---
schema_version: "secwatch.filing_event.v1"
accession: "0001573221-21-000190"
form_type: "8-K"
ticker: "REAL"
cik: "0001573221"
company_name: "TheRealReal, Inc."
filed_at: "2021-11-08T23:59:59+00:00"
generated_at: "2026-06-28T11:29:19.006706+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# The RealReal Q3 GMV up 50% to $368M, revenue +53% to $119M, net loss widens to $57M

## Summary
- 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.

## SEC filing metadata
- accession: 0001573221-21-000190
- form_type: 8-K
- ticker: REAL
- cik: 0001573221
- company_name: TheRealReal, Inc.
- filed_at: 2021-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573221/000157322121000190/0001573221-21-000190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573221/000157322121000190/real-20211108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573221-21-000190
- JSON: https://secwatch.observer/filing/0001573221-21-000190.json
- Plain text: https://secwatch.observer/filing/0001573221-21-000190.txt

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