secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001573221-22-000064
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q1 2022 GMV up 31% to $428M, revenue up 48% to $147M, beat guidance; FY2022 outlook reaffirmed
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- GMV $428M (+31% YoY); total revenue $147M (+48%); net loss $57M vs $56M in prior year.
- Adjusted EBITDA -$35.3M (-24.1% of revenue) vs -$35.6M (-36.1%) in Q1 2021; operating leverage improving.
- Q2 2022 guidance: GMV $450-470M, revenue $150-160M, adjusted EBITDA loss $(33-29)M; FY2022 reaffirmed.
- Active buyers 828k (+21%), orders 878k (+27%), AOV $487 (+3%); repeat buyers 85% of GMV.
- Cash $361M; company-owned inventory $73.7M; on track for adjusted EBITDA profitability in 2024 (Vision 2025).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322122000064/0001573221-22-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322122000064/real-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001573221-22-000064

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