REAL
$10.96+5.38%
The RealReal Inc.Stock · Consumer DiscretionaryRussell 2000 · 0.04% of IWMNasdaq Composite · 0.003% of ONEQUS Stock Market · 0.002% of VTIRussell 3000 · 0.002% of IWV
REAL financial statements
The full income statement, balance sheet, and cash-flow statement for The RealReal Inc. (REAL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 108.5M2024-09 109.7M2024-12 111.2M2025-03 113.1M2025-06 115.2M2025-09 116.7M2025-12 119.0M2026-03 120.5M2026-06 121.7M+12.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 693M+15.4% | 600M+9.3% | 549M-9.0% | 603M+29.0% | 468M+55.9% | |
| 517M+15.5% | 448M+18.9% | 376M+7.9% | 349M+27.5% | 273M+45.8% | ||
| Cost of revenue | 176M+15.1% | 153M-11.6% | 173M-32.1% | 255M+31.2% | 194M+72.8% | |
| 541M+7.3% | 504M-7.1% | 543M+0.9% | 538M+10.1% | 488M+35.5% | ||
| Selling, general & administrative | 202M+7.4% | 188M+2.1% | 184M-5.9% | 195M+10.8% | 176M+25.3% | |
| Selling & marketing | 63.3M+14.5% | 55.3M-5.2% | 58.3M-7.5% | 63.0M+0.4% | 62.7M+14.5% | |
| Restructuring | 0.00-100.0% | 196K-99.5% | 43.5M+4750.7% | 896K-61.3% | 2.31M | |
| Provision for credit losses | 2.61M+4.4% | 2.50M+27.3% | 1.96M+16.8% | 1.68M+62.5% | 1.03M+14.5% | |
| Operating income | -23.9M+57.6% | -56.5M+66.0% | -166M+12.1% | -189M+12.0% | -215M-24.4% | |
| Interest expense | 27.7M+29.5% | 21.4M+99.8% | 10.7M+2.2% | 10.5M-51.4% | 21.5M+309.0% | |
| Interest & investment income | 4.26M-46.4% | 7.94M-9.8% | 8.80M+175.9% | 3.19M+774.2% | 365K-85.5% | |
| Other non-operating income | 926K | 0.00 | 0.00-100.0% | 171K+643.5% | 23.0K+113.6% | |
| Pre-tax income | -41.4M+69.1% | -134M+20.4% | -168M+14.3% | -196M+16.9% | -236M-34.3% | |
| Income tax | 363K+31.5% | 276K-2.5% | 283K+64.5% | 172K+207.1% | 56.0K-44.6% | |
| -41.8M+68.9% | -134M+20.3% | -168M+14.2% | -196M+16.8% | -236M-34.3% | ||
| Net income to common | -41.8M+68.9% | -134M+20.3% | -168M+14.2% | -196M+16.8% | -236M-34.3% | |
| -$0.70+43.5% | -$1.24+24.8% | -$1.65+19.5% | -$2.05+20.5% | -$2.58-28.4% | ||
| EPS (basic) | -$0.36+71.0% | -$1.24+24.8% | -$1.65+19.5% | -$2.05+20.5% | -$2.58-28.4% | |
| Weighted-avg shares (basic) | 115M+6.5% | 108M+6.0% | 102M+6.1% | 95.9M+4.9% | 91.4M+4.4% | |
| Weighted-avg shares (diluted) | 117M+8.0% | 108M+6.0% | 102M+6.1% | 95.9M+4.9% | 91.4M+4.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 227M-2.2% | 233M-1.4% | 236M-36.6% | 372M-28.1% | 518M+22.9% | ||
| Cash & equivalents | 151M-12.2% | 172M-2.0% | 176M-40.2% | 294M-29.7% | 418M+19.2% | |
| Accounts receivable | 23.8M+70.6% | 14.0M-19.0% | 17.2M+41.1% | 12.2M+57.2% | 7.77M+7.7% | |
| Inventory | 30.8M+30.8% | 23.6M+6.0% | 22.2M-48.2% | 43.0M-39.5% | 71.0M+67.8% | |
| Prepaid expenses | 21.6M-5.8% | 22.9M+10.3% | 20.8M-10.8% | 23.3M+11.7% | 20.9M+22.2% | |
| 409M-3.3% | 423M-5.3% | 447M-27.4% | 616M-18.5% | 755M+24.8% | ||
| Property, plant & equipment | 96.1M+1.8% | 94.4M-9.3% | 104M-7.6% | 113M+26.2% | 89.3M+40.7% | |
| Operating lease right-of-use | 64.6M-14.6% | 75.7M-12.3% | 86.3M-32.5% | 128M-11.9% | 145M+23.0% | |
| Other non-current assets | 5.95M+11.0% | 5.36M-4.8% | 5.63M+104.7% | 2.75M+8.4% | 2.54M+23.7% | |
| 264M+6.3% | 249M+31.7% | 189M-9.0% | 208M+10.4% | 188M+26.8% | ||
| Accounts payable | 14.6M+32.4% | 11.0M+22.8% | 8.96M-24.7% | 11.9M+164.3% | 4.50M-68.6% | |
| Accrued liabilities | 111M+24.3% | 89.7M+16.3% | 77.1M-5.4% | 81.5M+14.8% | 71.0M+24.5% | |
