RealReal (REAL) Financials

$5.36 -0.11 (-2.01%)

Closing price 04:00 PM Eastern

Extended Trading

$5.44 +0.09 (+1.59%)

As of 06:13 PM Eastern

Annual Income Statements for RealReal

This table shows RealReal's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-134	-168	-196
Consolidated Net Income / (Loss)	-134	-168	-196
Net Income / (Loss) Continuing Operations	-134	-168	-196
Total Pre-Tax Income	-134	-168	-196
Total Operating Income	-56	-166	-189
Total Gross Profit	448	376	349
Total Revenue	600	549	603
Operating Revenue	600	549	603
Total Cost of Revenue	153	173	255
Operating Cost of Revenue	153	173	255
Total Operating Expenses	504	543	538
Selling, General & Admin Expense	188	184	195
Marketing Expense	55	58	63
Other Operating Expenses / (Income)	261	257	279
Restructuring Charge	0.00	43	0.90
Total Other Income / (Expense), net	-77	-1.90	-7.11
Interest Expense	17	11	10
Interest & Investment Income	7.94	8.81	3.19
Other Income / (Expense), net	-68	0.00	0.17
Income Tax Expense	0.28	0.28	0.17
Basic Earnings per Share	($1.24)	($1.65)	($2.05)
Weighted Average Basic Shares Outstanding	107.88M	101.81M	95.92M
Diluted Earnings per Share	($1.24)	($1.65)	($2.05)
Weighted Average Diluted Shares Outstanding	107.88M	101.81M	95.92M
Weighted Average Basic & Diluted Shares Outstanding	111.25M	104.69M	99.25M

This table shows RealReal's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-68	-18	-17	-31	-22	-23	-41	-83	-39	-47
Consolidated Net Income / (Loss)	-68	-18	-17	-31	-22	-23	-41	-83	-39	-47
Net Income / (Loss) Continuing Operations	-68	-18	-17	-31	-22	-23	-41	-83	-39	-47
Total Pre-Tax Income	-68	-18	-17	-31	-22	-23	-41	-82	-39	-47
Total Operating Income	-5.15	-15	-19	-18	-21	-22	-41	-82	-38	-46
Total Gross Profit	122	111	107	107	106	94	86	90	97	86
Total Revenue	164	148	145	144	143	133	131	142	160	143
Operating Revenue	164	148	145	144	143	133	131	142	160	143
Total Cost of Revenue	42	37	37	37	37	39	45	52	63	57
Operating Cost of Revenue	42	37	37	37	37	39	45	52	63	57
Total Operating Expenses	127	125	126	125	127	117	127	172	135	131
Selling, General & Admin Expense	46	48	47	47	45	45	44	50	48	47
Marketing Expense	15	12	14	15	14	12	15	18	15	14
Other Operating Expenses / (Income)	66	66	65	63	62	61	66	68	71	71
Restructuring Charge	-0.20	0.00	0.00	0.20	6.07	-0.86	1.86	36	0.62	0.00
Total Other Income / (Expense), net	-63	-3.26	2.12	-13	-0.60	-0.41	-0.27	-0.61	-0.59	-1.67
Interest Expense	5.92	5.95	5.77	-0.43	2.68	2.67	2.68	2.67	2.46	2.68
Interest & Investment Income	1.67	1.94	2.26	2.07	2.09	2.26	2.40	2.05	1.83	1.00
Other Income / (Expense), net	-59	0.74	5.63	-16	-	0.00	0.00	0.00	0.04	0.01
Income Tax Expense	0.10	0.07	0.04	0.07	0.04	0.05	0.11	0.09	0.08	0.06
Basic Earnings per Share	($0.62)	($0.16)	($0.16)	($0.30)	($0.19)	($0.22)	($0.41)	($0.83)	($0.39)	($0.49)
Weighted Average Basic Shares Outstanding	107.88M	109.02M	106.88M	105.21M	101.81M	102.65M	100.97M	99.61M	95.92M	96.70M
Diluted Earnings per Share	($0.57)	($0.17)	($0.20)	($0.30)	($0.19)	($0.22)	($0.41)	($0.83)	($0.39)	($0.49)
Weighted Average Diluted Shares Outstanding	107.88M	112.42M	111.12M	105.21M	101.81M	102.65M	100.97M	99.61M	95.92M	96.70M
Weighted Average Basic & Diluted Shares Outstanding	111.25M	109.69M	108.50M	105.97M	104.69M	103.35M	102.14M	100.17M	99.25M	98.07M

