RealReal (REAL) Financials

$5.09 -0.08 (-1.55%)

Closing price 04:00 PM Eastern

Extended Trading

$5.05 -0.04 (-0.79%)

As of 07:59 PM Eastern

Annual Income Statements for RealReal

This table shows RealReal's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-196	-168	-134
Consolidated Net Income / (Loss)	-196	-168	-134
Net Income / (Loss) Continuing Operations	-196	-168	-134
Total Pre-Tax Income	-196	-168	-134
Total Operating Income	-189	-166	-56
Total Gross Profit	349	376	448
Total Revenue	603	549	600
Operating Revenue	603	549	600
Total Cost of Revenue	255	173	153
Operating Cost of Revenue	255	173	153
Total Operating Expenses	538	543	504
Selling, General & Admin Expense	195	184	188
Marketing Expense	63	58	55
Other Operating Expenses / (Income)	279	257	261
Restructuring Charge	0.90	43	0.00
Total Other Income / (Expense), net	-7.11	-1.90	-77
Interest Expense	10	11	17
Interest & Investment Income	3.19	8.81	7.94
Other Income / (Expense), net	0.17	0.00	-68
Income Tax Expense	0.17	0.28	0.28
Basic Earnings per Share	($2.05)	($1.65)	($1.24)
Weighted Average Basic Shares Outstanding	95.92M	101.81M	107.88M
Diluted Earnings per Share	($2.05)	($1.65)	($1.24)
Weighted Average Diluted Shares Outstanding	95.92M	101.81M	107.88M
Weighted Average Basic & Diluted Shares Outstanding	99.25M	104.69M	111.25M

This table shows RealReal's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-47	-39	-83	-41	-23	-22	-31	-17	-18	-68
Consolidated Net Income / (Loss)	-47	-39	-83	-41	-23	-22	-31	-17	-18	-68
Net Income / (Loss) Continuing Operations	-47	-39	-83	-41	-23	-22	-31	-17	-18	-68
Total Pre-Tax Income	-47	-39	-82	-41	-23	-22	-31	-17	-18	-68
Total Operating Income	-46	-38	-82	-41	-22	-21	-18	-19	-15	-5.15
Total Gross Profit	86	97	90	86	94	106	107	107	111	122
Total Revenue	143	160	142	131	133	143	144	145	148	164
Operating Revenue	143	160	142	131	133	143	144	145	148	164
Total Cost of Revenue	57	63	52	45	39	37	37	37	37	42
Operating Cost of Revenue	57	63	52	45	39	37	37	37	37	42
Total Operating Expenses	131	135	172	127	117	127	125	126	125	127
Selling, General & Admin Expense	47	48	50	44	45	45	47	47	48	46
Marketing Expense	14	15	18	15	12	14	15	14	12	15
Other Operating Expenses / (Income)	71	71	68	66	61	62	63	65	66	66
Restructuring Charge	0.00	0.62	36	1.86	-0.86	6.07	0.20	0.00	0.00	-0.20
Total Other Income / (Expense), net	-1.67	-0.59	-0.61	-0.27	-0.41	-0.60	-13	2.12	-3.26	-63
Interest Expense	2.68	2.46	2.67	2.68	2.67	2.68	-0.43	5.77	5.95	5.92
Interest & Investment Income	1.00	1.83	2.05	2.40	2.26	2.09	2.07	2.26	1.94	1.67
Other Income / (Expense), net	0.01	0.04	0.00	0.00	0.00	-	-16	5.63	0.74	-59
Income Tax Expense	0.06	0.08	0.09	0.11	0.05	0.04	0.07	0.04	0.07	0.10
Basic Earnings per Share	($0.49)	($0.39)	($0.83)	($0.41)	($0.22)	($0.19)	($0.30)	($0.16)	($0.16)	($0.62)
Weighted Average Basic Shares Outstanding	96.70M	95.92M	99.61M	100.97M	102.65M	101.81M	105.21M	106.88M	109.02M	107.88M
Diluted Earnings per Share	($0.49)	($0.39)	($0.83)	($0.41)	($0.22)	($0.19)	($0.30)	($0.20)	($0.17)	($0.57)
Weighted Average Diluted Shares Outstanding	96.70M	95.92M	99.61M	100.97M	102.65M	101.81M	105.21M	111.12M	112.42M	107.88M
Weighted Average Basic & Diluted Shares Outstanding	98.07M	99.25M	100.17M	102.14M	103.35M	104.69M	105.97M	108.50M	109.69M	111.25M

