REAL

EX-99.1

2 real-20261029xex991pressre.htm

EX-99.1

Document

Exhibit 99.1

THE REALREAL ANNOUNCES THIRD QUARTER 2026 RESULTS

Third Quarter Delivers Record Revenue, GMV and Orders as Active Buyer Growth Accelerates and Margins Expand; Company Raises Full Year Outlook

SAN FRANCISCO, October 29, 2026 - The RealReal, Inc. (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today reported financial results for its third quarter ended September 30, 2026. Third quarter 2026 gross merchandise value (GMV) and total revenue increased 23% and 19% compared to the third quarter of 2025, respectively. Consignment revenue grew 18% compared to the prior year period, and Direct Revenue grew 19% year-over-year in the third quarter. During the quarter, gross margin of 74.9% improved 64 basis points compared to the same period in 2025. Third quarter Adjusted EBITDA margin was 8.3%, an increase of 290 basis points versus the prior year period.

"Q3 was another record quarter for The RealReal, with quarterly all-time highs in GMV, revenue and orders, with our strongest quarterly order growth since 2022, up 15% versus last year,” said Rati Levesque, CEO of The RealReal. “Alongside that growth we expanded adjusted EBITDA margin by 290 basis points, and earlier this month we completed a key refinancing extending our debt maturity profile and positioning the business to continue deleveraging in the years ahead.”

Levesque continued, “Underlying those results is a fundamental change in how people shop for luxury fashion, and our purpose-built platform is helping to drive it. Customers increasingly start their journey with us and engage well beyond the transaction, to discover what to buy, to track what they own, and to decide when to sell. That is the new operating system for luxury fashion ownership, and that is what we are building. Our performance this quarter reinforces our conviction in the direction of the business and our ability to execute, and we are raising our full-year outlook."

Third Quarter Highlights

•GMV was $642 million, an increase of 23% compared to the same period in 2025

•Total Revenue was $206 million, an increase of 19% compared to the same period in 2025

•Gross Profit was $154 million, an increase of $25 million compared to the same period in 2025

•Gross Margin was 74.9%, an increase of 64 basis points compared to the same period in 2025

•Net Income (Loss) was $16 million or 7.8% of total revenue, compared to $(54) million or (31.1)% of total revenue in the same period in 2025. Third Quarter 2026 Net Income includes a $21.2 million non-cash adjustment as a result of the change in fair value of warrant liability.

•Adjusted EBITDA was $17.0 million or 8.3% of total revenue compared to $9.3 million or 5.4% of total revenue in the same period in 2025

•GAAP basic net income (loss) per share was $0.13 compared to $(0.47) in the prior year period and GAAP diluted net loss per share was $(0.04) compared to $(0.49) in the prior year period

•Non-GAAP basic and diluted net income (loss) attributable to common stockholders per share was $0.02 compared to $(0.04) in the prior year period

•Top-line-related Metrics

◦Trailing twelve months active buyers was 1,152,000, an increase of 13% compared to the same period in 2025

◦Average order value (AOV) was $629, an increase of 8% versus the same period in 2025

Q4 and Full Year 2026 Guidance

Based on market conditions as of October 29, 2026, we are raising our full year guidance. Additionally, we are providing guidance for fourth quarter 2026 GMV, Total Revenue and Adjusted EBITDA, which is a Non-GAAP financial measure.

We have not reconciled forward-looking Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, because we cannot predict with reasonable certainty the ultimate outcome of certain components of such reconciliations including payroll tax expense on employee stock transactions that are not within our control, or

1

other components that may arise, without unreasonable effort. For these reasons, we are unable to assess the probable significance of the unavailable information, which could materially impact the amount of future net income (loss).

Q4 2026

Full Year 2026

GMV$720 - $735 million $2.585 - $2.600 billion

Total Revenue$218 - $222 million $806 - $810 million

Adjusted EBITDA$27.5 - $29.0 million $71.1 - $72.6 million

Webcast and Conference Call

The RealReal will host a conference call to review the company’s third quarter results beginning at approximately 2:00 p.m. Pacific Time today (5:00 p.m. Eastern Time). A live webcast of the conference call and accompanying materials will be available online at investor.therealreal.com. A replay of the webcast will be available at the same location. To access the conference please register using this link:

https://the-realreal-earnings-call-q3-2026.open-exchange.net/registration.

