Online marketplace RealReal Q3 revenue beats estimates on GMV strength

Realreal

10/11/2025 21:14

Overview

RealReal Q3 revenue grows 17% yr/yr, beating analyst expectations

Company's GMV increased 20% compared to the same period in 2024

Adjusted EBITDA margin rose to 5.4%, reflecting operational efficiency

Outlook

RealReal raises full-year 2025 guidance based on current market conditions

Company expects Q4 2025 GMV between $585 mln and $595 mln

RealReal sees full-year 2025 revenue between $687 mln and $690 mln

Result Drivers

GMV INCREASE - Gross merchandise value rose 20% yr/yr, driven by strategic initiatives and operational efficiency

DIRECT REVENUE GROWTH - Direct revenue surged 47% yr/yr, contributing to overall revenue increase

STRATEGIC PILLARS - Growth attributed to execution of strategic pillars: unlocking supply, operational efficiency, and service focus

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$174 mln
$170.51 mln (7 Analysts)
Q3 Net Income
-$54 mln
Q3 GMV
$520 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $11.50, about 4.4% above its November 7 closing price of $10.99

Press Release: ID:nGNXbcZ2LT

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)