TheRealReal (REAL) Net Margin (2018 - 2026)
TheRealReal (REAL) posted Net Margin of 20.52% for Q1 2026, up 202.69% sequentially from 19.99% in Q4 2025, and down 1847.0% YoY from 1.17% in Q1 2025.
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Analysis
TheRealReal (REAL) Net Margin (2018 - 2026) Analysis & Trends
TheRealReal has reported Net Margin for 9 years, with the latest figure at 20.52% in Q1 2026.
- Quarterly Net Margin fell 1847.0% year-over-year to 20.52% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.03% (down 243.0% YoY) and the FY2025 annual result came in at 6.03%, up 1632.0% from the prior year.
- Net Margin improved to 20.52% in Q1 2026 per REAL's latest filing, from 19.99% in the prior quarter.
- Over five years, Net Margin peaked at 38.99% in Q1 2025 and troughed at 58.14% in Q1 2023.
- A 5-year average of 19.91% and a median of 21.63% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2024 and 2025: Net Margin sank 2661 bps in 2024, then jumped 6062 bps in 2025.
- Over 5 years, Net Margin stood at 24.18% in 2022, then soared by 37 bps to 15.13% in 2023, then slumped by 176 bps to 41.74% in 2024, then soared by 52 bps to 19.99% in 2025, then surged by 203 bps to 20.52% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 20.52%, 19.99%, and 31.14% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tapestry | 24.90 Bn | 23.75 Bn | 1.56 Bn | 18.53% |
| 2 | Signet Jewelers | 3.31 Bn | 2.71 Bn | 556.50 Mn | 2.04% |
| 3 | Capri Holdings | 1.54 Bn | 1.40 Bn | - | - |
| 4 | TheRealReal | 1.23 Bn | 1.11 Bn | 143.20 Mn | -14.14% |
| 5 | Movado | 749.29 Mn | 537.68 Mn | 100.83 Mn | 7.36% |
| 6 | LuxExperience B.V | 731.81 Mn | 367.59 Mn | 329.37 Mn | -5.26% |
| 7 | Envela | 358.04 Mn | 314.59 Mn | 13.38 Mn | 7.35% |
| 8 | Lanvin Group Holdings | 118.30 Mn | 87.58 Mn | - | - |
| 9 | AsiaStrategy | 58.06 Mn | 38.98 Mn | - | - |
| 10 | Brilliant Earth | 21.64 Mn | -53.44 Mn | 66.64 Mn | 0.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.14% |
| Mar 31, 2026 | 20.52% |
| Dec 31, 2025 | -19.99% |
| Sep 30, 2025 | -31.14% |
| Jun 30, 2025 | -6.88% |
| Mar 31, 2025 | 38.99% |
| Dec 31, 2024 | -41.74% |
| Sep 30, 2024 | -12.14% |
| Jun 30, 2024 | -11.53% |
| Mar 31, 2024 | -21.63% |
| Dec 31, 2023 | -15.13% |
| Sep 30, 2023 | -17.23% |
| Jun 30, 2023 | -31.58% |
| Mar 31, 2023 | -58.14% |
| Dec 31, 2022 | -24.18% |
| Sep 30, 2022 | -33.12% |
| Jun 30, 2022 | -34.43% |
| Mar 31, 2022 | -39.14% |
| Dec 31, 2021 | -35.97% |
| Sep 30, 2021 | -48.13% |