TheRealReal, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue:
Total cost of revenue $49.9m $76.8m $114.8m $112.4m $194.2m $254.8m $173.0m $153.0m $176.0m
Gross profit $87.6m $136.9m $203.2m $187.6m $273.5m $348.7m $376.3m $447.5m $516.8m
Selling, general and administrative $44.0m $63.7m $110.7m $141.8m $176.4m $195.2m $182.5m $187.7m $201.6m
Total operating expenses $139.4m $210.8m $301.6m $360.4m $488.4m $537.9m $542.6m $504.0m $540.8m
Marketing $36.7m $42.2m $47.7m $54.8m $62.7m $63.1m $58.3m $55.3m $63.3m
Operations and technology $58.7m $104.9m $143.2m $163.8m $235.8m $279.1m $257.0m $260.8m $275.9m
Restructuring charges $2.3m $896k $43.5m $196k $0
Loss from operations ($51.8m) ($73.9m) ($98.4m) ($172.8m) ($214.9m) ($189.2m) ($166.3m) ($56.5m) ($23.9m)
Change in fair value of warrant liability $0 $0 ($68.2m) ($35.8m)
Gain on extinguishment of debt $0 $0 $4.2m $40.8m
Interest income $355k $1.0m $4.6m $2.5m $365k $3.2m $8.8m $7.9m $4.3m
Other income, net ($2.1m) ($169k) $23k $171k $0 $0 $926k
Loss before provision for income taxes ($52.3m) ($75.7m) ($96.5m) ($175.7m) ($236.1m) ($196.3m) ($168.2m) ($133.9m) ($41.4m)
Provision for income taxes $57k $99k $199k $101k $56k $172k $283k $276k $363k
Net loss attributable to common stockholders ($54.9m) ($84.7m) ($100.1m) ($175.8m) ($236.1m) ($196.4m) ($168.5m) ($134.2m) ($41.8m)
Net loss per share attributable to common stockholders, basic (in dollars per share) ($2) ($2) ($3) ($2) ($2) ($1) ($0)
Net loss per share attributable to common stockholders, diluted (in dollars per share) ($2) ($2) ($3) ($2) ($2) ($1) ($1)
Weighted average shares used to compute net loss per share attributable to common stockholders, basic (in shares) ($2) ($2) ($3) ($2) ($2) ($1) ($0)
Weighted average shares used to compute net loss per share attributable to common stockholders, diluted (in shares) ($2) ($2) ($3) ($2) ($2) ($1) ($0)
Interest expense ($762k) ($1.2m) ($616k) ($5.3m) ($21.5m) ($10.5m) ($10.7m) ($21.4m) ($27.7m)