About The RealReal, Inc.

The RealReal is the worl

EX-99.1

2 real-20260807xex991pressre.htm

EX-99.1

Document

Exhibit 99.1

THE REALREAL ANNOUNCES SECOND QUARTER 2026 RESULTS

Company Raises Full Year Guidance Following Second Quarter Results Above the High End

of Outlook with Record Quarterly GMV and Meaningful Margin Expansion

SAN FRANCISCO, August 6, 2026 -The RealReal, Inc. (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today reported financial results for its second quarter ended June 30, 2026. Second quarter 2026 gross merchandise value (GMV) and total revenue increased 22% and 17% compared to the second quarter of 2025, respectively. Consignment revenue grew 15% compared to the prior year period, and Direct Revenue grew 26% year-over-year in the second quarter. During the quarter, gross margin of 74.4% improved 10 basis points compared to the same period in 2025. Second quarter Adjusted EBITDA margin was 7.0%, an increase of 290 basis points versus the prior year period.

"The RealReal delivered a standout second quarter, with an all-time high quarterly GMV of $617 million, up 22% year-over-year. That marks our fourth consecutive quarter of GMV growth above 20%. Revenue grew 17% and we delivered nearly 300 basis points of Adjusted EBITDA margin expansion versus last year," said Rati Levesque, Chief Executive Officer of The RealReal. "We’re upleveling the customer experience, deepening trust and compounding our advantages. Our buyers are spending more, our sellers are more engaged, and the platform connecting them gets smarter every quarter."

Levesque continued, "Entering the year, we said 2026 would be the year our advantages begin to compound, and we're delivering on that commitment. Given the continued strength in our supply trends and the durability of our growth, we are confidently raising our full-year outlook. We are entering the second half of the year from a position of strength, with a flywheel that is gaining real momentum."

Second Quarter Highlights

•GMV was $617 million, an increase of 22% compared to the same period in 2025

•Total Revenue was $193 million, an increase of 17% compared to the same period in 2025

•Gross Profit was $143 million, an increase of $21 million compared to the same period in 2025

•Gross Margin was 74.4%, an increase of 10 basis points compared to the same period in 2025

•Net Loss was $(27) million or (14.1)% of total revenue, compared to $(11) million or (6.9)% of total revenue in the same period in 2025. Second Quarter 2026 Net Loss includes a $(18.6) million non-cash adjustment as a result of the change in fair value of warrant liability.

•Adjusted EBITDA was $13.5 million or 7.0% of total revenue compared to $6.8 million or 4.1% of total revenue in the same period in 2025

•GAAP basic net loss per share was $(0.23) compared to $(0.10) in the prior year period and GAAP diluted net loss per share was $(0.23) compared to $(0.13) in the prior year period

•Non-GAAP basic and diluted net loss attributable to common stockholders per share was $(0.01) compared to $(0.06) in the prior year period

•Top-line-related Metrics

◦Trailing twelve months active buyers was 1,107,000, an increase of 11% compared to the same period in 2025

◦Average order value (AOV) was $659, an increase of 13% versus the same period in 2025

Q3 and Full Year 2026 Guidance

Based on market conditions as of August 6, 2026, we are raising our full year guidance. Additionally, we are providing guidance for third quarter 2026 GMV, Total Revenue and Adjusted EBITDA, which is a Non-GAAP financial measure.

We have not reconciled forward-looking Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, because we cannot predict with reasonable certainty the ultimate outcome of certain components of

1

such reconciliations including payroll tax expense on employee stock transactions that are not within our control, or other components that may arise, without unreasonable effort. For these reasons, we are unable to assess the probable significance of the unavailable information, which could materially impact the amount of future net income (loss).

Q3 2026

Full Year 2026

GMV$610 - $620 million $2.535 - $2.565 billion

Total Revenue$194 - $198 million $788 - $797 million

Adjusted EBITDA$13.5 - $14.5 million $66.0 - $69.0 million

Webcast and Conference Call

The RealReal will host a conference call to review the company’s second quarter results beginning at approximately 2:00 p.m. Pacific Time today (5:00 p.m. Eastern Time). A live webcast of the conference call and accompanying materials will be available online at investor.therealreal.com. A replay of the webcast will be available at the same location. To access the conference please register using this link:

https://the-realreal-earnings-call-q2-2026.open-exchange.net/registration.

