secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001573221-21-000190
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322121000190/0001573221-21-000190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322121000190/real-20211108.htm
  HTML page:      https://secwatch.observer/filing/0001573221-21-000190

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