{"schema_version":"secwatch.filing_event.v1","accession":"0001573221-23-000047","form_type":"8-K","ticker":"REAL","cik":"0001573221","company_name":"TheRealReal, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.466912+00:00","generated_at":"2026-06-15T09:07:08.218392+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"The RealReal Q1: consignment revenue +22%, Adj EBITDA loss narrows to $27.3M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001573221-23-000047","json":"https://secwatch.observer/filing/0001573221-23-000047.json","markdown":"https://secwatch.observer/filing/0001573221-23-000047.md","text":"https://secwatch.observer/filing/0001573221-23-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000047/0001573221-23-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000047/real-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:07:08.218392+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":"633b216e9b0344facd76cbe0427594180d97969e","claim":"TheRealReal, Inc. reported first quarter ended March 31, 2023 results: revenue $142 million, net income $(82.5) million, EPS $(0.83).","evidence_excerpt":"Total Revenue was $142 million, a decrease of 3% compared to the same period in 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000047/0001573221-23-000047-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$142 million"},{"label":"Net income","value":"$(82.5) million"},{"label":"EPS","value":"$(0.83)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}