The RealReal, Inc.

REAL

NASDAQ · Luxury Goods & Jewelry

$12.87

At close - Nov 6, 4:00 PM EST - USD

Market Cap$1.55B

P/E-149.0x

52W High$17.39

Volume3.25M

VCP Research Verdict2026Q3

Growth Momentum Meets Persistent Balance Sheet Deficit

REAL's revenue reached $206.1M in 2026Q3, up 18.7% year over year, and gross margin expanded to 74.9% from 68.6% in 2024Q2, suggesting a durable shift toward higher-take-rate consignment mix.

GrowthExpanding

ProfitabilityStrained

ValuationExpensive

TechnicalsNeutral

Explore valuation models

MARKET ACTION

REAL price & volume

Price trend, volume and key moving averages

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Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

REAL-18.54%

S&P 500 (^GSPC)+7.63%

1-Year Return

REAL+18.95%

S&P 500 (^GSPC)+9.69%

3-Year Return

REAL+709.43%

S&P 500 (^GSPC)+65.92%

5-Year Return

REAL-6.20%

S&P 500 (^GSPC)+55.38%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/E

-149.0x

Forward P/E

106.9x

EV/EBITDA0th %ile

52.7x

FCF YieldCash Flow

1.8%

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

-149.0x

N/A

EV/EBITDA

52.7x

237.1x

0th· Low

Price/FCF

55.9x

100.1x

0th· Low

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend

Revenue FY25

$693M+15.4% YoY

Net income FY25

-$42M+68.9% YoY

Free cash flow FY25

$18M+508.1% YoY

Operating margin FY25

-3.5%+6.0 pts YoY

ROIC (FY25)-

Avg ROIC 5Y-111.8%

ROE (FY25)-

Piotroski Score5 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate8/12 (67%)

Revenue Beat Rate9/12 (75%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q4 2026Latest Oct 29, 2026	$0.02+506.1% vs $0.00	$206M+4.7% vs $197M
Q3 2026 Aug 6, 2026	-$0.01+43.2% vs -$0.02	$193M+2.4% vs $188M
Q2 2026 May 7, 2026	-$0.01+0.0% vs -$0.01	$190M+1.0% vs $188M
Q1 2026 Feb 26, 2026	$0.06+50.0% vs $0.04	$194M+2.8% vs $189M

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

4 Stories

PRNewsWire·Oct 29, 2026

THE REALREAL ANNOUNCES THIRD QUARTER 2026 RESULTS

Third Quarter Delivers Record Revenue, GMV and Orders as Active Buyer Growth Accelerates and Margins Expand; Company Raises Full Year Outlook SAN FRANCISCO, Oct. 29, 2026 /PRNewswire/ -- The RealReal, Inc. (Nasdaq: REAL)—the world's largest online marketplace for authenticated, resale luxury goods—today reported financial results for its third quarter ended September 30, 2026. Third quarter 2026 gross merchandise value (GMV) and total revenue increased 23% and 19% compared to the third quarter of 2025, respectively.

Zacks Investment Research·Oct 28, 2026

REAL Gears Up to Report Q3 Earnings: What Should Investors Expect?

RealReal is poised for Q3 growth, supported by luxury resale demand, stronger sourcing, AI-driven efficiencies and improved customer engagement.

GuruFocus·Oct 28, 2026

The RealReal Appoints Alexis Hoopes as Chief Merchandising Officer

The RealReal Appoints Alexis Hoopes as Chief Merchandising OfficerPR NewswireSAN FRANCISCO, Oct. 28, 2026Former eBay executive brings deep luxury merchandising

Schaeffers Research·Oct 27, 2026

RealReal Stock Flashing "Stay Away" Signal Ahead of Earnings

The RealReal Inc (NASDAQ:REAL) is up 3.5% to trade at $11.16 today, heading for its highest close since late August.

Filtered for The RealReal, Inc.More Headlines

Compare before deciding

Benchmark REAL against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for The RealReal, Inc. (REAL)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
REALThe RealReal, Inc.Current	$12.87	$1.55B	-148.96	15.38%	-1.42%	—	—
EBAYeBay Inc.	$121.96	$54.15B	26.47	7.95%	16.84%	46.11%	0.95%
ETSYEtsy, Inc.	$89.93	$8.53B	10.68	2.68%	34.36%	—	—
UPSUnited Parcel Service, Inc.	$108.30	$92B	20.87	-2.46%	4.84%	28.45%	5.86%
FDXFedEx Corporation	$308.14	$73.52B	16.61	7.73%	—	—	1.87%
SHOPShopify Inc.	$148.91	$193.23B	90.41	30.14%	15.01%	16.53%	—

Compare REAL vs Peers

The RealReal, Inc. (REAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EBAY

Most directly comparable listed peer for REAL.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare REAL against a more recognizable public peer.

Peer Set

Compare Top 5

vs EBAY, ETSY, UPS, FDX

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

REAL SEC Filings & Documents

The RealReal, Inc. (REAL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Oct 29, 2026·SEC

Material company update

Oct 15, 2026·SEC

Material company update

Aug 6, 2026·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

10-Q Quarterly Reports

FY 2026

Oct 29, 2026·SEC

FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

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REAL Frequently Asked Questions

The RealReal, Inc. (REAL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is The RealReal, Inc.'s revenue?

The RealReal, Inc. (REAL) reported $782.5M in revenue over the trailing twelve months. Revenue was $692.8M in fiscal year 2025. That is 404% more than the $137.5M of fiscal year 2017.

How fast is The RealReal, Inc. growing?

The RealReal, Inc. (REAL) grew revenue by 18.1% over the trailing twelve months, compared with the twelve months before.

Is REAL profitable?

No. The RealReal, Inc. (REAL) reported a net loss of $11.1M over the trailing twelve months.

Dividend & Returns

What is The RealReal, Inc.'s free cash flow?

The RealReal, Inc. (REAL) generated $27.7M in free cash flow over the trailing twelve months.

What if you invested $1,000 in REAL back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q4 2026Latest

Oct 29, 2026

$0.02+506.1%

vs $0.00

$206M+4.7%

vs $197M

Q3 2026

Aug 6, 2026

-$0.01+43.2%

vs -$0.02

$193M+2.4%

vs $188M

Q2 2026

May 7, 2026

-$0.01+0.0%

vs -$0.01

$190M+1.0%

vs $188M

Q1 2026

Feb 26, 2026

$0.06+50.0%

vs $0.04

$194M+2.8%

vs $189M

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

REALThe RealReal, Inc.Current

$12.87

$1.55B

-148.96

15.38%

-1.42%

—

EBAYeBay Inc.

$121.96

$54.15B

26.47

7.95%

16.84%

46.11%

0.95%

ETSYEtsy, Inc.

$89.93

$8.53B

10.68

2.68%

34.36%

—

UPSUnited Parcel Service, Inc.

$108.30

$92B

20.87

-2.46%

4.84%

28.45%

5.86%

FDXFedEx Corporation

$308.14

$73.52B

16.61

7.73%

—

1.87%

SHOPShopify Inc.

$148.91

$193.23B

90.41

30.14%

15.01%

16.53%

—