Earnings ·
The RealReal, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026
REALTheRealReal, Inc.
The RealReal, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. The company achieved record quarterly gross merchandise value (GMV) of $617 million, a 22% increase year-over-year, while total revenue grew 17% to $193 million. Gross margin expanded by 10 basis points to 74.4%, and Adjusted EBITDA increased nearly 300 basis points to $13.5 million (7.0% of revenue). However, GAAP net loss widened to $(27) million due to an $(18.6) million non-cash charge from the change in fair value of warrant liability. Following these results above the high end of prior outlook, management raised full-year 2026 guidance for GMV to $2.535–$2.565 billion and Adjusted EBITDA to $66.0–$69.0 million. The RealReal operates as an online marketplace for authenticated, resale luxury goods.