TheRealReal, Inc. (REAL) stock

REALNasdaqRetail-Miscellaneous RetailFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 5/30

$14.53+0.22 (+1.54%)

Close on Nov 13, 2026Market cap $1.81BP/E –Yield –

Earnings

TheRealReal's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Feb 25, 2027

Q4 FY2026 · estimated, after the close

Revenue, Q3 FY2026

$206.00M

+18.4% on a year earlier

Non-GAAP basic and diluted net income (loss) attributable to common stockholders per share, Q3 FY2026

$0.02

-$0.04 a year earlier

Latest guidance

Issued

Oct 29, 2026 · 6 items

Quarterly results

Revenue and earnings per share from each of TheRealReal's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 31, 2026	Feb 25, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 30, 2026	Oct 29, 2026after the close	$206.00M	+18.4%	-$0.04	$0.02	Release
Q2 FY2026ended Jun 30, 2026	Aug 6, 2026after the close	$193.00M	+17.0%	-$0.23	-$0.01	Release
Q1 FY2026ended Mar 31, 2026	May 7, 2026after the close	$190.00M	+18.8%	-$0.07	-$0.01	Release
Q4 FY2025ended Dec 31, 2025	Feb 26, 2026after the close	$194.00M	+18.3%	-$0.33	$0.06	Release
Q3 FY2025ended Sep 30, 2025	Nov 10, 2025after the close	$174.00M	+17.6%	-$0.49	-$0.04	Release
Q2 FY2025ended Jun 30, 2025	Aug 7, 2025after the close	$165.00M	+13.8%	-$0.13	-$0.06	Release
Q1 FY2025ended Mar 31, 2025	May 8, 2025after the close	$160.00M	+11.1%	-$0.14	-$0.08	Release
Q4 FY2024ended Dec 31, 2024	Feb 20, 2025after the close	$164.00M	+14.7%	-$0.62	-$0.01	Release
Q3 FY2024ended Sep 30, 2024	Nov 4, 2024after the close	$148.00M	+11.3%	-$0.17	-$0.09	Release
Q2 FY2024ended Jun 30, 2024	Aug 6, 2024after the close	$145.00M	+10.7%	-$0.20	-$0.13	Release
Q1 FY2024ended Mar 31, 2024	May 7, 2024after the close	$144.00M	+1.4%	-$0.30	-$0.12	Release
Q4 FY2023ended Dec 31, 2023	Feb 29, 2024after the close	$143.00M	-10.6%	-$0.21	-$0.07	Release
Q3 FY2023ended Sep 30, 2023	Nov 7, 2023after the close	$133.00M	-7.0%	-$0.22	-$0.15	Release
Q2 FY2023ended Jun 30, 2023	Aug 8, 2023after the close	$131.00M	-14.9%	-$0.41	-$0.30	Release
Q1 FY2023ended Mar 31, 2023	May 9, 2023after the close	$142.00M	-3.4%	-$0.83	-$0.36	Release
Q4 FY2022ended Dec 31, 2022	Feb 28, 2023after the close	$160.00M	+10.3%	-$0.39	-$0.29	Release
Q3 FY2022ended Sep 30, 2022	Nov 8, 2022after the close	$143.00M	+20.2%	-$0.49	-$0.38	Release
Q2 FY2022ended Jun 30, 2022	Aug 9, 2022after the close	$154.00M	–	-$0.56	-$0.40	Release
Q1 FY2022ended Mar 31, 2022	May 10, 2022after the close	$147.00M	–	-$0.61	-$0.47	Release
Q4 FY2021ended Dec 31, 2021	Feb 23, 2022after the close	$145.00M	–	-$0.56	-$0.42	Release
Q3 FY2021ended Sep 30, 2021	Nov 8, 2021after the close	$119.00M	–	-$0.62	-$0.47	Release
Q2 FY2021ended Jun 30, 2021	Jul 6, 2021before the open	–	–	–	–	Filing
Q1 FY2021ended Mar 31, 2021	May 10, 2021after the close	–	–	–	–	Filing
Q4 FY2020ended Dec 31, 2020	Feb 22, 2021after the close	–	–	–	–	Filing
Q3 FY2020ended Sep 30, 2020	Nov 9, 2020after the close	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