This table details how cash moves in and out of RealReal's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-3.50	-103	-124
Net Cash From Operating Activities	27	-61	-92
Net Cash From Continuing Operating Activities	27	-61	-92
Net Income / (Loss) Continuing Operations	-134	-168	-196
Consolidated Net Income / (Loss)	-134	-168	-196
Depreciation Expense	33	32	28
Non-Cash Adjustments To Reconcile Net Income	125	105	75
Changes in Operating Assets and Liabilities, net	2.84	-29	2.65
Net Cash From Investing Activities	-26	-42	-37
Net Cash From Continuing Investing Activities	-26	-42	-37
Purchase of Property, Plant & Equipment	-26	-42	-37
Other Investing Activities, net	0.46	0.00	0.00
Net Cash From Financing Activities	-4.76	0.23	4.10
Net Cash From Continuing Financing Activities	-4.76	0.23	4.10
Repayment of Debt	-5.30	0.00	0.00
Issuance of Common Equity	1.41	0.89	1.40
Other Financing Activities, net	-0.87	-0.66	2.70
Cash Interest Paid	11	8.13	8.10
Cash Income Taxes Paid	0.20	0.23	0.26

This table details how cash moves in and out of RealReal's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	19	2.43	-15	-9.72	4.06	-19	-41	-47	-6.65	-15
Net Cash From Operating Activities	28	9.07	-6.75	-3.47	11	-11	-30	-30	3.70	-7.35
Net Cash From Continuing Operating Activities	28	9.07	-6.75	-3.47	10	-11	-30	-30	3.70	-7.35
Net Income / (Loss) Continuing Operations	-68	-18	-17	-31	-22	-23	-41	-83	-39	-47
Consolidated Net Income / (Loss)	-68	-18	-17	-31	-22	-23	-41	-83	-39	-47
Depreciation Expense	8.29	8.27	8.23	8.31	8.17	7.74	7.97	7.82	7.41	7.20
Non-Cash Adjustments To Reconcile Net Income	77	11	13	25	34	1.21	17	52	17	18
Changes in Operating Assets and Liabilities, net	12	8.10	-11	-5.52	-10	3.17	-14	-8.15	18	14
Net Cash From Investing Activities	-8.83	-6.48	-4.96	-5.32	-6.73	-8.12	-11	-16	-11	-10
Net Cash From Continuing Investing Activities	-8.83	-6.48	-4.96	-5.32	-6.73	-8.12	-11	-16	-11	-10
Purchase of Property, Plant & Equipment	-8.83	-6.94	-4.96	-5.32	-6.73	-8.12	-11	-16	-11	-10
Net Cash From Financing Activities	-0.13	-0.16	-3.54	-0.93	0.26	-0.07	0.33	-0.30	0.32	1.94
Net Cash From Continuing Financing Activities	-0.13	-0.16	-3.54	-0.93	0.26	-0.07	0.33	-0.30	0.32	1.94
Issuance of Common Equity	0.79	-	-	-	0.44	-	-	-	0.50	-
Other Financing Activities, net	-0.92	-0.10	0.05	0.10	-0.18	-0.07	-0.11	-0.30	-0.18	1.94
Cash Interest Paid	0.52	7.39	0.42	2.35	2.61	1.46	2.61	1.46	2.61	1.45
Cash Income Taxes Paid	0.00	-	0.19	0.01	-	0.01	0.22	0.00	-	-

This table presents RealReal's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	423	447	616
Total Current Assets	233	236	372
Cash & Equivalents	172	176	294
Accounts Receivable	14	17	12
Inventories, net	24	22	43
Prepaid Expenses	23	21	23
Plant, Property, & Equipment, net	94	104	113
Total Noncurrent Assets	96	107	131
Other Noncurrent Operating Assets	96	107	131
Total Liabilities & Shareholders' Equity	423	447	616
Total Liabilities	830	750	786
Total Current Liabilities	249	189	208
Short-Term Debt	27	0.00	-
Accounts Payable	11	8.96	12
Accrued Expenses	90	77	82
Other Current Liabilities	121	103	114
Total Noncurrent Liabilities	582	561	578
Long-Term Debt	411	452	450
Other Noncurrent Operating Liabilities	171	109	128
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-407	-303	-170
Total Preferred & Common Equity	-407	-303	-170
Total Common Equity	-407	-303	-170
Common Stock	846	816	781
Retained Earnings	-1,254	-1,120	-951

