TheRealReal REAL
NASDAQ REAL
$10.16 +0.06 (+0.59%)
As of: Sep 3, 2026 · 2:55 PM EDT

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.

Analysis

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.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Tapestry 24.98 Bn 23.83 Bn 1.56 Bn
2 Signet Jewelers 3.30 Bn 2.70 Bn 556.50 Mn
3 Capri Holdings 1.58 Bn 1.45 Bn -
4 TheRealReal 1.23 Bn 1.11 Bn 143.20 Mn
5 Movado 751.75 Mn 540.14 Mn 100.83 Mn
6 LuxExperience B.V 738.58 Mn 374.37 Mn 329.37 Mn
7 Envela 355.70 Mn 312.26 Mn 13.38 Mn
8 Lanvin Group Holdings 118.30 Mn 87.58 Mn -
9 AsiaStrategy 57.82 Mn 38.74 Mn -
10 Brilliant Earth 21.58 Mn -53.49 Mn 66.64 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 87.50 Mn
Mar 31, 2026 89.21 Mn
Dec 31, 2025 66.79 Mn
Sep 30, 2025 96.96 Mn
Jun 30, 2025 100.39 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 122.04 Mn
Dec 31, 2023 104.86 Mn
Sep 30, 2023 129.76 Mn
Jun 30, 2023 132.97 Mn
Mar 31, 2023 138.24 Mn
Dec 31, 2022 125.12 Mn
Sep 30, 2022 150.49 Mn
Jun 30, 2022 153.01 Mn
Mar 31, 2022 157.73 Mn
Dec 31, 2021 143.16 Mn
Sep 30, 2021 161.02 Mn