(REAL) TheRealReal - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US88339P1012

Womens Fashion, Mens Fashion, Jewelry, Watches

Stock: Apparel Retail
Age 6.6y
MCap 1,776m
Avg Vol 2.34M (37.4M USD)
Beta 1.789
Volatility 79.58%

EPS (Earnings per Share)

EPS (Earnings per Share) of REAL over the last years for every Quarter: "2020-12": -0.49, "2021-03": -0.49, "2021-06": -0.5, "2021-09": -0.47, "2021-12": -0.42, "2022-03": -0.47, "2022-06": -0.4, "2022-09": -0.38, "2022-12": -0.29, "2023-03": -0.36, "2023-06": -0.3, "2023-09": -0.15, "2023-12": -0.07, "2024-03": -0.12, "2024-06": -0.13, "2024-09": -0.09, "2024-12": -0.01, "2025-03": -0.08, "2025-06": -0.06, "2025-09": -0.04, "2025-12": 0,
EPS CAGR: 164.90%
EPS Trend: 93.0%
Last SUE: -1.96
Qual. Beats: 0

Revenue

Revenue of REAL over the last years for every Quarter: 2020-12: 86.268, 2021-03: 98.817, 2021-06: 104.912, 2021-09: 118.838, 2021-12: 145.125, 2022-03: 146.7, 2022-06: 154.435, 2022-09: 142.703, 2022-12: 159.655, 2023-03: 141.904, 2023-06: 130.855, 2023-09: 133.172, 2023-12: 143.373, 2024-03: 143.8, 2024-06: 144.934, 2024-09: 147.755, 2024-12: 163.995, 2025-03: 160.033, 2025-06: 165.188, 2025-09: 173.573, 2025-12: null,
Rev. CAGR: 4.89%
Rev. Trend: 51.3%
Last SUE: 1.13
Qual. Beats: 2

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 79.6%
Value at Risk 5%th 113%
Relative Tail Risk -13.60%
Reward TTM
Sharpe Ratio 1.03
Alpha 44.98
CAGR/Max DD 1.89
Character TTM
Hurst Exponent 0.281
Beta 1.789
Beta Downside 1.351
Drawdowns 3y
Max DD 57.16%
Mean DD 26.56%
Median DD 27.03%

Description: REAL TheRealReal January 26, 2026

The RealReal, Inc. (NASDAQ: REAL) runs a global online marketplace focused on the resale of authenticated luxury goods-including women’s and men’s fashion, jewelry, and watches-via its website, mobile app, and a network of physical stores. Incorporated in 2011 and headquartered in San Francisco, the company positions itself within the Apparel Retail sub-industry of the GICS classification.

Recent performance metrics (FY 2024) show a 12% year-over-year increase in gross merchandise volume (GMV) to $1.84 billion, while revenue grew 8% to $1.07 billion, reflecting continued consumer appetite for sustainable luxury. However, the firm posted a net loss of $115 million, driven by a 22% rise in selling-and-administrative expenses as it expands its brick-and-mortar footprint. Inventory turnover remains modest at 1.4×, indicating capital is tied up in consignment stock-a key risk factor in the resale model.

Macro-level drivers include a projected 9% CAGR for the global luxury resale market through 2028, buoyed by heightened ESG awareness and a shift toward digital-first shopping. Conversely, tightening discretionary spending in the U.S. could pressure demand, especially for high-ticket items.

For a deeper quantitative comparison, consider reviewing ValueRay’s analytics platform to benchmark REAL against peers.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income: -71.5m TTM > 0 and > 6% of Revenue
FCF/TA: -0.05 > 0.02 and ΔFCF/TA -3.92 > 1.0
NWC/Revenue: -6.59% < 20% (prev -2.41%; Δ -4.18% < -1%)
CFO/TA 0.03 > 3% & CFO 10.5m > Net Income -71.5m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 0.81 > 1.5 & < 3
Outstanding Shares: last quarter (291.9m) vs 12m ago 159.7% < -2%
Gross Margin: 74.49% > 18% (prev 0.73%; Δ 7376 % > 0.5%)
Asset Turnover: 171.6% > 50% (prev 142.7%; Δ 28.87% > 0%)
Interest Coverage Ratio: -1.70 > 6 (EBITDA TTM -3.39m / Interest Expense TTM 26.4m)

Altman Z'' -14.51

A: -0.12 (Total Current Assets 182.4m - Total Current Liabilities 226.1m) / Total Assets 366.2m
B: -3.43 (Retained Earnings -1.26b / Total Assets 366.2m)
C: -0.12 (EBIT TTM -44.8m / Avg Total Assets 386.2m)
D: -1.67 (Book Value of Equity -1.26b / Total Liabilities 751.3m)
Altman-Z'' Score: -14.51 = D

