TheRealReal (REAL) Cost of Revenue (2018 - 2026)

TheRealReal's Cost of Revenue history runs 9 years deep, the most recent figure standing at $18.6 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 53.62% year-over-year to $18.6 million; the TTM figure through Mar 2026 stood at $66.0 million (up 587.15% YoY), while the FY2025 annual figure was $63.3 million, up 14.47% from the prior year.
• Cost of Revenue came in at $18.6 million for Q1 2026 at TheRealReal, up from $17.7 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $63.0 million in Q4 2022 to a low of -$55.8 million in Q4 2024.
• A 5-year average of $19.1 million and a median of $15.5 million in 2025 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue soared 243.18% in 2022 and slumped 503.73% in 2024, its largest moves.
• TheRealReal's Cost of Revenue stood at $63.0 million in 2022, then tumbled by 78.09% to $13.8 million in 2023, then plunged by 503.73% to -$55.8 million in 2024, then jumped by 131.74% to $17.7 million in 2025, then grew by 4.83% to $18.6 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $18.6 million, $17.7 million, and $14.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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