RealReal beats Q1 guidance; GMV $452M +2%, Adj EBITDA loss narrows to $2.3M

TheRealReal, Inc.

2024-Q1 EPS reported -$0.30 revenue$143,800,000

GMV $452M (+2% YoY), revenue $144M (+1%); consignment revenue up 13%.
Gross margin 74.6% (all-time high), +1,100 bps YoY; net loss improved $51M to $(31.1)M.
GAAP EPS $(0.30) vs $(0.83); Non-GAAP EPS $(0.12) vs $(0.36).
Q2 2024 guidance: GMV $420-$450M, revenue $135-$145M, Adj EBITDA $(6)-$(3)M.
Full-year Adj EBITDA midpoint raised $1.5M to $(5)-$8M; cash $181M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TheRealReal, Inc. reported first quarter ended March 31, 2024 results: revenue $144 million, net income $(31.1) million, EPS $(0.30). Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $144 million
Net income: $(31.1) million
EPS: $(0.30)
Guidance: raised
Result: reported results

Exact text from the filing

outstanding luxury goods to our buyers. ” First Quarter Financial Highlights • GMV wa s $452 million, an increase of 2% compared to the same period in 2023 • Total Revenue was $144 million, an increase of 1% compared to the same period in 2023 • Gross Profit was $107 million, an increase of $17 million compared to the same period in 2023 • Gross Margin was $74.6% ,

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Source: SEC EDGAR

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