TheRealReal (REAL) Research & Development (2018 - 2026)

TheRealReal's Research & Development history runs 9 years deep, the most recent figure standing at $72.7 million for Q1 2026.

• In Q1 2026, Research & Development rose 8.57% year-over-year to $72.7 million; the TTM figure through Mar 2026 stood at $281.7 million (up 6.35% YoY), while the FY2025 annual figure was $275.9 million, up 5.79% from the prior year.
• Research & Development came in at $72.7 million for Q1 2026 at TheRealReal, up from $69.2 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $72.7 million in Q1 2026 to a low of $61.0 million in Q3 2023.
• A 5-year average of $67.4 million and a median of $67.1 million in 2022 frame the typical range for Research & Development.
• Across the five-year window, Research & Development advanced 29.2% in 2022 and retreated 13.77% in 2023, its largest moves.
• TheRealReal's Research & Development stood at $71.5 million in 2022, then dropped by 12.7% to $62.4 million in 2023, then advanced by 6.15% to $66.2 million in 2024, then gained by 4.55% to $69.2 million in 2025, then climbed by 5.01% to $72.7 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $72.7 million, $69.2 million, and $70.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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