Jun 2026 (Q2 FY26) — Aug 6, 2026
The RealReal Q2 FY26 — All-Time High GMV and Raised Full-Year Outlook
Read the full callTheRealReal (REAL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
TheRealReal earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 193 | +16.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -1.2 | +4.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -27.2 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$10.54 +15.82% · +$1.44
Performance +2.1% 1Y
1Y: $10.32 on 14 Oct 2025 → $10.54. High $16.9 (13 Jan 2026), low $8.12 (30 Mar 2026).
- Previous close
- $9.1
- 52-week range
- $8.12 – $16.9
- One year
- +0.09%
Overview
- Symbol
- REAL
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
TheRealReal earnings calls (REAL)
Financials
What the filings say
Net profit, year on year: −140% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 148 | 164 | 160 | 165 | 174 | 194 | 190 | 193 |
| Operating profit | -15 | -5 | -13 | -10 | -8 | 6 | -2 | -2 |
| Operating margin | −9.9% | −3.1% | −8.0% | −6.0% | −4.3% | 3.2% | −1.2% | −1.2% |
| Interest | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 |
| Profit before tax | -18 | -68 | 62 | -11 | -54 | -39 | 39 | -27 |
| Tax rate | −0.4% | −0.1% | 0.1% | −0.8% | −0.0% | −0.4% | 0.3% | −0.4% |
| Net profit | -18 | -68 | 62 | -11 | -54 | -39 | 39 | -27 |
| EPS ($ per share) | -0.16 | — | 0.56 | -0.10 | -0.47 | — | 0.33 | -0.23 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -258 | -356 | -532 | -768 | -951 | -1,120 | -1,254 | -1,296 |
| Total liabilities | 99 | 128 | 414 | 682 | 786 | 750 | 830 | 825 |
| Fixed assets | 33 | 56 | 63 | 89 | 113 | 104 | 94 | 96 |
| Total assets | 135 | 465 | 605 | 755 | 616 | 447 | 423 | 409 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -47 | -54 | -134 | -142 | -92 | -61 | 27 | 37 |
| Cash from investing | -34 | -215 | 178 | -43 | -37 | -42 | -26 | -29 |
| Cash from financing | 106 | 379 | 153 | 253 | 4 | 0 | -5 | -29 |
| Net cash flow | 25 | 109 | 196 | 67 | -124 | -103 | -3 | -21 |
| Capital expenditure | -13 | -25 | -18 | -37 | -23 | -29 | -14 | -19 |
| Free cash flow | -61 | -79 | -153 | -180 | -114 | -90 | 13 | 18 |
Insider filings
102 filings between Oct 22, 2025 and Sep 30, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$115.06M
80 sales by 6 insiders
Compensation
not trading decisions- 21
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Baird Gilbert L. III | — | $101.54M | Nov 17, 2025 |
| Sahi Levesque Rati | — | $4.25M | Aug 21, 2026 |
| Suko Todd A | — | $3.35M | Aug 21, 2026 |
| Lo Steve Ming | — | $2.68M | Aug 21, 2026 |
| Madan Gopal Ajay | — | $2.35M | Aug 21, 2026 |
| Friang Luke Thomas | — | $891.2K | Aug 21, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | KATZ KAREN Director | Award | 2,262 | $0 |
| Sep 30, 2026 | McCaffrey Mark Director | Award | 1,414 | $0 |
| Aug 21, 2026 | Madan Gopal Ajay Chief Financial Officer | Sale | 8,067 | $88.6K |
| Aug 21, 2026 | Lo Steve Ming Chief Accounting Officer | Sale | 2,167 | $23.8K |
| Aug 21, 2026 | Lo Steve Ming Chief Accounting Officer | Sale | 1,407 | $15.4K |
| Aug 21, 2026 | Suko Todd A Chief Legal Officer and Secret | Sale | 10,895 | $119.5K |
| Aug 21, 2026 | Madan Gopal Ajay Chief Financial Officer | Sale | 23,581 | $258.9K |
| Aug 21, 2026 | Lo Steve Ming Chief Accounting Officer | Sale | 8,985 | $98.6K |
| Aug 21, 2026 | Suko Todd A Chief Legal Officer and Secret | Sale | 4,193 | $46.0K |
