RealReal (REAL) Stock Overview
Operates an online marketplace for resale luxury goods worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
REAL Community Fair Values
Create NarrativeSee what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
The RealReal, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$12.30 |
| 52 Week High | US$17.39 |
| 52 Week Low | US$6.44 |
| Beta | 2.74 |
| 1 Month Change | 16.04% |
| 3 Month Change | 23.37% |
| 1 Year Change | 92.19% |
| 3 Year Change | 371.26% |
| 5 Year Change | -7.80% |
| Change since IPO | -57.44% |
Recent News & Updates
Narrative Update • Aug 08
REAL: AI Efficiency Gains Will Likely Support Higher Future Earnings Multiple
Analysts have nudged RealReal's fair value estimate from $13.00 to $15.00, reflecting updated assumptions for revenue growth, profit margins, and a slightly different forward P/E outlook. What’s in the News for RealReal The RealReal reports second quarter 2026 GMV of $617 million, up 22% year over year, with revenue up 17% and first half 2026 revenue of $382.3 million supported by more than 20% GMV growth for the fourth consecutive quarter.Seeking Alpha • Aug 07
TheRealReal: GMV Strength As Supply Broadens
Summary TheRealReal delivered strong Q2 results with GMV growth exceeding 20% and raised full-year guidance. REAL's shift to a consignment-only model has driven gross margins to the mid-70s and enabled capital-light expansion. Physical store expansion in premium U.S. cities is enhancing brand prestige and hybrid retail presence. Adjusted EBITDA is rapidly improving, supported by economies of scale and AI-driven workflow automation. Read the full article on Seeking AlphaRecent updates
Narrative Update • Aug 08
REAL: AI Efficiency Gains Will Likely Support Higher Future Earnings Multiple
Analysts have nudged RealReal's fair value estimate from $13.00 to $15.00, reflecting updated assumptions for revenue growth, profit margins, and a slightly different forward P/E outlook. What’s in the News for RealReal The RealReal reports second quarter 2026 GMV of $617 million, up 22% year over year, with revenue up 17% and first half 2026 revenue of $382.3 million supported by more than 20% GMV growth for the fourth consecutive quarter.Seeking Alpha • Aug 07
TheRealReal: GMV Strength As Supply Broadens
Summary TheRealReal delivered strong Q2 results with GMV growth exceeding 20% and raised full-year guidance. REAL's shift to a consignment-only model has driven gross margins to the mid-70s and enabled capital-light expansion. Physical store expansion in premium U.S. cities is enhancing brand prestige and hybrid retail presence. Adjusted EBITDA is rapidly improving, supported by economies of scale and AI-driven workflow automation. Read the full article on Seeking AlphaNarrative Update • Jul 07
REAL: Future Earnings Multiple Will Likely Remain High On 2026 Profitability Progress
Analysts have lowered their price target on RealReal to $13.00 from $15.00 as they adjust assumptions around revenue growth, profitability, discount rates, and future P/E expectations. What’s in the News for RealReal RealReal issued full year 2026 earnings guidance, with expected total revenue in a range of US$770 million to US$784 million.
Narrative Update • Jun 23
REAL: Circular Luxury Resale Scale And Margin Gains Will Drive Future Upside
Analysts reaffirm their $20.00 price target on RealReal, citing updated assumptions that include a slightly lower discount rate, modestly higher revenue growth and profit margin expectations, and a reduced future P/E estimate. What’s in the News for RealReal The RealReal is featured alongside RH as a leading luxury consumer stock in 2026, with the company positioned as a key player in authenticated luxury resale and a member base cited at more than 40 million, particularly among younger consumers.Narrative Update • Jun 05
REAL: Automation And Margin Gains Will Support Future Upside Potential
Analysts maintained their $20.00 price target for The RealReal, citing relatively unchanged growth assumptions, a small adjustment to the discount rate, a slightly higher profit margin outlook, and a lower future P/E assumption that together continue to support their current valuation view. What's in the News BTIG reiterated its Buy rating and maintained a $17 price target on The RealReal after a tour of the Perth Amboy authentication facility, highlighting the planned Auto Store system that is expected to increase storage capacity by 35% and support operational efficiency gains.
