secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2021-08-09T23:59:59+00:00
Accession:  0001573221-21-000123
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322121000123/0001573221-21-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322121000123/real-20210809.htm
  HTML page:      https://secwatch.observer/filing/0001573221-21-000123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer