Stocktoria

TheRealReal, Inc. REAL

Nasdaq · stock · Retail-Miscellaneous Retail · website · IPO 2019-06-28

TheRealReal, Inc. statistics & valuation

Market cap$1.5B
P / S2.1×
P / FCF79.8×
Net margin-6.0%
FCF margin2.7%
Return on capital-16.5%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-35.40% -31.10% -58.60% -50.50% -32.60% -30.70% -22.30% -6.00% 20182019202020212022202320242025
Gross margin (%)
64.10% 63.70% 62.50% 58.50% 57.80% 68.50% 74.50% 74.60% 20182019202020212022202320242025
Operating margin (%)
-34.60% -31.60% -57.60% -46.00% -31.30% -30.30% -9.40% -3.50% 20182019202020212022202320242025
Return on equity (%)
-29.20% -91.90% -322.90% 20182019202020212022202320242025
Shares outstanding
8.6M 85.9M 89.3M 93.0M 99.1M 104.7M 111.2M 118.3M 20182019202020212022202320242025
Net debt ($)
-$31.1M 20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
-55.90% -21.20% -29.10% -31.30% -31.90% -37.70% -31.70% -10.20% 20182019202020212022202320242025
Free cash flow margin (%)
-28.30% -25.10% -50.90% -38.40% -19.00% -16.50% 2.10% 2.70% 20182019202020212022202320242025
Debt / equity (×)
20182019202020212022202320242025
EPS ($)
-$2.14 -$2.01 -$2.58 -$2.05 -$1.65 -$1.24 -$0.70 20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin74.6%74.5%68.5%57.8%58.5%62.5%63.7%64.1%
Operating margin-3.5%-9.4%-30.3%-31.3%-46.0%-57.6%-31.6%-34.6%
Net margin-6.0%-22.3%-30.7%-32.6%-50.5%-58.6%-31.1%-35.4%
FCF margin2.7%2.1%-16.5%-19.0%-38.4%-50.9%-25.1%-28.3%
Return on assets-10.2%-31.7%-37.7%-31.9%-31.3%-29.1%-21.2%-55.9%
Return on equity10.1%32.9%55.5%115.5%-322.9%-91.9%-29.2%29.4%
Debt / equity———————-0.01×
Current ratio0.860.941.251.792.752.843.431.01

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.