Narrative Update • May 19
REAL: Reopened Flagship And Updated 2026 Outlook Will Support Future Upside
Analysts have trimmed their price target on The RealReal from $18.19 to $17.25, citing slightly lower fair value estimates, modestly softer revenue growth and profit margin assumptions, and a small adjustment to the expected future P/E multiple. What's in the News The RealReal updated full year 2026 revenue guidance to a range of US$770 million to US$784 million, reflecting new assumptions as of May 7, 2026 (company guidance).Narrative Update • May 02
REAL: Reopened Flagship And Steady Assumptions Will Support Future Upside
Analysts kept RealReal's price target steady at $18.19, noting only minor model adjustments to the discount rate, revenue growth, profit margin, and forward P/E assumptions rather than a major change in their overall view. What's in the News The RealReal issued earnings guidance for the first quarter of 2026, with expected total revenue in a range of $185 million to $189 million.Narrative Update • Apr 16
REAL: Reimagined Flagship And Margin Outlook Will Support Future Upside
Analysts have maintained their RealReal fair value target at $20.00, citing slightly revised assumptions for the discount rate, revenue growth, profit margin, and future P/E as the basis for this unchanged assessment. What's in the News RealReal issued earnings guidance for Q1 2026, with expected total revenue in a range of $185 million to $189 million, based on market conditions as of February 26, 2026 (Key Developments).Narrative Update • Apr 02
REAL: Reopened Flagship And Steady Assumptions Will Support Future Upside
Analysts kept their price target for The RealReal steady at $18.19, pointing to largely unchanged assumptions around revenue growth, profit margin and a future P/E near 86.8, with only a slight adjustment to the discount rate. What's in the News The RealReal issued earnings guidance for Q1 2026, with expected total revenue in a range of $185 million to $189 million, based on market conditions as of February 26, 2026 (company guidance).Narrative Update • Mar 19
REAL: Reimagined Flagship And Richer Future P/E Will Support Measured Upside
Analysts now see higher upside for RealReal, lifting their price target proxy from about $15.13 to $18.19 as they factor in a richer future P/E of roughly 86.63x, along with slightly adjusted assumptions for growth, margins and discount rate. What's in the News Issued earnings guidance for Q1 2026, with expected total revenue in a range of US$185 million to US$189 million, based on market conditions as of February 26, 2026 (company guidance).Narrative Update • Mar 05
REAL: Reimagined Flagship And Improved Margins Will Support Future Upside
Analysts have kept their $20.00 price target on RealReal unchanged, citing slightly lower modeled revenue growth, a modestly improved profit margin outlook, and a reduced future P/E assumption. Together, these factors support maintaining the prior valuation level.Analysis Article • Feb 12
The RealReal, Inc.'s (NASDAQ:REAL) Share Price Is Still Matching Investor Opinion Despite 29% Slump
The RealReal, Inc. ( NASDAQ:REAL ) shareholders won't be pleased to see that the share price has had a very rough...Narrative Update • Feb 04
REAL: Future Earnings Multiple Will Likely Remain High But Appear Reasonable
Analysts have raised their price target on RealReal from US$14.00 to US$15.00, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E that slightly adjust their valuation framework. What's in the News The RealReal issued earnings guidance for the fourth quarter of 2025, calling for total revenue of US$188 million to US$191 million (company guidance).Narrative Update • Jan 21
REAL: Updated Earnings Guidance And Lower Discount Rate Will Support Upside
Analysts have raised their fair value estimate for The RealReal from $18.00 to $20.00, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E that, in their view, change the balance of risks and potential rewards in their models. What's in the News The RealReal issued earnings guidance for the fourth quarter of 2025, projecting total revenue in a range of US$188 million to US$191 million (company guidance).Narrative Update • Jan 07