This table presents RealReal's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	406	407	432	453	459	512	634
Total Current Assets	212	207	225	230	240	311	399
Cash & Equivalents	153	151	166	171	189	247	300
Accounts Receivable	16	16	20	14	5.99	8.94	8.75
Inventories, net	20	21	21	25	26	31	63
Prepaid Expenses	23	19	18	21	19	24	27
Plant, Property, & Equipment, net	95	97	101	107	106	102	100
Total Noncurrent Assets	99	103	105	116	113	99	136
Other Noncurrent Operating Assets	99	103	105	116	113	99	136
Total Liabilities & Shareholders' Equity	406	407	432	453	459	512	634
Total Liabilities	752	743	759	743	734	755	776
Total Current Liabilities	226	212	194	177	168	184	194
Short-Term Debt	27	27	-	-	-	-	-
Accounts Payable	11	13	14	8.09	13	8.87	9.90
Accrued Expenses	73	65	76	67	62	72	72
Other Current Liabilities	115	107	104	102	93	103	112
Total Noncurrent Liabilities	526	531	565	566	566	571	582
Long-Term Debt	408	407	434	452	451	450	449
Other Noncurrent Operating Liabilities	118	123	131	114	115	121	133
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-345	-335	-327	-290	-276	-244	-141
Total Preferred & Common Equity	-345	-335	-327	-290	-276	-244	-141
Total Common Equity	-345	-335	-327	-290	-276	-244	-141
Common Stock	840	832	824	808	799	790	771
Retained Earnings	-1,185	-1,167	-1,151	-1,098	-1,075	-1,034	-913