TheRealReal's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Total RevenueGAAP	Q4 FY2026	$218.00M – $222.00M	–	New	Oct 29, 2026
Adjusted EBITDAnon-GAAP	Q4 FY2026	$27.50M – $29.00M	–	New	Oct 29, 2026
GMV	Q4 FY2026	$720.00M – $735.00M	–	New	Oct 29, 2026
Total RevenueGAAP	FY2026	$806.00M – $810.00M	–	New	Oct 29, 2026
Total Revenue	FY2026	$788.00M – $797.00M	$770.00M – $784.00M	Raised	Aug 6, 2026
Adjusted EBITDAnon-GAAP	FY2026	$71.10M – $72.60M	–	New	Oct 29, 2026
Adjusted EBITDAnon-GAAP	FY2026	$66.00M – $69.00M	$59.00M – $67.00M	Raised	Aug 6, 2026
GMV	FY2026	$2.59B – $2.60B	–	New	Oct 29, 2026
GMV	FY2026	$2.54B – $2.57B	$2.42B – $2.47B	Raised	Aug 6, 2026

Guidance vs results

The last range TheRealReal gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
Q3 FY2026	Revenue	$194.00M – $198.00M	$206.00M	Above range
Q2 FY2026	Revenue	$186.00M – $189.00M	$193.00M	Above range
Q1 FY2026	Revenue	$185.00M – $189.00M	$190.00M	Above range
FY2025	Revenue	$687.00M – $690.00M	$693.00MΣ4Q	Above range
Q4 FY2025	Revenue	$188.00M – $191.00M	$194.00M	Above range
Q3 FY2025	Revenue	$167.00M – $170.00M	$174.00M	Above range
Q2 FY2025	Revenue	$157.00M – $161.00M	$165.00M	Above range
Q1 FY2025	Revenue	$157.00M – $161.00M	$160.00M	Within range
Q4 FY2024	Revenue	$158.00M – $165.00M	$164.00M	Within range
Q2 FY2024	Revenue	$135.00M – $145.00M	$145.00M	Within range
Q1 FY2024	Revenue	$135.00M – $145.00M	$144.00M	Within range
Q4 FY2023	Revenue	$135.00M – $145.00M	$143.00M	Within range
Q2 FY2023	Revenue	$125.00M – $135.00M	$131.00M	Within range
Q1 FY2023	Revenue	$135.00M – $145.00M	$142.00M	Within range
Q4 FY2022	Revenue	$145.00M – $165.00M	$160.00M	Within range
Q3 FY2022	Revenue	$145.00M – $155.00M	$143.00M	Below range
Q2 FY2022	Revenue	$150.00M – $160.00M	$154.00M	Within range
Q1 FY2022	Revenue	$130.00M – $140.00M	$147.00M	Above range

