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AI brief of an SEC Form 8-K · TheRealReal, Inc. (REAL)

The RealReal Q3 revenue rises 19% to $206 million; raises full-year outlook

Positive Impact 4 of 5 earnings Written later

The RealReal reported third quarter 2026 total revenue of $206 million, up 19% from the prior-year quarter, and net income of $16 million, compared with a net loss of $54 million a year earlier. The company also raised its full-year 2026 outlook, with total revenue now guided to $806 million to $810 million, which signals improved expectations for shareholders.

Key points

  • Q3 2026 GMV was $642 million, up 23%, and total revenue was $206 million, up 19%.
  • Net income was $16 million, including a $21.2 million non-cash gain from the change in fair value of warrant liability; GAAP diluted net loss per share was $(0.04).
  • Full-year 2026 guidance: total revenue of $806 million to $810 million and Adjusted EBITDA of $71.1 million to $72.6 million.
  • Adjusted EBITDA margin was 8.3%, up 290 basis points from 5.4% a year earlier.

The filing

CompanyTheRealReal, Inc. (REAL)
Form8-K, current report
Filed with the SECOct 29, 2026, 4:17 PM ET
Accession number0001573221-26-000064

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.