This table displays calculated financial ratios and metrics derived from RealReal's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	9.32%	-8.98%	29.04%
EBITDA Growth	31.97%	16.57%	15.69%
EBIT Growth	25.03%	12.01%	12.05%
NOPAT Growth	66.03%	12.09%	11.98%
Net Income Growth	20.34%	14.24%	16.80%
EPS Growth	24.85%	19.51%	20.54%
Operating Cash Flow Growth	143.82%	33.08%	35.59%
Free Cash Flow Firm Growth	172.72%	9.72%	31.59%
Invested Capital Growth	-432.81%	-89.41%	-520.65%
Revenue Q/Q Growth	3.56%	-2.88%	2.47%
EBITDA Q/Q Growth	-88.24%	11.56%	5.84%
EBIT Q/Q Growth	-52.75%	9.20%	4.19%
NOPAT Q/Q Growth	21.97%	9.22%	4.17%
Net Income Q/Q Growth	-53.48%	9.13%	6.47%
EPS Q/Q Growth	-44.19%	10.81%	7.66%
Operating Cash Flow Q/Q Growth	186.36%	10.02%	19.70%
Free Cash Flow Firm Q/Q Growth	1,641.04%	7.19%	14.97%
Invested Capital Q/Q Growth	-121.06%	-193.39%	-293.35%
Profitability Metrics	-	-	-
Gross Margin	74.53%	68.50%	57.78%
EBITDA Margin	-15.25%	-24.50%	-26.73%
Operating Margin	-9.41%	-30.27%	-31.34%
EBIT Margin	-20.76%	-30.27%	-31.32%
Profit (Net Income) Margin	-22.35%	-30.67%	-32.55%
Tax Burden Percent	100.21%	100.17%	100.09%
Interest Burden Percent	107.43%	101.14%	103.85%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	37.77%	71.18%	405.19%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-28.66%	-31.30%	-27.58%
Return on Assets (ROA)	-30.85%	-31.71%	-28.67%
Return on Common Equity (ROCE)	37.77%	71.18%	405.19%
Return on Equity Simple (ROE_SIMPLE)	32.94%	55.55%	115.49%
Net Operating Profit after Tax (NOPAT)	-40	-116	-132
NOPAT Margin	-6.59%	-21.19%	-21.94%
Net Nonoperating Expense Percent (NNEP)	34.90%	24.06%	148.45%
Return On Investment Capital (ROIC_SIMPLE)	-129.43%	-78.06%	-47.33%
Cost of Revenue to Revenue	25.47%	31.50%	42.22%
SG&A Expenses to Revenue	31.26%	33.46%	32.37%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	83.90%	98.77%	89.12%
Earnings before Interest and Taxes (EBIT)	-125	-166	-189
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-92	-135	-161
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.00	0.38	0.20
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.44	0.88	0.46
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	54.56	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	19.39	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	-1.08	-1.49	-2.64
Long-Term Debt to Equity	-1.01	-1.49	-2.64
Financial Leverage	-0.76	-0.91	-0.89
Leverage Ratio	-1.22	-2.24	-14.14
Compound Leverage Factor	-1.32	-2.27	-14.68
Debt to Total Capital	1,433.30%	303.39%	160.80%
Short-Term Debt to Total Capital	87.23%	0.00%	0.00%
Long-Term Debt to Total Capital	1,346.07%	303.39%	160.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	-1,333.30%	-203.39%	-60.80%
Debt to EBITDA	-4.78	-3.36	-2.79
Net Debt to EBITDA	-2.90	-2.06	-0.97
Long-Term Debt to EBITDA	-4.49	-3.36	-2.79
Debt to NOPAT	-11.07	-3.89	-3.40
Net Debt to NOPAT	-6.72	-2.38	-1.18
Long-Term Debt to NOPAT	-10.40	-3.89	-3.40
Altman Z-Score	-2.88	-3.21	-1.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.94	1.25	1.79
Quick Ratio	0.75	1.02	1.47
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	76	-104	-115
Operating Cash Flow to CapEx	103.06%	-145.43%	-247.97%
Free Cash Flow to Firm to Interest Expense	4.39	-9.71	-10.99
Operating Cash Flow to Interest Expense	1.56	-5.73	-8.74
Operating Cash Flow Less CapEx to Interest Expense	0.05	-9.66	-12.27
Efficiency Ratios	-	-	-
Asset Turnover	1.38	1.03	0.88
Accounts Receivable Turnover	38.51	37.33	60.43
Inventory Turnover	6.68	5.31	4.47
Fixed Asset Turnover	6.05	5.07	5.98
Accounts Payable Turnover	15.32	16.59	31.06
Days Sales Outstanding (DSO)	9.48	9.78	6.04
Days Inventory Outstanding (DIO)	54.68	68.78	81.64
Days Payable Outstanding (DPO)	23.82	22.01	11.75
Cash Conversion Cycle (CCC)	40.34	56.56	75.93
Capital & Investment Metrics	-	-	-
Invested Capital	-142	-27	-14
Invested Capital Turnover	-7.14	-27.04	-112.80
Increase / (Decrease) in Invested Capital	-115	-13	-17
Enterprise Value (EV)	1,465	484	279
