TheRealReal (REAL) EBT Margin (2018 - 2026)
TheRealReal (REAL) recorded EBT Margin of 7.82% in Q3 2026, up 38.95 percentage points from -31.13% a year earlier and up 21.91 percentage points from the prior quarter.
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Analysis
TheRealReal (REAL) EBT Margin (2018 - 2026) Analysis & Trends
On a TTM basis, TheRealReal's EBT Margin came in at -1.35% as of Sep 30, 2026, up 9.38 percentage points year-over-year; for FY2025, it came in at -5.98%, up 16.32 percentage points from FY2024.
- Annual EBT Margin has increased for five straight years, with a five-year change of +52.61 percentage points (FY2020 to FY2025).
- Across earlier years, EBT Margin came in at -22.30% in FY2024 (+8.32 pp), -30.62% in FY2023 (+1.90 pp), -32.52% in FY2022 (+17.95 pp) and -50.47% in FY2021 (+8.12 pp).
- Quarterly EBT Margin has ranged from -58.08% in Q1 2023 to 39.05% in Q1 2025 over the past five years.
- On a year-over-year basis, EBT Margin rose in four of the last eight quarters, with an average year-over-year change of +6.84 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 60.63 percentage points in Q1 2025, against a drop of 26.58 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -14.09% (Q2 2026), 20.58% (Q1 2026) and -19.91% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 57.55 Bn | 23.75 Bn | 4.80 Bn | 8.21% |
| 2 | Tapestry | 27.52 Bn | 23.48 Bn | 1.56 Bn | 22.85% |
| 3 | Ralph Lauren | 23.85 Bn | 15.77 Bn | 1.63 Bn | 16.83% |
| 4 | Lululemon Athletica | 12.34 Bn | 6.60 Bn | 1.46 Bn | 19.35% |
| 5 | Deckers Outdoor | 12.04 Bn | 5.24 Bn | 895.11 Mn | 27.25% |
| 6 | Levi Strauss | 9.26 Bn | 5.84 Bn | 1.07 Bn | 13.67% |
| 7 | V F | 8.01 Bn | 4.61 Bn | 1.49 Bn | 12.87% |
| 8 | Crocs | 7.52 Bn | 6.93 Bn | 689.73 Mn | 26.61% |
| 9 | Birkenstock Holding | 6.90 Bn | 5.23 Bn | 493.89 Mn | 22.24% |
| 10 | TheRealReal | 1.77 Bn | 1.25 Bn | 154.40 Mn | 7.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.82% |
| Jun 30, 2026 | -14.09% |
| 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% |
API Access
TheRealReal EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=REAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "REAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=REAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();