Growth Metrics

TheRealReal (REAL) EBT Margin (2018 - 2026)

TheRealReal recorded quarterly EBT Margin of 20.58% in Q1 2026, up 203.39% quarter-over-quarter from 19.91% in Q4 2025, and down 1847.0% year-over-year from 1.18% in Q1 2025.

TheRealReal's EBT Margin history runs 9 years deep, the most recent figure standing at 20.58% for Q1 2026.

  • In Q1 2026, EBT Margin fell 1847.0% year-over-year to 20.58%; the TTM figure through Mar 2026 stood at 8.98% (down 243.0% YoY), while the FY2025 annual figure was 5.98%, up 1632.0% from the prior year.
  • EBT Margin came in at 20.58% for Q1 2026 at TheRealReal, up from 19.91% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 39.05% in Q1 2025 to a low of 58.08% in Q1 2023.
  • A 5-year average of 19.87% and a median of 21.58% in 2024 frame the typical range for EBT Margin.
  • Across the five-year window, EBT Margin sank 2658 bps in 2024 and jumped 6063 bps in 2025, its largest moves.
  • TheRealReal's EBT Margin stood at 24.14% in 2022, then surged by 37 bps to 15.11% in 2023, then slumped by 176 bps to 41.68% in 2024, then jumped by 52 bps to 19.91% in 2025, then soared by 203 bps to 20.58% in 2026.
  • According to Business Quant data, EBT Margin over the past three periods registered 20.58%, 19.91%, and 31.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Tapestry 28.43 Bn 27.36 Bn 1.48 Bn 21.66%
2 Signet Jewelers 3.51 Bn 2.64 Bn 985.10 Mn 13.74%
3 Capri Holdings 2.21 Bn 2.06 Bn 623.00 Mn 5.37%
4 TheRealReal 1.15 Bn 1.03 Bn 141.33 Mn 20.58%
5 Movado 835.22 Mn 606.10 Mn 103.63 Mn 4.57%
6 Envela 620.27 Mn 581.65 Mn 20.62 Mn 11.49%
7 Brilliant Earth 19.84 Mn 21.09 Mn 54.07 Mn -8.50%
8 Lanvin Group Holdings 223,892.13 -35.01 Mn - -
9 LuxExperience B.V 16,823.61 -364.20 Mn 329.37 Mn -4.81%
10 AsiaStrategy - - - -

Historic Data

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DateValue
Mar 31, 2026 20.58%
Dec 31, 2025 -19.91%
Sep 30, 2025 -31.13%
Jun 30, 2025 -6.83%
Mar 31, 2025 39.05%
Dec 31, 2024 -41.68%
Sep 30, 2024 -12.09%
Jun 30, 2024 -11.50%
Mar 31, 2024 -21.58%
Dec 31, 2023 -15.11%
Sep 30, 2023 -17.20%
Jun 30, 2023 -31.50%
Mar 31, 2023 -58.08%
Dec 31, 2022 -24.14%
Sep 30, 2022 -33.07%
Jun 30, 2022 -34.40%
Mar 31, 2022 -39.14%
Dec 31, 2021 -35.98%
Sep 30, 2021 -48.11%
Jun 30, 2021 -67.39%
Mar 31, 2021 -56.63%
Dec 31, 2020 -58.41%
Sep 30, 2020 -56.01%
Jun 30, 2020 -74.94%
Mar 31, 2020 -49.35%
Dec 31, 2019 -24.89%
Sep 30, 2019 -31.01%
Jun 30, 2019 -37.78%
Mar 31, 2019 -32.90%
Dec 31, 2018 -32.31%
Sep 30, 2018 -42.15%
Jun 30, 2018 -37.45%