secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001573221-25-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322125000070/0001573221-25-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322125000070/real-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001573221-25-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer