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TheRealReal (REAL) Operating Expenses (2018 - 2025)

TheRealReal (REAL) has disclosed Operating Expenses for 8 consecutive years, with $138.9 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 9.21% to $138.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $540.8 million through Dec 2025, up 7.29% year-over-year, with the annual reading at $540.8 million for FY2025, 7.29% up from the prior year.
  • Operating Expenses hit $138.9 million in Q4 2025 for TheRealReal, up from $136.5 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 $111.1 million in Q1 2021.
  • Historically, Operating Expenses has averaged $130.7 million across 5 years, with a median of $127.7 million in 2021.
  • Biggest five-year swings in Operating Expenses: surged 62.82% in 2021 and later fell 27.11% in 2024.
  • Year by year, Operating Expenses stood at $126.8 million in 2021, then rose by 6.11% to $134.6 million in 2022, then decreased by 5.53% to $127.1 million in 2023, then rose by 0.08% to $127.2 million in 2024, then grew by 9.21% to $138.9 million in 2025.
  • Business Quant data shows Operating Expenses for REAL at $138.9 million in Q4 2025, $136.5 million in Q3 2025, and $132.6 million in Q2 2025.