Market Capitalization	1,199	208	123
Book Value per Share	($3.71)	($2.93)	($1.73)
Tangible Book Value per Share	($3.71)	($2.93)	($1.73)
Total Capital	31	149	280
Total Debt	438	452	450
Total Long-Term Debt	411	452	450
Net Debt	266	277	156
Capital Expenditures (CapEx)	26	42	37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-162	-129	-129
Debt-free Net Working Capital (DFNWC)	11	47	165
Net Working Capital (NWC)	-16	47	165
Net Nonoperating Expense (NNE)	95	52	64
Net Nonoperating Obligations (NNO)	266	277	156
Total Depreciation and Amortization (D&A)	33	32	28
Debt-free, Cash-free Net Working Capital to Revenue	-26.91%	-23.42%	-21.38%
Debt-free Net Working Capital to Revenue	1.77%	8.57%	27.30%
Net Working Capital to Revenue	-2.67%	8.57%	27.30%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.24)	($1.65)	($2.05)
Adjusted Weighted Average Basic Shares Outstanding	107.88M	101.81M	95.92M
Adjusted Diluted Earnings per Share	($1.24)	($1.65)	($2.05)
Adjusted Weighted Average Diluted Shares Outstanding	107.88M	101.81M	95.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	111.25M	104.69M	99.25M
Normalized Net Operating Profit after Tax (NOPAT)	-40	-86	-132
Normalized NOPAT Margin	-6.59%	-15.65%	-21.84%
Pre Tax Income Margin	-22.30%	-30.62%	-32.52%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-7.24	-15.54	-18.05
NOPAT to Interest Expense	-2.30	-10.88	-12.64
EBIT Less CapEx to Interest Expense	-8.76	-19.48	-21.57
NOPAT Less CapEx to Interest Expense	-3.81	-14.81	-16.17
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from RealReal's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.38%	10.95%	10.76%	1.34%	-10.20%	-6.68%	-15.27%	-3.27%	10.01%	20.08%
EBITDA Growth	-332.80%	62.10%	85.02%	65.91%	57.71%	61.53%	25.09%	-52.59%	24.69%	15.05%
EBIT Growth	-204.40%	38.38%	67.84%	59.02%	44.44%	50.60%	19.27%	-49.14%	17.92%	11.00%
NOPAT Growth	75.53%	35.07%	54.09%	78.07%	44.49%	50.60%	19.69%	-49.52%	17.84%	11.00%
Net Income Growth	-215.56%	21.84%	59.57%	62.30%	43.82%	51.44%	22.26%	-43.70%	26.03%	17.38%
EPS Growth	-200.00%	22.73%	51.22%	63.86%	51.28%	55.10%	26.79%	-36.07%	30.36%	20.97%
Operating Cash Flow Growth	166.03%	182.99%	77.80%	88.61%	184.56%	-48.73%	21.08%	38.34%	119.71%	79.04%
Free Cash Flow Firm Growth	5,181.75%	7,627.89%	155.35%	2,580.87%	76.13%	102.00%	117.17%	100.44%	81.64%	50.76%
Invested Capital Growth	-432.81%	-607.15%	-289.70%	-48.13%	-89.41%	-224.82%	-152.75%	-331.89%	-520.65%	-28.49%
Revenue Q/Q Growth	10.99%	1.95%	0.79%	0.30%	7.66%	1.77%	-7.79%	-11.12%	11.88%	-7.60%
EBITDA Q/Q Growth	-898.89%	-13.12%	80.41%	-95.52%	12.53%	55.29%	55.42%	-142.61%	20.44%	12.93%
EBIT Q/Q Growth	-362.64%	-5.25%	60.72%	-59.17%	6.35%	45.07%	49.95%	-115.79%	16.73%	10.24%
NOPAT Q/Q Growth	64.70%	22.32%	-4.77%	14.81%	6.35%	45.07%	49.95%	-115.58%	16.66%	10.70%
Net Income Q/Q Growth	-281.62%	-7.36%	46.28%	-43.37%	5.47%	44.47%	49.90%	-113.68%	18.30%	11.11%
EPS Q/Q Growth	-235.29%	15.00%	33.33%	-57.89%	13.64%	46.34%	50.60%	-112.82%	20.41%	12.50%
Operating Cash Flow Q/Q Growth	208.54%	234.34%	-94.81%	-132.95%	196.25%	64.07%	0.03%	-922.96%	150.31%	80.93%
Free Cash Flow Firm Q/Q Growth	148.81%	75.63%	276.08%	409.23%	-478.37%	-94.20%	3,848.46%	102.75%	68.29%	50.18%
Invested Capital Q/Q Growth	-121.06%	-23.20%	12.62%	-123.89%	-193.39%	32.10%	66.79%	-186.27%	-293.35%	-71.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	74.43%	74.93%	74.15%	74.60%	73.97%	70.64%	65.85%	63.41%	60.51%	60.11%
EBITDA Margin	-34.04%	-3.78%	-3.41%	-17.54%	-9.00%	-11.07%	-25.20%	-52.13%	-19.10%	-26.86%
Operating Margin	-3.14%	-9.88%	-12.97%	-12.48%	-14.69%	-16.89%	-31.29%	-57.64%	-23.77%	-31.90%
EBIT Margin	-39.09%	-9.38%	-9.08%	-23.31%	-14.69%	-16.89%	-31.29%	-57.64%	-23.74%	-31.90%
Profit (Net Income) Margin	-41.74%	-12.14%	-11.53%	-21.63%	-15.13%	-17.23%	-31.58%	-58.14%	-24.18%	-33.12%
Tax Burden Percent	100.14%	100.40%	100.21%	100.23%	100.17%	100.21%	100.28%	100.10%	100.20%	100.13%
