TheRealReal (REAL) Operating Expenses (2018 - 2026)

TheRealReal has disclosed Operating Expenses across 9 years of filings, most recently posting $143.6 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $143.6 million, up 8.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $551.6 million (up 7.82% YoY), and the FY2025 annual result was $540.8 million, up 7.29% from the prior year.
• Operating Expenses came in at $143.6 million for Q1 2026 at TheRealReal, up from $138.9 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $171.8 million in Q1 2023 to a low of $116.6 million in Q3 2023.
• The 5-year median for Operating Expenses is $132.6 million (2025), against an average of $133.5 million.
• Across the five-year window, Operating Expenses advanced 28.85% in 2023 and dropped 27.11% in 2024, its largest moves.
• TheRealReal's Operating Expenses stood at $134.6 million in 2022, then slipped by 5.53% to $127.1 million in 2023, then gained by 0.08% to $127.2 million in 2024, then increased by 9.21% to $138.9 million in 2025, then climbed by 3.37% to $143.6 million in 2026.
• The last three Operating Expenses figures came in at $143.6 million (Q1 2026), $138.9 million (Q4 2025), and $136.5 million (Q3 2025), per Business Quant data.