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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

TheRealReal (REAL) Gross Margin (2018 - 2025)

TheRealReal (REAL) has disclosed Gross Margin for 8 consecutive years, with 74.83% as the latest value for Q4 2025.

  • Quarterly Gross Margin rose 40.0% to 74.83% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 74.59% through Dec 2025, up 7.0% year-over-year, with the annual reading at 74.59% for FY2025, 7.0% up from the prior year.
  • Gross Margin hit 74.83% in Q4 2025 for TheRealReal, up from 74.27% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 75.0% in Q1 2025 to a low of 53.59% in Q1 2022.
  • Historically, Gross Margin has averaged 66.81% across 5 years, with a median of 68.25% in 2023.
  • Biggest five-year swings in Gross Margin: crashed -592bps in 2021 and later skyrocketed 1346bps in 2023.
  • Year by year, Gross Margin stood at 55.56% in 2021, then rose by 9bps to 60.51% in 2022, then grew by 22bps to 73.97% in 2023, then rose by 1bps to 74.43% in 2024, then increased by 1bps to 74.83% in 2025.
  • Business Quant data shows Gross Margin for REAL at 74.83% in Q4 2025, 74.27% in Q3 2025, and 74.26% in Q2 2025.