Interest Burden Percent	106.62%	128.92%	126.63%	92.56%	102.83%	101.84%	100.67%	100.75%	101.65%	103.68%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2,107.24%	0.00%	0.00%	-1,510.73%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2,113.66%	0.00%	0.00%	-1,574.92%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2,179.69%	0.00%	0.00%	2,472.95%
Return on Equity (ROE)	37.77%	27.52%	30.27%	41.04%	71.18%	85.97%	72.45%	141.63%	405.19%	962.21%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,553.86%
Operating Return on Assets (OROA)	-53.97%	-12.66%	-11.86%	-27.24%	-15.19%	-17.57%	-32.51%	-57.04%	-20.91%	-26.73%
Return on Assets (ROA)	-57.62%	-16.39%	-15.05%	-25.27%	-15.64%	-17.93%	-32.81%	-57.52%	-21.30%	-27.75%
Return on Common Equity (ROCE)	37.77%	27.52%	30.27%	41.04%	71.18%	85.97%	72.45%	141.63%	405.19%	962.21%
Return on Equity Simple (ROE_SIMPLE)	0.00%	25.31%	27.58%	35.80%	0.00%	63.92%	76.09%	90.97%	0.00%	148.69%
Net Operating Profit after Tax (NOPAT)	-3.61	-10	-13	-13	-15	-16	-29	-57	-27	-32
NOPAT Margin	-2.20%	-6.92%	-9.08%	-8.73%	-10.28%	-11.82%	-21.90%	-40.35%	-16.64%	-22.33%
Net Nonoperating Expense Percent (NNEP)	23.91%	2.74%	1.30%	7.88%	3.21%	3.36%	6.42%	17.41%	27.93%	64.18%
Return On Investment Capital (ROIC_SIMPLE)	-11.81%	-	-	-	-9.89%	-	-	-	-9.49%	-
Cost of Revenue to Revenue	25.57%	25.07%	25.85%	25.40%	26.03%	29.36%	34.15%	36.59%	39.49%	39.89%
SG&A Expenses to Revenue	28.28%	32.16%	32.49%	32.52%	31.27%	33.63%	33.87%	35.13%	30.02%	32.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	77.45%	84.81%	87.12%	87.08%	88.66%	87.53%	97.14%	121.06%	84.28%	92.01%
Earnings before Interest and Taxes (EBIT)	-64	-14	-13	-34	-21	-22	-41	-82	-38	-46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-56	-5.59	-4.94	-25	-13	-15	-33	-74	-30	-38
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.00	0.59	0.60	0.74	0.38	0.38	0.39	0.21	0.20	0.24
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	40.20
Enterprise Value to Revenue (EV/Rev)	2.44	1.07	1.10	1.23	0.88	0.88	0.84	0.55	0.46	0.50
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	54.56	66.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	19.39	143.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.08	-1.26	-1.29	-1.33	-1.49	-1.56	-1.64	-1.85	-2.64	-3.18
Long-Term Debt to Equity	-1.01	-1.18	-1.22	-1.33	-1.49	-1.56	-1.64	-1.85	-2.64	-3.18
Financial Leverage	-0.76	-0.88	-0.89	-0.83	-0.91	-1.00	-1.03	-0.93	-0.89	-1.57
Leverage Ratio	-1.22	-1.35	-1.42	-1.65	-2.24	-2.52	-2.89	-3.87	-14.14	-46.04
Compound Leverage Factor	-1.31	-1.74	-1.80	-1.53	-2.31	-2.57	-2.91	-3.90	-14.37	-47.73
Debt to Total Capital	1,433.30%	487.68%	439.56%	407.18%	303.39%	279.30%	256.99%	217.66%	160.80%	145.91%
Short-Term Debt to Total Capital	87.23%	29.86%	26.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	1,346.07%	457.83%	412.67%	407.18%	303.39%	279.30%	256.99%	217.66%	160.80%	145.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-1,333.30%	-387.68%	-339.56%	-307.18%	-203.39%	-179.30%	-156.99%	-117.66%	-60.80%	-45.91%
Debt to EBITDA	-4.78	-8.93	-7.51	-5.05	-3.36	-2.97	-2.57	-2.41	-2.79	-2.62
Net Debt to EBITDA	-2.90	-5.78	-4.90	-3.12	-2.06	-1.85	-1.49	-1.09	-0.97	-0.87
Long-Term Debt to EBITDA	-4.49	-8.39	-7.05	-5.05	-3.36	-2.97	-2.57	-2.41	-2.79	-2.62
Debt to NOPAT	-11.07	-8.57	-7.72	-6.05	-3.89	-3.52	-3.13	-2.98	-3.40	-3.25
Net Debt to NOPAT	-6.72	-5.55	-5.04	-3.73	-2.38	-2.19	-1.82	-1.34	-1.18	-1.07
Long-Term Debt to NOPAT	-10.40	-8.05	-7.25	-6.05	-3.89	-3.52	-3.13	-2.98	-3.40	-3.25
Altman Z-Score	-2.41	-2.54	-2.47	-2.30	-2.14	-2.00	-1.95	-1.79	-0.97	-0.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.94	0.94	0.98	1.16	1.25	1.30	1.43	1.69	1.79	2.06
Quick Ratio	0.75	0.75	0.79	0.96	1.02	1.04	1.16	1.39	1.47	1.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	111	45	26	6.78	-2.19	0.58	9.99	0.25	-9.19	-29
Operating Cash Flow to CapEx	317.07%	130.75%	-136.20%	-65.16%	156.36%	-134.64%	-267.87%	-191.16%	34.67%	-73.25%
Free Cash Flow to Firm to Interest Expense	18.84	7.53	4.42	0.00	-0.82	0.22	3.73	0.09	-3.74	-10.83
Operating Cash Flow to Interest Expense	4.73	1.53	-1.17	0.00	3.92	-4.09	-11.36	-11.41	1.50	-2.75
