---
schema_version: "secwatch.filing_event.v1"
accession: "0001573221-26-000052"
form_type: "8-K"
ticker: "REAL"
cik: "0001573221"
company_name: "TheRealReal, Inc."
filed_at: "2026-08-06T20:10:35+00:00"
generated_at: "2026-08-06T20:14:05.294371+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# RealReal Q2 GMV $617M (+22% YoY), raises full-year guidance; Adj. EBITDA margin 7.0%

## Summary
- Q2 GMV $617M (+22% YoY), total revenue $193M (+17% YoY); record quarterly GMV.
- Adjusted EBITDA $13.5M (7.0% margin) vs $6.8M (4.1%) a year ago; 290 bps margin expansion.
- Net loss $(27)M includes $(18.6)M non-cash warrant adjustment; GAAP EPS $(0.23), non-GAAP EPS $(0.01).
- Raises FY2026 guidance: GMV $2.535-2.565B, revenue $788-797M, Adj. EBITDA $66-69M.
- Trailing 12-month active buyers 1.107M (+11% YoY); AOV $659 (+13% YoY).

## SEC filing metadata
- accession: 0001573221-26-000052
- form_type: 8-K
- ticker: REAL
- cik: 0001573221
- company_name: TheRealReal, Inc.
- filed_at: 2026-08-06T20:10:35+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000052/0001573221-26-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000052/real-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001573221-26-000052
- JSON: https://secwatch.observer/filing/0001573221-26-000052.json
- Plain text: https://secwatch.observer/filing/0001573221-26-000052.txt

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