This table details how cash moves in and out of RealReal's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-124	-103	-3.50
Net Cash From Operating Activities	-92	-61	27
Net Cash From Continuing Operating Activities	-92	-61	27
Net Income / (Loss) Continuing Operations	-196	-168	-134
Consolidated Net Income / (Loss)	-196	-168	-134
Depreciation Expense	28	32	33
Non-Cash Adjustments To Reconcile Net Income	75	105	125
Changes in Operating Assets and Liabilities, net	2.65	-29	2.84
Net Cash From Investing Activities	-37	-42	-26
Net Cash From Continuing Investing Activities	-37	-42	-26
Purchase of Property, Plant & Equipment	-37	-42	-26
Other Investing Activities, net	0.00	0.00	0.46
Net Cash From Financing Activities	4.10	0.23	-4.76
Net Cash From Continuing Financing Activities	4.10	0.23	-4.76
Repayment of Debt	0.00	0.00	-5.30
Issuance of Common Equity	1.40	0.89	1.41
Other Financing Activities, net	2.70	-0.66	-0.87
Cash Interest Paid	8.10	8.13	11
Cash Income Taxes Paid	0.26	0.23	0.20

This table details how cash moves in and out of RealReal's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-15	-6.65	-47	-41	-19	4.06	-9.72	-15	2.43	19
Net Cash From Operating Activities	-7.35	3.70	-30	-30	-11	11	-3.47	-6.75	9.07	28
Net Cash From Continuing Operating Activities	-7.35	3.70	-30	-30	-11	10	-3.47	-6.75	9.07	28
Net Income / (Loss) Continuing Operations	-47	-39	-83	-41	-23	-22	-31	-17	-18	-68
Consolidated Net Income / (Loss)	-47	-39	-83	-41	-23	-22	-31	-17	-18	-68
Depreciation Expense	7.20	7.41	7.82	7.97	7.74	8.17	8.31	8.23	8.27	8.29
Non-Cash Adjustments To Reconcile Net Income	18	17	52	17	1.21	34	25	13	11	77
Changes in Operating Assets and Liabilities, net	14	18	-8.15	-14	3.17	-10	-5.52	-11	8.10	12
Net Cash From Investing Activities	-10	-11	-16	-11	-8.12	-6.73	-5.32	-4.96	-6.48	-8.83
Net Cash From Continuing Investing Activities	-10	-11	-16	-11	-8.12	-6.73	-5.32	-4.96	-6.48	-8.83
Purchase of Property, Plant & Equipment	-10	-11	-16	-11	-8.12	-6.73	-5.32	-4.96	-6.94	-8.83
Net Cash From Financing Activities	1.94	0.32	-0.30	0.33	-0.07	0.26	-0.93	-3.54	-0.16	-0.13
Net Cash From Continuing Financing Activities	1.94	0.32	-0.30	0.33	-0.07	0.26	-0.93	-3.54	-0.16	-0.13
Issuance of Common Equity	-	0.50	-	-	-	0.44	-	-	-	0.79
Other Financing Activities, net	1.94	-0.18	-0.30	-0.11	-0.07	-0.18	0.10	0.05	-0.10	-0.92
Cash Interest Paid	1.45	2.61	1.46	2.61	1.46	2.61	2.35	0.42	7.39	0.52
Cash Income Taxes Paid	-	-	0.00	0.22	0.01	-	0.01	0.19	-	0.00

This table presents RealReal's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	616	447	423
Total Current Assets	372	236	233
Cash & Equivalents	294	176	172
Accounts Receivable	12	17	14
Inventories, net	43	22	24
Prepaid Expenses	23	21	23
Plant, Property, & Equipment, net	113	104	94
Total Noncurrent Assets	131	107	96
Other Noncurrent Operating Assets	131	107	96
Total Liabilities & Shareholders' Equity	616	447	423
Total Liabilities	786	750	830
Total Current Liabilities	208	189	249
Short-Term Debt	-	0.00	27
Accounts Payable	12	8.96	11
Accrued Expenses	82	77	90
Other Current Liabilities	114	103	121
Total Noncurrent Liabilities	578	561	582
Long-Term Debt	450	452	411
Other Noncurrent Operating Liabilities	128	109	171
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-170	-303	-407
Total Preferred & Common Equity	-170	-303	-407
Total Common Equity	-170	-303	-407
Common Stock	781	816	846
Retained Earnings	-951	-1,120	-1,254

