Stocks Consumer discretionary REAL
NASDAQ · Consumer discretionaryTheRealReal, Inc. (REAL)
TheRealReal, Inc. brought in $782.5M of revenue over the twelve months to September 30, 2026, up 18.1% from a year earlier. It posted a net loss of $11.1M. Operating cash flow minus capital spending left $18.4M of free cash flow in fiscal 2025. At September 30, 2026 it held $130.4M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about TheRealReal, Inc.
- Net worth
- TheRealReal, Inc. has a market value (market cap) of $1.8B at the latest share price, and shareholders' equity of -$354.4M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $692.8M (+15.4% year on year), with a net loss of $41.8M. Over the 12 months to September 30, 2026: revenue $782.5M, net loss $11.1M.
- Cash flow
- In fiscal 2025 operations brought in $37M of cash; after $18.6M of capital spending, free cash flow was $18.4M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- TheRealReal, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What TheRealReal, Inc. does
TheRealReal, Inc. is registered with the SEC under industry code SIC 5900 (Retail-Miscellaneous Retail). Its shares trade on NASDAQ under the ticker REAL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $692.8M | -$41.8M | -$0.70 | $18.4M |
| 2024 | $600.5M | -$134.2M | -$1.24 | $12.6M |
| 2023 | $549.3M | -$168.5M | -$1.65 | -$90.4M |
| 2022 | $603.5M | -$196.4M | -$2.05 | -$114.4M |
| 2021 | $467.7M | -$236.1M | -$2.58 | -$179.6M |
| 2020 | $299.9M | -$175.8M | -$2.01 | -$152.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where REAL ranks in Consumer discretionary
Latest SEC filings
What TheRealReal, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Passive stake changed SCHEDULE 13G/A
- November 5, 2026
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 19% to $206.1M versus the same quarter last year; diluted EPS -$0.04 versus -$0.49.
- October 29, 2026
- October 15, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 17% to $192.6M versus the same quarter last year; diluted EPS -$0.23 versus -$0.13.
- August 6, 2026
- July 30, 2026Passive stake changed SCHEDULE 13G/A
- July 8, 2026Passive stake changed SCHEDULE 13G/A
- June 30, 2026Passive stake (5% or more) SCHEDULE 13G
What is REAL worth? A DCF from its reported cash flow
Insider trades
What the people running TheRealReal, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.9M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 3, 2026 | Dubey SharmisthaDirector | Received as pay | 7,831 | - |
| September 30, 2026 | Katz KarenDirector | Received as pay | 2,262 | - |
| September 30, 2026 | McCaffrey MarkDirector | Received as pay | 1,414 | - |
| August 21, 2026 | Suko Todd AChief Legal Officer and Secret | Sold | 10,895 | $119.5K |
| August 21, 2026 | Suko Todd AChief Legal Officer and Secret | Sold | 2,479 | $27.2K |
| August 21, 2026 | Suko Todd AChief Legal Officer and Secret | Sold | 4,193 | $46K |
| August 21, 2026 | Friang Luke ThomasChief Product & Tech Officer | Sold | 8,485 | $93.2K |
| August 21, 2026 | Friang Luke ThomasChief Product & Tech Officer | Sold | 2,514 | $27.6K |
Who owns REAL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Divisadero Street Capital Management, LP13G, passive with 4 related filers | 7.6% | June 30, 2026 |
| Fmr LLC13G, passive with 1 related filers | 5.2% | July 8, 2026 |
Largest institutional holders
Insiders
13 insiders reported holding 5,067,696 shares in total, about $74.2M at the last price.
| Holder | Shares |
|---|---|
| Sahi Levesque RatiChief Executive Officer | 1,496,844 |
| Madan Gopal AjayChief Financial Officer | 1,108,860 |
| Suko Todd AChief Legal Officer and Secret | 587,897 |
| Friang Luke ThomasChief Product & Tech Officer | 508,648 |
| Coleman CarethaDirector | 265,933 |
| Katz KarenDirector | 256,145 |
| Leondakis NikiDirector | 207,489 |
| Krolik Robert JDirector | 205,507 |
| Miller James R.Director | 198,066 |
| Lo Steve MingChief Accounting Officer | 176,910 |
Questions about REAL
What does TheRealReal, Inc. do?
TheRealReal, Inc. is a company in the Consumer discretionary sector, listed on NASDAQ as REAL. Its shares trade on NASDAQ under the ticker REAL.
What is TheRealReal, Inc.'s net worth?
TheRealReal, Inc. has a market value (market cap) of $1.8B at the latest share price, and shareholders' equity of -$354.4M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is TheRealReal, Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $11.1M on revenue of $782.5M.
How much revenue does TheRealReal, Inc. make?
Over the twelve months to September 30, 2026 TheRealReal, Inc. reported revenue of $782.5M. That is 18.1% more than a year earlier.
When did TheRealReal, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the passive stake changed from November 5, 2026.
When is TheRealReal, Inc.'s next earnings report?
TheRealReal, Inc.'s next report is expected around February 25, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values TheRealReal, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.