TheRealReal (REAL) Operating Leases (2020 - 2026)

TheRealReal's Operating Leases history runs 7 years deep, the most recent figure standing at $66.8 million for Q1 2026.

• In Q1 2026, Operating Leases fell 19.07% year-over-year to $66.8 million; the TTM figure through Mar 2026 stood at $66.8 million (down 19.07% YoY), while the FY2025 annual figure was $66.8 million, down 22.14% from the prior year.
• Operating Leases came in at $66.8 million for Q1 2026 at TheRealReal, roughly flat from $66.8 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $153.0 million in Q2 2022 to a low of $66.8 million in Q1 2026.
• A 5-year average of $109.6 million and a median of $113.8 million in 2024 frame the typical range for Operating Leases.
• Across the five-year window, Operating Leases gained 9.75% in 2022 and tumbled 35.45% in 2025, its largest moves.
• TheRealReal's Operating Leases stood at $125.1 million in 2022, then decreased by 16.19% to $104.9 million in 2023, then declined by 18.18% to $85.8 million in 2024, then declined by 22.14% to $66.8 million in 2025, then dropped 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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