Welcome to our dedicated page for Therealreal SEC filings (Ticker: REAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The RealReal, Inc. (REAL) files a range of documents with the U.S. Securities and Exchange Commission that shed light on its operations as an online marketplace for authenticated, resale luxury goods. This SEC filings page aggregates those documents so readers can review how the company reports its financial performance, capital structure and key corporate events.
Core periodic reports such as annual reports on Form 10-K and quarterly reports on Form 10-Q (when available) provide detail on revenue streams, including consignment revenue, direct revenue and shipping services revenue, along with discussions of gross merchandise value, margins, net income or loss and non-GAAP measures like Adjusted EBITDA. These filings also contain sections such as “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” which the company cites in its earnings releases.
Current reports on Form 8-K offer more immediate updates on material events. For The RealReal, recent 8-K filings have addressed quarterly earnings announcements, debt exchange transactions involving convertible senior notes, and changes in the composition of the board of directors. These documents also confirm that the company’s common stock, with a par value of $0.00001 per share, is listed on The Nasdaq Global Select Market under the symbol REAL.
On Stock Titan, each REAL filing is paired with AI-powered summaries designed to explain the key points in accessible language. Readers can quickly see what changed in a new 10-K or 10-Q, how a Form 8-K alters the company’s obligations or governance, and where Form 4 insider transaction reports fit into the broader picture. Real-time updates from EDGAR help ensure that new filings appear promptly, while AI-generated highlights make it easier to navigate complex regulatory documents related to The RealReal’s luxury resale business.
The RealReal, Inc. files its annual report describing a large, data-driven marketplace for authenticated, pre-owned luxury goods and related retail stores. The company highlights strong network effects, with over 1 million active buyers in 2025 and more than 80% of gross merchandise value from repeat consignors and buyers.
In 2025, The RealReal reports a net loss of
The RealReal, Inc. reported strong growth for the fourth quarter and full year 2025 while significantly narrowing losses. Full year 2025 gross merchandise value reached $2.13 billion, up 16% year over year, and total revenue rose 15% to $692.8 million.
Net loss for 2025 improved to $41.8 million, or 6.0% of revenue, from $134.2 million, driven in part by a $35.8 million non-cash gain from warrant remeasurement and a $40.8 million gain on debt extinguishment. Adjusted EBITDA increased to $42.1 million, or 6.1% of revenue, and free cash flow turned positive at $5.5 million. In Q4 2025, GMV grew 22% to $615.7 million, revenue rose 18% to $194.1 million, and Adjusted EBITDA nearly doubled to $21.9 million. For 2026, the company guides GMV to $2.39–$2.45 billion, revenue to $765–$780 million, and Adjusted EBITDA to $57–$65 million.
TheRealReal, Inc. Chief Financial Officer Ajay Madan Gopal reported automatic share sales and a new equity grant. On February 23, 2026, he sold a total of 31,381 shares of common stock in open-market transactions at $10.72 per share, with footnotes explaining these shares were automatically sold by TheRealReal, Inc. to cover withholding taxes due upon vesting of an equity award.
On the same date, he acquired 106,181 shares of common stock through a grant of restricted stock units under TheRealReal Inc. 2019 Equity Incentive Plan, at a stated price of $0.00 per share. These restricted stock units will vest in twelve equal quarterly installments from the vesting commencement date. After these transactions, he directly held 1,230,892 shares of TheRealReal, Inc. common stock.
TheRealReal, Inc. Chief Product & Tech Officer Luke Thomas Friang reported both sales and an equity award in company stock. On February 23, 2026, he had a total of 19,609 shares of common stock automatically sold at $10.72 per share to cover withholding taxes due on a vesting equity award. These transactions were coded as open-market sales but were driven by tax obligations rather than discretionary trading.
On the same date, Friang received a grant of 72,203 restricted stock units under TheRealReal, Inc. 2019 Equity Incentive Plan, at a stated price of $0.00 per share. The restricted stock units will vest in twelve equal quarterly installments, and each unit is the economic equivalent of one share of common stock. Following these transactions, his directly held common stock position was reported as 551,859 shares.
TheRealReal, Inc. Chief Legal Officer Todd A. Suko reported multiple open-market sales totaling 45,947 shares of common stock at
On the same date, Suko was granted 63,708 restricted stock units under TheRealReal’s 2019 Equity Incentive Plan. These units vest in twelve equal quarterly installments, and following the reported transactions he directly holds 624,271 shares of common stock.
TheRealReal, Inc. Chief Executive Officer Rati Sahi Levesque reported a mix of tax-related stock sales and a new equity award. On February 23, 2026, she sold a total of 121,399 shares of common stock at $10.72 per share in open-market transactions that the company automatically executed to satisfy withholding taxes due on vesting equity awards, including 50,000 shares from a performance award granted on March 3, 2023.
On the same date, she was granted 179,691 restricted stock units under TheRealReal’s 2019 Equity Incentive Plan. Each unit equals one share of common stock and will vest in twelve equal quarterly installments. Following these transactions, she directly owned 1,662,470 shares of TheRealReal common stock.
TheRealReal, Inc. reported that Chief Accounting Officer Steve Ming Lo had a total of 16,962 shares of common stock automatically sold at
Timothy M. Riley and Angela A. Riley filed Amendment No. 3 to a Schedule 13G reporting their beneficial ownership of common stock of The RealReal, Inc. Following an event dated 01/07/2026, they report beneficial ownership of 5,800,000 shares of common stock, representing 4.9% of the class.
Timothy Riley reports sole voting and dispositive power over 3,850,000 shares and shared power over 50,000 shares. Angela Riley reports sole voting and dispositive power over 1,900,000 shares and shared power over 50,000 shares. They certify the shares were not acquired and are not held for the purpose of changing or influencing control, and they have agreed to file this ownership information jointly.
TheRealReal, Inc. filed Amendment No. 5 to a Schedule 13G/A for its common stock. The filing lists GreyLion Partners LP, GreyLion Partners GP LLC, PWP Growth Equity Fund II LP, PWP Growth Equity Fund II B LP, David Ferguson and Gilbert Baird as reporting persons.
Each reporting person states they beneficially own 0 shares, representing 0% of the common stock, with no sole or shared voting or dispositive power. The filing notes ownership of 5 percent or less of the class, with the reportable event dated December 31, 2025.
FMR LLC and Abigail P. Johnson report beneficial ownership of 12,593,088.90 shares of TheRealReal, Inc. common stock, representing 10.8% of the class as of 12/31/2025. FMR LLC has sole voting power over 12,530,500.86 shares and sole dispositive power over 12,593,088.90 shares. Abigail P. Johnson is reported with sole dispositive power over 12,593,088.90 shares but no voting power. The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of TheRealReal. The filing notes that one or more other persons may receive dividends or sale proceeds, but no such person has more than 5% of the outstanding common stock.