Short answer
TheRealReal, Inc. (REAL) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $193M (up 16.6% year over year) with net income of −$27M.
Q2 2026 key financials · XBRL
- Revenue
- $193M
- +16.6% YoY · +1.5% QoQ
- Net income
- −$27M
- −139.6% YoY · −169.9% QoQ
- Operating margin
- -1.2%
- Gross margin
- 74.4%
- EPS (diluted)
- −$0.06
- +53.8% YoY · +14.3% QoQ
Source: XBRL data from the TheRealReal, Inc. (REAL) Q2 2026 10-Q on SEC EDGAR. USD.
TheRealReal, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $192.571M, up 17% YoY from $165.188M
- Gross margin 74% vs 75% YoY; net margin (16%) vs (5%)
- Direct revenue best performer, $25.787M, up 26% YoY
- Take rate 35.9% vs 37.9%; consignment revenue gross margin down 15 basis points
- Adjusted EBITDA $13.532M vs $6.839M; operations and technology investment expected to continue
Risk Factors
- Newly emphasized tariff and global-trade-policy exposure, with potential effects on luxury consumer discretionary spending
- Profitability risk, with net income $11.7 million for six months ended June 30, 2026 versus accumulated deficit of $1,283.9 million
- Regulatory risk from personal-information processing, including potential fines, penalties, or operational restrictions for noncompliance
- Near-term demand risk from inflation, interest rates, geopolitical instability, and weaker luxury purchase activity
- Liquidity risk from potential additional financing needs and debt covenants that may restrict capital raising
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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