TheRealReal, Inc. Income Statement
REAL / Consumer Discretionary|9 years of annual SEC 10-K data (FY2017-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 9 fiscal years. All figures from audited SEC 10-K filings.
TheRealReal, Inc. reported $693M in revenue and $42M in net loss for FY2025. Revenue has grown at a 22.4% compound annual rate over the past 8 years.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $692.8M | $600.5M | $549.3M | $299.9M | $316.4M | $213.7M | $316.4M | $213.7M | $137.5M |
| Cost of Revenue | $176.0M | $153.0M | $173.0M | $112.4M | $114.8M | $76.8M | $114.8M | $76.8M | $49.9M |
| Gross Profit | $516.8M | $447.5M | $376.3M | $187.6M | $201.5M | $136.9M | $201.5M | $136.9M | $87.6M |
| SG&A Expense | $201.6M | $187.7M | $183.8M | $140.7M | $110.7M | $63.7M | $110.7M | $63.7M | $44.0M |
| Operating Income | -$23.9M | -$56.5M | -$166.3M | -$172.8M | -$100.1M | -$73.9M | -$100.1M | -$73.9M | -$51.8M |
| Interest Expense | - | - | $10.7M | $5.3M | $616.0K | $1.2M | $616.0K | $1.2M | $762.0K |
| Income Tax | $363.0K | $276.0K | $283.0K | $101.0K | $199.0K | $99.0K | $199.0K | $99.0K | $57.0K |
| Net Income | -$41.8M | -$134.2M | -$168.5M | -$175.8M | -$98.4M | -$75.8M | -$98.4M | -$75.8M | -$52.3M |
| EPS (Basic) | -$1.65 | -$2.05 | -$2.58 | -$2.01 | -$2.14 | - | - | - | - |
| EPS (Diluted) | -$1.65 | -$2.05 | -$2.58 | -$2.01 | -$2.14 | -$10.12 | -$6.74 | - | - |
| Shares Outstanding | 111.2M | 104.7M | 99.1M | 93.0M | 89.3M | 85.9M | 8.6M | 8.4M | 8.1M |
| Gross Margin | 74.6% | 74.5% | 68.5% | 62.5% | 63.7% | 64.1% | 63.7% | 64.1% | 63.7% |
| Operating Margin | -3.5% | -9.4% | -30.3% | -57.6% | -31.6% | -34.6% | -31.6% | -34.6% | -37.7% |
| Profit Margin | -6.0% | -22.4% | -30.7% | -58.6% | -31.1% | -35.4% | -31.1% | -35.4% | -38.0% |