TheRealReal, Inc. (REAL) stock
REALNasdaqRetail-Miscellaneous RetailFiscal year ends December 31
$14.53+0.22 (+1.54%)
Close on Nov 13, 2026Market cap $1.81BP/E –Yield –
TheRealReal operating margin
Operating margin is operating income as a percentage of revenue.
TheRealReal's operating margin for the twelve months ending Sep 30, 2026 was 0.4%. For fiscal 2025 it was -3.5%, against -9.4% the year before. The highest annual figure on record is -3.5% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -3.5% | +6.0 |
| FY2024 | Dec 31, 2024 | -9.4% | +20.9 |
| FY2023 | Dec 31, 2023 | -30.3% | +1.1 |
| FY2022 | Dec 31, 2022 | -31.3% | +14.6 |
| FY2021 | Dec 31, 2021 | -46.0% | +11.7 |
| FY2020 | Dec 31, 2020 | -57.6% | −26.0 |
| FY2019 | Dec 31, 2019 | -31.6% | +2.9 |
| FY2018 | Dec 31, 2018 | -34.6% | +3.1 |
| FY2017 | Dec 31, 2017 | -37.7% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 0.7% | +5.1 |
| Q2 FY2026 | Jun 30, 2026 | -1.2% | +4.8 |
| Q1 FY2026 | Mar 31, 2026 | -1.2% | +6.8 |
| Q4 FY2025 | Dec 31, 2025 | 3.2% | +6.4 |
| Q3 FY2025 | Sep 30, 2025 | -4.3% | +5.5 |
| Q2 FY2025 | Jun 30, 2025 | -6.0% | +7.0 |
| Q1 FY2025 | Mar 31, 2025 | -8.0% | +4.5 |
| Q4 FY2024 | Dec 31, 2024 | -3.1% | +11.5 |
| Q3 FY2024 | Sep 30, 2024 | -9.9% | +7.0 |
| Q2 FY2024 | Jun 30, 2024 | -13.0% | +18.3 |
| Q1 FY2024 | Mar 31, 2024 | -12.5% | +45.2 |
| Q4 FY2023 | Dec 31, 2023 | -14.7% | +9.1 |
| Q3 FY2023 | Sep 30, 2023 | -16.9% | +15.0 |
| Q2 FY2023 | Jun 30, 2023 | -31.3% | +1.7 |
| Q1 FY2023 | Mar 31, 2023 | -57.6% | −20.4 |
| Q4 FY2022 | Dec 31, 2022 | -23.8% | +8.1 |
| Q3 FY2022 | Sep 30, 2022 | -31.9% | +11.1 |
| Q2 FY2022 | Jun 30, 2022 | -33.0% | +28.8 |
| Q1 FY2022 | Mar 31, 2022 | -37.3% | +16.1 |
| Q4 FY2021 | Dec 31, 2021 | -31.8% | +23.9 |
| Q3 FY2021 | Sep 30, 2021 | -43.0% | +10.5 |
| Q2 FY2021 | Jun 30, 2021 | -61.8% | +13.4 |
| Q1 FY2021 | Mar 31, 2021 | -53.4% | −2.4 |
| Q4 FY2020 | Dec 31, 2020 | -55.7% | −29.0 |
| Q3 FY2020 | Sep 30, 2020 | -53.5% | −20.4 |
| Q2 FY2020 | Jun 30, 2020 | -75.2% | −40.1 |
| Q1 FY2020 | Mar 31, 2020 | -51.0% | −18.1 |
| Q4 FY2019 | Dec 31, 2019 | -26.7% | +5.9 |
| Q3 FY2019 | Sep 30, 2019 | -33.1% | +9.1 |
| Q2 FY2019 | Jun 30, 2019 | -35.1% | −1.3 |
| Q1 FY2019 | Mar 31, 2019 | -32.9% | – |
| Q4 FY2018 | Dec 31, 2018 | -32.5% | – |
| Q3 FY2018 | Sep 30, 2018 | -42.2% | – |
| Q2 FY2018 | Jun 30, 2018 | -33.8% | – |
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