TheRealReal, Inc. shareholders rejected Approval of a Management Proposal to Amend the Company’s Amended and Restated Certificate of Incorporation to Eliminate the Supermajority Voting Requirements at the 2026-06-10 meeting.
“The Company’s stockholders did not approve by a supermajority of the Company’s outstanding shares a management proposal to amend the Company’s Amended and Restated Certificate of Incorporation to eliminate the supermajority voting requirements.”
Shareholder Votes
TheRealReal, Inc. shareholders rejected Approval of a Management Proposal to Amend the Company’s Amended and Restated Certificate of Incorporation to Limit the Liability of Certain Officers of the Company as Permitted Pursuant to the Delaware General Corporation Law at the 2026-06-10 meeting.
“The Company’s stockholders did not approve by a supermajority of the Company’s outstanding shares a management proposal to amend the Company’s Amended and Restated Certificate of Incorporation to limit the liability of certain officers of the Company as permitted pursuant to the Delaware General Corporation Law.”
Shareholder Votes
TheRealReal, Inc. shareholders rejected Approval of a Management Proposal to Amend the Company’s Amended and Restated Certificate of Incorporation to Phase in the Declassification of our Board of Directors at the 2026-06-10 meeting.
“The Company’s stockholders did not approve by a supermajority of the Company’s outstanding shares a management proposal to amend the Company’s Amended and Restated Certificate of Incorporation to phase in the declassification of the Company’s Board of Directors.”
Shareholder Votes
TheRealReal, Inc. shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2026-06-10 meeting.
“The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers.”
Shareholder Votes
TheRealReal, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-06-10 meeting.
“The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.”
Shareholder Votes
TheRealReal, Inc. shareholders approved Election of Class I Directors at the 2026-06-10 meeting.
“The Company’s stockholders elected each of the nominees named below as Class I directors to serve a three-year term ending at the Company’s 2029 annual meeting of stockholders or until his or her successor is elected and qualified.”
Earnings Releases
TheRealReal, Inc. reported first quarter ended March 31, 2026 results: revenue $190 million, net income $39 million, EPS $0.33. Guidance raised.
“as the operating system for luxury ownership.” First Quarter Highlights • GMV wa s $606 million, an increase of 24% compared to the same period in 2025 • Total Revenue was $190 million, an increase of 19% compared to the same period in 2025 • Gross Profit was $141 million, an increase of $21 million compared to the same period in 2025 • Gross Margin was 74.5%,”
Debt Financings
TheRealReal, Inc. incurred convertible notes of $49,478,000 in aggregate principal amount of the holders’ 1.00% Convertible Senior Notes due 2028 for $43,394,000 in agg with certain Noteholder Parties at 4.00% Convertible Senior Notes due 2031 maturing 2031.
“On August 20, 2025, The RealReal, Inc. (the “ Company ”) entered into private, separately negotiated debt exchange transactions pursuant to certain exchange agreements (each, an “ Exchange Agreement ”) with certain Noteholder Parties (as defined therein), pursuant to which the parties agreed to exchange $49,478,000 in aggregate principal amount of the holders’ 1.00% Convertible Senior Notes due 2028 for $43,394,000 in aggregate principal amount of the Company’s 4.00% Convertible Senior Notes due 2031”
Debt Financings
TheRealReal, Inc. incurred convertible notes of $146,685,000 in aggregate principal amount of the Company's 4.00% Convertible Senior Notes due 2031 (the "New Notes") with Certain Noteholder Parties at 4.00% per annum, payable semi-annually in arrears on February 15 and August 15 o maturing February 15, 2031.
“The New Notes accrue interest at a rate of 4.00% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on August 15, 2025; provided that, solely with respect to the interest payment due on August 15, 2025, the New Notes shall bear additional interest at the rate of 1.25% per year from September 1, 2024 to, but excluding, the Effective Date, being paid in consideration for the accrued and unpaid interest on the Exchanged Notes.”
John Koryl departed as Chief Executive Officer at TheRealReal, Inc..
“John Koryl ceased to serve as Chief Executive Officer of the Company and resigned as a member of the Board on the same day.”
Rati Sahi Levesque was appointed as Class III Director at TheRealReal, Inc..
“the Board appointed Ms. Levesque as a member of the Board”
Rati Sahi Levesque was appointed as President and Chief Executive Officer at TheRealReal, Inc..
“the Board of Directors (the “Board”) of the Company appointed Rati Sahi Levesque, formerly the Company’s President and Chief Operating Officer, as President and Chief Executive Officer of the Company, effective as of October 28, 2024.”
