secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001573221-23-000072
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322123000072/0001573221-23-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322123000072/real-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001573221-23-000072

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