The RealReal

REAL

Market cap $1.36B

On Feb. 23, 2026, Madan Gopal Ajay sold 31,381 shares for a total value of ~$336,000 at a weighted-average price of around $10.72 per share. This disposition represented 2.49% of Ajay's direct holdings at the time, reducing direct ownership to 1,230,892 shares.

TheRealReal continues to outperform, driven by accelerating GMV and strong Q4 results, prompting a reiterated "Buy" rating. REAL benefits from a large $200 billion TAM, with current GMV only ~1% penetrated, supporting significant long-term growth potential. The shift to a consignment-first, capital-light model has lifted gross margins to the mid-70%s, enabling substantial economies of scale.

The RealReal, Inc. (REAL) Q4 2025 Earnings Call Transcript

The RealReal's latest earnings message is less about a single quarter's sales tally and more about how the luxury reseller thinks artificial intelligence can rewire the work behind every listing, from deciding which sellers to pursue to getting more items authenticated, described and priced fast enough to meet demand.

The headline numbers for The RealReal (REAL) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

The RealReal (REAL) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to a loss of $0.62 per share a year ago.

Kanen Wealth Management reduced its holding in The Real Real by 2,338,820 shares during the fourth quarter. The quarter-end position value declined by $15.29 million, reflecting both trading and price movement.

Company surpassed $2 billion in GMV, accelerated active buyer growth, and exceeded 2025 financial guidance SAN FRANCISCO, Feb. 26, 2026 (GLOBE NEWSWIRE) -- The RealReal, Inc. (Nasdaq: REAL)—the world's largest online marketplace for authenticated, resale luxury goods—today reported financial results for its fourth quarter and full year ended December 31, 2025. Fourth quarter 2025 gross merchandise value (GMV) and total revenue increased 22% and 18%, respectively, compared to the fourth quarter of 2024.

SAN FRANCISCO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- The RealReal (Nasdaq: REAL), the world's largest marketplace for authenticated luxury resale, today announced the reopening of its San Francisco flagship store in the heart of Union Square — reaffirming the company's deep roots in the city where it was founded and its commitment to San Francisco's downtown revival. The store officially opens on Thursday, February 26, at 11:00 a.m.

Real Matters Inc. (REAL:CA) Q1 2026 Earnings Call Transcript