Earnings Releases
TheRealReal, Inc. reported first quarter ended March 31, 2024 results: revenue $144 million, net income $(31.1) million, EPS $(0.30). Guidance raised.
“outstanding luxury goods to our buyers. ” First Quarter Financial Highlights • GMV wa s $452 million, an increase of 2% compared to the same period in 2023 • Total Revenue was $144 million, an increase of 1% compared to the same period in 2023 • Gross Profit was $107 million, an increase of $17 million compared to the same period in 2023 • Gross Margin was $74.6% ,”
Earnings Releases
TheRealReal, Inc. reported financial results for the quarter and fiscal year ended December 31, 2023.
“On February 29, 2024, The RealReal, Inc. (“The RealReal”) issued a press release announcing its financial results for the quarter and fiscal year ended December 31, 2023.”
Debt Financings
TheRealReal, Inc. incurred senior notes of $135,000,000 in aggregate principal amount of the Company’s 4.25%/8.75% PIK/Cash Senior Secured Notes due 2029 at 13.00% per annum, consisting of cash interest at a rate of 8.75% per annum and p maturing earlier of (a) March 1, 2029 and (b) any date, if any, on or after December 1, 2027 on which (a) the aggregate principal amount of the 1.00% Convertible Senior.
“the Company issued $135,000,000 in aggregate principal amount of New Notes pursuant to that certain Indenture, dated as of the Effective Date (the “Indenture”), by and among the Company, the Guarantors (as defined in the Indenture) party thereto from time to time and GLAS Trust Company LLC, as trustee and notes collateral agent.”
Material Agreements
TheRealReal, Inc. entered into Indenture with GLAS Trust Company LLC valued at $135,000,000 (effective 2024-02-29).
“On the Effective Date, in connection with the Exchange Transactions, the Company issued $135,000,000 in aggregate principal amount of New Notes pursuant to that certain Indenture, dated as of the Effective Date (the “Indenture”), by and among the Company, the Guarantors (as defined in the Indenture) party thereto from time to time and GLAS Trust Company LLC, as trustee and notes collateral agent.”
Material Agreements
TheRealReal, Inc. entered into Exchange Agreements with certain Noteholders valued at $135,000,000 (effective 2024-02-29).
“On February 29, 2024 (the “Effective Date”), the Company entered into private, separately negotiated exchange agreements (collectively, the “Exchange Agreements”) with certain Noteholders (as defined therein), pursuant to which the parties agreed to exchange (i) $145,751,000 in aggregate principal amount of the holders’ 3.00% Convertible Senior Notes due 2025 and (ii) $6,480,000 in aggregate principal amount of the holders’ 1.00% Convertible Senior Notes due 2028 (clauses (i) and (ii) together, the “Exchanged Notes”) for (a) $135,000,000 in aggregate principal amount of the Company’s 4.25%/8.75% PIK/Cash Senior Secured Notes due 2029”
Earnings Releases
TheRealReal, Inc. updated its Q1 2024 and Full Year 2024 guidance (initiated).
“Based on market conditions as of February 29, 2024, we are providing guidance for GMV, total revenue and Adjusted EBITDA, which is a non-GAAP financial measure.”
Earnings Releases
TheRealReal, Inc. updated its the quarter and fiscal year ended December 31, 2023 guidance (initiated).
“On February 29, 2024, The RealReal, Inc. (“The RealReal”) issued a press release announcing its financial results for the quarter and fiscal year ended December 31, 2023.”
Material Agreements
TheRealReal, Inc. entered into Exchange Agreements with certain Noteholders (effective 2024-02-29).
“On February 29, 2024 (the “Effective Date”), The RealReal, Inc. (the “Company”) entered into private, separately negotiated exchange agreements (collectively, the “Exchange Agreements”) with certain Noteholders (as defined therein), pursuant to which the parties agreed to exchange (i) $145,751,000 in aggregate principal amount of the holders’ 3.00% Convertible Senior Notes due 2025 and (ii) $6,480,000 in aggregate principal amount of the holders’ 1.00% Convertible Senior Notes due 2028 (clauses (i) and (ii) together, the “Exchanged Notes”) for (a) $135,000,000 in aggregate principal amount of the Company’s 4.25%/8.75% PIK/Cash Senior Secured Notes due 2029 (the “New Notes”), issued pursuant to the Indenture (as defined below), (b) warrants (the “Warrants”) to purchase up to 7,894,737 shares (subject to adjustment in accordance with their terms) of the Company’s common stock, $0.00001 par value per share, with a strike price of $1.71 and (c) accrued and unpaid interest on the Exchanged”
Material Agreements
TheRealReal, Inc. entered into Indenture with GLAS Trust Company LLC valued at $135,000,000 (effective 2024-02-29).
