The RealReal, Inc.
12.29-0.32 (-2.54%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · REAL · USD
Key Stats
Market Cap
1.42BP/E (TTM)
-Basic EPS (TTM)
-1.06Dividend Yield
0%Recent Filings
8-K
Debt exchange cuts $6M liability
The RealReal exchanged $49.5 million of its 1.00% Convertible Senior Notes due 2028 for $43.4 million of 4.00% Convertible Senior Notes due 2031 on August 20, 2025, trimming total debt by over $6 million and stretching maturities. This move, set to close by August 25, leaves under $50 million of 2028 notes outstanding while boosting the 2031 tranche to $190.1 million. Debt shrinks. It sharpens balance sheet flexibility amid ongoing profitability push.
10-Q
Q2 FY2025 results
The RealReal posted solid Q2 revenue growth of 14% year-over-year to $165.2M, fueled by 14% higher consignment revenue from an 8% AOV bump and 6% more orders, while direct revenue jumped 23% on better inventory turnover; gross profit climbed 14% to $122.7M with margins steady at 74.2%, but operating loss narrowed to $9.9M from $18.8M thanks to 5% leaner ops costs. YTD through June 30, 2025, revenue rose 13% to $325.2M, swinging to net income of $51.0M from a $47.8M loss, boosted by a $37.1M debt extinguishment gain and $47.0M warrant fair-value drop—yet diluted EPS flipped to $(0.27) from $(0.45) due to anti-dilution from convertibles (derived). Cash dipped to $94.3M after $27.2M 2025 Notes repayment, with $372.7M total debt (2028/2029/2031 Notes) and $25M liquidity covenant intact; free cash flow stayed negative at $(31.8M) ops cash minus $19.0M capex (derived). Debt swaps extended maturities but added PIK interest drag. Ongoing Chanel trademark suit risks brand hits if unresolved.
8-K
Q2 revenue up 14%, loss narrows
The RealReal reported Q2 2025 results with GMV and revenue hitting $504 million and $165 million, up 14% year-over-year, while net loss narrowed to $11 million from $17 million. Gross margin edged to 74.3%, and Adjusted EBITDA swung to a $6.8 million profit from a $1.8 million loss, signaling stronger execution in luxury resale. Board added Mark McCaffrey, GoDaddy's CFO, on August 5. Company raised full-year guidance to $2.03-$2.045 billion GMV. Momentum builds, yet cash burn persists.
8-K
Board director resigns abruptly
8-K
Annual meeting elects directors
The RealReal's stockholders elected Rati Sahi Levesque, Chip Baird, and James Miller as Class III directors for three-year terms at the June 11, 2025 annual meeting. They ratified KPMG LLP as auditors for 2025 and approved executive compensation on an advisory basis. Yet the board declassification and officer liability proposals failed supermajority thresholds. This keeps the staggered board intact amid governance pushback.
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