---
schema_version: "secwatch.filing_event.v1"
accession: "0001573221-24-000068"
form_type: "8-K"
ticker: "REAL"
cik: "0001573221"
company_name: "TheRealReal, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T18:23:47.665972+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001573221-24-000068
- form_type: 8-K
- ticker: REAL
- cik: 0001573221
- company_name: TheRealReal, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573221/000157322124000068/0001573221-24-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573221/000157322124000068/real-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573221-24-000068
- JSON: https://secwatch.observer/filing/0001573221-24-000068.json
- Plain text: https://secwatch.observer/filing/0001573221-24-000068.txt

## Key facts
- Earnings Releases
  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
  source text: 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% ,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1573221/000157322124000068/0001573221-24-000068-index.htm

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