“On the Effective Date, in connection with the Exchange Transactions, the Company issued $135,000,000 in aggregate principal amount of New Notes pursuant to that certain Indenture, dated as of the Effective Date (the "Indenture"), by and among the Company, the Guarantors (as defined in the Indenture) party thereto from time to time and GLAS Trust Company LLC, as trustee and notes collateral agent.”
Ajay Gopal was appointed as Chief Financial Officer at TheRealReal, Inc..
“On February 21, 2024, The RealReal, Inc. (the “Company”) announced that Ajay Gopal has been appointed by the Board of Directors (the “Board”) of the Company to serve as the Company’s Chief Financial Officer, effective March 18, 2024”
Todd Suko was appointed as Interim Chief Financial Officer at TheRealReal, Inc..
“On January 29, 2024, the Board of Directors (the “Board”) of the Company appointed Todd Suko to serve as Interim Chief Financial Officer, effective February 1, 2024,”
Robert Julian departed as Chief Financial Officer at TheRealReal, Inc..
“The RealReal, Inc. (the “Company”) previously announced the departure of Robert Julian, Chief Financial Officer, effective January 31, 2024.”
Earnings Releases
TheRealReal, Inc. reported the quarter ended September 30, 2023 results: revenue $133 million, net income $(22.9) million, EPS $(0.22).
“positive Adjusted EBITDA on a full year basis in 2024.” Third Quarter Highlights • GMV was $408 million, a decrease of 8% compared to the same period in 2022 • Total Revenue was $133 million, a decrease of 7% compared to the same period in 2022 • Gross Margin was 70.6%, an increase of 1053 basis points compared to the same period in 2022 • Net Loss was $(22.9)”
Robert Julian departed as Chief Financial Officer at TheRealReal, Inc..
“announced the departure of Robert Julian, Chief Financial Officer, effective January 31, 2024.”
Earnings Releases
TheRealReal, Inc. reported the quarter ended June 30, 2023 results: revenue $131 million, net income $(41.3) million, EPS $(0.41). Guidance reaffirmed.
“profitability on a full year basis in 2024.” Second Quarter Financial Highlights • GMV was $423 million, a decrease of 7% compared to the same period in 2022 • Total Revenue was $131 million, a decrease of 15% compared to the same period in 2022 • Gross Margin was 65.9%, an increase of 908 basis points compared to the same period in 2022 • Net Loss was $41.3 million”
Shareholder Votes
TheRealReal, Inc. shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2023-06-14 meeting.
“Proposal 3 - Advisory Vote on Named Executive Officer Compensation The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers. The results of such vote were as follows: For Against Abstain Broker Non-Votes 36,709,718 3,237,424 446,941 27,138,644”
Shareholder Votes
TheRealReal, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-06-14 meeting.
“Proposal 2 - Ratification of Appointment of Independent Registered Public Accounting Firm The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The results of such vote were as follows: For Against Abstain 65,433,297 1,574,739 524,691”
Shareholder Votes
TheRealReal, Inc. shareholders approved Election of Class I Directors at the 2023-06-14 meeting.
“On June 14, 2023, The RealReal, Inc. (the “Company”) held its 2023 annual meeting of stockholders to consider and vote on the three proposals set forth below, each of which is described in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on April 28, 2023. The final voting results are set forth below. Proposal 1 - Election of Class I Directors The Company’s stockholders elected each of the nominees named below as Class I directors to serve a three-year term ending at the Company’s 2026 annual meeting of stockholders or until her successor is elected and qualified. The results of such vote were as follows: Director Nominee For Withheld Broker Non-Votes Caretha Coleman 37,966,167 2,427,916 27,138,644 Karen Katz 38,040,661 2,353,422 27,138,644 Carol Melton 37,965,378 2,428,705 27,138,644”
Earnings Releases
TheRealReal, Inc. reported first quarter ended March 31, 2023 results: revenue $142 million, net income $(82.5) million, EPS $(0.83).
“Total Revenue was $142 million, a decrease of 3% compared to the same period in 2022”
Earnings Releases
TheRealReal, Inc. reported first quarter of 2023 results: revenue $135 - $145 million. Guidance initiated.
