The earnings call presents a positive outlook for the RealReal with strong revenue growth and profitability improvements, driven by strategic initiatives and operational efficiencies. Despite some challenges with operating cash flow and macroeconomic uncertainties, the highlights significantly outweigh the lowlights, indicating a successful start to the year.

Company Guidance -

Q2 2025

During the call, the RealReal reaffirmed its full-year 2025 guidance and reported strong Q1 results, with GMV increasing by 9% to $490 million and revenue up 11% year-over-year to $160 million. The company achieved a 7% increase in active buyers, and the average order value rose by 5% to $564. Gross margin improved by 40 basis points to 75%, and adjusted EBITDA reached a positive $4 million, marking a $6 million increase from the previous year. The RealReal highlighted its strategic pillars of unlocking supply, driving operational efficiencies, and enhancing service, which contributed to the highest number of new consignors in over two years. The company expects full-year GMV between $1.96 billion and $1.99 billion and revenue between $645 million and $660 million, with adjusted EBITDA projected to be between $20 million and $30 million.

Record-Breaking Revenue and Growth

In Q1 2025, GMV increased by 9% and revenue increased by 11% year-over-year, aligning with the company's goal of high-single-digit to low-double-digit growth. Active buyers also increased by 7% on a trailing 12-month basis.

Improved Profitability and Margins

Adjusted EBITDA increased to a positive $4 million, an increase of $6 million versus Q1 of last year. Gross margin improved by 40 basis points year-over-year.

New Consignor Growth

The company delivered its highest number of new consignors in over two years, with innovative strategies contributing significantly to new consignor acquisition.

Successful Strategic Initiatives

The growth playbook initiatives, including sales, marketing, and stores, drove healthy supply trends. The Real Partners and Get Paid Now programs are generating substantial supply growth.

Operational Efficiency with AI

The Athena AI-enabled product intake process reduces costs and improves efficiency, processing more than 10% of items with an estimated 20% reduction in processing times.

RealReal (REAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

REAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2025	2025 (Q2)	-0.09 / -	-0.13	―	―	―
May 08, 2025	2025 (Q1)	-0.10 / -0.08	-0.12	33.33% (+0.04)
Feb 20, 2025	2024 (Q4)	-0.04 / -0.01	-0.07	85.71% (+0.06)
Nov 04, 2024	2024 (Q3)	-0.12 / -0.09	-0.15	40.00% (+0.06)
Aug 06, 2024	2024 (Q2)	-0.17 / -0.13	-0.3	56.67% (+0.17)
May 07, 2024	2024 (Q1)	-0.17 / -0.12	-0.36	66.67% (+0.24)
Feb 29, 2024	2023 (Q4)	-0.13 / -0.07	-0.29	75.86% (+0.22)
Nov 07, 2023	2023 (Q3)	-0.27 / -0.15	-0.38	60.53% (+0.23)
Aug 08, 2023	2023 (Q2)	-0.39 / -0.30	-0.4	25.00% (+0.10)
May 09, 2023	2023 (Q1)	-0.46 / -0.36	-0.47	23.40% (+0.11)

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 08, 2025	$7.29	$5.05	-30.73%
Feb 20, 2025	$7.96	$6.46	-18.84%
Nov 04, 2024	$3.05	$3.66	+20.00%
Aug 06, 2024	$3.10	$2.38	-23.23%

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 07, 2025, After Close (Confirmed).

What is RealReal (REAL) earnings time?

RealReal (REAL) earnings time is at Aug 07, 2025, 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 2025 (Q2) is -0.09.

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