TheRealReal (REAL) EBT Margin (2018 - 2026)
TheRealReal's (REAL) quarterly EBT Margin came in at 20.58% in Q1 2026, down 1847.0% year-on-year from 1.18% in Q1 2025, and up 203.39% quarter-over-quarter from 19.91% in Q4 2025.
TheRealReal (REAL) EBT Margin (2018 - 2026) Analysis & Trends
TheRealReal has disclosed EBT Margin across 9 years of filings, most recently posting 20.58% for Q1 2026.
- EBT Margin for Q1 2026 came in at 20.58%, down 1847.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 8.98% (down 243.0% YoY), and the FY2025 annual result 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.
- The 5-year median for EBT Margin is 21.58% (2024), against an average of 19.87%.
- Across the five-year window, EBT Margin slumped 2658 bps in 2024 and soared 6063 bps in 2025, its largest moves.
- TheRealReal's EBT Margin stood at 24.14% in 2022, then jumped by 37 bps to 15.11% in 2023, then tumbled by 176 bps to 41.68% in 2024, then soared by 52 bps to 19.91% in 2025, then surged by 203 bps to 20.58% in 2026.
- The last three EBT Margin figures came in at 20.58% (Q1 2026), 19.91% (Q4 2025), and 31.13% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tapestry | 29.56 Bn | 28.49 Bn | 1.48 Bn | 21.66% |
| 2 | Signet Jewelers | 3.64 Bn | 2.76 Bn | 985.10 Mn | 13.74% |
| 3 | Capri Holdings | 2.42 Bn | 2.27 Bn | 623.00 Mn | 5.37% |
| 4 | TheRealReal | 1.48 Bn | 1.36 Bn | 141.33 Mn | 20.58% |
| 5 | Movado | 851.68 Mn | 622.56 Mn | 103.63 Mn | 4.57% |
| 6 | Envela | 711.92 Mn | 673.30 Mn | 20.62 Mn | 11.49% |
| 7 | LuxExperience B.V | 18.43 Mn | -337.64 Mn | 329.37 Mn | -4.81% |
| 8 | Brilliant Earth | 17.08 Mn | 18.33 Mn | 54.07 Mn | -8.50% |
| 9 | Lanvin Group Holdings | 212,903.55 | -35.02 Mn | - | - |
| 10 | Birks | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |