected average annual revenue growth of 13.5% through 2026, though some risks such as high debt levels and poor cash flow should be considered.
Insider sale: NIKI LEONDAKIS (REAL) to sell 12,945 shares on 04/27/2026
NIKI LEONDAKIS has filed a Form 144 notice indicating a proposed sale of 12,945 shares of TheRealReal, Inc. (REAL) common stock via a stock option exercise on April 27, 2026. The filing also disclosed a previous sale of 7,055 shares on April 24, 2026, for proceeds of $87,270.35. This is a routine procedural disclosure to notify the market of intended restricted-share sales.
The RealReal Debuts Real Style, a New Book Rewriting the Rules of Personal Style
The RealReal has announced presales for its first book, "Real Style: Dressing with Intention & Expressing Yourself Through Style." This book, co-authored by Kristen Naiman, Cait Munro, and Sarah Leon, aims to be a guide for personal discovery through style rather than a traditional fashion guide. It encourages readers to develop their own unique approach to dressing by tuning into their instincts and exploring their preferences, with resale being presented as a tool for style evolution.
The RealReal's first book tells readers to ignore microtrends
The RealReal (NASDAQ: REAL) has launched preorders for its first book, "Real Style: Dressing with Intention & Expressing Yourself Through Style," co-authored by Kristen Naiman, Cait Munro, and Sarah Leon. The book, set for release on October 20, 2026, aims to redefine style as a personal practice, encouraging readers to ignore microtrends and social media dictates. This initiative aligns with The RealReal's strategy to deepen customer engagement by positioning resale as a practical tool for evolving self-expression and building a unique personal style.
When Will The RealReal, Inc. (NASDAQ:REAL) Breakeven?
This article analyzes The RealReal, Inc.'s path to profitability by examining analyst forecasts for its breakeven point. It discusses the consensus among 7 analysts, projecting the company to reach cash flow breakeven within the next two years. The article also touches upon the company's historical performance, cash runway, and the drivers behind its expected growth towards profitability.
The RealReal cashes in on luxury retail revolution, shares climb 12% to four-year high
The RealReal (REAL) is experiencing a resurgence, with its stock climbing 12% to a four-year high. This growth is attributed to the company's strong position in the booming online luxury resale market, driven by increasing consumer demand for sustainable and affordable luxury goods. Recent financial reports and strategic partnerships have further solidified investor confidence in RealReal's future profitability and market leadership.
Chanel v. The RealReal: The Antitrust Edge of the Luxury Resale Fight
In the ongoing legal battle between Chanel and The RealReal, the luxury resale platform is intensifying its antitrust claims, alleging that Chanel is attempting to suppress competition in the resale market for high-end handbags. The RealReal's amended counterclaims accuse Chanel of using various tactics, including influencing media, restricting retail access, and employing litigation and consumer messaging, to control the secondary market. This case could significantly impact how brands can lawfully influence the resale of their products after the initial sale.
[144] TheRealReal, Inc. SEC Filing
This SEC Form 144 filing by TheRealReal, Inc. (REAL) details a proposed sale of 7055 shares of common stock with an aggregate market value of $87,270.35, acquired through a stock option exercise on April 24, 2026. The shares are to be sold through Morgan Stanley Smith Barney LLC on NASDAQ. The filing indicates a "Neutral" impact and sentiment.
The RealReal's Stock Soars to 38% Gain as Outlook Brightens
This article is just a title and a publication time. Without any body content, it's impossible to summarize what caused The RealReal's stock to gain 38% or what aspects of its outlook have brightened.
The RealReal, Inc. (NASDAQ:REAL) Given Consensus Recommendation of "Moderate Buy" by Analysts
Analysts have given The RealReal, Inc. (NASDAQ:REAL) a consensus "Moderate Buy" recommendation, with an average 12-month price target of $18.06. KeyCorp raised its target to $20, and BTIG set an $18 target, though insiders have been net sellers, offloading shares worth $3.0 million this quarter. The stock opened at $12.24, with a market cap of $1.47 billion and a negative P/E of -11.23.
The RealReal Announces Timing of Its First Quarter 2026 Earnings Conference Call
The RealReal (Nasdaq: REAL) announced that it will release its first-quarter 2026 financial results after the market closes on May 7, 2026. The company will host a conference call on the same day at 2:00 p.m. Pacific Time to discuss the results, with a live webcast available online.
