The RealReal Q1: consignment revenue +22%, Adj EBITDA loss narrows to $27.3M

TheRealReal, Inc.

2023-Q1 EPS reported -$0.83 revenue$141,904,000

Q1 GMV $444M (+4% YoY); total revenue $142M (-3% YoY); consignment revenue +22%, direct -49%.
Net loss $(82.5)M incl. $36.4M restructuring; GAAP EPS $(0.83); non-GAAP EPS $(0.36).
Adjusted EBITDA $(27.3)M (19.2% rev) vs $(35.3)M (24.1%) prior year; Q2 guide $(29)-$(25)M.
Active buyers 1,014,000 (+22%); AOV $499 (+2%); repeat buyer GMV 86%.
FY23 guidance: revenue $535-565M, Adj EBITDA $(75)-$(65)M; on track for Adj EBITDA profitability in 2024.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TheRealReal, Inc. reported first quarter ended March 31, 2023 results: revenue $142 million, net income $(82.5) million, EPS $(0.83).

Period: first quarter ended March 31, 2023
Revenue: $142 million
Net income: $(82.5) million
EPS: $(0.83)
Result: reported results

Exact text from the filing

Total Revenue was $142 million, a decrease of 3% compared to the same period in 2022

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Source: SEC EDGAR

accession 0001573221-23-000047

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