{"schema_version":"secwatch.filing_event.v1","accession":"0001573221-25-000070","form_type":"8-K","ticker":"REAL","cik":"0001573221","company_name":"TheRealReal, Inc.","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.394495+00:00","generated_at":"2026-05-17T17:35:07.314951+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"RealReal Q2 revenue $165M (+14%), net loss narrows to $11M; raises FY guidance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001573221-25-000070","json":"https://secwatch.observer/filing/0001573221-25-000070.json","markdown":"https://secwatch.observer/filing/0001573221-25-000070.md","text":"https://secwatch.observer/filing/0001573221-25-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1573221/000157322125000070/0001573221-25-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1573221/000157322125000070/real-20250807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T17:35:07.314951+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"}