TheRealReal (REAL) Operating Expenses (2018 - 2026)
TheRealReal (REAL) posted Operating Expenses of $143.6 million for Q1 2026, up 3.37% sequentially from $138.9 million in Q4 2025, and up 8.14% YoY from $132.8 million in Q1 2025.
TheRealReal (REAL) Operating Expenses (2018 - 2026) Analysis & Trends
TheRealReal has reported Operating Expenses for 9 years, with the latest figure at $143.6 million in Q1 2026.
- Quarterly Operating Expenses rose 8.14% year-over-year to $143.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $551.6 million (up 7.82% YoY) and the FY2025 annual result came in at $540.8 million, up 7.29% from the prior year.
- Operating Expenses climbed to $143.6 million in Q1 2026 per REAL's latest filing, from $138.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $171.8 million in Q1 2023 and troughed at $116.6 million in Q3 2023.
- A 5-year average of $133.5 million and a median of $132.6 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses grew 28.85% in 2023, then fell 27.11% in 2024.
- Over 5 years, Operating Expenses stood at $134.6 million in 2022, then declined by 5.53% to $127.1 million in 2023, then climbed by 0.08% to $127.2 million in 2024, then gained by 9.21% to $138.9 million in 2025, then increased by 3.37% to $143.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $143.6 million, $138.9 million, and $136.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tapestry | 26.15 Bn | 24.99 Bn | 1.56 Bn | 100,000.00 |
| 2 | Signet Jewelers | 3.73 Bn | 3.13 Bn | 556.50 Mn | 509.60 Mn |
| 3 | Capri Holdings | 1.87 Bn | 1.73 Bn | - | - |
| 4 | TheRealReal | 1.33 Bn | 1.22 Bn | 143.20 Mn | 145.49 Mn |
| 5 | LuxExperience B.V | 1.07 Bn | 703.47 Mn | 329.37 Mn | -153.55 Mn |
| 6 | Movado | 805.20 Mn | 574.66 Mn | 103.63 Mn | 89.83 Mn |
| 7 | Envela | 419.96 Mn | 376.52 Mn | 13.38 Mn | 8.28 Mn |
| 8 | Lanvin Group Holdings | 132.35 Mn | 94.30 Mn | - | - |
| 9 | AsiaStrategy | 67.74 Mn | 48.66 Mn | - | - |
| 10 | Brilliant Earth | 22.13 Mn | -52.95 Mn | 66.64 Mn | 66.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 145.49 Mn |
| Mar 31, 2026 | 143.61 Mn |
| Dec 31, 2025 | 138.93 Mn |
| Sep 30, 2025 | 136.47 Mn |
| Jun 30, 2025 | 132.56 Mn |
| Mar 31, 2025 | 132.79 Mn |
| Dec 31, 2024 | 127.22 Mn |
| Sep 30, 2024 | 125.32 Mn |
| Jun 30, 2024 | 126.26 Mn |
| Mar 31, 2024 | 125.22 Mn |
| Dec 31, 2023 | 127.11 Mn |
| Sep 30, 2023 | 116.56 Mn |
| Jun 30, 2023 | 127.12 Mn |
| Mar 31, 2023 | 171.78 Mn |
| Dec 31, 2022 | 134.56 Mn |
| Sep 30, 2022 | 131.31 Mn |
| Jun 30, 2022 | 138.67 Mn |
| Mar 31, 2022 | 133.32 Mn |
| Dec 31, 2021 | 126.81 Mn |
| Sep 30, 2021 | 122.26 Mn |