Every 8-K that Therealreal (REAL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow REAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full REAL filings page.
The RealReal, Inc. reported strong growth for the quarter ended June 30, 2026, with gross merchandise value of $617 million, up 22% year over year, and total revenue of $193 million, up 17%. Consignment revenue grew 15% and direct revenue 26% versus the prior-year quarter.
Profitability metrics improved, with gross margin at 74.4% and Adjusted EBITDA of $13.5 million, a 7.0% margin versus 4.1% a year ago, while loss from operations narrowed to $(2.3) million from $(9.9) million. GAAP net loss was $27 million, or 14.1% of revenue, including an $18.6 million non-cash warrant-liability adjustment; non-GAAP net loss per share was $0.01.
Trailing twelve months active buyers rose 11% to 1,107,000 and average order value increased 13% to $659. On the back of results above the high end of its outlook, the company raised full-year 2026 guidance, targeting GMV of $2.535 - $2.565 billion and Adjusted EBITDA of $66.0 - $69.0 million.
The RealReal, Inc. reported results of its 2026 annual stockholder meeting, where six proposals were considered. Stockholders elected Class I directors Caretha Coleman, Karen Katz, and Mark McCaffrey to three-year terms.
They ratified KPMG LLP as independent auditor for 2026 and approved, on an advisory basis, compensation for named executive officers. Three management proposals to amend the certificate of incorporation — to phase in board declassification, limit liability of certain officers, and eliminate supermajority voting requirements — all received strong support but did not reach the required supermajority of outstanding shares, so none were approved.
The RealReal, Inc. reported strong first quarter 2026 growth, with gross merchandise value of $606 million, up 24% year over year, and total revenue of $189.7 million, up 19% from the first quarter of 2025. Consignment revenue rose 18% and direct revenue grew 26%, while gross profit increased to $141.3 million.
Adjusted EBITDA improved to $13.1 million, or 6.9% of revenue, compared to $4.1 million, or 2.6%, a year earlier. GAAP net income attributable to common stockholders was $38.9 million, or $0.33 per basic share, down from $62.4 million, largely reflecting prior-year gains that did not recur. Active buyers over the trailing twelve months increased 10% to 1.083 million, and average order value reached $646, up 15%.
For the second quarter of 2026, the company guides to GMV of $590–$600 million, revenue of $186–$189 million and Adjusted EBITDA of $11–$12 million. Full-year 2026 guidance calls for GMV of $2.42–$2.47 billion, revenue of $770–$784 million and Adjusted EBITDA of $59–$67 million.
The RealReal, Inc. is updating its leadership team and Board of Directors. On March 6, 2026, longtime Board member Niki Leondakis resigned, and the company appointed Jennifer McKeehan as a Class II director, with her term running until the 2027 annual stockholder meeting.
McKeehan, currently Chief Operating Officer of Fanatics Commerce at Fanatics, Inc., will also serve on the Board’s Corporate Governance and Nominating Committee. As a non-employee director, she will receive an annual cash retainer of $35,000 and an annual equity award of $165,000 in restricted stock units, subject to standard vesting and pro rata rules.
The company is also strengthening its executive leadership by appointing Tiffany Stevenson as Chief People Officer and Tom Hanrahan as Chief Revenue Officer, adding experience in people strategy, sales and revenue growth from prior roles at leading consumer and technology companies.
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.
The RealReal, Inc. reported that on November 17, 2025, director Gilbert L. (Chip) Baird III resigned from its Board of Directors. Baird is a co-founder and managing partner of GreyLion Partners LP, a pre-IPO investor in the company that sold its shareholding in The RealReal on the same date. He will continue to provide consulting services to the company through June 30, 2026, helping maintain continuity during the transition. Following his resignation, the size of the Board was reduced by one seat and now consists of seven directors.
The RealReal, Inc. (REAL) reported that it issued a press release announcing financial results for the quarter ended September 30, 2025. The press release was furnished as Exhibit 99.1 to a current report.
The company’s common stock trades on the Nasdaq Global Select Market under the symbol REAL. The report identifies November 10, 2025 as the date of the announcement.
The RealReal, Inc. disclosed privately negotiated debt exchange transactions in which holders exchanged $49,478,000 aggregate principal of its 1.00% Convertible Senior Notes due 2028 for $43,394,000 aggregate principal of new 4.00% Convertible Senior Notes due 2031. The exchanges were governed by Exchange Agreements and the new notes are issued under the Indenture dated February 10, 2025, with U.S. Bank Trust Company, National Association as trustee. The company received no cash proceeds from these transactions. The filing incorporates an 8-K dated February 10, 2025, and references a Form of Exchange Agreement dated August 20, 2025, and a press release dated August 21, 2025.