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10-K

Annual Report

TheRealReal, Inc. REAL

0001573221-26-000010

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Filed
Feb 26, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Feb 18, 2026 118.98M sh
Shares Diluted FY 2025 · Dec 31, 2025 116.51M sh
Shares Diluted FY 2025 · Dec 31, 2024 107.88M sh
Shares Diluted FY 2025 · Dec 31, 2023 101.81M sh
Capex FY 2025 · Dec 31, 2025 $18.64M
Capex FY 2025 · Dec 31, 2024 $14.25M
Capex FY 2025 · Dec 31, 2023 $29.18M
Operating Cash Flow FY 2025 · Dec 31, 2025 $37.01M
Operating Cash Flow FY 2025 · Dec 31, 2024 $26.85M
Operating Cash Flow FY 2025 · Dec 31, 2023 −$61.27M
Cash And Equivalents FY 2025 · Dec 31, 2025 $151.23M
Cash And Equivalents FY 2025 · Dec 31, 2024 $172.21M
Cash And Equivalents FY 2025 · Dec 31, 2023 $175.71M
Stockholders Equity FY 2025 · Dec 31, 2025 −$415.52M
Stockholders Equity FY 2025 · Dec 31, 2024 −$407.38M
Stockholders Equity FY 2025 · Dec 31, 2023 −$303.3M
Stockholders Equity FY 2025 · Dec 31, 2022 −$170.09M
Current Liabilities FY 2025 · Dec 31, 2025 $264.24M
Current Liabilities FY 2025 · Dec 31, 2024 $248.68M
Total Liabilities FY 2025 · Dec 31, 2025 $824.55M
Total Liabilities FY 2025 · Dec 31, 2024 $830.47M
Current Assets FY 2025 · Dec 31, 2025 $227.49M
Current Assets FY 2025 · Dec 31, 2024 $232.67M
Total Assets FY 2025 · Dec 31, 2025 $409.03M
Total Assets FY 2025 · Dec 31, 2024 $423.1M
Eps Diluted FY 2025 · Dec 31, 2025 −$0.70
Eps Diluted FY 2025 · Dec 31, 2024 −$1.24
Eps Diluted FY 2025 · Dec 31, 2023 −$1.65
Eps Basic FY 2025 · Dec 31, 2025 −$0.36
Eps Basic FY 2025 · Dec 31, 2024 −$1.24
Eps Basic FY 2025 · Dec 31, 2023 −$1.65
Sga Expense FY 2025 · Dec 31, 2025 $201.59M
Sga Expense FY 2025 · Dec 31, 2024 $187.74M
Sga Expense restated FY 2025 · Dec 31, 2023 $183.79M
Net Income FY 2025 · Dec 31, 2025 −$41.8M
Net Income FY 2025 · Dec 31, 2024 −$134.2M
Net Income FY 2025 · Dec 31, 2023 −$168.47M
Operating Income FY 2025 · Dec 31, 2025 −$23.93M
Operating Income FY 2025 · Dec 31, 2024 −$56.5M
Operating Income FY 2025 · Dec 31, 2023 −$166.29M
Gross Profit FY 2025 · Dec 31, 2025 $516.82M
Gross Profit FY 2025 · Dec 31, 2024 $447.52M
Gross Profit FY 2025 · Dec 31, 2023 $376.28M
Cost Of Revenue FY 2025 · Dec 31, 2025 $176.02M
Cost Of Revenue FY 2025 · Dec 31, 2024 $152.96M
Cost Of Revenue FY 2025 · Dec 31, 2023 $173.03M
Revenue FY 2025 · Dec 31, 2025 $692.85M
Revenue FY 2025 · Dec 31, 2024 $600.48M
Revenue FY 2025 · Dec 31, 2023 $549.3M