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TheRealReal, Inc.

REAL

$12.29 ▼ -1.11 (-8.28%) at close

10 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Weak

Bearish

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Analytical Summary

TheRealReal, Inc. faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $1.4B

Dividend Yield —

Revenue Growth 15.4% ↗

Op. Margin -3.5% ↗

ROIC 5.8% ↘

FCF / Share $0.16 ↗

Trailing P/E —

Price / Book —

FCF Yield 1.3%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

10-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$692.85M

↑ +15.4% —

Net Income Profit after all expenses

$-41.80M

↑ +68.9% —

Operating Margin Operating profit as % of sales

-3.5%

↑ +63.3% 22th

FCF / Share Free cash flow per share

$0.16

↑ +36.9% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns

Financial Health ↑

Cash Quality

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Revenue Growth YoY (%)	15.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+120%)	9.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+33%)	-9.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-228%)	29.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+315%)	55.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+699%)	-5.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-174%)	48.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+586%)	55.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+692%)	—	—
EPS Growth YoY (%)	71.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	24.8% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	19.5% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	20.5% Good Good Year-over-year change in earnings per share Optimal: > 10%	-28.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	68.9% Excellent ↑ Excellent Improving Year-over-year change in net income	20.3% Good ↑ Good Improving Year-over-year change in net income	14.2% Fair ↑ Fair Improving Year-over-year change in net income	16.8% Good ↑ Good Improving Year-over-year change in net income	-34.3% Weak ↑ Weak Improving Year-over-year change in net income	-78.6% Weak ↓ Weak Declining Year-over-year change in net income	-29.9% Weak Weak Year-over-year change in net income	-44.8% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	36.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	25.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	39.3% Excellent Excellent Year-over-year change in free cash flow	-12.7% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—
Revenue CAGR 3Y (%)	4.7% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	8.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	22.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	24.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	29.8% Excellent Excellent Compound annual revenue growth over 3 years	29.7% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	18.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	13.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	20.8% Excellent Excellent Compound annual revenue growth over 5 years	34.4% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Operating Margin (%) (%)	-3.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-129%)	-9.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-178%)	-30.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-352%)	-31.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-361%)	-46.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-483%)	-57.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-580%)	-31.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-364%)	-34.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-388%)	-37.7% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-414%)	—
Effective Tax Rate (%) (%)	-0.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-6.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-175%)	-22.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-379%)	-30.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-483%)	-32.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-507%)	-50.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-731%)	-58.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-833%)	-31.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-489%)	-35.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-543%)	-38.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-575%)	—
FCF Margin (%) (%)	2.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-16.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-19.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-38.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-50.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-25.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-28.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-36.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-0.44x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.09x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.54x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.58x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.76x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.81x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.80x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.96x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Return on Invested Capital (%)	5.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	13.9% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	54.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	111.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-293.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-90.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-29.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	29.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	29.3% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-5.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-13.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-37.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-30.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-28.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-28.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-21.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	-54.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	10.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	32.9% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+65%)	55.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+178%)	115.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+477%)	—	-91.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-560%)	-29.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-246%)	29.4% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+47%)	29.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+48%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	-0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-102%)	—	—
Interest Coverage (x)	-1.37x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-5.29x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-15.54x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-18.06x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-9.98x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-32.83x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-162.51x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-64.15x Weak Weak Operating income divided by interest expense Optimal: > 5x	-67.96x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-151.23M	$-172.21M	$-175.71M	$-293.79M	$-418.17M	$-350.85M	$-154.45M	$-31.14M	$-16.49M	—
Debt / EBITDA (x)	—	—	—	—	—	—	—	-0.05x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Revenue per Share (USD)	$6.03	$5.57	$5.40	$6.29	$5.12	$3.42	—	—	—	—
Basic EPS, GAAP (USD)	$-0.36	$-1.24	$-1.65	$-2.05	$-2.58	$-2.01	—	—	—	—
Free Cash Flow per Share (USD)	$0.16	$0.12	$-0.89	$-1.19	$-1.97	$-1.74	—	—	—	—
Book Value per Share (USD)	$-3.51	$-3.66	$-2.90	$-1.72	$0.79	$2.14	$3.93	$-29.99	—	—
Tangible Book Value per Share (USD)	$-3.51	$-3.66	$-2.90	$-1.72	$0.79	$2.14	$3.93	$-29.99	—	—
Basic Weighted Avg Shares (shares)	114.87M	107.88M	101.81M	95.92M	91.41M	87.59M	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Working Capital (USD)	$-36.75M	$-16.01M	$47.09M	$164.75M	$329.83M	$273.21M	$288.21M	$792.00K	—	—
LT Debt (USD)	—	—	—	—	—	—	—	$3.25M	—	—
Total Equity (USD)	$-415.52M	$-407.38M	$-303.30M	$-170.09M	$73.13M	$191.29M	$337.25M	$-257.69M	$-176.99M	$-122.92M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Sales/Revenue/Turnover (USD)	$692.85M	$600.48M	$549.30M	$603.49M	$467.69M	$299.95M	$316.35M	$213.73M	$137.52M	—
Depreciation Expense (USD)	$33.00M	$33.10M	$31.70M	$27.67M	$23.53M	$18.84M	$13.41M	$9.29M	$5.63M	—
Net Income, GAAP (USD)	$-41.80M	$-134.20M	$-168.47M	$-196.44M	$-236.11M	$-175.83M	$-98.43M	$-75.77M	$-52.31M	—
Operating Cash Flow (USD)	$37.01M	$26.85M	$-61.27M	$-91.56M	$-142.15M	$-134.42M	$-54.49M	$-47.20M	$-38.57M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 10 years · 35 quarters

TheRealReal, Inc.

Analytical Summary

10-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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