---
schema_version: "secwatch.filing_event.v1"
accession: "0001573221-21-000123"
form_type: "8-K"
ticker: "REAL"
cik: "0001573221"
company_name: "TheRealReal, Inc."
filed_at: "2021-08-09T23:59:59+00:00"
generated_at: "2026-06-29T18:38:10.268569+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RealReal Q2 GMV +91% to $350M, net loss $70.7M; gross profit per order up $9 QoQ

## Summary
- GMV $350M (+91% YoY), revenue $104.9M (+83% YoY). Net loss $70.7M incl. $11M legal settlement charge.
- Adjusted EBITDA loss $32.9M (31.4% of rev) vs -$35.2M in Q1; gross profit per order $94 (+$9 QoQ).
- TTM active buyers 730K (+19% YoY); AOV $520 (+25% YoY); orders 673K (+53% YoY).
- Retail stores generated ~30% of new consignors; July GMV $116.6M (+56% YoY).
- Company expects at least 30% annual GMV growth; profitability targeted within 18 months but no firm timeline.

## SEC filing metadata
- accession: 0001573221-21-000123
- form_type: 8-K
- ticker: REAL
- cik: 0001573221
- company_name: TheRealReal, Inc.
- filed_at: 2021-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573221/000157322121000123/0001573221-21-000123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573221/000157322121000123/real-20210809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573221-21-000123
- JSON: https://secwatch.observer/filing/0001573221-21-000123.json
- Plain text: https://secwatch.observer/filing/0001573221-21-000123.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.