TheRealReal (REAL) Q2 FY26 earnings call

The RealReal delivered an exceptional quarter with record GMV and significant margin expansion, driven by disciplined execution and compounding advantages in its luxury resale marketplace. The company is leveraging AI and its unique full-service model to enhance customer experience, deepen trust, and optimize operations, leading to a confident raise in its full-year outlook. The consumer remains resilient, and the platform's flexibility allows it to adapt to shifting luxury demand.