Record Quarterly GMV and Revenue Growth
The RealReal achieved a record quarterly GMV of $520 million, up 20% year-over-year, and a revenue increase of 17% year-over-year to $174 million.
Strong Adjusted EBITDA and Free Cash Flow
Adjusted EBITDA reached $9.3 million, representing 5.4% of total revenue, with a year-over-year margin expansion of 380 basis points. Free cash flow for the quarter was $14 million.
Increase in Active Buyers and Consignors
The active buyer base increased 7% year-over-year, reaching over 1 million active buyers. New and repeat consignors grew in double digits year-over-year.
Successful Implementation of AI and Efficiency Initiatives
The Athena AI-enabled product intake process touched 27% of all items, aiming for 30%-40% by year-end, contributing to operational efficiencies.
Positive Outlook and Guidance Raise
The company raised its full-year GMV outlook to $2.10 billion to $2.11 billion and adjusted EBITDA to $37.7 million to $38.7 million, reflecting 400 basis points of improvement versus 2024.