REAL Stock Analysis: TheRealReal | NASDAQ
Luxury Goods | NASDAQ, USA | Market Cap: 1.395m USD | 12M Return: 97.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 37.6M
Qual. Beats: 0
Rev. Trend: 91.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The RealReal, Inc. (NASDAQ: REAL) operates an online resale marketplace for luxury goods, offering categories such as womens and mens fashion, jewelry, and watches to customers worldwide. The company sells through its website, online marketplace, mobile app, and physical retail locations, providing an omnichannel resale experience. Headquartered in San Francisco, California and incorporated in 2011, The RealReal went public in June 2019 and is classified within the Consumer Discretionary sector, specifically the Apparel Retail sub-industry.
- Luxury resale demand growth fuels GMV and active buyer expansion
- Operating margin improvement critical to path to profitability
- Competition from Vestiaire Collective pressures resale market share
| Net Income: -65.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 8.16 > 1.0 |
| NWC/Revenue: -5.28% < 20% (prev -5.16%; Δ -0.11% < -1%) |
| CFO/TA 0.11 > 3% & CFO 43.7m > Net Income -65.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (314.3m) vs 12m ago 184.8% < -2% |
| Gross Margin: 72.23% > 18% (prev 73.32%; Δ -1.09% > 0.5%) |
| Asset Turnover: 183.8% > 50% (prev 154.0%; Δ 29.75% > 0%) |
| Interest Coverage Ratio: -1.27 > 6 (EBIT TTM -36.3m / Interest Expense TTM 28.6m) |
| A: -0.10 (Total Current Assets 203.0m - Total Current Liabilities 241.1m) / Total Assets 385.9m |
| B: -3.26 (Retained Earnings -1.26b / Total Assets 385.9m) |
| C: -0.09 (EBIT TTM -36.3m / Avg Total Assets 393.1m) |
| D: -0.48 (Book Value of Equity -359.4m / Total Liabilities 745.3m) |
| Altman-Z'' = -12.39 = D |
| DSRI: 0.77 (Receivables 24.9m/27.8m, Revenue 722.5m/616.7m) |
| GMI: 1.02 (GM 73.32% / 72.23%) |
| AQI: 1.05 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 1.17 (Revenue 722.5m / 616.7m) |
| TATA: -0.28 (NI -65.3m - CFO 43.7m) / TA 385.9m) |
| Beneish M = -3.08 (Cap -4..+1) = AA |
As of July 10, 2026, the stock is trading at USD 10.47 with a total of 4,077,580 shares traded. Over the past week, the price has changed by -11.20%, over one month by +13.80%, over three months by +3.05% and over the past year by +97.55%.
Current recommended Stop Loss: 9.60 (which is 8.3% or 1.2 ATR below the current price).
TheRealReal has received a consensus analysts rating of 3.57. Therefore, it is recommended to hold REAL.
- StrongBuy: 3
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 17.3 | 64.8% |
P/E Forward = 188.6792
P/S = 1.9311
P/B = 4.839
Revenue TTM = 722.5m USD
EBIT TTM = -36.3m USD
EBITDA TTM = -3.56m USD
Long Term Debt = 375.3m USD (from longTermDebt, last quarter)
Short Term Debt = 22.4m USD (from shortTermDebt, last quarter)
Debt = 553.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 89.2m
Net Debt = 429.8m USD (calculated: Debt 553.7m - CCE 124.0m)
Enterprise Value = 1.83b USD (1.40b + Debt 553.7m - CCE 124.0m)
Interest Coverage Ratio = -1.27 (Ebit TTM -36.3m / Interest Expense TTM 28.6m)
EV/FCF = 144.9x (Enterprise Value 1.83b / FCF TTM 12.6m)
FCF Yield = 0.69% (FCF TTM 12.6m / Enterprise Value 1.83b)
FCF Margin = 1.74% (FCF TTM 12.6m / Revenue TTM 722.5m)
Net Margin = -9.03% (Net Income TTM -65.3m / Revenue TTM 722.5m)
Gross Margin = 72.23% ((Revenue TTM 722.5m - Cost of Revenue TTM 200.7m) / Revenue TTM)
Gross Margin QoQ = 70.23% (prev 70.62%)
Tobins Q-Ratio = 4.73 (Enterprise Value 1.83b / Total Assets 385.9m)
Interest Expense / Debt = 5.17% (Interest Expense 28.6m / Debt 553.7m)
Taxrate = 0.28% (108k / 39.0m)
NOPAT = -36.2m (EBIT -36.3m * (1 - 0.28%)) [loss with tax shield]
Current Ratio = 0.84 (Total Current Assets 203.0m / Total Current Liabilities 241.1m)
Debt / Equity = -1.54 (negative equity) (Debt 553.7m / totalStockholderEquity, last quarter -359.4m)
Debt / EBITDA = -120.7 (out of range, set to none) (Net Debt 429.8m / EBITDA -3.56m)
Debt / FCF = 34.13 (Net Debt 429.8m / FCF TTM 12.6m)
Total Stockholder Equity = -374.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -16.60% (Net Income -65.3m / Total Assets 385.9m)
RoE = 17.42% (negative equity) (Net Income TTM -65.3m / Total Stockholder Equity -374.5m)
RoCE = -4.68k% (out of range, set to none) (EBIT -36.3m / Capital Employed (Equity -374.5m + L.T.Debt 375.3m))
RoIC = -27.60% (negative operating profit) (NOPAT -36.2m / Invested Capital 131.1m)
WACC = 12.23% (E(1.40b)/V(1.95b) * Re(15.04%) + D(553.7m)/V(1.95b) * Rd(5.17%) * (1-Tc(0.00)))
Discount Rate = 15.04% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 67.42 | Cagr: 9.85%
[DCF] Terminal Value 63.11% ; FCFF base≈12.6m ; Y1≈12.6m ; Y5≈13.4m
[DCF] Fair Price = N/A (negative equity: EV 125.6m - Net Debt 429.8m = -304.2m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 91.65 | Revenue CAGR: 9.78% | SUE: 0.51 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.02 | Chg30d=N/A | Revisions=+57% | Analysts=6
EPS next Quarter (2026-09-30): EPS=-0.01 | Chg30d=N/A | Revisions=+40% | Analysts=6
EPS current Year (2026-12-31): EPS=0.06 | Chg30d=+49.01% | Revisions=+38% | GrowthEPS=+150.4% | GrowthRev=+12.7%
EPS next Year (2027-12-31): EPS=0.22 | Chg30d=+9.67% | Revisions=-22% | GrowthEPS=+271.3% | GrowthRev=+10.4%
[Analyst] Revisions Ratio: +35% (up=12, down=5)