Balance Sheet
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Accumulated Depreciation & AmortizationCost of RevenueEBIATLeasesMachine, Furnitures, Fixtures & OtherOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Receivables - NetReceivables - OtherShares Issued
Ratios

TheRealReal (REAL) Cost of Revenue (2018 - 2025)

TheRealReal (REAL) has disclosed Cost of Revenue for 8 consecutive years, with $17.7 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue rose 21.16% to $17.7 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $93.8 million through Dec 2025, down 8.02% year-over-year, with the annual reading at $63.3 million for FY2025, 14.47% up from the prior year.
  • Cost of Revenue hit $17.7 million in Q4 2025 for TheRealReal, down from $44.7 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $66.7 million in Q2 2022 to a low of -$128.8 million in Q4 2022.
  • Historically, Cost of Revenue has averaged $20.1 million across 5 years, with a median of $17.8 million in 2022.
  • Biggest five-year swings in Cost of Revenue: crashed 800.94% in 2022 and later soared 189.39% in 2023.
  • Year by year, Cost of Revenue stood at $18.4 million in 2021, then plummeted by 800.94% to -$128.8 million in 2022, then surged by 110.73% to $13.8 million in 2023, then grew by 5.75% to $14.6 million in 2024, then rose by 21.16% to $17.7 million in 2025.
  • Business Quant data shows Cost of Revenue for REAL at $17.7 million in Q4 2025, $44.7 million in Q3 2025, and $15.5 million in Q2 2025.