secwatch.observer — SEC 8-K summary
======================================

Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001573221-22-000097
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RealReal Q2 revenue up 47% to $154M, but net loss $(53.2)M; cuts full-year guidance
--------------------------------------------------------------------------------

- Q2 GMV $454M (+30% YoY); total revenue $154M (+47%); net loss $(53.2)M vs $(71)M a year ago.
- GAAP diluted EPS $(0.56); Non-GAAP diluted EPS $(0.40); Adjusted EBITDA loss $(28.8)M, improving from $(32.9)M.
- Full-year 2022 guidance reduced: GMV $1.85-1.9B, revenue $615-635M, Adj. EBITDA $(110)-(100)M.
- Q3 guidance: GMV $430-450M, revenue $145-155M, Adj. EBITDA $(30)-(26)M.
- Founder/CEO Julie Wainwright stepped down; search for permanent CEO underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322122000097/0001573221-22-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322122000097/real-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001573221-22-000097

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