TheRealReal REAL
NASDAQ REAL
$9.56 -0.22 (-2.30%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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