REAL

Company Overview — What Does TheRealReal, Inc. Do?

The RealReal, Inc. operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women's, men's, kids', jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California. TheRealReal, Inc. (REAL) is classified as a small-cap stock in the Consumer Discretionary sector, specifically within the Retail industry. The company is led by CEO Robert K. Julian and employs approximately 3,470 people. With a market capitalization of $1.1B, REAL is one of the notable companies in the Consumer Discretionary sector.

TheRealReal, Inc. (REAL) Stock Rating — Reduce (April 2026)

As of April 2026, TheRealReal, Inc. receives a Reduce rating with a composite score of 32.7/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.REAL ranks #3,720 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, TheRealReal, Inc. ranks #381 of 442 stocks, placing it in the lower half of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

REAL Stock Price and 52-Week Range

TheRealReal, Inc. (REAL) currently trades at $9.71. The stock gained $0.02 (0.2%) in the most recent trading session. The 52-week high for REAL is $17.39, which means the stock is currently trading -44.2% from its annual peak. The 52-week low is $4.61, putting the stock 110.6% above its annual trough. Recent trading volume was 674K shares, suggesting relatively thin trading activity.

Is REAL Overvalued or Undervalued? — Valuation Analysis

TheRealReal, Inc. (REAL) carries a value factor score of 34/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-sales ratio is 1.70x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, REAL trades at 30.59x EV/EBITDA, versus 4.91x for the sector.

At current multiples, TheRealReal, Inc. trades at a premium to most Consumer Discretionary peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

TheRealReal, Inc. Profitability — ROE, Margins, and Quality Score

TheRealReal, Inc. (REAL) earns a quality factor score of 21/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 19.6%, compared to the Consumer Discretionary sector average of 6.2%, which is within a healthy range. Return on assets (ROA) comes in at -5.1% versus the sector average of 2.5%.

On a margin basis, TheRealReal, Inc. reports gross margins of 74.6%, compared to 36.9% for the sector. The operating margin is -7.0% (sector: 3.8%). Net profit margin stands at -2.8%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at 19.8% on a trailing basis, compared to 3.3% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

REAL Debt, Balance Sheet, and Financial Health

TheRealReal, Inc. has a debt-to-equity ratio of -96.0%, compared to the Consumer Discretionary sector average of 89.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 0.86x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $371M. Cash and equivalents stand at $108M.

REAL has a beta of 1.84, meaning it is more volatile than the broader market — a $10,000 investment in REAL would be expected to move 83.7% more than the S&P 500 on any given day. The stability factor score for TheRealReal, Inc. is 25/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

TheRealReal, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, TheRealReal, Inc. reported revenue of $647M and earnings per share (EPS) of $-0.36. Net income for the quarter was $-21M. Gross margin was 74.6%. Operating income came in at $-45M.

In FY 2025, TheRealReal, Inc. reported revenue of $693M and earnings per share (EPS) of $-0.36. Net income for the quarter was $-42M. Gross margin was 74.6%. Revenue grew 15.4% year-over-year compared to FY 2024. Operating income came in at $-24M.

In Q3 2025, TheRealReal, Inc. reported revenue of $174M and earnings per share (EPS) of $-0.47. Net income for the quarter was $-54M. Gross margin was 74.3%. Revenue grew 17.5% year-over-year compared to Q3 2024. Operating income came in at $-8M.

In Q2 2025, TheRealReal, Inc. reported revenue of $165M and earnings per share (EPS) of $-0.10. Net income for the quarter was $-11M. Gross margin was 74.3%. Revenue grew 14.0% year-over-year compared to Q2 2024. Operating income came in at $-10M.

Over the past 8 quarters, TheRealReal, Inc. has demonstrated a growth trajectory, with revenue expanding from $145M to $647M. Investors analyzing REAL stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

REAL Dividend Yield and Income Analysis

TheRealReal, Inc. (REAL) does not currently pay a dividend. This is common among smaller companies in the Retail industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Consumer Discretionary dividend stocks may want to explore other Consumer Discretionary stocks or use the stock screener to filter by dividend yield.

REAL Momentum and Technical Analysis Profile

TheRealReal, Inc. (REAL) has a momentum factor score of 48/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 26/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 43/100 reflects moderate short selling activity.

REAL vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison

Within the Consumer Discretionary sector, TheRealReal, Inc. (REAL) ranks #381 out of 442 stocks based on the Blank Capital composite score. This places REAL in the lower half of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.

Comparing REAL against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full REAL vs S&P 500 (SPY) comparison to assess how TheRealReal, Inc. stacks up against the broader market across all factor dimensions.

REAL Next Earnings Date

No upcoming earnings date has been announced for TheRealReal, Inc. (REAL) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy REAL? — Investment Thesis Summary

The quantitative profile for TheRealReal, Inc. suggests caution. The quality score of 21/100 flags below-average profitability. The value score of 34/100 indicates premium valuation. High volatility (stability score 25/100) increases portfolio risk.

In summary, TheRealReal, Inc. (REAL) earns a Reduce rating with a composite score of 32.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on REAL stock.

Related Resources for REAL Investors

Explore more research and tools: REAL vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare REAL head-to-head with peers: REAL vs MCRI, REAL vs CASY, REAL vs IMKTA.