RealReal (NASDAQ:REAL) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Posted by on Aug 8th, 2026

RealReal (NASDAQ:REAL – Get Free Report) announced its earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, FiscalAI reports. The business had revenue of $192.57 million for the quarter, compared to analysts’ expectations of $188.11 million. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year.

Here are the key takeaways from RealReal’s conference call:

  • Positive Sentiment: The RealReal reported record Q2 GMV of $617 million, up 22% year over year, while revenue rose 17% to $193 million and active buyers increased 11% to more than 1.1 million.
  • Positive Sentiment: Adjusted EBITDA reached $13.5 million, or a 7% margin, expanding 290 basis points year over year as automation and operating leverage reduced processing and technology costs. The company reiterated its path toward 15%-20% medium-term adjusted EBITDA margins.
  • Positive Sentiment: Management raised full-year guidance to $2.535 billion-$2.565 billion in GMV, $788 million-$797 million in revenue, and $66 million-$69 million in adjusted EBITDA. It also expects strong positive free cash flow in both the third and fourth quarters.
  • Positive Sentiment: Supply and customer-engagement initiatives are gaining momentum: supply per sales representative rose 15%, 44% of new consignors came from the active buyer base, and the company added Japanese and European vendors to its asset-light dropship network.
  • Negative Sentiment: The Q2 take rate declined 200 basis points to 35.9% because sales are shifting toward higher-value items, which carry lower percentage commissions. Management expects this mix-related pressure to remain similar in the second half, although it said profit dollars and unit economics are stronger.

RealReal Trading Down 3.7%

RealReal stock traded down $0.47 during midday trading on Friday, hitting $12.30. The stock had a trading volume of 12,127,068 shares, compared to its average volume of 2,881,150. The business has a fifty day moving average price of $11.27 and a 200 day moving average price of $11.27. RealReal has a 12 month low of $6.32 and a 12 month high of $17.39. The stock has a market cap of $1.48 billion, a P/E ratio of -10.98 and a beta of 2.69.

Insider Buying and Selling

In other news, insider Todd A. Suko sold 17,353 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $160,515.25. Following the completion of the sale, the insider directly owned 605,394 shares in the company, valued at approximately $5,599,894.50. The trade was a 2.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Steve Ming Lo sold 12,077 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $111,712.25. Following the sale, the chief accounting officer directly owned 189,469 shares in the company, valued at approximately $1,752,588.25. This represents a 5.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 166,830 shares of company stock worth $1,543,178. 2.66% of the stock is currently owned by insiders.

Institutional Trading of RealReal

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in RealReal by 589.2% during the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after buying an additional 759,160 shares during the last quarter. Cannell Capital LLC lifted its stake in RealReal by 75.3% in the second quarter. Cannell Capital LLC now owns 1,429,207 shares of the company’s stock valued at $6,846,000 after buying an additional 613,845 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of RealReal during the fourth quarter valued at $8,510,000. Renaissance Technologies LLC boosted its holdings in shares of RealReal by 147.3% during the fourth quarter. Renaissance Technologies LLC now owns 755,500 shares of the company’s stock valued at $11,922,000 after acquiring an additional 450,000 shares during the period. Finally, Interval Partners LP bought a new position in shares of RealReal during the third quarter worth about $4,512,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on REAL. Roth Capital reissued a “buy” rating and issued a $19.00 price target on shares of RealReal in a report on Friday. UBS Group increased their target price on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday. BTIG Research reissued a “buy” rating and set a $17.00 price target on shares of RealReal in a research report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. Finally, Robert W. Baird set a $13.00 price target on shares of RealReal in a report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.

Read Our Latest Research Report on RealReal

RealReal News Summary

Here are the key news stories impacting RealReal this week:

  • Positive Sentiment: Second-quarter revenue rose 17% year over year to $192.57 million, exceeding the $188.11 million analyst consensus. The company reported a loss of $0.01 per share, narrower than the expected $0.02 loss and significantly improved from a $0.13 loss a year earlier. The RealReal Reports Q2 Loss, Beats Revenue Estimates
  • Positive Sentiment: Gross merchandise value (GMV) increased 22% to a quarterly record, outpacing revenue growth and indicating stronger marketplace activity. Management also cited meaningful margin expansion. The RealReal Announces Second Quarter 2026 Results
  • Positive Sentiment: The company raised full-year 2026 revenue guidance to $788 million-$797 million, above the $780.8 million consensus, and projected third-quarter revenue of $194 million-$198 million versus expectations of $191.2 million. The RealReal Q2 Results and Guidance
  • Positive Sentiment: Management’s AI-focused overhaul of authentication, merchandising and operations is being associated with accelerating growth, including the 22% GMV increase. The RealReal’s AI Overhaul Helps Drive 22% GMV Growth
  • Neutral Sentiment: An analyst price-target report placed the target at $17.25, suggesting potential upside but offering limited information about broader Wall Street sentiment. Analysts Set The RealReal Price Target at $17.25
  • Negative Sentiment: Despite the earnings beat, REAL remains unprofitable, and the available guidance did not provide a specific EPS outlook. Investors may therefore remain focused on the pace of further margin improvement and the path to sustained profitability.

About RealReal

(Get Free Report)

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.

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Earnings History for RealReal (NASDAQ:REAL)

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