Realreal (REAL)
NASDAQ:REAL
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.06Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong, consistent top-line growth (GMV +24%, revenue +19%), expanding profitability (adjusted EBITDA margin +430 bps), higher buyer engagement and AOV gains, and concrete operational investments in AI and automation that should drive future efficiency. Management raised full-year guidance and described multiple execution levers (stores, sales team, MyCloset, Real Partners, Athena, automated storage) to sustain the flywheel. The main issues noted were mix-driven take-rate compression, a modest decline in gross margin, seasonal negative operating cash flow, and that international/drop-ship initiatives remain early-stage. Overall, positives around growth, margin expansion and execution materially outweigh the manageable near-term headwinds.Company Guidance
Raised Full-Year Outlook
Company increased full-year guidance: GMV to $2.42B–$2.47B (14%–16% growth), revenue to $770M–$784M (11%–13% growth), and adjusted EBITDA to $59M–$67M (implying ~8.1% margin at midpoint, ~200 bps improvement vs. 2025).
Operational Automation and AI Progress
Investment in AI/automation including Athena intake system (targeting nearly 50% of items flowing through Athena by end of the year/2026), AI-powered image embedding for pricing, and an automated storage and retrieval system expected to increase capacity by ~35% at a fulfillment center.
Supply and Distribution Expansion
Stores continuing to drive higher-value supply (sellers who engage with stores deliver 40% more value); new store markets planned for 2026 (San Francisco, Boston). Growing drop-ship and vendor channels and early partner development in Italy, France and Japan.
Strong Platform Trust and Long-Term Positioning
Company highlighted network effects and customer loyalty: ~50% of customers are Gen Z and millennials; management has paid out >$6B to consignors over 15 years; 43% of new consignors in Q1 originated from active buyers, supporting the flywheel.
Strong Top-Line Growth (GMV and Revenue)
Q1 GMV of $606M, up 24% year-over-year and up 32% on a 2-year stacked basis; Total revenue of $190M, up 19% year-over-year. Consignment revenue +18% and direct revenue +26% year-over-year.
Improved Profitability and Margin Expansion
Adjusted EBITDA of $13.1M (6.9% of revenue), an increase of $9M versus prior year and margin expansion of ~430 basis points year-over-year. Operating expenses leveraged ~730 basis points as a percent of revenue.
Buyer Engagement and AOV Momentum
Trailing 12-month active buyers grew 10% year-over-year. Average order value increased to $646, up 15% versus last year, reflecting stronger demand for higher-value items.
REAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
REAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $12.40 | $10.26 | -17.26% |
Feb 26, 2026 | $12.39 | $12.26 | -1.05% |
Nov 10, 2025 | $11.21 | $15.48 | +38.09% |
Aug 07, 2025 | $5.51 | $6.40 | +16.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Realreal (REAL) report earnings?
Realreal (REAL) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Realreal (REAL) earnings time?
Realreal (REAL) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REAL EPS forecast?
REAL EPS forecast for the fiscal quarter 2026 (Q2) is -0.02.