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TheRealReal (REAL) Research & Development (2018 - 2025)

TheRealReal (REAL) has disclosed Research & Development for 8 consecutive years, with $69.2 million as the latest value for Q4 2025.

  • Quarterly Research & Development rose 4.55% to $69.2 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $275.9 million through Dec 2025, up 5.79% year-over-year, with the annual reading at $275.9 million for FY2025, 5.79% up from the prior year.
  • Research & Development hit $69.2 million in Q4 2025 for TheRealReal, down from $70.7 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $71.5 million in Q4 2022 to a low of $51.9 million in Q1 2021.
  • Historically, Research & Development has averaged $65.3 million across 5 years, with a median of $66.2 million in 2024.
  • Biggest five-year swings in Research & Development: surged 63.74% in 2021 and later decreased 13.77% in 2023.
  • Year by year, Research & Development stood at $60.8 million in 2021, then grew by 17.58% to $71.5 million in 2022, then decreased by 12.7% to $62.4 million in 2023, then rose by 6.15% to $66.2 million in 2024, then increased by 4.55% to $69.2 million in 2025.
  • Business Quant data shows Research & Development for REAL at $69.2 million in Q4 2025, $70.7 million in Q3 2025, and $69.0 million in Q2 2025.