secwatch.observer — SEC 8-K summary
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Issuer:     TheRealReal, Inc. (REAL)
CIK:        0001573221
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001573221-26-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RealReal Q1: GMV +24% to $606M, raises FY2026 guidance
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- Q1 GMV $606M (+24% YoY); Total Revenue $190M (+19% YoY); Gross Profit $141M (+$21M).
- Adjusted EBITDA $13.1M (6.9% margin) vs $4.1M (2.6%) a year ago, a $9M improvement.
- GAAP basic EPS $0.33; GAAP diluted EPS $(0.07); Non-GAAP diluted EPS $(0.01).
- Active buyers (TTM) 1.083M (+10%); AOV $646 (+15%).
- FY2026 guidance raised: GMV $2.42-2.47B, Revenue $770-784M, Adj EBITDA $59-67M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573221/000157322126000045/0001573221-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573221/000157322126000045/real-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001573221-26-000045

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