This table presents RealReal's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	634	512	459	453	432	407	406
Total Current Assets	399	311	240	230	225	207	212
Cash & Equivalents	300	247	189	171	166	151	153
Accounts Receivable	8.75	8.94	5.99	14	20	16	16
Inventories, net	63	31	26	25	21	21	20
Prepaid Expenses	27	24	19	21	18	19	23
Plant, Property, & Equipment, net	100	102	106	107	101	97	95
Total Noncurrent Assets	136	99	113	116	105	103	99
Other Noncurrent Operating Assets	136	99	113	116	105	103	99
Total Liabilities & Shareholders' Equity	634	512	459	453	432	407	406
Total Liabilities	776	755	734	743	759	743	752
Total Current Liabilities	194	184	168	177	194	212	226
Short-Term Debt	-	-	-	-	-	27	27
Accounts Payable	9.90	8.87	13	8.09	14	13	11
Accrued Expenses	72	72	62	67	76	65	73
Other Current Liabilities	112	103	93	102	104	107	115
Total Noncurrent Liabilities	582	571	566	566	565	531	526
Long-Term Debt	449	450	451	452	434	407	408
Other Noncurrent Operating Liabilities	133	121	115	114	131	123	118
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-141	-244	-276	-290	-327	-335	-345
Total Preferred & Common Equity	-141	-244	-276	-290	-327	-335	-345
Total Common Equity	-141	-244	-276	-290	-327	-335	-345
Common Stock	771	790	799	808	824	832	840
Retained Earnings	-913	-1,034	-1,075	-1,098	-1,151	-1,167	-1,185

