Company surpassed $2 billion in GMV, accelerated active buyer growth, and exceeded 2025 financial guidance SAN FRANCISCO, Feb. 26, 2026 (GLOBE NEWSWIRE) -- 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%, respectively, compared to the fourth quarter of 2024. Full ...

Core Insights - The RealReal, Inc. reported a strong financial performance for Q1 2025, with total revenue of $160 million, representing an 11% increase year-over-year [2][9] - The company achieved a net income of $62 million, which includes $80 million in non-cash gains, marking a significant turnaround from a net loss in the same period last year [2][9] - Adjusted EBITDA for Q1 2025 was $4.1 million, an improvement of $6.4 million compared to Q1 2024 [2][9] Financial Performance - Gross merchandise value (GMV) for Q1 2025 was $490 million, up 9% from the previous year [2][9] - Gross profit reached $120 million, an increase of $13 million year-over-year, with a gross margin of 75.0%, improving by 40 basis points [2][9] - The trailing twelve months active buyer count increased by 7% to 985,000, and the average order value (AOV) rose by 5% to $564 [9] Strategic Focus - The CEO emphasized the company's unique position at the intersection of luxury and value, with a focus on sourcing supply from domestic closets [3] - The company is committed to operational efficiency and enhancing customer service, leveraging AI to optimize operations [3] - The growth strategy includes enhancing sales, marketing, and store presence, leading to the highest growth in new consignors in over two years [3] Guidance and Outlook - The RealReal reaffirmed its full-year guidance for 2025 despite market uncertainties, projecting GMV between $1.96 billion and $1.99 billion [5][7] - For Q2 2025, the company expects GMV to be between $476 million and $486 million, with total revenue projected between $157 million and $161 million [7]