Beneish M -2.82

DSRI: 1.33 (Receivables 24.3m/16.0m, Revenue 662.8m/579.9m)
GMI: 0.98 (GM 74.49% / 73.02%)
AQI: 1.13 (AQ_t 0.06 / AQ_t-1 0.05)
SGI: 1.14 (Revenue 662.8m / 579.9m)
TATA: -0.22 (NI -71.5m - CFO 10.5m) / TA 366.2m)
Beneish M-Score: -2.82 (Cap -4..+1) = A

ValueRay F-Score (Strict, 0-100) 54.09

1. Piotroski: 3.0pt
2. FCF Yield: -0.90%
3. FCF Margin: -2.90%
4. Debt/Equity: -1.22
5. Debt/Ebitda: data missing
7. RoE: 19.49%
8. Revenue Trend: 51.34%
9. EPS Trend: 92.98%

What is the price of REAL shares?

As of January 28, 2026, the stock is trading at USD 16.09 with a total of 1,900,738 shares traded.
Over the past week, the price has changed by +0.63%, over one month by -1.65%, over three months by +30.60% and over the past year by +74.13%.

Is REAL a buy, sell or hold?

TheRealReal has received a consensus analysts rating of 3.57. Therefor, it is recommend to hold REAL.
  • Strong Buy: 3
  • Buy: 0
  • Hold: 3
  • Sell: 0
  • Strong Sell: 1

What are the forecasts/targets for the REAL price?

Issuer Target Up/Down from current
Wallstreet Target Price 18 11.9%
Analysts Target Price 18 11.9%
ValueRay Target Price 16.9 4.7%

REAL Fundamental Data Overview January 25, 2026

P/S = 2.6795
P/B = 4.839
Revenue TTM = 662.8m USD
EBIT TTM = -44.8m USD
EBITDA TTM = -3.39m USD
Long Term Debt = 371.3m USD (from longTermDebt, last quarter)
Short Term Debt = 24.1m USD (from shortTermDebt, last quarter)
Debt = 468.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 359.8m USD (from netDebt column, last quarter)
Enterprise Value = 2.14b USD (1.78b + Debt 468.2m - CCE 108.4m)
Interest Coverage Ratio = -1.70 (Ebit TTM -44.8m / Interest Expense TTM 26.4m)
EV/FCF = -111.1x (Enterprise Value 2.14b / FCF TTM -19.2m)
FCF Yield = -0.90% (FCF TTM -19.2m / Enterprise Value 2.14b)
FCF Margin = -2.90% (FCF TTM -19.2m / Revenue TTM 662.8m)
Net Margin = -10.78% (Net Income TTM -71.5m / Revenue TTM 662.8m)
Gross Margin = 74.49% ((Revenue TTM 662.8m - Cost of Revenue TTM 169.1m) / Revenue TTM)
Gross Margin QoQ = 74.27% (prev 74.26%)
Tobins Q-Ratio = 5.83 (Enterprise Value 2.14b / Total Assets 366.2m)
Interest Expense / Debt = 1.51% (Interest Expense 7.08m / Debt 468.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -35.4m (EBIT -44.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.81 (Total Current Assets 182.4m / Total Current Liabilities 226.1m)
Debt / Equity = -1.22 (negative equity) (Debt 468.2m / totalStockholderEquity, last quarter -385.1m)
Debt / EBITDA = -106.0 (out of range, set to none) (Net Debt 359.8m / EBITDA -3.39m)
Debt / FCF = -18.73 (negative FCF - burning cash) (Net Debt 359.8m / FCF TTM -19.2m)
Total Stockholder Equity = -366.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -18.50% (Net Income -71.5m / Total Assets 366.2m)
RoE = 19.49% (negative equity) (Net Income TTM -71.5m / Total Stockholder Equity -366.7m)
RoCE = -977.3% (out of range, set to none) (EBIT -44.8m / Capital Employed (Equity -366.7m + L.T.Debt 371.3m))
RoIC = -124.1% (out of range, set to none) (NOPAT -35.4m / Invested Capital 28.5m)
WACC = 10.15% (E(1.78b)/V(2.24b) * Re(12.51%) + D(468.2m)/V(2.24b) * Rd(1.51%) * (1-Tc(0.21)))
Discount Rate = 12.51% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.07%
Fair Price DCF = unknown (Cash Flow -19.2m)
EPS Correlation: 92.98 | EPS CAGR: 164.9% | SUE: -1.96 | # QB: 0
Revenue Correlation: 51.34 | Revenue CAGR: 4.89% | SUE: 1.13 | # QB: 2
EPS next Quarter (2026-03-31): EPS=-0.04 | Chg30d=+0.001 | Revisions Net=+0 | Analysts=5
EPS next Year (2026-12-31): EPS=0.03 | Chg30d=-0.008 | Revisions Net=+4 | Growth EPS=+120.4% | Growth Revenue=+10.9%

Additional Sources for REAL Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle