The RealReal, Inc. (REAL) Stock Price & Analysis
The RealReal, Inc. (REAL) closed at USD 10.48 on Thursday, October 22, 2026, down 1.41% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 10.63; the Oct 22, 2026 session ranged USD 10.24–10.74 on volume of 2,936,526 shares. Market capitalization is $1.28B, with a 52-week range of USD 8.05–17.39 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:55 UTC.
Also available as compact Markdown for AI agents: nexqual.com/REAL.md
Key facts (REAL)
- Last four reported quarters (through Jun 30, 2026): revenue $750M, net income -$81.1M (-10.8% margin), free cash flow $36.2M (SEC filings).
- 1 of 80 tracked superinvestors hold REAL (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 10 Form 4 filings, $3.4M; 10 not under a Rule 10b5-1 plan ($3.4M); 0 by opportunistic insiders, 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.22 on a 1–5 scale) (9 analysts), mean target USD 17.75 (range 14–20).
- Total return with dividends: 1Y -13.0% vs S&P 500 +14.9%; 5Y -15.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0, revenue estimate $197M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (REAL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $468M | $603M | $549M | $600M | $693M | $750M |
| Gross profit | $273M | $349M | $376M | $448M | $517M | — |
| Operating income | -$215M | -$189M | -$166M | -$56.5M | -$23.9M | -$5.8M |
| Net income | -$236M | -$196M | -$168M | -$134M | -$41.8M | -$81.1M |
| EPS (diluted) | -$2.58 | -$2.05 | -$1.65 | -$1.24 | -$0.70 | — |
| Free cash flow | -$180M | -$114M | -$90.4M | $12.6M | $18.4M | $36.2M |
| Gross margin | 58.5% | 57.8% | 68.5% | 74.5% | 74.6% | — |
| Operating margin | -46.0% | -31.3% | -30.3% | -9.4% | -3.5% | -0.8% |
| Net margin | -50.5% | -32.6% | -30.7% | -22.3% | -6.0% | -10.8% |
| Revenue growth | +55.9% | +29.0% | -9.0% | +9.3% | +15.4% | — |
| Cash + short-term investments | $418M | — | — | $172M | $151M | — |
| Total debt | $348M | $450M | $452M | $277M | $231M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (REAL)
P/S 1.7x · EV/EBITDA 52.5x · EV/Sales 1.9x · P/FCF 35.2x · FCF yield 2.84% · Earnings yield -6.36% · Net debt $112M · EV $1.39B
Superinvestors (SEC 13F-HR, Q2 2026) (REAL)
1 of 80 tracked investors hold REAL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.05% | $5.9M | Added +123.8% |
Insider sales (SEC Form 4, open-market, last ~7 months) (REAL)
0 of 10 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-21 | Madan Gopal Ajay | Chief Financial Officer | 36,418 | $400K | 3.2% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-21 | Friang Luke Thomas | Chief Product & Tech Officer | 22,028 | $242K | 4.2% | No | Too little history (no open-market trades in 2023) |
| 2026-08-21 | Lo Steve Ming | Chief Accounting Officer | 12,559 | $138K | 6.6% | No | Too little history (no open-market trades in 2023) |
| 2026-08-21 | Suko Todd A | Chief Legal Officer and Secret | 17,567 | $193K | 2.9% | No | Too little history (no open-market trades in 2023) |
| 2026-08-21 | Sahi Levesque Rati | Chief Executive Officer | 84,432 | $927K | 5.3% | No | Routine (sold in Aug each year 2023–2025) |
| 2026-05-21 | Madan Gopal Ajay | Chief Financial Officer | 35,023 | $324K | 3% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-21 | Lo Steve Ming | Chief Accounting Officer | 12,077 | $112K | 6% | No | Too little history (no open-market trades in 2023) |
| 2026-05-21 | Suko Todd A | Chief Legal Officer and Secret | 17,353 | $161K | 2.8% | No | Too little history (no open-market trades in 2023) |
| 2026-05-21 | Friang Luke Thomas | Chief Product & Tech Officer | 21,183 | $196K | 3.8% | No | Too little history (no open-market trades in 2023) |
| 2026-05-21 | Sahi Levesque Rati | Chief Executive Officer | 81,194 | $751K | 4.9% | No | Routine (sold in Aug each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (REAL)
Consensus Buy (mean 2.22 on a 1–5 scale), 9 analysts; mean target USD 17.75 (low 14, high 20).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | UBS | Target lowered | Neutral | $16 → $14 |
| 2026-10-16 | Roth Capital | Reiterated | Buy | $19 |
| 2026-09-17 | BTIG | Reiterated | Buy | $17 |
| 2026-08-07 | UBS | Target raised | Neutral | $14 → $16 |
Total return (dividends reinvested) (REAL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -13.0% | -15.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -13.1% | -3.3% |
| Volatility (annualized) | 69.2% | 91.2% |
| Max drawdown | -52.0% (Jan 2026→Mar 2026) | -93.3% (Nov 2021→Dec 2022) |
REAL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Consignment revenue | $148.2M | 77.0% | +15.2% |
| Direct revenue | $25.8M | 13.4% | +25.8% |
| Shipping services revenue | $18.6M | 9.6% | +15.5% |
| Total revenue | $192.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
REAL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Wayfair Inc. (W) | “Wayfair, Inc. et al ("Wayfair"), that online sellers can be required to collect sales tax despite not having a physical presence in the state of the customer.” |
Quoted from the company's 10-K filed Feb 26, 2026.
REAL company outlook (results filed Aug 6, 2026)
- “Following Second Quarter Results Above the High End of Outlook with Record Quarterly GMV and Meaningful Margin Expansion SAN FRANCISCO, August 6, 2026 -The RealReal, Inc.”
Quoted word-for-word from the SEC 8-K results press release.
REAL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.00 | $-0.01 | -122.5% | $196.9M | 6 |
| Next quarter (ends Dec 2026) | $0.11 | $0.10 | +11.0% | $216.7M | 6 |
| Current fiscal year (ends Dec 2026) | $0.10 | $0.06 | +67.1% | $795.9M | 6 |
| Next fiscal year (ends Dec 2027) | $0.30 | $0.22 | +34.8% | $883.7M | 6 |
REAL options: expected move
Options price a move of about ±20.7% (±$2.17) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±16.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 91.8% | ±20.7% |
| Dec 18, 2026 | 56 | 82.9% | ±25.7% |
| Jan 15, 2027 | 84 | 76.4% | ±28.8% |
| Feb 19, 2027 | 119 | 74.7% | ±33.3% |
| May 21, 2027 | 210 | 78.2% | ±45.5% |
30-day implied volatility 84.8% vs 62.2% realized over the last 30 trading days. Put/call ratio (volume) 1.44. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:55 UTC)
| Price | USD 10.48 |
|---|---|
| Change | ▼ 1.41% (down) |
| Previous Close | USD 10.63 |
| Open | USD 10.4 |
| Day Range | USD 10.24 – 10.74 |
| 52-Week Range | USD 8.05 – 17.39 |
| Volume | 2,936,526 shares |
| Market Cap | $1.28B |
| Exchange | NMS |
Technical Analysis (REAL)
Nexqual's technical model rates REAL "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:55 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 58.6 (neutral) |
| vs SMA50 | Above (USD 10.02) |
| MACD | 0.22 (positive) |
Analyst Ratings (REAL)
Wall Street analysts rate REAL "Buy" based on 9 analysts, with a mean price target of USD 17.75 (range USD 14–20), per Nexqual as of October 23, 2026 at 09:55 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 17.75 |
| High Target | USD 20 |
| Low Target | USD 14 |
| Buy / Hold / Sell | 7 / 2 / 0 |
Earnings (REAL)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0 |
| Revenue Estimate | $196.89M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.01 vs est -0.02 ▲ beat |
| 2026-03-31 | USD -0.01 vs est -0.01 ▲ beat |
| 2025-12-31 | USD 0.06 vs est 0.04 ▲ beat |
| 2025-09-30 | USD -0.04 vs est -0.06 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Financials & Fundamentals (REAL)
| Total Revenue | $749.91M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +16.60% |
| Gross Margin | +74.50% |
| Operating Margin | -1.19% |
| Profit Margin | -10.82% |
| Current Ratio | 0.83 |
| Total Cash | $119.13M |
| Total Debt | $463.31M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $36.21M (4.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Financial Health Score (REAL)
Nexqual rates The RealReal, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:55 UTC.
| Growth | Strong — Revenue +15% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 74%, operating -1% (last 12 months) |
| Balance Sheet | Mixed — $119M cash and investments vs $232M debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $36M (last 4 quarters to Jun 2026, SEC), slim 4.8% margin |
| Efficiency | Mixed — No data |
Ownership (REAL)
| Insider Ownership | +7.23% |
|---|---|
| Institutional Ownership | +95.56% |
| Shares Outstanding | 121.67M |
| Float | 101.72M |
| Short % of Float | +16.29% |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Leadership (REAL)
The RealReal, Inc. is led by Rati Sahi Levesque, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:55 UTC.
| President, CEO & Director | Rati Sahi Levesque |
|---|---|
| Chief Financial Officer | Ajay Madan Gopal |
| Chief Technology & Product Officer | Luke T. Friang |
| Senior Vice President of Operations | Jessica Fortier |
Major Backers & Investors (REAL)
Notable institutional backers of The RealReal, Inc. include Divisadero Street Capital Management, LP, FMR, LLC, Shaw D.E. & Co., Inc., according to Nexqual as of October 23, 2026 at 09:55 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Divisadero Street Capital Management, LP | 7.56% |
| FMR, LLC | 4.15% |
| Shaw D.E. & Co., Inc. | 4.01% |
| Fidelity | 3.61% |
| Two Sigma Investments, LP | 3.28% |
| Arrowstreet Capital, Limited Partnership | 3.24% |
| American Century Companies Inc | 3.06% |
| Woodson Capital Management, Lp | 2.71% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.38% |
| Vanguard Group | 3.87% |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
From The RealReal, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- We are transforming the luxury resale experience by addressing these challenges. • We provide a seamless consignment experience enabled by our proprietary technology platform and data.
- Our sales team, enabled by our proprietary technology and data analytics, provides world-class service, making consignment easy, convenient, reliable and fast.
- Our scale and broad reach combined with our technology-driven online marketplace and proprietary data enable consignors to realize optimal value for their pre-owned luxury goods.
- We rely on contractual provisions to protect our proprietary technology, brands and creative assets with consignors and buyers.
Legal & Regulatory Risks (Item 1A, quoted)
- We are currently, and may be in the future, party to lawsuits and other claims.
- Regulation of "cookie" tracking technologies or changes in such technologies could harm our business and operating results.
- Failure to comply with applicable laws or regulations may subject us to fines, penalties, loss of licensure, registration, facility closures or other governmental enforcement action.
- Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| LUXE | LuxExperience B.V. | USD 9.59 | ▲ 0.63% |
| CPRI | Capri Holdings Limited | USD 16.36 | ▲ 4.2% |
| MOV | Movado Group Inc. | USD 32.28 | ▼ 0.43% |
| SIG | Signet Jewelers Limited | USD 116.94 | ▲ 1.89% |
| ELA | Envela Corporation | USD 11.54 | ▼ 2.45% |
| TPR | Tapestry, Inc. | USD 113.92 | ▼ 1.08% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:55 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt