earnings
confidence high
sentiment neutral
materiality 0.80
RealReal Q4 GMV +45% to $437M, revenue +67% to $145M; guides FY22 GMV $2.0-2.1B
TheRealReal, Inc.
2021-FY EPS reported
-$2.58
revenue$467,692,000
- Q4 net loss $52M ($0.56 GAAP EPS); adjusted EBITDA loss $26.9M (18.5% of revenue) vs 41.2% a year ago.
- FY 2021 GMV $1.48B (+50% YoY), revenue $468M (+56%); adjusted EBITDA loss $126.9M (27.1% of revenue).
- Active buyers 797k (+23%), orders 861k (+28%), AOV $508 (+13%); repeat buyers 84% of GMV.
- Q1 2022 guidance: GMV $410-425M, revenue $130-140M; FY22 GMV $2.0-2.1B, adjusted EBITDA loss $(100-80)M.
- Targets full-year adjusted EBITDA profitability in 2024; investor day set for March 22, 2022 for Vision 2025.