The RealReal

The RealReal

Broadline Retail
The RealReal is the largest pure-play luxury resale platform in the US, generating $1.8 billion in 2024 gross merchandise volume and addressing a niche (personal luxury resale) that had previously been serviced by inefficient upscale boutiques and local pawn shops. The company generates revenue via consignment and first-party sales on its online marketplace, and through a small volume of direct sales. With a hands-on approach that actively sources inventory and authenticates every item on its platform, The RealReal is able to justify much higher take rates than peers, working out to roughly 36% of net merchandise value in 2024, which excludes returns, cancellations, and first-party sales.

$1.4B

Market Cap • 10/29/2026

2011

(15 years)

Founded

2019

(7 years ago)

IPO

NASDAQ

Listing Exchange

Flag of United States

United States

Country

Valuation

P/B

—

P/S

1,8

P/EBITDA

40,1

P/OCF

23,8

P/FCF

40,9

P/E

—

BVPS

—

EPS

—

Market Cap

Market Cap

1,4B

EV

1,7B

EV/Revenue

2,2

EV/EBITDA

49,5

EV/EBIT

548,5

Payout

Dividend Per Share

0

Dividend Yield

0%

Buyback Yield

-0,2%

Total Yield

-0,2%

Payout

0%

Retained Earnings

-1,3B

Profitability

Gross Margin

74,7%

EBITDA Margin

4,5%

EBIT Margin

—

Net Margin

—

D&A/EBITDA

0%

R&D/Revenue

0%

Capex/Revenue

3,2%

Capex/D&A

77,3%

Capex/OCF

41,8%

SBC/OCF

46,7%

% PPE

40,6%

% Goodwill

0%

ROE

3%

ROIC

1,5%

Growth

CAGR Revenue 5Y

13,8%

CAGR Net Income 5Y

-45,7%

CAGR EPS 5Y

-23,7%

Leverage

N.D./EBITDA

9,4

Debt/Equity

0%

Current Ratio

0,8

Quick Ratio

0,6

Interest Coverage

10,9%

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