This table displays calculated financial ratios and metrics derived from RealReal's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	29.04%	-8.98%	9.32%
EBITDA Growth	15.69%	16.57%	31.97%
EBIT Growth	12.05%	12.01%	25.03%
NOPAT Growth	11.98%	12.09%	66.03%
Net Income Growth	16.80%	14.24%	20.34%
EPS Growth	20.54%	19.51%	24.85%
Operating Cash Flow Growth	35.59%	33.08%	143.82%
Free Cash Flow Firm Growth	31.59%	9.72%	172.72%
Invested Capital Growth	-520.65%	-89.41%	-432.81%
Revenue Q/Q Growth	2.47%	-2.88%	3.56%
EBITDA Q/Q Growth	5.84%	11.56%	-88.24%
EBIT Q/Q Growth	4.19%	9.20%	-52.75%
NOPAT Q/Q Growth	4.17%	9.22%	21.97%
Net Income Q/Q Growth	6.47%	9.13%	-53.48%
EPS Q/Q Growth	7.66%	10.81%	-44.19%
Operating Cash Flow Q/Q Growth	19.70%	10.02%	186.36%
Free Cash Flow Firm Q/Q Growth	14.97%	7.19%	1,641.04%
Invested Capital Q/Q Growth	-293.35%	-193.39%	-121.06%
Profitability Metrics	-	-	-
Gross Margin	57.78%	68.50%	74.53%
EBITDA Margin	-26.73%	-24.50%	-15.25%
Operating Margin	-31.34%	-30.27%	-9.41%
EBIT Margin	-31.32%	-30.27%	-20.76%
Profit (Net Income) Margin	-32.55%	-30.67%	-22.35%
Tax Burden Percent	100.09%	100.17%	100.21%
Interest Burden Percent	103.85%	101.14%	107.43%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	405.19%	71.18%	37.77%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-27.58%	-31.30%	-28.66%
Return on Assets (ROA)	-28.67%	-31.71%	-30.85%
Return on Common Equity (ROCE)	405.19%	71.18%	37.77%
Return on Equity Simple (ROE_SIMPLE)	115.49%	55.55%	32.94%
Net Operating Profit after Tax (NOPAT)	-132	-116	-40
NOPAT Margin	-21.94%	-21.19%	-6.59%
Net Nonoperating Expense Percent (NNEP)	148.45%	24.06%	34.90%
Return On Investment Capital (ROIC_SIMPLE)	-47.33%	-78.06%	-129.43%
Cost of Revenue to Revenue	42.22%	31.50%	25.47%
SG&A Expenses to Revenue	32.37%	33.46%	31.26%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	89.12%	98.77%	83.90%
Earnings before Interest and Taxes (EBIT)	-189	-166	-125
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-161	-135	-92
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.20	0.38	2.00
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.46	0.88	2.44
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	54.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	19.39
Leverage & Solvency	-	-	-
Debt to Equity	-2.64	-1.49	-1.08
Long-Term Debt to Equity	-2.64	-1.49	-1.01
Financial Leverage	-0.89	-0.91	-0.76
Leverage Ratio	-14.14	-2.24	-1.22
Compound Leverage Factor	-14.68	-2.27	-1.32
Debt to Total Capital	160.80%	303.39%	1,433.30%
Short-Term Debt to Total Capital	0.00%	0.00%	87.23%
Long-Term Debt to Total Capital	160.80%	303.39%	1,346.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	-60.80%	-203.39%	-1,333.30%
Debt to EBITDA	-2.79	-3.36	-4.78
Net Debt to EBITDA	-0.97	-2.06	-2.90
Long-Term Debt to EBITDA	-2.79	-3.36	-4.49
Debt to NOPAT	-3.40	-3.89	-11.07
Net Debt to NOPAT	-1.18	-2.38	-6.72
Long-Term Debt to NOPAT	-3.40	-3.89	-10.40
Altman Z-Score	-1.78	-3.21	-2.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.79	1.25	0.94
Quick Ratio	1.47	1.02	0.75
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-115	-104	76
Operating Cash Flow to CapEx	-247.97%	-145.43%	103.06%
Free Cash Flow to Firm to Interest Expense	-10.99	-9.71	4.39
Operating Cash Flow to Interest Expense	-8.74	-5.73	1.56
Operating Cash Flow Less CapEx to Interest Expense	-12.27	-9.66	0.05
Efficiency Ratios	-	-	-
Asset Turnover	0.88	1.03	1.38
Accounts Receivable Turnover	60.43	37.33	38.51
Inventory Turnover	4.47	5.31	6.68
Fixed Asset Turnover	5.98	5.07	6.05
Accounts Payable Turnover	31.06	16.59	15.32
Days Sales Outstanding (DSO)	6.04	9.78	9.48
Days Inventory Outstanding (DIO)	81.64	68.78	54.68
Days Payable Outstanding (DPO)	11.75	22.01	23.82
Cash Conversion Cycle (CCC)	75.93	56.56	40.34
Capital & Investment Metrics	-	-	-
Invested Capital	-14	-27	-142
Invested Capital Turnover	-112.80	-27.04	-7.14
Increase / (Decrease) in Invested Capital	-17	-13	-115
Enterprise Value (EV)	279	484	1,465
Market Capitalization	123	208	1,199
