Quarterly ResultMay 7, 2026, 04:24 PM
The RealReal Q1 Revenue +19% to $190M; Adj EBITDA $13.1M
AI Summary
The RealReal reported strong first-quarter 2026 financial results, with total revenue increasing 19% to $190 million and gross merchandise value (GMV) up 24% to $606 million compared to the prior year. The company significantly improved Adjusted EBITDA to $13.1 million from $4.1 million in Q1 2025, and reduced its GAAP diluted net loss per share. The RealReal also raised its full-year 2026 guidance, reflecting confidence in its strategic execution and leadership in the luxury resale market.
Key Highlights
- Q1 2026 GMV increased 24% to $606 million.
- Q1 2026 Total Revenue grew 19% to $190 million.
- Adjusted EBITDA improved to $13.1 million (6.9% of revenue) from $4.1 million YoY.
- GAAP diluted net loss per share improved to $(0.07) from $(0.14) YoY.
- Active buyers increased 10% to 1,083,000; AOV rose 15% to $646.
- Full-year 2026 GMV guidance raised to $2.42 - $2.47 billion.
- Full-year 2026 Total Revenue guidance raised to $770 - $784 million.