REAL: Future Earnings Multiple Will Likely Prove Unsustainably High
Analysts have raised their price target on The RealReal to US$14.00, up from US$2.40. They cite updated assumptions that include slightly lower discount rates, modestly higher revenue growth and profit margins, and a significantly higher future P/E multiple.Narrative Update • Dec 15
REAL: Rising Margins And Earnings Outlook Will Likely Drive Shares Higher
Analysts have increased their price target on The RealReal from 14.90 dollars to 18.00 dollars, citing expectations for faster revenue growth, a sharp improvement in profit margins, and a more reasonable future earnings multiple. What's in the News The RealReal issued new earnings guidance for the fourth quarter of 2025, forecasting total revenue between 188 million dollars and 191 million dollars (company guidance).Analysis Article • Dec 07
The RealReal, Inc.'s (NASDAQ:REAL) P/S Is Still On The Mark Following 27% Share Price Bounce
The RealReal, Inc. ( NASDAQ:REAL ) shares have continued their recent momentum with a 27% gain in the last month alone...Narrative Update • Dec 01
REAL: Future Revenue And Margins Will Support Measured Upside Amid Stable Outlook
Analysts have revised their price target for RealReal to $15.13, holding steady from the prior estimate. Modest adjustments to discount rates and valuation multipliers continue to balance expectations for steady growth and profitability.Narrative Update • Nov 16
REAL: Future Revenue Expansion And Profit Margins Will Drive Measured Upside Potential
Analysts have raised their price target for RealReal from $12.14 to $15.13. This reflects updated expectations for stronger revenue growth and improved profitability margins.Narrative Update • Nov 02
REAL: Revenue Outlook Improvement And Lower Risk Will Support Steady Market Performance
Analysts have raised their price target for RealReal from $10.83 to $12.14. They cite improved revenue growth prospects and a lower discount rate as key factors supporting their updated outlook.Analysis Article • Oct 09
Investors Appear Satisfied With The RealReal, Inc.'s (NASDAQ:REAL) Prospects As Shares Rocket 27%
The RealReal, Inc. ( NASDAQ:REAL ) shares have continued their recent momentum with a 27% gain in the last month alone...Narrative Update • Sep 16
Sustainable Luxury Demand And AI Will Drive Operational Efficiency
With a higher future P/E ratio signaling increased growth optimism and a lower discount rate reflecting reduced perceived risk, RealReal’s consensus analyst price target has been revised upward from $10.00 to $10.83. What's in the News Raised full-year 2025 revenue guidance to $667 million–$674 million.Narrative Update • Aug 29
Sustainable Luxury Demand And AI Will Drive Operational Efficiency
The consensus analyst price target for RealReal has increased to $10.00, as a higher future P/E multiple more than offsets reduced revenue growth forecasts. What's in the News Raised full-year 2025 revenue guidance to $667–$674 million.Analysis Article • Aug 10
Analysts Are Updating Their The RealReal, Inc. (NASDAQ:REAL) Estimates After Its Second-Quarter Results
NasdaqGS:REAL 1 Year Share Price vs Fair Value Explore RealReal's Fair Values from the Community and select yours The...Analysis Article • Jul 23
The RealReal, Inc.'s (NASDAQ:REAL) P/S Is Still On The Mark Following 26% Share Price Bounce
The RealReal, Inc. ( NASDAQ:REAL ) shareholders would be excited to see that the share price has had a great month...Analysis Article • May 11
The RealReal, Inc. Beat Analyst Profit Forecasts, And Analysts Have New Estimates
It's been a sad week for The RealReal, Inc. ( NASDAQ:REAL ), who've watched their investment drop 18% to US$5.05 in the...Analysis Article • May 09
After Leaping 48% The RealReal, Inc. (NASDAQ:REAL) Shares Are Not Flying Under The Radar
Those holding The RealReal, Inc. ( NASDAQ:REAL ) shares would be relieved that the share price has rebounded 48% in the...
