TheRealReal (REAL) EBITDA Margin (2018 - 2026)
TheRealReal's (REAL) quarterly EBITDA Margin came in at 1.2% in Q1 2026, up 678.0% year-on-year from 0.15% in Q1 2025, and down 137.09% quarter-over-quarter from 3.23% in Q4 2025.
TheRealReal (REAL) EBITDA Margin (2018 - 2026) Analysis & Trends
TheRealReal has disclosed EBITDA Margin across 9 years of filings, most recently posting 1.2% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 1.2%, up 678.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.86% (up 646.0% YoY), and the FY2025 annual result was 3.45%, up 595.0% from the prior year.
- EBITDA Margin came in at 1.2% for Q1 2026 at TheRealReal, down from 3.23% 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 57.64% in Q1 2023.
- The 5-year median for EBITDA Margin is 12.97% (2024), against an average of 17.72%.
- Across the five-year window, EBITDA Margin sank 2035 bps in 2023 and soared 4517 bps in 2024, its largest moves.
- TheRealReal's EBITDA Margin stood at 23.77% in 2022, then jumped by 38 bps to 14.69% in 2023, then jumped by 79 bps to 3.14% in 2024, then soared by 203 bps to 3.23% in 2025, then sank by 137 bps to 1.2% in 2026.
- The last three EBITDA Margin figures came in at 1.2% (Q1 2026), 3.23% (Q4 2025), and 4.35% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tapestry | 29.56 Bn | 28.49 Bn | 1.48 Bn | 22.26% |
| 2 | Signet Jewelers | 3.64 Bn | 2.76 Bn | 985.10 Mn | 13.57% |
| 3 | Capri Holdings | 2.42 Bn | 2.27 Bn | 623.00 Mn | 16.98% |
| 4 | TheRealReal | 1.48 Bn | 1.36 Bn | 141.33 Mn | -1.20% |
| 5 | Movado | 851.68 Mn | 622.56 Mn | 103.63 Mn | 7.21% |
| 6 | Envela | 711.92 Mn | 673.30 Mn | 20.62 Mn | 11.40% |
| 7 | LuxExperience B.V | 18.43 Mn | -337.64 Mn | 329.37 Mn | -5.30% |
| 8 | Brilliant Earth | 17.08 Mn | 18.33 Mn | 54.07 Mn | -8.93% |
| 9 | Lanvin Group Holdings | 212,903.55 | -35.02 Mn | - | - |
| 10 | Birks | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.20% |
| Dec 31, 2025 | 3.23% |
| Sep 30, 2025 | -4.35% |
| Jun 30, 2025 | -5.98% |
| Mar 31, 2025 | -7.98% |
| Dec 31, 2024 | -3.14% |
| Sep 30, 2024 | -9.88% |
| Jun 30, 2024 | -12.97% |
| Mar 31, 2024 | -12.48% |
| Dec 31, 2023 | -14.69% |
| Sep 30, 2023 | -16.89% |
| Jun 30, 2023 | -31.29% |
| Mar 31, 2023 | -57.64% |
| Dec 31, 2022 | -23.77% |
| Sep 30, 2022 | -31.90% |
| Jun 30, 2022 | -33.01% |
| Mar 31, 2022 | -37.29% |
| Dec 31, 2021 | -31.82% |
| Sep 30, 2021 | -43.05% |
| Jun 30, 2021 | -61.76% |