Book Value per Share	($1.73)	($2.93)	($3.71)
Tangible Book Value per Share	($1.73)	($2.93)	($3.71)
Total Capital	280	149	31
Total Debt	450	452	438
Total Long-Term Debt	450	452	411
Net Debt	156	277	266
Capital Expenditures (CapEx)	37	42	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-129	-129	-162
Debt-free Net Working Capital (DFNWC)	165	47	11
Net Working Capital (NWC)	165	47	-16
Net Nonoperating Expense (NNE)	64	52	95
Net Nonoperating Obligations (NNO)	156	277	266
Total Depreciation and Amortization (D&A)	28	32	33
Debt-free, Cash-free Net Working Capital to Revenue	-21.38%	-23.42%	-26.91%
Debt-free Net Working Capital to Revenue	27.30%	8.57%	1.77%
Net Working Capital to Revenue	27.30%	8.57%	-2.67%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($2.05)	($1.65)	($1.24)
Adjusted Weighted Average Basic Shares Outstanding	95.92M	101.81M	107.88M
Adjusted Diluted Earnings per Share	($2.05)	($1.65)	($1.24)
Adjusted Weighted Average Diluted Shares Outstanding	95.92M	101.81M	107.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	99.25M	104.69M	111.25M
Normalized Net Operating Profit after Tax (NOPAT)	-132	-86	-40
Normalized NOPAT Margin	-21.84%	-15.65%	-6.59%
Pre Tax Income Margin	-32.52%	-30.62%	-22.30%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-18.05	-15.54	-7.24
NOPAT to Interest Expense	-12.64	-10.88	-2.30
EBIT Less CapEx to Interest Expense	-21.57	-19.48	-8.76
NOPAT Less CapEx to Interest Expense	-16.17	-14.81	-3.81
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from RealReal's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.08%	10.01%	-3.27%	-15.27%	-6.68%	-10.20%	1.34%	10.76%	10.95%	14.38%
EBITDA Growth	15.05%	24.69%	-52.59%	25.09%	61.53%	57.71%	65.91%	85.02%	62.10%	-332.80%
EBIT Growth	11.00%	17.92%	-49.14%	19.27%	50.60%	44.44%	59.02%	67.84%	38.38%	-204.40%
NOPAT Growth	11.00%	17.84%	-49.52%	19.69%	50.60%	44.49%	78.07%	54.09%	35.07%	75.53%
Net Income Growth	17.38%	26.03%	-43.70%	22.26%	51.44%	43.82%	62.30%	59.57%	21.84%	-215.56%
EPS Growth	20.97%	30.36%	-36.07%	26.79%	55.10%	51.28%	63.86%	51.22%	22.73%	-200.00%
Operating Cash Flow Growth	79.04%	119.71%	38.34%	21.08%	-48.73%	184.56%	88.61%	77.80%	182.99%	166.03%
Free Cash Flow Firm Growth	50.76%	81.64%	100.44%	117.17%	102.00%	76.13%	2,580.87%	155.35%	7,627.89%	5,181.75%
Invested Capital Growth	-28.49%	-520.65%	-331.89%	-152.75%	-224.82%	-89.41%	-48.13%	-289.70%	-607.15%	-432.81%
Revenue Q/Q Growth	-7.60%	11.88%	-11.12%	-7.79%	1.77%	7.66%	0.30%	0.79%	1.95%	10.99%
EBITDA Q/Q Growth	12.93%	20.44%	-142.61%	55.42%	55.29%	12.53%	-95.52%	80.41%	-13.12%	-898.89%
EBIT Q/Q Growth	10.24%	16.73%	-115.79%	49.95%	45.07%	6.35%	-59.17%	60.72%	-5.25%	-362.64%
NOPAT Q/Q Growth	10.70%	16.66%	-115.58%	49.95%	45.07%	6.35%	14.81%	-4.77%	22.32%	64.70%
Net Income Q/Q Growth	11.11%	18.30%	-113.68%	49.90%	44.47%	5.47%	-43.37%	46.28%	-7.36%	-281.62%
EPS Q/Q Growth	12.50%	20.41%	-112.82%	50.60%	46.34%	13.64%	-57.89%	33.33%	15.00%	-235.29%
Operating Cash Flow Q/Q Growth	80.93%	150.31%	-922.96%	0.03%	64.07%	196.25%	-132.95%	-94.81%	234.34%	208.54%
Free Cash Flow Firm Q/Q Growth	50.18%	68.29%	102.75%	3,848.46%	-94.20%	-478.37%	409.23%	276.08%	75.63%	148.81%
Invested Capital Q/Q Growth	-71.31%	-293.35%	-186.27%	66.79%	32.10%	-193.39%	-123.89%	12.62%	-23.20%	-121.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.11%	60.51%	63.41%	65.85%	70.64%	73.97%	74.60%	74.15%	74.93%	74.43%
EBITDA Margin	-26.86%	-19.10%	-52.13%	-25.20%	-11.07%	-9.00%	-17.54%	-3.41%	-3.78%	-34.04%
Operating Margin	-31.90%	-23.77%	-57.64%	-31.29%	-16.89%	-14.69%	-12.48%	-12.97%	-9.88%	-3.14%
EBIT Margin	-31.90%	-23.74%	-57.64%	-31.29%	-16.89%	-14.69%	-23.31%	-9.08%	-9.38%	-39.09%
Profit (Net Income) Margin	-33.12%	-24.18%	-58.14%	-31.58%	-17.23%	-15.13%	-21.63%	-11.53%	-12.14%	-41.74%
Tax Burden Percent	100.13%	100.20%	100.10%	100.28%	100.21%	100.17%	100.23%	100.21%	100.40%	100.14%
