Is the business good?
How good a business is REAL?
The RealReal, Inc. keeps −1.9% of every revenue dollar as operating profit, against 8.4% for the median Consumer Cyclical name.
−1.9%
Operating margin · Consumer Cyclical median 8.4% · 12 months to Q1 2026
- Share count, year on year
- +4.1%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 74%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −58% |
| FY2021 | −46% |
| FY2022 | −31% |
| FY2023 | −30% |
| FY2024 | −9.4% |
| FY2025 | −3.5% |
Details›
- Gross margin12 months to Q1 2026
- 74%
- Operating margin12 months to Q1 2026
- −1.9%
- Net margin12 months to Q1 2026
- −9.0%
- Free cash flow margin
- 3.8%
- Revenue, trailing twelve months
- $723M
- Free cash flow, trailing twelve months
- $27M
- Net income, trailing twelve months
- −$65M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.