“Q1 2023 GMV $430 - $460 million Total Revenue $135 - $145 million Adjusted EBITDA $(35) - $(31) million”
Earnings Releases
TheRealReal, Inc. reported full year ended December 31, 2022 results: revenue $603 million, net income $196 million, EPS $(2.05).
“Full Year 2022 Financial Highlights • GMV was $1.8 billion, an increase of 23% compared to full year 2021 • Total Revenue was $603 million, an increase of 29% compared to full year 2021 • Net Loss was $196 million compared to $236 million in 2021 • Adjusted EBITDA was $(112.4) million or (18.6)% of total revenue compared to $(126.9) million or (27.1)% of total revenue for full year 2021 • GAAP basic and diluted net loss per share was $(2.05) compared to $(2.58) in the prior year 1”
Earnings Releases
TheRealReal, Inc. reported fourth quarter ended December 31, 2022 results: revenue $160 million, net income $39 million, EPS $(0.39).
“Fourth Quarter Financial Highlights • GMV was $493 million, an increase of 13% compared to the same period in 2021 • Total Revenue was $160 million, an increase of 10% compared to the same period in 2021 • Net Loss was $39 million compared to $52 million in the same period in 2021 • Adjusted EBITDA was $(20.2) million or (12.6)% of total revenue compared $(26.9) million or (18.5)% of total revenue in the fourth quarter of 2021 • GAAP basic and diluted net loss per share was $(0.39) compared to $(0.56) in the prior year period”
Restructurings & Charges
TheRealReal, Inc. announced a restructuring with charges of approximately $1.7 to 2.2 million affecting workforce and real estate footprint (approximately 230 employees (the “RIF”), representing approximately 7% of its workforce).
“Under this plan, the Company will (a) terminate approximately 230 employees (the “RIF”), representing approximately 7% of its workforce, and (b) reduce its real estate presence, as described herein (the “Real Estate Reduction Plan”). At this time, the Company intends to (i) close two flagship stores (San Francisco, California and Chicago, Illinois), two neighborhood stores (Atlanta, Georgia and Austin, Texas), and two luxury consignment offices (Miami, Florida and Washington, D.C.), including any co-located logistics hubs, and (ii) reduce its office spaces in San Francisco, California and New York, New York. The Company will continue to evaluate its real estate presence as it deems appropriate to create efficiencies and to address trends in the marketplace and macroeconomic factors. Costs Associated with the RIF The Company estimates that it will incur non-recurring charges of approximately $1.7 to 2.2 million in connection with the RIF, primarily consisting of severance payments, empl”
John E. Koryl was appointed as Chief Executive Officer at TheRealReal, Inc..
“John E. Koryl has been hired by the Company to serve as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors (the “Board”), effective as of February 6, 2023”
Earnings Releases
TheRealReal, Inc. reported the third quarter ended September 30, 2022 results: revenue $143 million, net income $(47.3) million, EPS $(0.49). Guidance reaffirmed.
“productivity and fixed cost leverage.” Third Quarter Financial Highlights • GMV wa s $441 million, an increase of 20% compared to the same period in 2021 • Total Revenue was $143 million, an increase of 20% compared to the same period in 2021 • Net Loss was $(47.3) million or (33.1)% of total revenue compared to $(57.2) million or (48.1)% in the same period in”
Robert Julian was appointed as Co-Interim Chief Executive Officer at TheRealReal, Inc..
“the Board appointed Rati Sahi Levesque and Robert Julian as Co-Interim Chief Executive Officers.”
Rati Sahi Levesque was appointed as Co-Interim Chief Executive Officer at TheRealReal, Inc..
“the Board appointed Rati Sahi Levesque and Robert Julian as Co-Interim Chief Executive Officers.”
Julie Wainwright resigned as Chief Executive Officer, Chairperson and Director at TheRealReal, Inc..
“On June 6, 2022, Founder of The RealReal, Inc. (the “Company”) Julie Wainwright resigned from her role as Chief Executive Officer, Chairperson and member of the board of directors (the “Board) of the Company, effective June 7, 2022.”
Emma Grede resigned as Director at TheRealReal, Inc..
“On February 8, 2022, Emma Grede resigned from the Board of Directors (the “Board”) of The RealReal, Inc. (the “Company”).”
Robert Julian was appointed as Chief Financial Officer at TheRealReal, Inc..
“On September 21, 2021, The RealReal, Inc. (the “Company”) announced the appointment of Robert Julian as Chief Financial Officer of the Company effective October 1, 2021 (the “Effective Date”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.