The RealReal Announces Timing of Its First Quarter 2026 Earnings Conference Call
The RealReal (Nasdaq: REAL) announced that it will release its financial results for the first quarter, ended March 31, 2026, after the market closes on May 7, 2026. The company will host a conference call to review results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day, with a live webcast available online.
The RealReal will post quarterly results May 7, then host a webcast
The RealReal (Nasdaq: REAL) is set to release its first-quarter 2026 financial results after market close on May 7, 2026. Following the earnings release, the company will host a conference call and live webcast at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results. Historically, announcements regarding earnings call timings have shown minimal impact on the stock's price.
The RealReal Launches Real Talk, a Series of Conversations Exploring Personal Style Hosted by Chief Brand Officer Kristen Naiman, Premiering April 15, 2026
The RealReal has launched a new podcast series called "Real Talk," hosted by Chief Brand Officer Kristen Naiman, which premiered on April 15, 2026. The podcast explores personal style through conversations with tastemakers and cultural voices, blending cultural perspectives with direct audience interaction and listener call-ins. It focuses on individuality and self-expression, with new episodes released weekly and available on major podcast platforms.
REAL (NASDAQ: REAL) seeks votes on board declassification, auditor ratification
The RealReal, Inc. (REAL) is soliciting votes for its 2026 annual meeting on June 10, 2026, addressing key governance changes. Stockholders will vote on the election of three Class I directors, the ratification of KPMG LLP as the independent auditor, and several management proposals. These proposals include beginning the declassification of the Board of Directors and eliminating certain supermajority voting requirements from the company's Amended and Restated Certificate of Incorporation.
TheRealReal (REAL) CAO Steve Ming Lo granted 31,310 RSUs as equity pay
TheRealReal's Chief Accounting Officer, Steve Ming Lo, was granted 31,310 restricted stock units (RSUs) as equity compensation, increasing his direct holdings to 201,546 common shares. These RSUs were awarded under the company's 2019 Equity Incentive Plan and will vest in twelve equal quarterly installments. This grant is a compensation-related award, not an open-market transaction.
Stock grant gives TheRealReal (REAL) director 4,247 RSUs
TheRealReal (REAL) director Jennifer McKeehan reported receiving a grant of 4,247 restricted stock units (RSUs) of common stock. These RSUs were awarded with a $0.00 per share price, indicating they are part of her compensation rather than a purchase. The units will vest on the earlier of one year from the grant date or the day before the next annual shareholders' meeting, provided she continues her service as a non-employee director.
Tudor Investment Corp ET AL Purchases 141,699 Shares of The RealReal, Inc. $REAL
Tudor Investment Corp ET AL increased its stake in The RealReal, Inc. (NASDAQ:REAL) by 25.8% in the third quarter, acquiring an additional 141,699 shares to hold a total of 689,998 shares valued at approximately $7.34 million. This comes as company insiders sold 286,883 shares worth about $3.0 million, and analysts maintain a "Moderate Buy" rating with an average target price of $18.06, suggesting significant upside from the current share price of around $9.22.
Capricorn Fund Managers Ltd Has $6.20 Million Holdings in The RealReal, Inc. $REAL
Capricorn Fund Managers Ltd significantly reduced its stake in The RealReal, Inc. (NASDAQ:REAL) by 67% in Q4, selling 796,593 shares but still holding 392,897 shares valued at $6.2 million. Company insiders, including the CEO and CFO, also sold shares totaling approximately $3.0 million in the past quarter. Despite insider selling, analysts maintain a "Moderate Buy" consensus with an average price target of $18.06, while the stock currently trades around $9.12.
Rati Sahi Levesque, CEO of The RealReal, reflects on San Francisco reopening; reveals future ambitions
Rati Sahi Levesque, CEO of The RealReal, discusses the reopening of their San Francisco flagship store in Union Square, emphasizing the store's role in building trust and community engagement. She reveals plans for selective expansion in the U.S. and cautious ambition for international growth. Levesque also highlights The RealReal's competitive edge in the luxury resale market through trust, scale, service, and strategic use of AI.
Karen Katz of TheRealReal (REAL) receives 1,988 deferred stock units
Karen Katz, a director at TheRealReal, Inc. (REAL), has been granted 1,988 deferred restricted stock units (DRSUs) under the company's 2019 Equity Incentive Plan. These units, economically equivalent to common stock shares, are fully vested but will be settled upon her separation from service as a non-employee director or a pre-elected future date. Following this award, Katz's directly held and deferred equity position in TheRealReal totals 238,355 shares.
