{"schema_version":"secwatch.filing_event.v1","accession":"0001573221-23-000021","form_type":"8-K","ticker":"REAL","cik":"0001573221","company_name":"TheRealReal, Inc.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.654404+00:00","generated_at":"2026-06-18T22:06:11.566250+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"RealReal Q4 revenue $160M (+10% YoY), net loss narrows to $39M; new CEO John Koryl appointed","bullets":["Q4 GMV $493M (+13% YoY); total revenue $160M (+10% YoY); net loss $39M vs $52M loss in Q4 2021.","FY 2022 revenue $603M (+29% YoY); net loss $196M vs $236M loss in 2021; Adjusted EBITDA -$112.4M.","Appointed John Koryl as CEO and Luke Friang as CTPO; workforce reduced by ~7% and real estate rationalized.","Q1 2023 guidance: GMV $430-460M, revenue $135-145M, Adjusted EBITDA -$35 to -$31M.","Company projects profitability on full-year Adjusted EBITDA basis in 2024; cash and equivalents $294M at year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0001573221-23-000021","json":"https://secwatch.observer/filing/0001573221-23-000021.json","markdown":"https://secwatch.observer/filing/0001573221-23-000021.md","text":"https://secwatch.observer/filing/0001573221-23-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000021/0001573221-23-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000021/real-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T22:06:11.566250+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ab2e109a23da5b726898d56afd10f0c858c7038","claim":"TheRealReal, Inc. reported fourth quarter ended December 31, 2022 results: revenue $160 million, net income $39 million, EPS $(0.39).","evidence_excerpt":"Fourth Quarter Financial Highlights • GMV was $493 million, an increase of 13% compared to the same period in 2021 • Total Revenue was $160 million, an increase of 10% compared to the same period in 2021 • Net Loss was $39 million compared to $52 million in the same period in 2021 • Adjusted EBITDA was $(20.2) million or (12.6)% of total revenue compared $(26.9) million or (18.5)% of total revenue in the fourth quarter of 2021 • GAAP basic and diluted net loss per share was $(0.39) compared to $(0.56) in the prior year period","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000021/0001573221-23-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$160 million"},{"label":"Net income","value":"$39 million"},{"label":"EPS","value":"$(0.39)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"435954cfc08b9a5c674b1fa1368fcfedf240e208","claim":"TheRealReal, Inc. reported full year ended December 31, 2022 results: revenue $603 million, net income $196 million, EPS $(2.05).","evidence_excerpt":"Full Year 2022 Financial Highlights • GMV was $1.8 billion, an increase of 23% compared to full year 2021 • Total Revenue was $603 million, an increase of 29% compared to full year 2021 • Net Loss was $196 million compared to $236 million in 2021 • Adjusted EBITDA was $(112.4) million or (18.6)% of total revenue compared to $(126.9) million or (27.1)% of total revenue for full year 2021 • GAAP basic and diluted net loss per share was $(2.05) compared to $(2.58) in the prior year 1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000021/0001573221-23-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year ended December 31, 2022"},{"label":"Revenue","value":"$603 million"},{"label":"Net income","value":"$196 million"},{"label":"EPS","value":"$(2.05)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6a5b22a4f56da6f0ee27193db28272ef9ddceb17","claim":"TheRealReal, Inc. reported first quarter of 2023 results: revenue $135 - $145 million. Guidance initiated.","evidence_excerpt":"Q1 2023 GMV $430 - $460 million Total Revenue $135 - $145 million Adjusted EBITDA $(35) - $(31) million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000021/0001573221-23-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Revenue","value":"$135 - $145 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}