RealReal Q2 revenue $165M (+14%), net loss narrows to $11M; raises FY guidance

TheRealReal, Inc.

2025-Q2 EPS reported -$0.27 revenue$325,221,000

Q2 revenue $165M (+14% YoY); GMV $504M (+14%); consignment revenue +14%, direct revenue +23%.
Net loss $(11)M vs $(17)M YoY; GAAP diluted EPS $(0.13) vs $(0.20); Non-GAAP EPS $(0.06).
Adjusted EBITDA $6.8M (4.1% margin) vs $(1.8M) YoY; improved $8.6M.
Raises FY2025 guidance: GMV $2.03-2.045B, revenue $667-674M, Adj. EBITDA $29-32M.
Appoints Mark McCaffrey (GoDaddy CFO) to Board of Directors effective Aug 5, 2025.

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