Short answer
TheRealReal, Inc. (REAL) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $190M (up 18.5% year over year) with net income of $39M.
Q1 2026 key financials · XBRL
- Revenue
- $190M
- +18.5% YoY
- Net income
- $39M
- −37.6% YoY
- Operating margin
- -1.2%
- Gross margin
- 74.5%
- EPS (diluted)
- −$0.07
- +50.0% YoY
Source: XBRL data from the TheRealReal, Inc. (REAL) Q1 2026 10-Q on SEC EDGAR. USD.
TheRealReal, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $189.7M, up 18.6% YoY from $160.0M
- Gross margin 74.5% vs 75.0% YoY; operating margin (1.2%) vs (8.0%)
- Direct revenue best growth, $25.8M, up 26%; direct gross margin down 411 basis points
- Consignment revenue $145.9M, up 18%; take rate 36.4% vs 38.6%
Risk Factors
- Net income $38.9 million versus $41.8 million loss in 2025, but accumulated deficit remained $1,256.7 million
- Bank-failure exposure: deposits may exceed the FDIC’s $250,000 insurance limit
- Regulatory compliance: privacy, cookie-tracking, sales-tax, and other violations could trigger fines, license loss, or facility closures
- Consumer discretionary risk: tariffs, inflation, interest rates, and geopolitical instability could reduce luxury resale demand
- Financial risk: additional capital may require dilutive equity financing or debt with restrictive covenants
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other TheRealReal, Inc. quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.