{"schema_version":"secwatch.filing_event.v1","accession":"0001573221-25-000005","form_type":"8-K","ticker":"REAL","cik":"0001573221","company_name":"TheRealReal, Inc.","filed_at":"2025-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.041207+00:00","generated_at":"2026-05-26T08:50:28.030665+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"The RealReal Q4 revenue up 14% to $164M; FY Adj EBITDA positive $9M; guides FY 2025 Adj EBITDA $20-30M","bullets":["Q4 revenue $164M (record high, +14% YoY); GMV $504M (+12%).","FY 2024 net loss $134M improved $34M YoY; Adj EBITDA positive $9M (vs -$55M prior year).","FY 2024 operating cash flow positive $27M (+$88M YoY); free cash flow positive $1M.","Q4 GAAP EPS -$0.62 (includes $59M warrant liability adjustment); non-GAAP EPS -$0.01.","Guidance: Q1 2025 revenue $157-161M, Adj EBITDA $3-4.5M; FY 2025 revenue $645-660M, Adj EBITDA $20-30M."],"urls":{"canonical":"https://secwatch.observer/filing/0001573221-25-000005","json":"https://secwatch.observer/filing/0001573221-25-000005.json","markdown":"https://secwatch.observer/filing/0001573221-25-000005.md","text":"https://secwatch.observer/filing/0001573221-25-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1573221/000157322125000005/0001573221-25-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1573221/000157322125000005/real-20250220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T08:50:28.030665+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}