Operating Cash Flow Less CapEx to Interest Expense	3.24	0.36	-2.03	0.00	1.41	-7.13	-15.60	-17.38	-2.84	-6.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.38	1.35	1.31	1.17	1.03	1.04	1.04	0.99	0.88	0.84
Accounts Receivable Turnover	38.51	39.29	50.37	38.33	37.33	50.69	93.08	69.95	60.43	75.88
Inventory Turnover	6.68	6.66	6.40	6.07	5.31	4.54	4.33	4.57	4.47	4.04
Fixed Asset Turnover	6.05	5.74	5.58	5.43	5.07	5.48	5.79	6.23	5.98	6.42
Accounts Payable Turnover	15.32	15.71	11.66	13.71	16.59	22.10	20.43	31.48	31.06	28.24
Days Sales Outstanding (DSO)	9.48	9.29	7.25	9.52	9.78	7.20	3.92	5.22	6.04	4.81
Days Inventory Outstanding (DIO)	54.68	54.84	57.05	60.16	68.78	80.47	84.21	79.95	81.64	90.34
Days Payable Outstanding (DPO)	23.82	23.23	31.31	26.62	22.01	16.52	17.87	11.59	11.75	12.92
Cash Conversion Cycle (CCC)	40.34	40.90	32.99	43.06	56.56	71.15	70.26	73.57	75.93	82.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-142	-64	-52	-60	-27	-9.06	-13	-40	-14	7.26
Invested Capital Turnover	-7.14	-15.86	-17.30	-11.06	-27.04	-627.73	96.21	-52.39	-112.80	67.65
Increase / (Decrease) in Invested Capital	-115	-55	-39	-19	-13	-16	-39	-58	-17	-2.89
Enterprise Value (EV)	1,465	622	621	677	484	496	485	328	279	292
Market Capitalization	1,199	341	338	409	208	216	222	125	123	143
Book Value per Share	($3.71)	($3.18)	($3.16)	($3.12)	($2.93)	($2.84)	($2.75)	($2.45)	($1.73)	($1.48)
Tangible Book Value per Share	($3.71)	($3.18)	($3.16)	($3.12)	($2.93)	($2.84)	($2.75)	($2.45)	($1.73)	($1.48)
Total Capital	31	89	99	106	149	162	176	207	280	308
Total Debt	438	435	434	434	452	452	451	450	450	449
Total Long-Term Debt	411	408	407	434	452	452	451	450	450	449
Net Debt	266	281	283	268	277	281	262	203	156	149
Capital Expenditures (CapEx)	8.83	6.94	4.96	5.32	6.73	8.12	11	16	11	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-162	-141	-129	-134	-129	-118	-117	-120	-129	-95
Debt-free Net Working Capital (DFNWC)	11	13	22	32	47	53	72	127	165	205
Net Working Capital (NWC)	-16	-14	-4.36	32	47	53	72	127	165	205
Net Nonoperating Expense (NNE)	65	7.72	3.55	19	6.95	7.21	13	25	12	15
Net Nonoperating Obligations (NNO)	266	281	283	268	277	281	262	203	156	149
Total Depreciation and Amortization (D&A)	8.29	8.27	8.23	8.31	8.17	7.74	7.97	7.82	7.41	7.20
Debt-free, Cash-free Net Working Capital to Revenue	-26.91%	-24.24%	-22.74%	-24.38%	-23.42%	-20.82%	-20.38%	-20.04%	-21.38%	-16.18%
Debt-free Net Working Capital to Revenue	1.77%	2.18%	3.93%	5.74%	8.57%	9.38%	12.47%	21.24%	27.30%	34.84%
Net Working Capital to Revenue	-2.67%	-2.41%	-0.77%	5.74%	8.57%	9.38%	12.47%	21.24%	27.30%	34.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.62)	($0.16)	($0.16)	($0.30)	($0.19)	($0.22)	($0.41)	($0.83)	($0.39)	($0.49)
Adjusted Weighted Average Basic Shares Outstanding	107.88M	109.02M	106.88M	105.21M	101.81M	102.65M	100.97M	99.61M	95.92M	96.70M
Adjusted Diluted Earnings per Share	($0.57)	($0.17)	($0.20)	($0.30)	($0.19)	($0.22)	($0.41)	($0.83)	($0.39)	($0.49)
Adjusted Weighted Average Diluted Shares Outstanding	107.88M	112.42M	111.12M	105.21M	101.81M	102.65M	100.97M	99.61M	95.92M	96.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	111.25M	109.69M	108.50M	105.97M	104.69M	103.35M	102.14M	100.17M	99.25M	98.07M
Normalized Net Operating Profit after Tax (NOPAT)	-3.75	-10	-13	-12	-10	-16	-27	-32	-26	-32
Normalized NOPAT Margin	-2.28%	-6.92%	-9.08%	-8.64%	-7.32%	-12.27%	-20.90%	-22.40%	-16.36%	-22.33%
Pre Tax Income Margin	-41.68%	-12.09%	-11.50%	-21.58%	-15.11%	-17.20%	-31.50%	-58.08%	-24.14%	-33.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-10.84	-2.33	-2.28	0.00	-7.85	-8.41	-15.29	-30.67	-15.42	-17.02
NOPAT to Interest Expense	-0.61	-1.72	-2.28	0.00	-5.50	-5.89	-10.70	-21.47	-10.81	-11.91
EBIT Less CapEx to Interest Expense	-12.33	-3.50	-3.14	0.00	-10.36	-11.45	-19.53	-36.64	-19.76	-20.77
NOPAT Less CapEx to Interest Expense	-2.10	-2.89	-3.14	0.00	-8.00	-8.93	-14.94	-27.44	-15.15	-15.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About RealReal's Financials