Interest Burden Percent	103.68%	101.65%	100.75%	100.67%	101.84%	102.83%	92.56%	126.63%	128.92%	106.62%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1,510.73%	0.00%	0.00%	-2,107.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-1,574.92%	0.00%	0.00%	-2,113.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	2,472.95%	0.00%	0.00%	2,179.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	962.21%	405.19%	141.63%	72.45%	85.97%	71.18%	41.04%	30.27%	27.52%	37.77%
Cash Return on Invested Capital (CROIC)	-1,553.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-26.73%	-20.91%	-57.04%	-32.51%	-17.57%	-15.19%	-27.24%	-11.86%	-12.66%	-53.97%
Return on Assets (ROA)	-27.75%	-21.30%	-57.52%	-32.81%	-17.93%	-15.64%	-25.27%	-15.05%	-16.39%	-57.62%
Return on Common Equity (ROCE)	962.21%	405.19%	141.63%	72.45%	85.97%	71.18%	41.04%	30.27%	27.52%	37.77%
Return on Equity Simple (ROE_SIMPLE)	148.69%	0.00%	90.97%	76.09%	63.92%	0.00%	35.80%	27.58%	25.31%	0.00%
Net Operating Profit after Tax (NOPAT)	-32	-27	-57	-29	-16	-15	-13	-13	-10	-3.61
NOPAT Margin	-22.33%	-16.64%	-40.35%	-21.90%	-11.82%	-10.28%	-8.73%	-9.08%	-6.92%	-2.20%
Net Nonoperating Expense Percent (NNEP)	64.18%	27.93%	17.41%	6.42%	3.36%	3.21%	7.88%	1.30%	2.74%	23.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-9.49%	-	-	-	-9.89%	-	-	-	-11.81%
Cost of Revenue to Revenue	39.89%	39.49%	36.59%	34.15%	29.36%	26.03%	25.40%	25.85%	25.07%	25.57%
SG&A Expenses to Revenue	32.94%	30.02%	35.13%	33.87%	33.63%	31.27%	32.52%	32.49%	32.16%	28.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	92.01%	84.28%	121.06%	97.14%	87.53%	88.66%	87.08%	87.12%	84.81%	77.45%
Earnings before Interest and Taxes (EBIT)	-46	-38	-82	-41	-22	-21	-34	-13	-14	-64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-38	-30	-74	-33	-15	-13	-25	-4.94	-5.59	-56
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.24	0.20	0.21	0.39	0.38	0.38	0.74	0.60	0.59	2.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	40.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.50	0.46	0.55	0.84	0.88	0.88	1.23	1.10	1.07	2.44
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	66.35	54.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	143.39	19.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.18	-2.64	-1.85	-1.64	-1.56	-1.49	-1.33	-1.29	-1.26	-1.08
Long-Term Debt to Equity	-3.18	-2.64	-1.85	-1.64	-1.56	-1.49	-1.33	-1.22	-1.18	-1.01
Financial Leverage	-1.57	-0.89	-0.93	-1.03	-1.00	-0.91	-0.83	-0.89	-0.88	-0.76
Leverage Ratio	-46.04	-14.14	-3.87	-2.89	-2.52	-2.24	-1.65	-1.42	-1.35	-1.22
Compound Leverage Factor	-47.73	-14.37	-3.90	-2.91	-2.57	-2.31	-1.53	-1.80	-1.74	-1.31
Debt to Total Capital	145.91%	160.80%	217.66%	256.99%	279.30%	303.39%	407.18%	439.56%	487.68%	1,433.30%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.89%	29.86%	87.23%
Long-Term Debt to Total Capital	145.91%	160.80%	217.66%	256.99%	279.30%	303.39%	407.18%	412.67%	457.83%	1,346.07%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-45.91%	-60.80%	-117.66%	-156.99%	-179.30%	-203.39%	-307.18%	-339.56%	-387.68%	-1,333.30%
Debt to EBITDA	-2.62	-2.79	-2.41	-2.57	-2.97	-3.36	-5.05	-7.51	-8.93	-4.78
Net Debt to EBITDA	-0.87	-0.97	-1.09	-1.49	-1.85	-2.06	-3.12	-4.90	-5.78	-2.90
Long-Term Debt to EBITDA	-2.62	-2.79	-2.41	-2.57	-2.97	-3.36	-5.05	-7.05	-8.39	-4.49
Debt to NOPAT	-3.25	-3.40	-2.98	-3.13	-3.52	-3.89	-6.05	-7.72	-8.57	-11.07
Net Debt to NOPAT	-1.07	-1.18	-1.34	-1.82	-2.19	-2.38	-3.73	-5.04	-5.55	-6.72
Long-Term Debt to NOPAT	-3.25	-3.40	-2.98	-3.13	-3.52	-3.89	-6.05	-7.25	-8.05	-10.40
Altman Z-Score	-0.82	-0.97	-1.79	-1.95	-2.00	-2.14	-2.30	-2.47	-2.54	-2.41
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.06	1.79	1.69	1.43	1.30	1.25	1.16	0.98	0.94	0.94
Quick Ratio	1.59	1.47	1.39	1.16	1.04	1.02	0.96	0.79	0.75	0.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-29	-9.19	0.25	9.99	0.58	-2.19	6.78	26	45	111
Operating Cash Flow to CapEx	-73.25%	34.67%	-191.16%	-267.87%	-134.64%	156.36%	-65.16%	-136.20%	130.75%	317.07%
Free Cash Flow to Firm to Interest Expense	-10.83	-3.74	0.09	3.73	0.22	-0.82	0.00	4.42	7.53	18.84
Operating Cash Flow to Interest Expense	-2.75	1.50	-11.41	-11.36	-4.09	3.92	0.00	-1.17	1.53	4.73
