REAL TheRealReal, Inc.

company

SEC Filings & Insider Trading Activity 2026

Business Overview

• • Core business model: Online marketplace for authenticated resale luxury goods with end-to-end consignment services worldwide
• • Emphasized multi-channel retail with neighborhood stores (1,800-3,500 sq ft) and flagship stores (8,000-10,000 sq ft) to enhance customer and consignor engagement
• • Strategic focus on technology, automation, proprietary data to drive operational efficiency and growth via network effects between consignors and buyers
• • Network effect creates flywheel; high-quality supply attracts buyers, boosting sales velocity and consignor commissions
• • Retail stores drive increased average order value, lifetime value, lower return rates, and accelerated brand awareness in 2026 filing year

Risk Factors

• • Regulatory risk: Compliance with data privacy laws affecting personal information processing, including potential fines and governmental enforcement actions
• • Macroeconomic threat: Exposure to reduced consumer discretionary spending due to inflation, recessions, and geopolitical instability from Russia-Ukraine and Israel-Hamas conflicts
• • Operational vulnerability: Dependence on specialized sales professionals to secure consignor supply amid intense employee competition and turnover risks
• • Competitive risk: Challenges from national retailers setting competitive prices on new luxury goods, impacting the resale value proposition
• • Financial risk: Large accumulated deficit of $1,295.6 million as of December 31, 2025, with net losses of $41.8 million in 2025 signaling ongoing profitability challenges

Management Discussion & Analysis

• • Revenue not explicitly stated; net loss improved to $41.8M in 2025 from $134.2M in 2024 and $168.5M in 2023
• • Adjusted EBITDA $42.1M in 2025 vs $9.3M in 2024 and ($55.2M) in 2023, indicating profitability improvement
• • Operating segment performance not detailed by revenue; primary cash uses include operating lease obligations, compensation, marketing
• • Net cash from operating activities $37.0M in 2025 vs $26.8M in 2024; investing cash outflows $29.2M including $18.6M capex and $12.9M software; financing outflows $28.9M mainly debt repayment
• • Management highlights convertible note exchanges reducing debt burden with gains on extinguishment $40.8M in 2025; key risks include lease and debt obligations of $281.3M and $213.6M respectively, and warrant fair value volatility impacting earnings

What are the latest REAL SEC filings in 2026?

TheRealReal, Inc. (REAL) has filed a 10-K annual report on February 26, 2026, a 10-Q quarterly report on May 7, 2026, an 8-K current report on June 12, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did REAL file its most recent 10-K annual report?

TheRealReal, Inc. (REAL) filed its most recent 10-K annual report on February 26, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view REAL 10-Q quarterly reports?

TheRealReal, Inc. (REAL)'s most recent 10-Q quarterly report was filed on May 7, 2026. SignalX displays every REAL 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has REAL filed recently?

TheRealReal, Inc. (REAL)'s most recent 8-K was filed on June 12, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find REAL insider trading activity (Form 4)?

SignalX aggregates every REAL Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does REAL file with the SEC?

TheRealReal, Inc. (REAL) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new REAL filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for TheRealReal, Inc. (REAL).

What is REAL's SEC CIK number?

TheRealReal, Inc. (REAL)'s SEC CIK (Central Index Key) number is 1573221. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 1573221 to look up all REAL filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find REAL return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from TheRealReal, Inc. (REAL) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.