TheRealReal (REAL) director Mark McCaffrey receives 963 deferred stock units
TheRealReal director Mark McCaffrey has been granted 963 deferred restricted stock units (DRSUs) as an equity award, fully vested at a grant price of $0.00. These DRSUs are equivalent to common stock and will be settled generally upon his separation from service as a non-employee director or on an elected date. Following this transaction, McCaffrey directly holds 12,863 shares of TheRealReal common stock.
Vanguard disaggregates holdings; REAL filing (NASDAQ: REAL)
Vanguard has filed an amended Schedule 13G/A for The RealReal, Inc. (NASDAQ: REAL), reporting 0 shares owned. This update follows an internal realignment on January 12, 2026, where Vanguard disaggregated beneficial ownership among its subsidiaries, which will now report separately. The filing clarifies reporting status and does not reflect an economic transaction or change in share ownership.
TheRealReal CFO Madan Gopal sells $479k in stock
TheRealReal (NASDAQ:REAL) CFO Madan Gopal sold 51,585 shares of common stock for $479,224 on March 19, 2026, at a price of $9.29 per share. This sale was to cover withholding taxes related to a performance award. Following this transaction, Gopal directly owns 1,179,307 shares, and while the stock appears overvalued by InvestingPro analysis, the company recently surpassed Q4 2025 earnings and revenue expectations.
TheRealReal (NASDAQ: REAL) CFO share sale to cover tax withholding
TheRealReal's CFO, Ajay Madan Gopal, reported an automatic sale of 51,585 shares of common stock at $9.29 per share. This sale was conducted by the company to cover tax withholding obligations that arose from the vesting of 100,000 shares from a performance award granted on May 8, 2024. Following this transaction, the CFO directly holds 1,179,307 shares of the company's common stock.
The RealReal, Inc. (NASDAQ:REAL) Q4 2025 earnings call transcript
This document is a transcript of The RealReal, Inc.'s Q4 2025 earnings call. It provides the full verbatim record of the discussions, presentations, and Q&A sessions that occurred during the call, offering detailed insights into the company's financial performance and strategic outlook for the fourth quarter of 2025.
World’s largest luxury resale site The RealReal slated for Roth talk
The RealReal (Nasdaq: REAL) announced that its CFO, Ajay Gopal, will participate in a fireside chat at the 38th Annual Roth Conference on March 23, 2026. The presentation will occur at 3:00 PM PT (6:00 PM ET), with registration available through the company's investor website and a replay accessible for 90 days. This event is part of The RealReal's ongoing investor engagement following recent operational updates and financial results.
TheRealReal (REAL) director Jennifer McKeehan files initial Form 3
Jennifer McKeehan, a director at TheRealReal, Inc. (REAL), has filed an initial Form 3 with the SEC, indicating her beneficial ownership. The filing specifies her role as a director but reports no current purchases, sales, or other transactions involving the company’s securities or any derivative holdings. This initial statement merely establishes her position and disclosures without any reported trading activity.
Divisadero Street Capital Management LP Purchases 2,254,300 Shares of The RealReal, Inc. $REAL
Divisadero Street Capital Management LP significantly increased its stake in The RealReal, Inc. (NASDAQ:REAL) by 652.5% in the third quarter, purchasing 2,254,300 additional shares. The fund now owns 2,599,801 shares, representing about 2.23% of the company, valued at approximately $27.6 million. Despite accumulation by some institutional investors, company insiders have sold 235,298 shares worth over $2.5 million recently, while Wall Street analysts maintain a "Moderate Buy" rating with an average target price of $18.06, suggesting substantial upside.
Cannell Capital LLC Sells 1,070,126 Shares of The RealReal, Inc. $REAL
Cannell Capital LLC significantly reduced its stake in The RealReal, Inc. (NASDAQ:REAL) by selling 1,070,126 shares, cutting its position by 74.9%. This sale leaves the fund with 359,081 shares, valued at $3.82 million. Concurrently, company insiders, including CEO Levesque Rati Sahi and Todd A. Suko, have also been selling shares, reflecting a pattern of insider selling.
Landscape Capital Management L.L.C. Boosts Holdings in The RealReal, Inc. $REAL
Landscape Capital Management L.L.C. increased its stake in The RealReal, Inc. (NASDAQ:REAL) by 23.0% in Q3, now holding 1,170,112 shares valued at approximately $12.44 million. Other institutional investors like Vanguard, Marshall Wace, Jupiter, and American Century also raised their positions, contributing to institutional ownership of 64.73%. Despite some insider selling totaling about $2.52 million in the last quarter, analysts maintain a "Moderate Buy" consensus rating for REAL with an average target price of $18.06.
