---
schema_version: "secwatch.filing_event.v1"
accession: "0001573221-23-000072"
form_type: "8-K"
ticker: "REAL"
cik: "0001573221"
company_name: "TheRealReal, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:56:04.913398+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RealReal Q2 beats guidance; GMV $423M, revenue $131M, adj EBITDA -$22.3M; guides FY

## Summary
- GMV $423M (-7% YoY), revenue $131M (-15% YoY); gross margin 65.9% (+908bps YoY).
- GAAP net loss $41.3M ($0.41/sh) vs $53.2M ($0.56/sh) in Q2 2022; non-GAAP loss $0.30/sh.
- Adjusted EBITDA loss $22.3M (17.1% of rev) vs $28.8M (18.7%) prior year; cash $206M.
- Q3 guidance: GMV $385-415M, revenue $120-130M, adj EBITDA -$18 to -$15M.
- Full year 2023: GMV $1.725-1.775B, revenue $540-560M, adj EBITDA -$72 to -$66M; on track for adj EBITDA profitability in 2024.

## SEC filing metadata
- accession: 0001573221-23-000072
- form_type: 8-K
- ticker: REAL
- cik: 0001573221
- company_name: TheRealReal, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1573221/000157322123000072/0001573221-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573221/000157322123000072/real-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573221-23-000072
- JSON: https://secwatch.observer/filing/0001573221-23-000072.json
- Plain text: https://secwatch.observer/filing/0001573221-23-000072.txt

## Key facts
- Earnings Releases
  TheRealReal, Inc. reported the quarter ended June 30, 2023 results: revenue $131 million, net income $(41.3) million, EPS $(0.41). Guidance reaffirmed.
  - Period: the quarter ended June 30, 2023
  - Revenue: $131 million
  - Net income: $(41.3) million
  - EPS: $(0.41)
  - Guidance: reaffirmed
  - Result: reported results
  source text: profitability on a full year basis in 2024.” Second Quarter Financial Highlights • GMV was $423 million, a decrease of 7% compared to the same period in 2022 • Total Revenue was $131 million, a decrease of 15% compared to the same period in 2022 • Gross Margin was 65.9%, an increase of 908 basis points compared to the same period in 2022 • Net Loss was $41.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1573221/000157322123000072/0001573221-23-000072-index.htm

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