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

TheRealReal has disclosed Cost of Revenue across 9 years of filings, most recently posting $18.6 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $18.6 million, down 53.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $66.0 million (up 587.15% YoY), and the FY2025 annual result 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.
• The 5-year median for Cost of Revenue is $15.5 million (2025), against an average of $19.1 million.
• Across the five-year window, Cost of Revenue surged 243.18% in 2022 and tumbled 503.73% in 2024, its largest moves.
• TheRealReal's 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 soared by 131.74% to $17.7 million in 2025, then climbed by 4.83% to $18.6 million in 2026.
• The last three Cost of Revenue figures came in at $18.6 million (Q1 2026), $17.7 million (Q4 2025), and $14.1 million (Q3 2025), per Business Quant data.