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.
TheRealReal, Inc. (REAL) reported a large insider stock sale by director Gilbert L. Baird III, acting through investment entities affiliated with GreyLion Partners. On 11/17/2025, the reporting person sold 7,686,442 shares of TheRealReal common stock in a single block trade at $13.21 per share under Rule 144. After this transaction, the form states that the reporting person beneficially owned 0 shares indirectly through Grey Lion, indicating a full exit of this reported position.
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 reported Q3 2025 results, with total revenue of $173.6 million, up from $147.8 million a year ago. Gross profit was $128.9 million. Loss from operations narrowed to $7.6 million from $14.6 million, but the company recorded a net loss of $54.1 million, driven largely by a $43.9 million non-cash increase in the fair value of warrant liabilities.
For the first nine months, revenue reached $498.8 million and net loss was $3.0 million, reflecting a $40.8 million year-to-date gain on debt extinguishment. Cash and cash equivalents were $108.4 million as of September 30, 2025, compared with $172.2 million at December 31, 2024. Principal debt outstanding includes $48.2 million of 2028 convertible notes, $143.8 million of 2029 senior secured notes, and $190.1 million of 2031 convertible notes. Shares outstanding were 116,682,847 as of November 5, 2025.
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.
TheRealReal, Inc. (REAL) reported a director equity award. On 10/22/2025, a director acquired 11,900 shares via a restricted stock unit grant at $0. Following the transaction, 11,900 shares were beneficially owned, held directly.
The RSUs vest on the earlier of the first anniversary of the grant date or the date immediately preceding the next annual meeting of stockholders, subject to the non-employee director’s continued service through the vesting date.
TheRealReal, Inc. disclosure shows that Woodson-related reporting persons collectively hold 3,500,000 shares of Class A common stock, representing 3.04% of the class. The filing allocates voting and dispositive power among entities: shared voting and dispositive power over 3,500,000 shares for Woodson Capital Management, GP entities, and sole voting/dispositive power of 3,500,000 shares for individual James W. Davis. The reporting group includes a Cayman Islands fund (Woodson Capital Master Fund, LP) holding 3,237,500 shares (2.81%). The statement certifies the holdings are not intended to influence control of the issuer. The filing date for the reporting event is 09/10/2025 and signatures were provided on 10/10/2025.
Karen Katz, a director of TheRealReal, Inc. (REAL), was granted 1,528 deferred restricted stock units (DRSUs) on 09/30/2025 that are fully vested and will be settled in shares upon separation or an elected date. Each DRSU equals one share of common stock and the reported transaction shows 1,528 shares issued at $0, bringing the reporting person’s beneficial ownership to 235,260 shares. The grant was made under TheRealReal, Inc. 2019 Equity Incentive Plan and the DRSUs are deferred rather than immediately issued as shares.
The filing is a routine director equity grant disclosure under Section 16 and does not include derivative transactions or cash-paid purchases. The form indicates one reporting person and is signed on behalf of the reporting person on 10/01/2025.
Niki Leondakis, a director of TheRealReal, Inc. (REAL), was granted 823 deferred restricted stock units (DRSUs) on 09/30/2025 that are fully vested and carry the economic equivalent of one common share each. The reported transaction shows these DRSUs have a $0 acquisition price and will be settled into shares upon the director's separation from service or on a later date elected by the director. After this grant, the reporting person beneficially owns 206,935 shares of common stock. The award was made under TheRealReal, Inc. 2019 Equity Incentive Plan and the DRSUs are deferred rather than immediately issued as shares.
The RealReal CEO Rati Sahi Levesque reported the disposition of 101,830 shares of company common stock on 08/20/2025 at a price of $7.64 per share to satisfy tax withholding tied to the vesting of an equity award. After these automated withholdings, the reporting person beneficially owned 1,701,214 shares. The transactions were reported on a Form 4 and executed in multiple sell events that reduced the held position incrementally; the filings indicate the sales were automatic with the stated purpose of covering taxes on vested awards.
The RealReal, Inc. officer Luke Friang reported disposition of vested shares to satisfy withholding taxes related to an equity award. The filing shows three dispositions totaling 19,538 shares sold at $7.64 per share, leaving the reporting person with 517,884 shares of common stock beneficially owned after the transactions. The report identifies the reporting person as the company’s Chief Product & Tech Officer. The filing explains the sales were automatic transfers to cover tax withholding arising from the vesting of an equity award.