Guidance history

Every forecast TheRealReal put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 29, 2026	Adjusted EBITDA	Q4 FY2026	$27.50M – $29.00M	New
Oct 29, 2026	Adjusted EBITDA	FY2026	$71.10M – $72.60M	New
Oct 29, 2026	GMV	Q4 FY2026	$720.00M – $735.00M	New
Oct 29, 2026	GMV	FY2026	$2.59B – $2.60B	New
Oct 29, 2026	Total Revenue	Q4 FY2026	$218.00M – $222.00M	New
Oct 29, 2026	Total Revenue	FY2026	$806.00M – $810.00M	New
Aug 6, 2026	Adjusted EBITDA	FY2026	$66.00M – $69.00M	Raised
Aug 6, 2026	Adjusted EBITDA	Q3 FY2026	$13.50M – $14.50M	New
Aug 6, 2026	GMV	FY2026	$2.54B – $2.57B	Raised
Aug 6, 2026	GMV	Q3 FY2026	$610.00M – $620.00M	New
Aug 6, 2026	Total Revenue	FY2026	$788.00M – $797.00M	Raised
Aug 6, 2026	Total Revenue	Q3 FY2026	$194.00M – $198.00M	New
May 7, 2026	Adjusted EBITDA	FY2026	$59.00M – $67.00M	Raised
May 7, 2026	Adjusted EBITDA	Q2 FY2026	$11.00M – $12.00M	New
May 7, 2026	GMV	FY2026	$2.42B – $2.47B	Raised
May 7, 2026	GMV	Q2 FY2026	$590.00M – $600.00M	New
May 7, 2026	Total Revenue	FY2026	$770.00M – $784.00M	Raised
May 7, 2026	Total Revenue	Q2 FY2026	$186.00M – $189.00M	New
Feb 26, 2026	Adjusted EBITDA	FY2026	$57.00M – $65.00M	New
Feb 26, 2026	Adjusted EBITDA	Q1 FY2026	$11.00M – $13.00M	New
Feb 26, 2026	GMV	FY2026	$2.39B – $2.45B	New
Feb 26, 2026	GMV	Q1 FY2026	$585.00M – $600.00M	New
Feb 26, 2026	Total Revenue	FY2026	$765.00M – $780.00M	New
Feb 26, 2026	Total Revenue	Q1 FY2026	$185.00M – $189.00M	New
Nov 10, 2025	Adjusted EBITDA	FY2025	$37.70M – $38.70M	New
Nov 10, 2025	Adjusted EBITDA	Q4 FY2025	$17.50M – $18.50M	New
Nov 10, 2025	GMV	FY2025	$2.10B – $2.11B	New
Nov 10, 2025	GMV	Q4 FY2025	$585.00M – $595.00M	New
Nov 10, 2025	Total Revenue	FY2025	$687.00M – $690.00M	New
Nov 10, 2025	Total Revenue	Q4 FY2025	$188.00M – $191.00M	New
Aug 7, 2025	Adjusted EBITDA	Q3 FY2025	$6.10M – $7.10M	New
Aug 7, 2025	Adjusted EBITDA	FY2025	$29.00M – $32.00M	Raised
Aug 7, 2025	GMV	Q3 FY2025	$495.00M – $502.00M	New
Aug 7, 2025	GMV	FY2025	$2.03B – $2.05B	Raised
Aug 7, 2025	Total Revenue	Q3 FY2025	$167.00M – $170.00M	New
Aug 7, 2025	Total Revenue	FY2025	$667.00M – $674.00M	Raised
May 8, 2025	Adjusted EBITDA	Q2 FY2025	$3.00M – $4.00M	New
May 8, 2025	Adjusted EBITDA	FY2025	$20.00M – $30.00M	Reaffirmed
May 8, 2025	GMV	Q2 FY2025	$476.00M – $486.00M	New
May 8, 2025	GMV	FY2025	$1.96B – $1.99B	New
May 8, 2025	Total Revenue	Q2 FY2025	$157.00M – $161.00M	New
May 8, 2025	Total Revenue	FY2025	$645.00M – $660.00M	New
Feb 20, 2025	Adjusted EBITDA	Q1 FY2025	$3.00M – $4.50M	New
Feb 20, 2025	Adjusted EBITDA	FY2025	$20.00M – $30.00M	New
Feb 20, 2025	GMV	Q1 FY2025	$484.00M – $492.00M	New
Feb 20, 2025	GMV	FY2025	$1.96B – $1.99B	New
Feb 20, 2025	Total Revenue	Q1 FY2025	$157.00M – $161.00M	New
Feb 20, 2025	Total Revenue	FY2025	$645.00M – $660.00M	New
Nov 4, 2024	Adjusted EBITDA	Q4 FY2024	$6.50M – $9.50M	New
Nov 4, 2024	Adjusted EBITDA	FY2024	$4.70M – $7.70M	Raised
Nov 4, 2024	GMV	Q4 FY2024	$484.00M – $500.00M	New
Nov 4, 2024	GMV	FY2024	$1.81B – $1.83B	Lowered
Nov 4, 2024	Total Revenue	Q4 FY2024	$158.00M – $165.00M	New
