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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

TheRealReal (REAL) EBITDA Margin (2018 - 2025)

TheRealReal (REAL) has disclosed EBITDA Margin for 8 consecutive years, with 3.23% as the latest value for Q4 2025.

  • Quarterly EBITDA Margin rose 637.0% to 3.23% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 3.45% through Dec 2025, up 595.0% year-over-year, with the annual reading at 3.45% for FY2025, 595.0% up from the prior year.
  • EBITDA Margin hit 3.23% in Q4 2025 for TheRealReal, up from 4.35% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 3.23% in Q4 2025 to a low of 61.76% in Q2 2021.
  • Historically, EBITDA Margin has averaged 24.5% across 5 years, with a median of 20.33% in 2022.
  • Biggest five-year swings in EBITDA Margin: crashed -2035bps in 2023 and later surged 4517bps in 2024.
  • Year by year, EBITDA Margin stood at 31.82% in 2021, then increased by 25bps to 23.77% in 2022, then soared by 38bps to 14.69% in 2023, then soared by 79bps to 3.14% in 2024, then surged by 203bps to 3.23% in 2025.
  • Business Quant data shows EBITDA Margin for REAL at 3.23% in Q4 2025, 4.35% in Q3 2025, and 5.98% in Q2 2025.