TheRealReal (REAL) Net Margin (2018 - 2026)
TheRealReal (REAL) posted Net Margin of 7.77% for Q3 2026, up 38.91 percentage points from -31.14% a year earlier and up 21.91 percentage points from the prior quarter.
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Analysis
TheRealReal (REAL) Net Margin (2018 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Net Margin at TheRealReal was -1.42%, up 9.37 percentage points year-over-year; for FY2025, it came in at -6.03%, up 16.32 percentage points from FY2024.
- Annual Net Margin has increased for five consecutive years, with a five-year change of +52.59 percentage points (FY2020 to FY2025).
- In prior years, TheRealReal's Net Margin was -22.35% in FY2024 (+8.32 pp), -30.67% in FY2023 (+1.88 pp), -32.55% in FY2022 (+17.93 pp) and -50.48% in FY2021 (+8.14 pp).
- Quarterly Net Margin has run from a low of -58.14% in Q1 2023 to a high of 38.99% in Q1 2025 over five years.
- On a year-over-year basis, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +6.82 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q1 2025, with a gain of 60.62 percentage points; the weakest was Q4 2024, with a drop of 26.61 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -14.14% (Q2 2026), 20.52% (Q1 2026) and -19.99% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 57.55 Bn | 23.75 Bn | 4.80 Bn | 6.35% |
| 2 | Tapestry | 27.52 Bn | 23.48 Bn | 1.56 Bn | 18.53% |
| 3 | Ralph Lauren | 23.85 Bn | 15.77 Bn | 1.63 Bn | 13.52% |
| 4 | Lululemon Athletica | 12.34 Bn | 6.60 Bn | 1.46 Bn | 13.63% |
| 5 | Deckers Outdoor | 12.04 Bn | 5.24 Bn | 895.11 Mn | 21.15% |
| 6 | Levi Strauss | 9.26 Bn | 5.84 Bn | 1.07 Bn | 10.47% |
| 7 | V F | 8.01 Bn | 4.61 Bn | 1.49 Bn | 10.58% |
| 8 | Crocs | 7.52 Bn | 6.93 Bn | 689.73 Mn | 20.79% |
| 9 | Birkenstock Holding | 6.90 Bn | 5.23 Bn | 493.89 Mn | 15.23% |
| 10 | TheRealReal | 1.77 Bn | 1.25 Bn | 154.40 Mn | 7.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.77% |
| 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% |
API Access
TheRealReal Net 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=net-margin&ticker=REAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=REAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();