Atika Capital Management LLC Takes Position in The RealReal, Inc. $REAL
Atika Capital Management LLC has purchased a new stake of 374,000 shares, valued at approximately $3.98 million, in The RealReal, Inc. This investment represents about 0.32% of the company's total shares. Following this, the company's insiders sold 235,298 shares, reducing insider ownership to 9.0%, while institutional investors now own about 64.73%.
Atika Capital Management LLC Takes Position in The RealReal, Inc.
Atika Capital Management LLC has acquired a new stake in The RealReal, Inc. by purchasing 374,000 shares valued at approximately $3,976,000. This investment suggests that Atika Capital sees potential in the luxury resale platform despite its recent challenges. The move highlights continued institutional interest in The RealReal's business model.
The RealReal strengthens its board and leadership team
The RealReal, a US-based luxury resale platform, has announced key appointments to its board and leadership team to support its next phase of growth. Jennifer McKeehan of Fanatics has joined its board of directors, while Tiffany Stevenson and Tom Hanrahan have been appointed as chief people officer and chief revenue officer, respectively. These strategic hires aim to bolster the company's governance, operational leadership, and drive sustainable growth in the luxury resale market.
The RealReal, Inc. Announces Leadership Changes to Enhance Governance and Operational Strength
The RealReal, Inc. has announced significant leadership changes to bolster its governance and operational strength as it enters a new growth phase. Jennifer McKeehan has been appointed to the Board of Directors, bringing extensive operational expertise, while Niki Leondakis has stepped down. Additionally, Tiffany Stevenson and Tom Hanrahan have joined the executive team as Chief People Officer and Chief Revenue Officer, respectively, to drive growth and innovation in the luxury resale market.
Fanatics and Square veterans join The RealReal leadership team
The RealReal (Nasdaq: REAL) announced significant leadership changes, including the appointment of Jennifer McKeehan (formerly of Fanatics) to its Board of Directors and the hiring of Tiffany Stevenson (formerly of Weight Watchers, Box, and Sephora) as Chief People Officer and Tom Hanrahan (formerly of Square) as Chief Revenue Officer. These moves aim to strengthen the company's governance, scaling capabilities, and commercial growth within the luxury resale marketplace. Niki Leondakis also departed the Board.
The RealReal Announces Board of Directors and Executive Leadership Updates
The RealReal announced updates to its Board of Directors and executive leadership team, appointing Jennifer McKeehan to the Board and welcoming Tiffany Stevenson as Chief People Officer and Tom Hanrahan as Chief Revenue Officer. These changes aim to strengthen the company's governance and operational leadership as it continues its growth. The company also expressed gratitude to outgoing Board member Niki Leondakis for her contributions.
The RealReal Announces Board of Directors and Executive Leadership Updates
The RealReal announced significant changes to its Board of Directors and executive leadership team. Jennifer McKeehan was appointed to the Board, bringing extensive operational and supply chain experience, while Niki Leondakis departed. Additionally, Tiffany Stevenson joined as Chief People Officer and Tom Hanrahan as Chief Revenue Officer, both bringing considerable leadership experience to support the company's growth in luxury resale.
The RealReal (NASDAQ: REAL) tops $2.1B GMV and boosts EBITDA in 2025
The RealReal (NASDAQ: REAL) reported strong financial growth and narrowed losses in 2025, exceeding $2.1 billion in Gross Merchandise Value (GMV) and significantly boosting Adjusted EBITDA to $42.1 million. The company also achieved positive free cash flow of $5.5 million for the year. For 2026, The RealReal projects continued growth with GMV between $2.39 billion and $2.45 billion and Adjusted EBITDA ranging from $57 million to $65 million, signaling further confidence in its business model and market leadership.
The RealReal, Inc. (NASDAQ:REAL) Q4 2025 Earnings Call Transcript
The RealReal, Inc. reported its Q4 and full-year 2025 earnings, highlighting a transformative year with accelerated top-line growth and improved profitability. The company achieved $616 million in GMV for Q4, representing 22% growth, and its first year of positive adjusted EBITDA across all quarters, driven by strategic pillars like their growth playbook, operational excellence, and customer service. Looking ahead to 2026, RealReal projects continued GMV and revenue growth with further adjusted EBITDA margin expansion, largely powered by AI-driven efficiencies and expanding the reach of its Athena processing system.