Nov 4, 2024	Total Revenue	FY2024	$595.00M – $602.00M	Narrowed
Oct 28, 2024	Adjusted EBITDA	FY2024	$4.50M – $7.50M	Narrowed
Oct 28, 2024	GMV	FY2024	$1.81B – $1.83B	New
Oct 28, 2024	Total Revenue	FY2024	$595.00M – $602.00M	New
May 7, 2024	Adjusted EBITDA	FY2024	-$5.00M – $8.00M	Raised
May 7, 2024	Adjusted EBITDA	Q2 FY2024	-$6.00M – -$3.00M	New
May 7, 2024	GMV	FY2024	$1.81B – $1.87B	Narrowed
May 7, 2024	GMV	Q2 FY2024	$420.00M – $450.00M	New
May 7, 2024	Total Revenue	Q2 FY2024	$135.00M – $145.00M	New
May 7, 2024	Total Revenue	FY2024	$580.00M – $605.00M	Reaffirmed
Feb 29, 2024	Adjusted EBITDA	Q1 FY2024	-$8.00M – -$4.00M	New
Feb 29, 2024	Adjusted EBITDA	FY2024	-$8.00M – $8.00M	New
Feb 29, 2024	GMV	Q1 FY2024	$415.00M – $445.00M	New
Feb 29, 2024	GMV	FY2024	$1.80B – $1.88B	New
Feb 29, 2024	Total Revenue	Q1 FY2024	$135.00M – $145.00M	New
Feb 29, 2024	Total Revenue	FY2024	$580.00M – $605.00M	New
Nov 7, 2023	Adjusted EBITDA	FY2023	-$62.00M – -$57.00M	Raised
Nov 7, 2023	Adjusted EBITDA	Q4 FY2023	-$5.00M – $0	New
Nov 7, 2023	GMV	FY2023	$1.71B – $1.74B	Narrowed
Nov 7, 2023	GMV	Q4 FY2023	$430.00M – $460.00M	New
Nov 7, 2023	Total Revenue	Q4 FY2023	$135.00M – $145.00M	New
Nov 7, 2023	Total Revenue	FY2023	$540.00M – $550.00M	Narrowed
May 9, 2023	Adjusted EBITDA	Q2 FY2023	-$29.00M – -$25.00M	New
May 9, 2023	Adjusted EBITDA	FY2023	-$75.00M – -$65.00M	New
May 9, 2023	GMV	FY2023	$1.70B – $1.80B	New
May 9, 2023	GMV	Q2 FY2023	$400.00M – $430.00M	New
May 9, 2023	Total Revenue	Q2 FY2023	$125.00M – $135.00M	New
May 9, 2023	Total Revenue	FY2023	$535.00M – $565.00M	New
Feb 28, 2023	Adjusted EBITDA	Q1 FY2023	-$35.00M – -$31.00M	New
Feb 28, 2023	GMV	Q1 FY2023	$430.00M – $460.00M	New
Feb 28, 2023	Total Revenue	Q1 FY2023	$135.00M – $145.00M	New
Nov 8, 2022	Adjusted EBITDA	Q4 FY2022	-$27.00M – -$23.00M	New
Nov 8, 2022	GMV	Q4 FY2022	$480.00M – $510.00M	New
Nov 8, 2022	Total Revenue	Q4 FY2022	$145.00M – $165.00M	New
Aug 9, 2022	Adjusted EBITDA	Q3 FY2022	-$30.00M – -$26.00M	New
Aug 9, 2022	Adjusted EBITDA	FY2022	-$110.00M – -$100.00M	Lowered
Aug 9, 2022	GMV	Q3 FY2022	$430.00M – $450.00M	New
Aug 9, 2022	GMV	FY2022	$1.85B – $1.90B	Lowered
Aug 9, 2022	Total Revenue	Q3 FY2022	$145.00M – $155.00M	New
Aug 9, 2022	Total Revenue	FY2022	$615.00M – $635.00M	Lowered
May 10, 2022	Adjusted EBITDA	Q2 FY2022	-$33.00M – -$29.00M	New
May 10, 2022	Adjusted EBITDA	FY2022	-$100.00M – -$80.00M	Reaffirmed
May 10, 2022	GMV	Q2 FY2022	$450.00M – $470.00M	New
May 10, 2022	GMV	FY2022	$2.00B – $2.10B	Reaffirmed
May 10, 2022	Total Revenue	Q2 FY2022	$150.00M – $160.00M	New
May 10, 2022	Total Revenue	FY2022	$635.00M – $665.00M	Reaffirmed
Feb 23, 2022	Adjusted EBITDA	Q1 FY2022	-$39.00M – -$35.00M	New
Feb 23, 2022	Adjusted EBITDA	FY2022	-$100.00M – -$80.00M	New
Feb 23, 2022	GMV	Q1 FY2022	$410.00M – $425.00M	New
Feb 23, 2022	GMV	FY2022	$2.00B – $2.10B	New
Feb 23, 2022	Total Revenue	Q1 FY2022	$130.00M – $140.00M	New
Feb 23, 2022	Total Revenue	FY2022	$635.00M – $665.00M	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.