RealReal Q1 revenue up 19%, beats estimates on growth in Gen Z, Millennial buyers

Realreal

07/05/2026 21:34

Overview

US luxury resale marketplace's Q1 revenue rose 19%, slightly beating analyst expectations

Adjusted EBITDA for Q1 improved to $13.1 mln from $4.1 mln a year earlier

Company's Q1 GMV rose 24% and active buyers increased 10% yr/yr

Outlook

Company raises full-year 2026 guidance for GMV to $2.42-$2.47 bln

Company sees Q2 2026 GMV of $590-$600 mln

Company expects full-year 2026 revenue of $770-$784 mln

Result Drivers

ACTIVE BUYER GROWTH - Co said trailing 12-month active buyers rose 10% yr/yr, led by Gen Z and Millennials

HIGHER ORDER VALUE - Co reported average order value increased 15% yr/yr to $646

SUPPLY UNLOCKING - Co attributed results to unlocking supply through its growth playbook and operational execution, per CEO Rati Levesque

Company press release: ID:nGNX83r438

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$190 mln
$188.39 mln (9 Analysts)
Q1 Net Income
$39 mln
Q1 GMV
$606 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $18.25, about 40.4% above its May 6 closing price of $13.00

The stock recently traded at 136 times the next 12-month earnings vs. a P/E of 685 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)