earnings
confidence high
sentiment neutral
materiality 0.80
The RealReal Q3 GMV up 50% to $368M, revenue +53% to $119M, net loss widens to $57M
TheRealReal, Inc.
2021-Q3 EPS reported
-$2.02
revenue$322,567,000
- GMV $368M (+50% YoY, +46% vs 2019); orders 757K (+38%); active buyers 772K (+25% TTM).
- Revenue $119M (+53% YoY); consignment revenue $89.5M (+39%), direct revenue $29.4M (+115%).
- GAAP net loss $57M ($0.62/sh); non-GAAP net loss $0.47/sh; adjusted EBITDA loss $31.5M (26.5% of revenue vs 37.6% in Q3 2020).
- October GMV $137M (+45% YoY, +38% vs 2019); AOV $491 (+13% YoY).
- Company intends to resume annual/quarterly guidance in 2022 and commit to timeline for adjusted EBITDA profitability.