---
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"
generated_at: "2026-05-17T17:35:07.314951+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573221-25-000070
- JSON: https://secwatch.observer/filing/0001573221-25-000070.json
- Plain text: https://secwatch.observer/filing/0001573221-25-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.