Record GMV and Revenue
The RealReal reported record GMV at $504 million and record revenue of $165 million, both up 14% year-over-year.
Strong Adjusted EBITDA Performance
Adjusted EBITDA was $6.8 million or 4.1% margin, which was a substantial beat versus expectations.
Increase in New Consignors
The company experienced double-digit growth in new consignors for the second quarter in a row, achieving the highest number of new consignors ever.
Positive Cash Flow Outlook
The company expects to generate strong positive free cash flows in Q3 and Q4, demonstrating the business model's favorable cash dynamics.
AI and Automation Driving Efficiency
The AI-driven Athena system is touching approximately 20% of all units, with plans to reach 30% to 40% by year-end, contributing to operational efficiency gains.
Increased Full Year Guidance
The company raised its full year guidance, now expecting GMV in the range of $2.030 billion to $2.045 billion, and adjusted EBITDA in the range of $29 million to $32 million.