TheRealReal (REAL) Cost of Revenue (2018 - 2026)
TheRealReal (REAL) posted Cost of Revenue of $48.4 million for Q1 2026, up 173.31% sequentially from $17.7 million in Q4 2025, and up 205.15% YoY from $15.9 million in Q1 2025.
TheRealReal (REAL) Cost of Revenue (2018 - 2026) Analysis & Trends
TheRealReal has reported Cost of Revenue for 9 years, with the latest figure at $48.4 million in Q1 2026.
- Quarterly Cost of Revenue rose 205.15% year-over-year to $48.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $95.8 million (up 780.22% YoY) and the FY2025 annual result came in at $63.3 million, up 14.47% from the prior year.
- Cost of Revenue climbed to $48.4 million in Q1 2026 per REAL's latest filing, from $17.7 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $63.0 million in Q4 2022 and troughed at -$55.8 million in Q4 2024.
- A 5-year average of $23.5 million and a median of $17.0 million in 2022 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue jumped 262.4% in 2022, then tumbled 503.73% in 2024.
- Over 5 years, Cost of Revenue stood at $63.0 million in 2022, then plunged by 78.09% to $13.8 million in 2023, then sank by 503.73% to -$55.8 million in 2024, then surged by 131.74% to $17.7 million in 2025, then jumped by 173.31% to $48.4 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $48.4 million, $17.7 million, and $14.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Tapestry | 26.15 Bn | 24.99 Bn | 1.56 Bn | 313.00 Mn |
| 2 | Signet Jewelers | 3.73 Bn | 3.13 Bn | 556.50 Mn | 997.10 Mn |
| 3 | Capri Holdings | 1.87 Bn | 1.73 Bn | - | - |
| 4 | TheRealReal | 1.33 Bn | 1.22 Bn | 143.20 Mn | 49.37 Mn |
| 5 | LuxExperience B.V | 1.07 Bn | 703.47 Mn | 329.37 Mn | 69.60 Mn |
| 6 | Movado | 805.20 Mn | 574.66 Mn | 103.63 Mn | 87.95 Mn |
| 7 | Envela | 419.96 Mn | 376.52 Mn | 13.38 Mn | 43.40 Mn |
| 8 | Lanvin Group Holdings | 132.35 Mn | 94.30 Mn | - | - |
| 9 | AsiaStrategy | 67.74 Mn | 48.66 Mn | - | - |
| 10 | Brilliant Earth | 22.13 Mn | -52.95 Mn | 66.64 Mn | 48.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 49.37 Mn |
| Jun 30, 2026 | 49.37 Mn |
| Mar 31, 2026 | 48.38 Mn |
| Mar 31, 2026 | 48.38 Mn |
| Dec 31, 2025 | 17.70 Mn |
| Dec 31, 2025 | 17.70 Mn |
| Sep 30, 2025 | 14.15 Mn |
| Sep 30, 2025 | 14.15 Mn |
| Jun 30, 2025 | 15.55 Mn |
| Jun 30, 2025 | 15.55 Mn |
| Mar 31, 2025 | 15.86 Mn |
| Mar 31, 2025 | 15.86 Mn |
| Dec 31, 2024 | -55.78 Mn |
| Dec 31, 2024 | -55.78 Mn |
| Sep 30, 2024 | 37.04 Mn |
| Sep 30, 2024 | 37.04 Mn |
| Jun 30, 2024 | 13.76 Mn |
| Jun 30, 2024 | 13.76 Mn |
| Mar 31, 2024 | 15.28 Mn |
| Mar 31, 2024 | 15.28 Mn |