TheRealReal (REAL) FCF Margin (2018 - 2026)
TheRealReal's FCF Margin came in at -1.25% for Q2 2026, up 5.63 percentage points from -6.89% a year earlier and up 11.45 percentage points from the prior quarter.
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Analysis
TheRealReal (REAL) FCF Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, TheRealReal reported FCF Margin of 4.83%, up 7.40 percentage points year-over-year; for FY2025, it came in at 2.65%, up 0.55 percentage points from FY2024.
- FCF Margin has increased in each of the last five years, with a five-year change of +53.55 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 2.10% in FY2024 (+18.56 pp), -16.47% in FY2023 (+2.49 pp), -18.96% in FY2022 (+19.45 pp) and -38.41% in FY2021 (+12.49 pp).
- The five-year range for quarterly FCF Margin is -37.64% (Q3 2021) to 23.62% (Q4 2025).
- Year-over-year, FCF Margin has increased for four consecutive quarters, with an average year-over-year change of +4.72 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2021 (a gain of 29.32 percentage points), and the weakest in Q3 2021 (a drop of 19.31 percentage points).
- Business Quant data shows REAL's FCF Margin at -12.70% (Q1 2026), 23.62% (Q4 2025) and 9.73% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 53.14 Bn | 19.13 Bn | 5.39 Bn | 13.66% |
| 2 | Tapestry | 22.87 Bn | 18.83 Bn | 1.56 Bn | 24.99% |
| 3 | Ralph Lauren | 21.39 Bn | 13.49 Bn | 1.44 Bn | 14.59% |
| 4 | Deckers Outdoor | 11.06 Bn | 3.93 Bn | - | - |
| 5 | Lululemon Athletica | 10.32 Bn | 4.58 Bn | 1.46 Bn | 9.32% |
| 6 | Levi Strauss | 7.62 Bn | 4.28 Bn | 979.10 Mn | 14.78% |
| 7 | Gildan Activewear | 6.55 Bn | 5.54 Bn | 459.76 Mn | 23.21% |
| 8 | Birkenstock Holding | 6.07 Bn | 4.38 Bn | 493.89 Mn | 37.90% |
| 9 | Crocs | 5.90 Bn | 5.31 Bn | 700.71 Mn | 28.06% |
| 10 | TheRealReal | 1.07 Bn | 566.71 Mn | 143.20 Mn | -1.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.25% |
| Mar 31, 2026 | -12.70% |
| Dec 31, 2025 | 23.62% |
| Sep 30, 2025 | 9.73% |
| Jun 30, 2025 | -6.89% |
| Mar 31, 2025 | -20.61% |
| Dec 31, 2024 | 13.97% |
| Sep 30, 2024 | 3.42% |
| Jun 30, 2024 | -6.73% |
| Mar 31, 2024 | -3.90% |
| Dec 31, 2023 | 4.79% |
| Sep 30, 2023 | -12.54% |
| Jun 30, 2023 | -29.41% |
| Mar 31, 2023 | -29.70% |
| Dec 31, 2022 | -1.73% |
| Sep 30, 2022 | -9.92% |
| Jun 30, 2022 | -27.85% |
| Mar 31, 2022 | -37.15% |
| Dec 31, 2021 | -17.87% |
| Sep 30, 2021 | -37.64% |
API Access
TheRealReal FCF 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=fcf-margin&ticker=REAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=REAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();