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RealReal (REAL)
NASDAQ:REAL
US Market
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RealReal (REAL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 03, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
0.03
Last Year’s EPS
-0.01
Same Quarter Last Year
Based on 8 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 10, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The RealReal's earnings call highlights strong financial performance with record GMV and revenue growth, significant improvements in adjusted EBITDA and free cash flow, and successful implementation of AI-driven efficiencies. Despite a decline in the take rate and competitive pressures, the company's positive outlook and raised guidance reflect confidence in sustained growth and profitability.
Company Guidance
During the Q3 2025 earnings call for The RealReal, the company provided positive guidance, projecting an annual GMV of over $2 billion, reflecting a strong 20% year-over-year growth in Q3 GMV to $520 million. The company highlighted adjusted EBITDA of $9.3 million, representing 5.4% of total revenue, an improvement of 380 basis points from the previous year. The strategic pillars driving these results include a growth playbook, operational efficiency, and a focus on exceptional service, with the sales team achieving a 12% increase in supply value per luxury manager and sales team tenure reaching an all-time high. Additionally, the company is seeing success in fine jewelry, wedding dress searches, and increased active buyers, with the latter reaching an all-time high of over 1 million. Looking ahead to Q4, The RealReal expects GMV growth between 17% and 16% revenue growth year-over-year, with an adjusted EBITDA margin of 9.5%. The company plans to continue leveraging AI and automation to improve operational efficiencies and anticipates full-year GMV between $2.10 billion and $2.11 billion, with revenue projected in the range of $687 million to $690 million.
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.

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

REAL Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 03, 2026
2025 (Q4)
0.03 / -
-0.01
Nov 10, 2025
2025 (Q3)
-0.07 / -0.04
-0.0955.56% (+0.05)
Aug 07, 2025
2025 (Q2)
-0.09 / -0.06
-0.1353.85% (+0.07)
May 08, 2025
2025 (Q1)
-0.10 / -0.08
-0.1233.33% (+0.04)
Feb 20, 2025
2024 (Q4)
-0.04 / -0.01
-0.0785.71% (+0.06)
Nov 04, 2024
2024 (Q3)
-0.12 / -0.09
-0.1540.00% (+0.06)
Aug 06, 2024
2024 (Q2)
-0.17 / -0.13
-0.356.67% (+0.17)
May 07, 2024
2024 (Q1)
-0.17 / -0.12
-0.3666.67% (+0.24)
Feb 29, 2024
2023 (Q4)
-0.13 / -0.07
-0.2975.86% (+0.22)
Nov 07, 2023
2023 (Q3)
-0.27 / -0.15
-0.3860.53% (+0.23)
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
Nov 10, 2025
$11.21$15.48+38.09%
Aug 07, 2025
$5.51$6.40+16.15%
May 08, 2025
$7.29$5.05-30.73%
Feb 20, 2025
$7.96$6.46-18.84%
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 Mar 03, 2026, After Close (Confirmed).
    What is RealReal (REAL) earnings time?
    RealReal (REAL) earnings time is at Mar 03, 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 2025 (Q4) is 0.03.
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