TheRealReal (REAL) Net Margin (2018 - 2026)
TheRealReal recorded quarterly Net Margin of 20.52% in Q1 2026, up 202.69% quarter-over-quarter from 19.99% in Q4 2025, and down 1847.0% year-over-year from 1.17% in Q1 2025.
TheRealReal's Net Margin history runs 9 years deep, the most recent figure standing at 20.52% for Q1 2026.
- In Q1 2026, Net Margin fell 1847.0% year-over-year to 20.52%; the TTM figure through Mar 2026 stood at 9.03% (down 243.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 19.91% and a median of 21.63% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin plunged 2661 bps in 2024 and soared 6062 bps in 2025, its largest moves.
- TheRealReal's Net Margin stood at 24.18% in 2022, then surged by 37 bps to 15.13% in 2023, then sank by 176 bps to 41.74% in 2024, then surged by 52 bps to 19.99% in 2025, then jumped 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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tapestry | 28.43 Bn | 27.36 Bn | 1.48 Bn | 17.90% |
| 2 | Signet Jewelers | 3.51 Bn | 2.64 Bn | 985.10 Mn | 10.66% |
| 3 | Capri Holdings | 2.21 Bn | 2.06 Bn | 623.00 Mn | 5.76% |
| 4 | TheRealReal | 1.15 Bn | 1.03 Bn | 141.33 Mn | 20.52% |
| 5 | Movado | 835.22 Mn | 606.10 Mn | 103.63 Mn | 2.27% |
| 6 | Envela | 620.27 Mn | 581.65 Mn | 20.62 Mn | 8.99% |
| 7 | Brilliant Earth | 19.84 Mn | 21.09 Mn | 54.07 Mn | -8.50% |
| 8 | Lanvin Group Holdings | 223,892.13 | -35.01 Mn | - | - |
| 9 | LuxExperience B.V | 16,823.61 | -364.20 Mn | 329.37 Mn | -0.68% |
| 10 | AsiaStrategy | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -67.41% |
| Mar 31, 2021 | -56.66% |
| Dec 31, 2020 | -58.48% |
| Sep 30, 2020 | -55.99% |
| Jun 30, 2020 | -75.04% |
| Mar 31, 2020 | -49.35% |
| Dec 31, 2019 | -25.05% |
| Sep 30, 2019 | -31.00% |
| Jun 30, 2019 | -37.86% |
| Mar 31, 2019 | -37.65% |
| Dec 31, 2018 | -37.18% |
| Sep 30, 2018 | -48.39% |
| Jun 30, 2018 | -40.30% |