About The RealReal, Inc.

The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, trusted by mo

EX-99.1

2 real-20260507xex991pressre.htm

EX-99.1

Document

Exhibit 99.1

THE REALREAL ANNOUNCES FIRST QUARTER 2026 RESULTS

Company delivered strong topline growth, improved operating cash flow,

and accelerated growth in trailing-12 month Active Buyers

SAN FRANCISCO, May 7, 2026 -The RealReal, Inc. (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today reported financial results for its first quarter ended March 31, 2026. First quarter 2026 gross merchandise value (GMV) and total revenue increased 24% and 19% respectively, compared to the first quarter of 2025. Consignment revenue grew 18% compared to the prior year period, and Direct Revenue grew 26% year-over-year in the first quarter. First quarter Adjusted EBITDA improved $9 million compared to the first quarter of 2025.

“In Q1, we delivered another quarter of growth along with Adjusted EBITDA margin expansion as our financial results exceeded expectations: GMV was up 24% and adjusted EBITDA margin expanded over 400 basis points. The strength of our platform — our customer relationships, our data, our brand, and our scale — was on display in the first quarter,” said Rati Levesque, President and Chief Executive Officer of The RealReal.

Levesque continued, "Through disciplined execution of our three strategic pillars, unlocking supply through our growth playbook, obsessing over service, and operational excellence, we are extending our leadership position in the growing luxury resale market. Our buyer growth, led by Gen Z and Millennials, reinforces that resale is a core component of the future of luxury. We are solidifying The RealReal as the operating system for luxury ownership.”

First Quarter Highlights

•GMV was $606 million, an increase of 24% compared to the same period in 2025

•Total Revenue was $190 million, an increase of 19% compared to the same period in 2025

•Gross Profit was $141 million, an increase of $21 million compared to the same period in 2025

•Gross Margin was 74.5%, a decrease of 50 basis points compared to the same period in 2025

•Net Income was $39 million or 20.5% of total revenue, compared to $62 million or 39.0% of total revenue in the same period in 2025

•Adjusted EBITDA was $13.1 million or 6.9% of total revenue compared to $4.1 million or 2.6% of total revenue in the same period in 2025

•GAAP basic net income (loss) per share was $0.33 compared to $0.56 in the prior year period and GAAP diluted net loss per share was $(0.07) compared to $(0.14) in the prior year period

•Non-GAAP basic and diluted net loss attributable to common shareholders per share was $(0.01) compared to $(0.08) in the prior year period

•Top-line-related Metrics

▪Trailing twelve months active buyer count was 1,083,000, an increase of 10% compared to the same period in 2025

▪Average order value (AOV) was $646, an increase of 15% versus the same period in 2025

Q2 and Full Year 2026 Guidance

Based on market conditions as of May 7, 2026, we are increasing our full year guidance. Additionally, we are providing guidance for second quarter 2026 GMV, Total Revenue and Adjusted EBITDA, which is a Non-GAAP financial measure.

We have not reconciled forward-looking Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, because we cannot predict with reasonable certainty the ultimate outcome of certain components of such reconciliations, including payroll tax expense on employee stock transactions, that are not within our control, or other components that may arise, without unreasonable effort. For these reasons, we are unable to assess the probable significance of the unavailable information, which could materially impact the amount of future net income (loss).

1

Q2 2026

Full Year 2026

GMV$590 - $600 million$2.42 - $2.47 billion

Total Revenue$186 - $189 million$770 - $784 million

Adjusted EBITDA$11.0 - $12.0 million$59 - $67 million

Webcast and Conference Call

The RealReal will host a conference call to review the company’s first quarter results beginning at approximately 2:00 p.m. Pacific Time today (5:00 p.m. Eastern Time). A live webcast of the conference call and accompanying materials will be available online at investor.therealreal.com. A replay of the webcast will be available at the same location. To access the conference call by phone, participants will need to register to obtain a dial-in phone number and an access code. Please register using this link:

https://the-realreal-earnings-call-q1-2026.open-exchange.net/registration.

About The RealReal, Inc.

The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, trusted by more than 40 million members. Our full-service consignment model—offering virtual appointments, in-home pickup, drop-off, and direct shipping—enables consumers to buy and sell luxury across fashion, fine jewelry and watches, art, and home categories with ease. The company combines a rigorous, expert-led aut