Growth Metrics

TheRealReal (REAL) FCF Margin (2018 - 2026)

TheRealReal recorded quarterly FCF Margin of 10.12% in Q1 2026, down 142.42% quarter-over-quarter from 23.85% in Q4 2025, and up 934.0% year-over-year from 0.98% in Q1 2025.

TheRealReal's FCF Margin history runs 9 years deep, the most recent figure standing at 10.12% for Q1 2026.

  • In Q1 2026, FCF Margin rose 934.0% year-over-year to 10.12%; the TTM figure through Mar 2026 stood at 4.99% (up 669.0% YoY), while the FY2025 annual figure was 3.48%, up 98.0% from the prior year.
  • FCF Margin came in at 10.12% for Q1 2026 at TheRealReal, down from 23.85% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 23.85% in Q4 2025 to a low of 35.13% in Q2 2023.
  • A 5-year average of 7.02% and a median of 6.72% in 2024 frame the typical range for FCF Margin.
  • Across the five-year window, FCF Margin jumped 2841 bps in 2024 and slumped 1555 bps in 2025, its largest moves.
  • TheRealReal's FCF Margin stood at 0.2% in 2022, then surged by 8266 bps to 16.11% in 2023, then decreased by 4 bps to 15.47% in 2024, then surged by 54 bps to 23.85% in 2025, then sank by 142 bps to 10.12% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 10.12%, 23.85%, and 9.31% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Tapestry 28.43 Bn 27.36 Bn 1.48 Bn 9.37%
2 Signet Jewelers 3.51 Bn 2.64 Bn 985.10 Mn 28.84%
3 Capri Holdings 2.21 Bn 2.06 Bn 623.00 Mn 20.29%
4 TheRealReal 1.15 Bn 1.03 Bn 141.33 Mn -10.12%
5 Movado 835.22 Mn 606.10 Mn 103.63 Mn 29.05%
6 Envela 620.27 Mn 581.65 Mn 20.62 Mn 20.93%
7 Brilliant Earth 19.84 Mn 21.09 Mn 54.07 Mn -19.03%
8 Lanvin Group Holdings 223,892.13 -35.01 Mn - -
9 LuxExperience B.V 16,823.61 -364.20 Mn 329.37 Mn -
10 AsiaStrategy - - - -

Historic Data

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DateValue
Mar 31, 2026 -10.12%
Dec 31, 2025 23.85%
Sep 30, 2025 9.31%
Jun 30, 2025 -4.35%
Mar 31, 2025 -19.45%
Dec 31, 2024 15.47%
Sep 30, 2024 3.42%
Jun 30, 2024 -6.72%
Mar 31, 2024 -3.91%
Dec 31, 2023 16.11%
Sep 30, 2023 -12.54%
Jun 30, 2023 -35.13%
Mar 31, 2023 -24.42%
Dec 31, 2022 -0.20%
Sep 30, 2022 -11.11%
Jun 30, 2022 -25.37%
Mar 31, 2022 -34.13%
Dec 31, 2021 -14.66%
Sep 30, 2021 -18.41%
Jun 30, 2021 -52.64%
Mar 31, 2021 -54.38%
Dec 31, 2020 -63.20%
Sep 30, 2020 -0.45%
Jun 30, 2020 -62.81%
Mar 31, 2020 -78.76%
Dec 31, 2019 1.12%
Sep 30, 2019 -10.52%
Jun 30, 2019 -45.03%
Mar 31, 2019 -34.37%
Dec 31, 2018 -6.59%
Sep 30, 2018 -29.97%