secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001573221-24-000068
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322124000068/0001573221-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322124000068/real-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001573221-24-000068

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