---
schema_version: "secwatch.filing_event.v1"
accession: "0001573221-22-000114"
form_type: "8-K"
ticker: "REAL"
cik: "0001573221"
company_name: "TheRealReal, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:35:46.730704+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# REAL Q3 GMV $441M (+20%), revenue $143M, net loss $(47.3)M; guides Q4 rev $145-165M

## Summary
- Q3 GMV $441M (+20% YoY), revenue $143M (+20% YoY); net loss $(47.3)M vs $(57.2)M prior year.
- Adjusted EBITDA loss narrowed to $(28.2)M (19.7% of rev) from $(31.5)M (26.5%).
- Active buyers 950k (+23% YoY), orders 952k (+26% YoY), AOV $463 (-5%).
- Q4 2022 guidance: GMV $480-510M, revenue $145-165M, Adj EBITDA $(27)-(23)M.
- Strategic initiatives: revamp consignor commission, optimize pricing, cost cuts, new revenue streams (warranty, ad tech, data); small workforce reduction in Q4.

## SEC filing metadata
- accession: 0001573221-22-000114
- form_type: 8-K
- ticker: REAL
- cik: 0001573221
- company_name: TheRealReal, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573221/000157322122000114/0001573221-22-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573221/000157322122000114/real-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573221-22-000114
- JSON: https://secwatch.observer/filing/0001573221-22-000114.json
- Plain text: https://secwatch.observer/filing/0001573221-22-000114.txt

## Key facts
- Earnings Releases
  TheRealReal, Inc. reported the third quarter ended September 30, 2022 results: revenue $143 million, net income $(47.3) million, EPS $(0.49). Guidance reaffirmed.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $143 million
  - Net income: $(47.3) million
  - EPS: $(0.49)
  - Guidance: reaffirmed
  - Result: reported results
  source text: productivity and fixed cost leverage.” Third Quarter Financial Highlights • GMV wa s $441 million, an increase of 20% compared to the same period in 2021 • Total Revenue was $143 million, an increase of 20% compared to the same period in 2021 • Net Loss was $(47.3) million or (33.1)% of total revenue compared to $(57.2) million or (48.1)% in the same period in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1573221/000157322122000114/0001573221-22-000114-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.