secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001573221-22-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RealReal Q4 GMV +45% to $437M, revenue +67% to $145M; guides FY22 GMV $2.0-2.1B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322122000033/0001573221-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322122000033/real-20220223.htm
  HTML page:      https://secwatch.observer/filing/0001573221-22-000033

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