The RealReal, Inc. (REAL) AI Stock Analysis

The RealReal, Inc. operates an online marketplace and retail network specializing in consigned luxury goods in the United States. Founded in 2011 and headquartered in San Francisco, California, the company resells pre-owned authenticated items across categories such as women's and men's fashion, kids' clothing, luxury jewelry, watches, home decor, and art pieces. It operates an omnichannel model combining its digital platform with physical luxury consignment offices and stores. Through curated collections and authentication processes, the company focuses on providing sustainable shopping options and extending the lifecycle of luxury goods.

Revenue grew from $467.7M in FY2021 to $603.5M in FY2022, declined 9.0% to $549.3M in FY2023, and rebounded to $600.5M in FY2024 and $692.8M in FY2025, reflecting a 5-year revenue CAGR of 18.2%. Gross margin improved from 58.5% in FY2021 to 69.8% in FY2025, after reaching 74.5% in FY2024. Net loss narrowed from -$236.1M in FY2021 to -$41.8M in FY2025, while operating margin improved from -46.0% to -3.5%. For the trailing twelve months ended June 30, 2026, revenue was $749.9M with quarterly revenue growth of 16.6% year-over-year. Operating margin was -1.2% and EPS was -$0.94.

As of June 30, 2026, The RealReal held $119.1M in cash and short-term investments against total debt of $463.3M, resulting in net debt of $344.2M. Shareholders' equity was -$377.7M, and total assets stood at $378.3M, alongside a current ratio of 0.83. Operating cash flow improved to $37.0M in FY2025, delivering free cash flow of $18.4M after capital expenditures of $18.6M. Over the past five years, the company's share count increased 30.6%.

At a last close of $10.39, The RealReal trades at a forward P/E of 38.2x, compared to 14.1x for the median of its US-listed Consumer Cyclical peers. Its enterprise value to EBITDA ratio is 93.7x versus the peer median of 11.1x, while its price-to-sales of 1.7x sits above the peer median of 0.7x. The company has a market cap of $1.26B and enterprise value of $1.46B. Over the past year, the stock returned -0.0% compared to 16.8% for the S&P 500, and over five years it returned -12.3% versus 83.0% for the index.

Wall Street analysts issue 7 Strong Buy and 2 Hold ratings on The RealReal. The mean price target is $18.00, representing a 73.2% premium over the last close of $10.39. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $795.5M and EPS of $0.10. For the next fiscal year, 6 analysts project revenue of $883.4M and EPS of $0.30. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is October 29, 2026.

This page is an AI-written research summary of The RealReal, Inc. (REAL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: REAL income statement, REAL balance sheet, REAL key metrics, REAL analyst forecast, REAL chart. See the REAL stock overview for the latest quote and news.