TheRealReal (REAL) EBT Margin (2018 - 2026)
TheRealReal (REAL) recorded EBT Margin of -14.09% in Q2 2026, down 7.26 percentage points from -6.83% a year earlier and down 34.67 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 -10.77% as of Jun 30, 2026, down 5.27 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 +2.61 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 20.58% (Q1 2026), -19.91% (Q4 2025) and -31.13% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 53.94 Bn | 19.93 Bn | 5.39 Bn | 12.11% |
| 2 | Tapestry | 22.74 Bn | 18.69 Bn | 1.56 Bn | 22.85% |
| 3 | Ralph Lauren | 21.47 Bn | 13.57 Bn | 1.44 Bn | 17.46% |
| 4 | Deckers Outdoor | 11.15 Bn | 4.02 Bn | - | - |
| 5 | Lululemon Athletica | 10.72 Bn | 4.97 Bn | 1.46 Bn | 19.35% |
| 6 | Levi Strauss | 7.64 Bn | 4.29 Bn | 979.10 Mn | 7.82% |
| 7 | Gildan Activewear | 6.52 Bn | 5.51 Bn | 459.76 Mn | 6.74% |
| 8 | Birkenstock Holding | 6.06 Bn | 4.37 Bn | 493.89 Mn | 22.24% |
| 9 | Crocs | 5.89 Bn | 5.30 Bn | 700.71 Mn | 22.38% |
| 10 | TheRealReal | 1.07 Bn | 569.14 Mn | 143.20 Mn | -14.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | -48.11% |
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();