Earnings ·
The RealReal raises full-year GMV guidance to $2.535B-$2.565B after record Q2 revenue of $193M
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.