Company / Operating Margin
TheRealReal, Inc. Operating Margin History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-3.5%
FY2025
5-year range
-57.6% / -3.5%
FY2021-FY2025
Trend
+63.3%
vs FY2024
Sector context
#180 of 195
Consumer Discretionary
What the data says
Among 195 Consumer Discretionary companies, TheRealReal, Inc. is in the bottom 8% for operating margin. Operating Margin has increased for 3 consecutive years, from -57.6% in FY2022 to -3.5% in FY2025.
Based on SEC 10-K filings.
-3.5% in FY2025 with a 5-year CAGR of +31.1%.
Improved from -30.3% to -3.5% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +54.2pp
- 5-Year Change
- +31.1pp
- 10-Year Change
- -
Sector benchmark
Bottom 8% in Consumer DiscretionaryTop 92% of 195This company -3.5% Sector average 3.6%
▼
-196.2% below sector average
Key checks
Key Insights
- TheRealReal, Inc.'s operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 63.3% year-over-year.
- Currently 7.0pp below the Consumer Discretionary sector average.
- Lowest operating 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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -3.5% | +63.3% |
| FY2024 | -9.4% | +68.9% |
| FY2023 | -30.3% | +47.5% |
| FY2022 | -57.6% | -82.1% |
| FY2021 | -31.6% | +8.5% |
| FY2020 | -34.6% | -9.3% |
| FY2019 | -31.6% | +8.5% |
| FY2018 | -34.6% | +8.2% |
| FY2017 | -37.7% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026