TheRealReal (REAL) Net Margin (2018 - 2026)

TheRealReal has disclosed Net Margin across 9 years of filings, most recently posting 20.52% for Q1 2026.

• Net Margin for Q1 2026 came in at 20.52%, down 1847.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.03% (down 243.0% YoY), and the FY2025 annual result was 6.03%, up 1632.0% from the prior year.
• Net Margin came in at 20.52% for Q1 2026 at TheRealReal, up from 19.99% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 38.99% in Q1 2025 to a low of 58.14% in Q1 2023.
• The 5-year median for Net Margin is 21.63% (2024), against an average of 19.91%.
• Across the five-year window, Net Margin sank 2661 bps in 2024 and surged 6062 bps in 2025, its largest moves.
• TheRealReal's Net Margin stood at 24.18% in 2022, then jumped by 37 bps to 15.13% in 2023, then slumped by 176 bps to 41.74% in 2024, then jumped by 52 bps to 19.99% in 2025, then soared by 203 bps to 20.52% in 2026.
• The last three Net Margin figures came in at 20.52% (Q1 2026), 19.99% (Q4 2025), and 31.14% (Q3 2025), per Business Quant data.