The financials
The RealReal, Inc. by the numbers
The RealReal, Inc. (REAL) reported revenue of $190M in Q1 2026 (quarter ended March 31, 2026), up 19% from the same quarter a year earlier. That came with a gross margin of 74% and net income of $39M (21% of revenue). For the full year FY2025, revenue was $693M (+15% year on year) and net income −$42M. Its largest product in 2026-Q2 was Service at $148M, 89% of the disclosed total, just ahead of Shipping And Handling at 11%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $190M | $160M | +19% |
| Gross profit | $141M | $120M | +18% |
| Operating income | −$2.3M | −$13M | n/a |
| Net income | $39M | $62M | −38% |
| Diluted EPS | −$0.07 | −$0.14 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Service | $148M | 89% |
| Shipping And Handling | $19M | 11% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $166.8M (+1.8%)
Shipping And Handling grew +16% year on yearService +15% year on year
Segment Latestquarter on quarteryear on year
- Service$148.2M$148.2MQoQ +1.6%year on year +15%+1.6%+15%
- Shipping And Handling$18.6M$18.6MQoQ +3.1%year on year +16%+3.1%+16%