| Aug 21, 2026 | Friang Luke Thomas Chief Product & Tech Officer | Sale | 2,514 | $27.6K |
| Aug 21, 2026 | Friang Luke Thomas Chief Product & Tech Officer | Sale | 8,528 | $93.6K |
| Aug 21, 2026 | Friang Luke Thomas Chief Product & Tech Officer | Sale | 2,501 | $27.5K |
| Aug 21, 2026 | Sahi Levesque Rati Chief Executive Officer | Sale | 8,071 | $88.6K |
| Aug 21, 2026 | Sahi Levesque Rati Chief Executive Officer | Sale | 20,216 | $222.0K |
| Aug 21, 2026 | Sahi Levesque Rati Chief Executive Officer | Sale | 56,145 | $616.5K |
| Aug 21, 2026 | Suko Todd A Chief Legal Officer and Secret | Sale | 2,479 | $27.2K |
| Aug 21, 2026 | Madan Gopal Ajay Chief Financial Officer | Sale | 4,770 | $52.4K |
| Aug 21, 2026 | Friang Luke Thomas Chief Product & Tech Officer | Sale | 8,485 | $93.2K |
| Jul 27, 2026 | KROLIK ROBERT J Director | Award | 14,150 | $0 |
| Jul 27, 2026 | Coleman Caretha Director | Award | 14,150 | $0 |
| Jul 27, 2026 | McCaffrey Mark Director | Award | 14,150 | $0 |
| Jul 27, 2026 | McKeehan Jennifer Director | Award | 14,150 | $0 |
| Jul 27, 2026 | Miller James R. Director | Award | 14,150 | $0 |
| Jul 27, 2026 | KATZ KAREN Director | Award | 14,150 | $0 |
| Jun 30, 2026 | McCaffrey Mark Director | Award | 742 | $0 |
| Jun 30, 2026 | KATZ KAREN Director | Award | 1,378 | $0 |
| May 21, 2026 | Friang Luke Thomas Chief Product & Tech Officer | Sale | 2,405 | $22.2K |
| May 21, 2026 | Friang Luke Thomas Chief Product & Tech Officer | Sale | 8,202 | $75.9K |
| May 21, 2026 | Friang Luke Thomas Chief Product & Tech Officer | Sale | 8,159 | $75.5K |
| May 21, 2026 | Friang Luke Thomas Chief Product & Tech Officer | Sale | 2,417 | $22.4K |
| May 21, 2026 | Suko Todd A Chief Legal Officer and Secret | Sale | 4,142 | $38.3K |
| May 21, 2026 | Suko Todd A Chief Legal Officer and Secret | Sale | 2,449 | $22.7K |
| May 21, 2026 | Madan Gopal Ajay Chief Financial Officer | Sale | 4,587 | $42.4K |
| May 21, 2026 | Sahi Levesque Rati Chief Executive Officer | Sale | 19,438 | $179.8K |
| May 21, 2026 | Suko Todd A Chief Legal Officer and Secret | Sale | 10,762 | $99.5K |
| May 21, 2026 | Madan Gopal Ajay Chief Financial Officer | Sale | 7,758 | $71.8K |
| May 21, 2026 | Madan Gopal Ajay Chief Financial Officer | Sale | 22,678 | $209.8K |
| May 21, 2026 | Lo Steve Ming Chief Accounting Officer | Sale | 1,353 | $12.5K |
| May 21, 2026 | Lo Steve Ming Chief Accounting Officer | Sale | 2,084 | $19.3K |
| May 21, 2026 | Lo Steve Ming Chief Accounting Officer | Sale | 8,640 | $79.9K |
| May 21, 2026 | Sahi Levesque Rati Chief Executive Officer | Sale | 7,762 | $71.8K |
| May 21, 2026 | Sahi Levesque Rati Chief Executive Officer | Sale | 53,994 | $499.4K |
| Apr 13, 2026 | Lo Steve Ming Chief Accounting Officer | Award | 31,310 | $0 |
| Apr 13, 2026 | McKeehan Jennifer Director | Award | 4,247 | $0 |
| Mar 31, 2026 | McCaffrey Mark Director | Award | 963 | $0 |
| Mar 31, 2026 | KATZ KAREN Director | Award | 1,988 | $0 |
| Mar 19, 2026 | Madan Gopal Ajay Chief Financial Officer | Sale | 51,585 | $479.2K |
| Feb 23, 2026 | Suko Todd A Chief Legal Officer and Secret | Sale | 12,271 | $131.5K |
| Feb 23, 2026 | Suko Todd A Chief Legal Officer and Secret | Sale | 15,777 | $169.1K |
| Feb 23, 2026 | Suko Todd A Chief Legal Officer and Secret | Sale | 9,390 | $100.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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