| Deferred revenue | 3.11M+27.3% | 2.44M+10.3% | 2.21M-37.6% | 3.55M+4.8% | 3.39M+109.5% | |
| Current lease liability | 24.6M+7.9% | 22.8M+13.6% | 20.1M-3.3% | 20.8M+13.8% | 18.3M+21.7% | |
| Other current liabilities | 114M+15.3% | 98.5M+19.1% | 82.7M-11.4% | 93.3M+1816.8% | 4.87M+3.8% | |
| 825M-0.7% | 830M+10.7% | 750M-4.5% | 786M+15.2% | 682M+64.8% | ||
| Non-current lease liability | 66.8M-22.1% | 85.8M-18.2% | 105M-16.2% | 125M-12.6% | 143M+24.4% | |
| Operating lease liability (total) | 91.4M-15.8% | 109M-13.1% | 125M-14.4% | 146M-9.6% | 161M+24.1% | |
| Other non-current liabilities | 7.35M+19.7% | 6.14M+50.5% | 4.08M+25.5% | 3.25M+42.0% | 2.29M+78.4% | |
| -416M-2.0% | -407M-34.3% | -303M-78.3% | -170M-332.6% | 73.1M-61.8% | ||
| Common stock | 1.00K+0.0% | 1.00K+0.0% | 1.00K+0.0% | 1.00K+0.0% | 1.00K+0.0% | |
| Additional paid-in capital | 880M+4.0% | 846M+3.7% | 816M+4.5% | 781M-7.2% | 841M+16.3% | |
| Retained earnings | -1.30B-3.3% | -1.25B-12.0% | -1.12B-17.7% | -951M-23.8% | -768M-44.4% | |
| Accumulated other comprehensive income | — | — | — | — | 0.00-100.0% | |
| Total liabilities & equity | 409M-3.3% | 423M-5.3% | 447M-27.4% | 616M-18.5% | 755M+24.8% | |
| Common shares issued | 118M+6.4% | 111M+6.3% | 105M+5.6% | 99.1M+6.6% | 93.0M+4.1% | |
| Common shares outstanding | 118M+6.4% | 111M+6.3% | 105M+5.6% | 99.1M+6.6% | 93.0M+4.1% | |
| Shares outstanding (cover) | 119M+7.0% | 111M+6.3% | 105M+5.5% | 99.2M+6.7% | 93.1M+3.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 37.0M+37.9% | 26.8M+143.8% | -61.3M+33.1% | -91.6M+35.6% | -142M-5.8% | ||
| Depreciation & amortization | 33.0M-0.3% | 33.1M+4.4% | 31.7M+14.6% | 27.7M+17.6% | 23.5M+24.9% | |
| Share-based compensation | 28.9M-0.5% | 29.1M-15.1% | 34.3M-25.7% | 46.1M-5.5% | 48.8M+100.6% | |
| Deferred income taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Change in receivables | 12.5M+1725.6% | -767K-111.0% | 6.98M+14.1% | 6.12M+285.4% | 1.59M+371.2% | |
| Change in inventory | 9.47M+157.7% | 3.68M+133.6% | -10.9M+54.4% | -24.0M-182.1% | 29.2M+43.1% | |
| Change in payables | 1.61M+77.3% | 910K+314.1% | -425K-108.6% | 4.95M+149.5% | -9.99M-456.8% | |
| -29.2M-14.2% | -25.6M+39.3% | -42.1M-14.1% | -36.9M+15.0% | -43.4M-124.4% | ||
| Capital expenditure | 18.6M+30.9% | 14.2M-51.2% | 29.2M+27.6% | 22.9M-39.0% | 37.5M+105.3% | |
| Free cash flow | 18.4M+45.8% | 12.6M+113.9% | -90.4M+21.0% | -114M+36.3% | -180M-17.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -28.9M-506.6% | -4.76M-2205.8% | 226K-94.5% | 4.10M-98.4% | 253M+65.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00-100.0% | 886K-36.7% | 1.40M-40.2% | 2.34M+140.8% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | -21.1M-502.4% | -3.50M+96.6% | -103M+17.1% | -124M-284.7% | 67.3M-65.7% | |
| Interest paid | 17.5M+63.5% | 10.7M+31.4% | 8.13M+0.3% | 8.10M+23.1% | 6.58M+59754.5% | |
| Income taxes paid | 331K+65.5% | 200K-11.9% | 227K-11.3% | 256K+172.3% | 94.0K+4.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.88B+54.4% | 1.22B+485.3% | 208M+69.5% | 123M-88.7% | 1.08B-38.5% | |
| P/S | 2.7×+33.8% | 2.0×+451.3% | 0.4×+76.5% | 0.2×-91.0% | 2.3×-60.5% | |
| P/B | — | — | — | — | 14.8×+61.0% | |
| P/FCF | 102.2×+5.9% | 96.5× | — | — | — | |
| FCF yield | 0.98%-5.6% | 1.0% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: REAL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all REAL filings on SEC EDGAR → Not investment advice.