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Companies / Consumer Discretionary / TheRealReal, Inc.
REAL

TheRealReal, Inc.

Ticker REALSAN FRANCISCO, CAFiscal year ends DecemberBook value per share $-2.79Diluted shares 127.0M

The RealReal, Inc. (Nasdaq: REAL) operates an online marketplace for authenticated resale luxury goods, primarily pre-owned, across women’s and men’s fashion, jewelry and watches. It serves individual consignors and buyers, handling authentication, inspection, photography, pricing, marketing, sale and fulfillment on… From the company’s description.

Over the twelve months to Sep 30, 2026, TheRealReal, Inc. reported revenue of $782.45M, up 18.1% from a year earlier, and a net loss of $11.07M. Its operating margin was 0.4%, and operations generated $59.49M in cash. In fiscal 2025, it reported revenue of $692.85M, up 15.4% from fiscal 2024, and a net loss of $41.80M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$692.85MFY2025
+15.4% year over year
Last 12 mo $782.45M
-3.45%FY2025
+6 percentage points
Last 12 mo 0.41%
$-41.80MFY2025
+68.9% year over year
Last 12 mo $-11.07M
10.06%FY2025
−22.8 percentage points
Last 12 mo 3.12%
Cash & financing
$37.01MFY2025
+37.9% year over year
Last 12 mo $59.49M
$5.48MFY2025
+586.3% year over year
Last 12 mo $20.52M
-0.89FY2025
Was -1.08× a year earlier
Last 12 mo -1.07
116.5MFY2025
+8.0% year over year
Last 12 mo 127.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What TheRealReal, Inc. does

In the company’s own words

The RealReal, Inc. (Nasdaq: REAL) operates an online marketplace for authenticated resale luxury goods, primarily pre-owned, across women’s and men’s fashion, jewelry and watches. It serves individual consignors and buyers, handling authentication, inspection, photography, pricing, marketing, sale and fulfillment on consignors’ behalf; buyers shop through its website, mobile app and retail stores. The marketplace features goods from thousands of luxury and premium designers, including Chanel, Gucci, Hermès, Louis Vuitton, Rolex and Tiffany & Co. The company also operates neighborhood and flagship stores that offer selected merchandise and in-person consignment services. Its technology platform uses proprietary data and artificial intelligence to support inventory management, authentication, pricing, item descriptions and photo retouching. The RealReal reported 3,140 full-time equivalent employees as of December 31, 2025, and over 1 million active buyers in 2025. The company was incorporated in 2011 and centers its business on extending the life cycle of luxury goods through resale. Its website is www.therealreal.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Retail
Headquarters
SAN FRANCISCO, CA
Fiscal year end
December
CIK
1573221
SIC
5900

Financial performance, year by year

Fiscal 2017–2025 · USD
$-337.96M$-32.39M$273.17M$578.74M$884.31M201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns TheRealReal, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

204
funds hold it
1 of 35
superinvestors hold it
$431.14M
held by funds, at market
30.0%
of shares held by funds

Superinvestors in TheRealReal, Inc. · what they did last quarter

Polen CapitalINCREASED +123.8%
Polen Capital Management
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · TheRealReal, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets
Fidelity Small Cap Growth Fund
FCPGX · Fidelity Securities Fund
—of fund net assets
Small Cap Growth Fund
ANONX · American Century Mutual Funds, Inc.
—of fund net assets
Fidelity Blue Chip Growth Fund
FBGRX · Fidelity Securities Fund
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do TheRealReal, Inc. and its peers compare on margins and cash generation over ten years?”
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