Is This Why Mike Burry Took a Stake in The RealReal Stock?Gopal said operating expenses were $139 million and leveraged 600 basis points year-over-year as a percentage of revenue, attributing the improvement to greater use of AI and automation, higher sales team productivity, and leverage on fixed costs.The company also posted stronger profitability in the period. Fourth quarter gross profit increased 19% to $145 million, and gross margin improved 40 basis points to 74.8%. Adjusted EBITDA was $22 million, r ...