The RealReal, Inc. (REAL)

From the record

The RealReal, Inc.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2020-06-22) (its current reports).

From the record

The RealReal, Inc.'s 9 filed years say what it did: revenue went from $138 million in fiscal 2017 to $693 million in fiscal 2025, up 22.4% a year; it rose in 6 of 8 years; the deepest fall was 9% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, The RealReal, Inc.'s diluted share count grew about 6.7% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 84 sales and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, The RealReal, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 126 cents per dollar of everything the company owns. Leverage: it owed about 202 cents per dollar of assets, and net share issuance: its share count grew 8.0% over the year (the filed statements).

From the record

The RealReal, Inc.'s standing among 12 graded names in its industry family: revenue of $693 million in fiscal 2025 ranks in the top 45% by size; a net margin of -6% ranks in the bottom 46%; revenue growth of 4.7% a year over the last 3 filed years ranks in the bottom 46% (its annual reports).

From the record

The RealReal, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Sahi, Levesque Rati (Chief Executive Officer, as filed), filing under that title since 2024-10-31, 2 years (bottom 7% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 6.3 years (top 42%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

The RealReal, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $151 million against no long-term debt tagged leaves 37% of its assets as net cash, top 12% of its family; cash from operations less capital spending is 2.7% of revenue (bottom 46%); a gross margin of 74.6% (top 14%) (its annual report).

From the record

The RealReal, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 4.7% a year over the last three filed years against 22.4% over all 9, slowing (bottom 14% of its family); the newest year grew 15.4% (top 32%); capital spending grew -6.6% a year (bottom 35%) (its annual reports). The RealReal, Inc. reported 3 product lines in fiscal 2025: Service at $536 million (77%), Product at $91 million (13%), Shipping and Handling at $66 million (10%); 3 of 3 grew against the year before (its annual report).

From the record

The RealReal, Inc.'s newest year against its own record: revenue of $693 million in fiscal 2025 came in 15.7% above the $599 million its prior three years' pace pointed to (top 25% of its family); net income of $42 million against a prior three-year average of $166 million (top 35%); a net margin of -6% against -28.5% before (top 25%) (its annual reports).