RealReal Q2 revenue beats estimates as buyers spend more

The RealReal

06/08/2026 21:45

Overview
U.S. luxury resale marketplace's Q2 revenue grew 17% yr/yr, beating analyst expectations
Company's Q2 GMV hit a record high, rising 22% yr/yr
Adjusted EBITDA margin expanded by 290 basis points yr/yr

Outlook
RealReal raises full-year 2026 GMV outlook to $2.535-$2.565 bln
Company sees full-year 2026 revenue of $788-$797 mln
RealReal expects Q3 2026 GMV of $610-$620 mln and revenue of $194-$198 mln

Result Drivers
BUYER SPENDING - Co said buyers are spending more, contributing to revenue and GMV growth
SELLER ENGAGEMENT - Co said sellers are more engaged, supporting supply and platform activity
PLATFORM IMPROVEMENTS - Co cited enhancements to customer experience and platform intelligence as drivers of growth

Company press release: ID:nPn4V7WH2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$193 mln
$188.12 mln (9 Analysts)
Q2 Net Loss
 
$27 mln
 
Q2 GMV
 
$617 mln
 

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 The RealReal, Inc. is $17.00, about 34.4% above its August 5 closing price of $12.65
The stock recently traded at 78 times the next 12-month earnings vs. a P/E of 126 three months ago

Reuters Recommended Reads
Aug 5 - ThredUp Q2 revenue slightly beats estimates on active buyer growth
Aug 5 - Shopify Q2 revenue rises 34% on broad GMV growth
Aug 5 - Capri Holdings Q1 profit beats on Jimmy Choo growth

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.)