secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001573221-22-000114
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322122000114/0001573221-22-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322122000114/real-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001573221-22-000114

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