New Narrative • Mar 25
I Expect AI Integration And Optimized Processes Will Boost Efficiency
RealReal is boosting revenue growth by optimizing sales, refining marketing strategies, and expanding retail locations to enhance consignor acquisition.Analysis Article • Mar 21
Shareholders Should Be Pleased With The RealReal, Inc.'s (NASDAQ:REAL) Price
The RealReal, Inc.'s ( NASDAQ:REAL ) price-to-sales (or "P/S") ratio of 1.2x may not look like an appealing investment...Analysis Article • Feb 28
The RealReal, Inc.'s (NASDAQ:REAL) Intrinsic Value Is Potentially 46% Above Its Share Price
Key Insights The projected fair value for RealReal is US$9.50 based on 2 Stage Free Cash Flow to Equity Current share...Seeking Alpha • Feb 22
The RealReal: Strong Customer Adds, But The Stock Has Run Too Hot (Rating Downgrade)
Summary I'm downgrading The RealReal to a neutral rating after a sharp rebound rally over the past few months; wait for the stock to fall to ~$4.50-$5.00 before buying back in. The stock's ~15% fall post-Q4 earnings reflects the fact that expectations have run high for The RealReal following its transition to a pure consignment model. Risks include tough macro conditions for luxury goods, especially in China, and significant competition from other consignment platforms and fashion houses. Already trading at ~34x the company's adjusted EBITDA guidance for FY25, the stock is ripe for a further correction. Read the full article on Seeking AlphaSeeking Alpha • Jan 22
TheRealReal: Downgrading To Sell After Recent Rally
Summary Shares of TheRealReal have surged 422% since my initial Hold recommendation. The stock has moved higher due to strong business performance and a valuation re-rating higher. The company's balance sheet remains a significant challenge and interest expense has risen significantly over the past few quarters. I view the stock as overvalued at current levels and rate the stock a Sell. Read the full article on Seeking AlphaShareholder Returns
| REAL | US Specialty Retail | US Market | |
|---|---|---|---|
| 7D | 1.7% | 4.9% | 4.0% |
| 1Y | 92.2% | 5.4% | 20.7% |
Return vs Industry: REAL exceeded the US Specialty Retail industry which returned 5.4% over the past year.
Return vs Market: REAL exceeded the US Market which returned 20.7% over the past year.
Price Volatility
| REAL volatility | |
|---|---|
| REAL Average Weekly Movement | 7.8% |
| Specialty Retail Industry Average Movement | 7.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: REAL has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: REAL's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 3,140 | Rati Levesque | www.therealreal.com |
The RealReal, Inc. operates an online marketplace for resale luxury goods worldwide. It provides a range of product categories, including women’s fashion, men’s fashion, jewelry, and watches. The company sells products through its website, online marketplace, mobile app, and retail stores.
The RealReal, Inc. Fundamentals Summary
| REAL fundamental statistics | |
|---|---|
| Market cap | US$1.48b |
| Earnings (TTM) | -US$81.13m |
| Revenue (TTM) | US$749.91m |
2.0x
P/S Ratio-18.3x
P/E RatioIs REAL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| REAL income statement (TTM) | |
|---|---|
| Revenue | US$749.91m |
| Cost of Revenue | US$191.25m |
| Gross Profit | US$558.66m |
| Other Expenses | US$639.79m |
| Earnings | -US$81.13m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.67 |
| Gross Margin | 74.50% |
| Net Profit Margin | -10.82% |
| Debt/Equity Ratio | -99.5% |
How did REAL perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/09 00:59 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The RealReal, Inc. is covered by 21 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Altschwager | Baird |
| Simeon Siegel | BMO Capital Markets Equity Research |
| Michael McGovern | BofA Global Research |