TheRealReal (REAL) Operating Leases (2020 - 2026)
TheRealReal (REAL) posted Operating Leases of $66.8 million for Q1 2026, little changed sequentially from $66.8 million in Q4 2025, and down 36.62% YoY from $105.4 million in Q1 2025.
TheRealReal (REAL) Operating Leases (2020 - 2026) Analysis & Trends
TheRealReal has reported Operating Leases for 7 years, with the latest figure at $66.8 million in Q1 2026.
- Quarterly Operating Leases fell 36.62% year-over-year to $66.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $66.8 million (down 36.62% YoY) and the FY2025 annual result came in at $66.8 million, down 22.14% from the prior year.
- Operating Leases steadied at $66.8 million in Q1 2026 per REAL's latest filing, from $66.8 million in the prior quarter.
- Over five years, Operating Leases peaked at $153.0 million in Q2 2022 and troughed at $66.8 million in Q1 2026.
- A 5-year average of $108.4 million and a median of $112.2 million in 2023 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2024 and 2026: Operating Leases gained 6.2% in 2024, then sank 36.62% in 2026.
- Over 5 years, Operating Leases stood at $125.1 million in 2022, then slipped by 16.19% to $104.9 million in 2023, then fell by 18.18% to $85.8 million in 2024, then fell by 22.14% to $66.8 million in 2025, then declined by 0.0% to $66.8 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $66.8 million, $66.8 million, and $97.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Tapestry | 26.15 Bn | 24.99 Bn | 1.56 Bn |
| 2 | Signet Jewelers | 3.73 Bn | 3.13 Bn | 556.50 Mn |
| 3 | Capri Holdings | 1.87 Bn | 1.73 Bn | - |
| 4 | TheRealReal | 1.33 Bn | 1.22 Bn | 143.20 Mn |
| 5 | LuxExperience B.V | 1.07 Bn | 703.47 Mn | 329.37 Mn |
| 6 | Movado | 805.20 Mn | 574.66 Mn | 103.63 Mn |
| 7 | Envela | 419.96 Mn | 376.52 Mn | 13.38 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 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 87.50 Mn |
| Mar 31, 2026 | 66.79 Mn |
| Dec 31, 2025 | 66.79 Mn |
| Sep 30, 2025 | 96.96 Mn |
| Jun 30, 2025 | 76.88 Mn |
| Mar 31, 2025 | 105.39 Mn |
| Dec 31, 2024 | 85.79 Mn |
| Sep 30, 2024 | 113.76 Mn |
| Jun 30, 2024 | 119.10 Mn |
| Mar 31, 2024 | 100.81 Mn |
| Dec 31, 2023 | 104.86 Mn |
| Sep 30, 2023 | 129.76 Mn |
| Jun 30, 2023 | 112.15 Mn |
| Mar 31, 2023 | 117.55 Mn |
| Dec 31, 2022 | 125.12 Mn |
| Sep 30, 2022 | 130.05 Mn |
| Jun 30, 2022 | 153.01 Mn |
| Mar 31, 2022 | 138.21 Mn |
| Dec 31, 2021 | 143.16 Mn |
| Sep 30, 2021 | 145.79 Mn |