RealReal Q4 revenue beats estimates

Overview

• Online luxury marketplace's Q4 revenue grew 18%, beating analyst expectations

• Q4 GMV increased 22% yr/yr, reaching $616 mln

• Q4 Adjusted EBITDA was $22 mln, up from $11 mln last year

Outlook

• RealReal projects Q1 2026 GMV between $585 mln and $600 mln

• RealReal expects full-year 2026 GMV between $2.39 bln and $2.45 bln

• Company forecasts Q1 2026 revenue between $185 mln and $189 mln

Result Drivers

• GMV GROWTH - Q4 GMV rose 22% yr/yr to $616 mln, driven by increased buyer activity and higher order values

• STRATEGIC INITIATIVES - Growth driven by execution of growth playbook, operational excellence, and customer service focus

• CONSUMER MINDSET SHIFT - 47% of luxury consumers now consider resale value, boosting market demand

Company press release: ID:nGNX7XNfhj

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the department stores peer group is "buy"

• Wall Street's median 12-month price target for RealReal Inc is $18.00, about 49.8% above its February 25 closing price of $12.02

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