The RealReal, Inc. operates an online marketplace for authenticated resale luxury goods, connecting consignors and buyers through a full-service consignment model. Company news commonly covers gross merchandise value, revenue, consignment and direct revenue trends, Adjusted EBITDA, operating cash flow, and active buyer activity across its luxury resale platform.
Updates also address The RealReal's authentication process, proprietary technology for pricing and processing, service options such as virtual appointments, in-home pickup, drop-off and direct shipping, and categories including fashion, fine jewelry, watches, art and home. Additional recurring developments include retail location activity, brand and content initiatives, investor conference participation, and board or executive leadership changes.
The RealReal (REAL) reported third-quarter 2026 revenue of $206 million, up 19% year over year, and raised its full-year outlook. Gross merchandise value (GMV) rose 23% to $642 million, while orders increased 15%. Gross margin reached 74.9%, up 64 basis points.
Net income was $16 million versus a $54 million loss, including a $21.2 million non-cash warrant valuation adjustment. Diluted loss per share narrowed to $0.04 from $0.49. Adjusted EBITDA, a non-GAAP profit measure, reached $17.0 million versus $9.3 million.
The company expects full-year revenue of $806–$810 million and adjusted EBITDA of $71.1–$72.6 million; fourth-quarter guidance is $218–$222 million and $27.5–$29.0 million, respectively. A refinancing completed in October extended debt maturities. Cash and equivalents fell to $130.405 million from $151.231 million at year-end, while nine-month operating cash flow turned positive.
The RealReal (Nasdaq: REAL) has appointed Alexis Hoopes as Chief Merchandising Officer to lead the company's merchandising strategy.
Hoopes joins from eBay, where she led its $10 billion global fashion business as Vice President and General Manager of Global Fashion. Her remit at The RealReal includes strengthening the luxury assortment and enhancing personalized product discovery, with a focus on growth opportunities through technology and data. She previously held leadership roles at Mattel and spent nearly 15 years at Nordstrom.
Deckers Brands (DECK) appointed Rati Sahi Levesque to its Board of Directors, effective December 1, 2026, as Lauri Shanahan retires. Levesque is President, Chief Executive Officer and a director of The RealReal and will serve on Deckers’ Audit & Risk Management Committee. In connection with Shanahan’s retirement, Patrick J. Grismer will join the Corporate Responsibility, Sustainability & Governance Committee.
The RealReal (REAL) entered a credit agreement for a $150 million senior secured term loan to refinance its outstanding 2029 notes. The agreement also provides a $25 million revolving credit facility, expected to be undrawn at closing. Funds managed by Fortress Investment Group affiliates will fund both facilities. Term-loan funding and redemption of the 2029 notes at par are expected on or about October 19, 2026.
The facilities mature in October 2033, subject to a springing maturity condition, and initially charge SOFR plus 5.75%, payable entirely in cash with leverage-based pricing. The company expects approximately $4 million less annual total interest expense in the first year versus the notes' 13.00% combined cash and payment-in-kind interest rate. It targets reducing total leverage to $150 million in the medium term and Adjusted EBITDA margins of 15–20%.
The RealReal (Nasdaq: REAL) will release its third-quarter 2026 financial results after the market closes on October 29, 2026.
The quarter ended September 30, 2026. A conference call will follow at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and subsequent archive will be available at investor.therealreal.com.
The RealReal (NASDAQ: REAL) is expanding its Ask TRR AI shopping agent to all 45 million members following a pilot. Built with Google Cloud's Gemini Enterprise for Customer Experience, the agent lets shoppers use natural-language questions to explore the retailer's changing luxury resale assortment. Recommendations are designed around shoppers' intent and preferences rather than exact designer names or keywords. The company also plans to add AI-driven recommendations to product description pages.
The RealReal (REAL) will open its first Massachusetts store at The Street Chestnut Hill on October 15, 2026.
The 1,800 sq. ft. location at 27 Boylston Street, Suite 205, brings full-service luxury consignment, expert valuations and curated authenticated resale across fashion, handbags, fine jewelry, watches and accessories to Greater Boston. The store offers personalized consignment consultations, private luxury appointments and a continually refreshed assortment from brands such as Chanel, Hermès, Louis Vuitton, Dior, Gucci, Cartier and Rolex.
For Q2 2026, The RealReal reported record quarterly gross merchandise value of $617 million, up 22% year over year, with trailing-12-month active buyers up 11% and average order value up 13%.
The RealReal (REAL) will open a new Los Angeles-area store at 230 S Brand Blvd in Glendale, California, on October 1, 2026. The location expands the company’s Southern California footprint, joining existing stores in Los Angeles (Melrose, Brentwood) and Newport Beach. Customers will be able to consign and shop authenticated luxury across fashion, handbags, fine jewelry, watches and accessories, with services including one-on-one consignment consultations, expert valuations, curated assortments and private luxury appointments.
The company links the opening to rising demand for resale, noting record Q2 2026 gross merchandise value of $617 million, up 22% year over year, and an 11% increase in trailing-twelve-month active buyers.
The RealReal (NASDAQ: REAL) released its 2026 Resale Report, “The (R)evolution of Resale,” drawing on 15 years of proprietary data from more than 50 million luxury items sold and a community of 44 million members. The report outlines how resale is influencing what consumers buy, value and consider luxury.
Key findings include a 432% rise in vintage demand on The RealReal since 2020, a 135% year-over-year increase in decade-specific saved searches, and a 93% jump in searches for 2000s fashion. Nostalgia-driven searches for specific designer eras surged up to 650%, while brand and city-level patterns highlight how luxury demand varies locally. The report also notes that 93% of Americans shop online for secondhand items, citing a March 2026 Capital One Shopping Report.
The RealReal (Nasdaq: REAL) reported strong second quarter 2026 growth and raised its full-year outlook. For the quarter ended June 30, 2026, GMV reached a record $617 million, up 22% year-over-year, and total revenue was $193 million, up 17%. Consignment revenue rose 15% and direct revenue 26% versus 2025. Gross profit increased by $21 million to $143 million, with gross margin at 74.4% (up 10 bps). Adjusted EBITDA was $13.5 million, a 7.0% margin, compared to $6.8 million and 4.1% a year earlier. The company reported a GAAP net loss of $(27) million, or (14.1)% of revenue, including a non-cash $(18.6) million warrant liability adjustment. Trailing twelve months active buyers grew 11% to 1.107 million and AOV increased 13% to $659. For Q3 2026, guidance calls for GMV of $610–$620 million, revenue of $194–$198 million, and Adjusted EBITDA of $13.5–$14.5 million; full-year 2026 guidance is GMV of $2.535–$2.565 billion, revenue of $788–$797 million, and Adjusted EBITDA of $66–$69 million.