TheRealReal (REAL) Research & Development (2018 - 2026)
TheRealReal's (REAL) quarterly Research & Development came in at $74.7 million in Q2 2026, up 8.29% year-over-year from $69.0 million in Q2 2025, and up 2.73% quarter-over-quarter from $72.7 million in Q1 2026.
Analysis
TheRealReal (REAL) Research & Development (2018 - 2026) Analysis & Trends
TheRealReal has disclosed Research & Development across 9 years of filings, most recently posting $74.7 million for Q2 2026.
- In Q2 2026, Research & Development rose 8.29% year-over-year to $74.7 million; the TTM figure through Jun 2026 stood at $287.4 million (up 7.07% YoY), while the FY2025 annual figure was $275.9 million, up 5.79% from the prior year.
- Research & Development came in at $74.7 million for Q2 2026 at TheRealReal, up from $72.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $74.7 million in Q2 2026 to a low of $61.0 million in Q3 2023.
- Average Research & Development over 5 years is $67.8 million, with a median of $67.6 million recorded in 2022.
- Year-over-year, Research & Development advanced 29.2% in 2022 and retreated 13.77% in 2023.
- Over 5 years, Research & Development stood at $71.5 million in 2022, then slipped by 12.7% to $62.4 million in 2023, then gained by 6.15% to $66.2 million in 2024, then rose by 4.55% to $69.2 million in 2025, then rose by 7.88% to $74.7 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $74.7 million in Q2 2026, $72.7 million in Q1 2026, and $69.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tapestry | 24.48 Bn | 23.32 Bn | 1.56 Bn | - |
| 2 | Ralph Lauren | 21.10 Bn | 19.16 Bn | 1.44 Bn | - |
| 3 | Ermenegildo Zegna | 3.26 Bn | 3.00 Bn | - | - |
| 4 | Capri Holdings | 1.62 Bn | 1.49 Bn | - | - |
| 5 | TheRealReal | 1.20 Bn | 1.08 Bn | 143.20 Mn | 74.71 Mn |
| 6 | Lanvin Group Holdings | 130.62 Mn | 53.62 Mn | - | - |
| 7 | Vince Holding | 82.22 Mn | 81.46 Mn | 32.39 Mn | - |
| 8 | Perfect Moment | 5.32 Mn | 4.61 Mn | 627,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 74.71 Mn |
| Mar 31, 2026 | 72.72 Mn |
| Dec 31, 2025 | 69.25 Mn |
| Sep 30, 2025 | 70.70 Mn |
| Jun 30, 2025 | 68.99 Mn |
| Mar 31, 2025 | 66.98 Mn |
| Dec 31, 2024 | 66.23 Mn |
| Sep 30, 2024 | 66.20 Mn |
| Jun 30, 2024 | 65.42 Mn |
| Mar 31, 2024 | 62.97 Mn |
| Dec 31, 2023 | 62.40 Mn |
| Sep 30, 2023 | 61.04 Mn |
| Jun 30, 2023 | 65.58 Mn |
| Mar 31, 2023 | 68.03 Mn |
| Dec 31, 2022 | 71.47 Mn |
| Sep 30, 2022 | 70.78 Mn |
| Jun 30, 2022 | 69.28 Mn |
| Mar 31, 2022 | 67.10 Mn |
| Dec 31, 2021 | 60.78 Mn |
| Sep 30, 2021 | 61.14 Mn |