Company / Gross Margin
TheRealReal, Inc. Gross Margin History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
74.6%
FY2025
5-year range
62.5% / 74.6%
FY2021-FY2025
Trend
+0.1%
vs FY2024
Sector context
#2 of 120
Consumer Discretionary
What the data says
Among 120 Consumer Discretionary companies, TheRealReal, Inc. is in the top 2% for gross margin. Gross Margin has increased for 3 consecutive years, from 62.5% in FY2022 to 74.6% in FY2025.
Based on SEC 10-K filings.
74.6% in FY2025 with a 5-year CAGR of +10.5%. Ranks 2nd among 120 companies in Consumer Discretionary.
Improved from 68.5% to 74.6% over the past 2 years.
Consumer Discretionary sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +12.1pp
- 5-Year Change
- +10.5pp
- 10-Year Change
- -
Sector benchmark
+106.3% above sector average
Key checks
Key Insights
- TheRealReal, Inc.'s gross margin has grown for 3 consecutive years.
- In FY2025, gross margin increased 0.1% year-over-year.
- Currently 38.4pp above the Consumer Discretionary sector average.
- Lowest gross margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score -1.45 (distress zone, below 1.8 threshold)
- Negative profit margin: -22.4%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 74.6% | +0.1% |
| FY2024 | 74.5% | +8.8% |
| FY2023 | 68.5% | +9.5% |
| FY2022 | 62.5% | -1.8% |
| FY2021 | 63.7% | -0.6% |
| FY2020 | 64.1% | +0.6% |
| FY2019 | 63.7% | -0.6% |
| FY2018 | 64.1% | +0.5% |
| FY2017 | 63.7% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026