Operating Cash Flow Less CapEx to Interest Expense	-6.50	-2.84	-17.38	-15.60	-7.13	1.41	0.00	-2.03	0.36	3.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.84	0.88	0.99	1.04	1.04	1.03	1.17	1.31	1.35	1.38
Accounts Receivable Turnover	75.88	60.43	69.95	93.08	50.69	37.33	38.33	50.37	39.29	38.51
Inventory Turnover	4.04	4.47	4.57	4.33	4.54	5.31	6.07	6.40	6.66	6.68
Fixed Asset Turnover	6.42	5.98	6.23	5.79	5.48	5.07	5.43	5.58	5.74	6.05
Accounts Payable Turnover	28.24	31.06	31.48	20.43	22.10	16.59	13.71	11.66	15.71	15.32
Days Sales Outstanding (DSO)	4.81	6.04	5.22	3.92	7.20	9.78	9.52	7.25	9.29	9.48
Days Inventory Outstanding (DIO)	90.34	81.64	79.95	84.21	80.47	68.78	60.16	57.05	54.84	54.68
Days Payable Outstanding (DPO)	12.92	11.75	11.59	17.87	16.52	22.01	26.62	31.31	23.23	23.82
Cash Conversion Cycle (CCC)	82.23	75.93	73.57	70.26	71.15	56.56	43.06	32.99	40.90	40.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7.26	-14	-40	-13	-9.06	-27	-60	-52	-64	-142
Invested Capital Turnover	67.65	-112.80	-52.39	96.21	-627.73	-27.04	-11.06	-17.30	-15.86	-7.14
Increase / (Decrease) in Invested Capital	-2.89	-17	-58	-39	-16	-13	-19	-39	-55	-115
Enterprise Value (EV)	292	279	328	485	496	484	677	621	622	1,465
Market Capitalization	143	123	125	222	216	208	409	338	341	1,199
Book Value per Share	($1.48)	($1.73)	($2.45)	($2.75)	($2.84)	($2.93)	($3.12)	($3.16)	($3.18)	($3.71)
Tangible Book Value per Share	($1.48)	($1.73)	($2.45)	($2.75)	($2.84)	($2.93)	($3.12)	($3.16)	($3.18)	($3.71)
Total Capital	308	280	207	176	162	149	106	99	89	31
Total Debt	449	450	450	451	452	452	434	434	435	438
Total Long-Term Debt	449	450	450	451	452	452	434	407	408	411
Net Debt	149	156	203	262	281	277	268	283	281	266
Capital Expenditures (CapEx)	10	11	16	11	8.12	6.73	5.32	4.96	6.94	8.83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-95	-129	-120	-117	-118	-129	-134	-129	-141	-162
Debt-free Net Working Capital (DFNWC)	205	165	127	72	53	47	32	22	13	11
Net Working Capital (NWC)	205	165	127	72	53	47	32	-4.36	-14	-16
Net Nonoperating Expense (NNE)	15	12	25	13	7.21	6.95	19	3.55	7.72	65
Net Nonoperating Obligations (NNO)	149	156	203	262	281	277	268	283	281	266
Total Depreciation and Amortization (D&A)	7.20	7.41	7.82	7.97	7.74	8.17	8.31	8.23	8.27	8.29
Debt-free, Cash-free Net Working Capital to Revenue	-16.18%	-21.38%	-20.04%	-20.38%	-20.82%	-23.42%	-24.38%	-22.74%	-24.24%	-26.91%
Debt-free Net Working Capital to Revenue	34.84%	27.30%	21.24%	12.47%	9.38%	8.57%	5.74%	3.93%	2.18%	1.77%
Net Working Capital to Revenue	34.84%	27.30%	21.24%	12.47%	9.38%	8.57%	5.74%	-0.77%	-2.41%	-2.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.49)	($0.39)	($0.83)	($0.41)	($0.22)	($0.19)	($0.30)	($0.16)	($0.16)	($0.62)
Adjusted Weighted Average Basic Shares Outstanding	96.70M	95.92M	99.61M	100.97M	102.65M	101.81M	105.21M	106.88M	109.02M	107.88M
Adjusted Diluted Earnings per Share	($0.49)	($0.39)	($0.83)	($0.41)	($0.22)	($0.19)	($0.30)	($0.20)	($0.17)	($0.57)
Adjusted Weighted Average Diluted Shares Outstanding	96.70M	95.92M	99.61M	100.97M	102.65M	101.81M	105.21M	111.12M	112.42M	107.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	98.07M	99.25M	100.17M	102.14M	103.35M	104.69M	105.97M	108.50M	109.69M	111.25M
Normalized Net Operating Profit after Tax (NOPAT)	-32	-26	-32	-27	-16	-10	-12	-13	-10	-3.75
Normalized NOPAT Margin	-22.33%	-16.36%	-22.40%	-20.90%	-12.27%	-7.32%	-8.64%	-9.08%	-6.92%	-2.28%
Pre Tax Income Margin	-33.07%	-24.14%	-58.08%	-31.50%	-17.20%	-15.11%	-21.58%	-11.50%	-12.09%	-41.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-17.02	-15.42	-30.67	-15.29	-8.41	-7.85	0.00	-2.28	-2.33	-10.84
NOPAT to Interest Expense	-11.91	-10.81	-21.47	-10.70	-5.89	-5.50	0.00	-2.28	-1.72	-0.61
EBIT Less CapEx to Interest Expense	-20.77	-19.76	-36.64	-19.53	-11.45	-10.36	0.00	-3.14	-3.50	-12.33
NOPAT Less CapEx to Interest Expense	-15.67	-15.15	-27.44	-14.94	-8.93	-8.00	0.00	-3.14	-2.89	-2.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About RealReal's Financials

