The RealReal(REAL) - 2025 Q4 - Annual Results

THE REALREAL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 RESULTS Company surpassed $2 billion in GMV, accelerated active buyer growth, and exceeded 2025 financial guidance SAN FRANCISCO, February 26, 2026 — The RealReal, Inc. (Nasdaq: REAL)—the world's largest online marketplace for authenticated, resale luxury goods—today reported financial results for its fourth quarter and full year ended December 31, 2025. Fourth quarter 2025 gross merchandise value (GMV) and total revenue increased 22% and 18%, respect ...