earnings
confidence high
sentiment positive
materiality 0.75
The RealReal Q2 revenue up 11% to $145M; net loss narrows to $17M; FY Adj EBITDA guidance raised to $0-6M
TheRealReal, Inc.
2024-Q2 EPS reported
-$0.45
revenue$288,734,000
- Q2 revenue of $145M, up 11% YoY; GMV of $441M, up 4%.
- Net loss of $17M vs $41.3M YoY; GAAP diluted EPS -$0.20 vs -$0.41.
- Adjusted EBITDA -$1.8M, improvement of $21M YoY; gross margin 74.1% (+829 bps).
- Consignment revenue grew 17% YoY; active buyers 381,000 (+9% YoY).
- FY 2024 guidance: revenue $580-595M, Adj EBITDA $0-6M (breakeven or positive).