When does RealReal's fiscal year end?

According to the most recent income statement we have on file, RealReal's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has RealReal's net income changed over the last 2 years?

RealReal's net income appears to be on a downward trend, with a most recent value of -$134.20 million in 2024, falling from -$196.45 million in 2022. The previous period was -$168.47 million in 2023. See RealReal's forecast for analyst expectations on what’s next for the company.

What is RealReal's operating income?

RealReal's total operating income in 2024 was -$56.50 million, based on the following breakdown:

Total Gross Profit: $447.52 million
Total Operating Expenses: $503.82 million

How has RealReal revenue changed over the last 2 years?

Over the last 2 years, RealReal's total revenue changed from $603.49 million in 2022 to $600.48 million in 2024, a change of -0.5%.

How much debt does RealReal have?

RealReal's total liabilities were at $830.47 million at the end of 2024, a 10.7% increase from 2023, and a 5.7% increase since 2022.

How much cash does RealReal have?

In the past 2 years, RealReal's cash and equivalents has ranged from $172.21 million in 2024 to $293.79 million in 2022, and is currently $172.21 million as of their latest financial filing in 2024.

How has RealReal's book value per share changed over the last 2 years?

Over the last 2 years, RealReal's book value per share changed from -1.73 in 2022 to -3.71 in 2024, a change of 114.1%.

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This page (NASDAQ:REAL) was last updated on 5/28/2025 by MarketBeat.com Staff

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RealReal (REAL) Financials

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RealReal (REAL) Financials

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