When does RealReal's financial year end?

According to the most recent income statement we have on file, RealReal's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has RealReal's net income changed over the last 2 years?

RealReal's net income appears to be on a downward trend, with a most recent value of -$134.20 million in 2024, falling from -$196.45 million in 2022. The previous period was -$168.47 million in 2023.

What is RealReal's operating income?

RealReal's total operating income in 2024 was -$56.50 million, based on the following breakdown:

Total Gross Profit: $447.52 million
Total Operating Expenses: $503.82 million

How has RealReal revenue changed over the last 2 years?

Over the last 2 years, RealReal's total revenue changed from $603.49 million in 2022 to $600.48 million in 2024, a change of -0.5%.

How much debt does RealReal have?

RealReal's total liabilities were at $830.47 million at the end of 2024, a 10.7% increase from 2023, and a 5.7% increase since 2022.

How much cash does RealReal have?

In the past 2 years, RealReal's cash and equivalents has ranged from $172.21 million in 2024 to $293.79 million in 2022, and is currently $172.21 million as of their latest financial filing in 2024.

How has RealReal's book value per share changed over the last 2 years?

Over the last 2 years, RealReal's book value per share changed from -1.73 in 2022 to -3.71 in 2024, a change of 114.1%.

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This page (NASDAQ:REAL) was last updated on 4/15/2025 by MarketBeat.com Staff

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RealReal (REAL) Financials

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RealReal (REAL) Financials

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