{"schema_version":"secwatch.filing_event.v1","accession":"0001573221-23-000084","form_type":"8-K","ticker":"REAL","cik":"0001573221","company_name":"TheRealReal, Inc.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.584673+00:00","generated_at":"2026-06-08T15:16:08.355998+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RealReal Q3 adj EBITDA loss narrows to $7M; guides Q4 near breakeven","bullets":["Q3 revenue $133M (-7% YoY); GMV $408M (-8%); gross margin 70.6% (+1053 bps).","Net loss $22.9M vs $47.3M; GAAP EPS -$0.22, non-GAAP -$0.15, both improved.","Adj EBITDA -$7.0M (5.2% of rev) vs -$28.2M (19.7%) a year ago; best since 2019 IPO.","Q4 guidance: GMV $430-460M, rev $135-145M, adj EBITDA -$5M to $0; on track for positive adj EBITDA in FY2024.","CFO Robert Julian to step down by Jan 31, 2024; company engaged Moelis & Wachtell for notes refinancing."],"urls":{"canonical":"https://secwatch.observer/filing/0001573221-23-000084","json":"https://secwatch.observer/filing/0001573221-23-000084.json","markdown":"https://secwatch.observer/filing/0001573221-23-000084.md","text":"https://secwatch.observer/filing/0001573221-23-000084.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000084/0001573221-23-000084-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000084/real-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T15:16:08.355998+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":"7efa6fc686749a714d313e4c92cfd97b04660463","claim":"TheRealReal, Inc. reported the quarter ended September 30, 2023 results: revenue $133 million, net income $(22.9) million, EPS $(0.22).","evidence_excerpt":"positive Adjusted EBITDA on a full year basis in 2024.” Third Quarter Highlights • GMV was $408 million, a decrease of 8% compared to the same period in 2022 • Total Revenue was $133 million, a decrease of 7% compared to the same period in 2022 • Gross Margin was 70.6%, an increase of 1053 basis points compared to the same period in 2022 • Net Loss was $(22.9)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1573221/000157322123000084/0001573221-23-000084-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$133 million"},{"label":"Net income","value":"$(22.9) million"},{"label":"EPS","value":"$(0.22)"},{"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"}