TheRealReal (REAL) Research & Development (2018 - 2026)
TheRealReal (REAL) posted Research & Development of $72.7 million for Q1 2026, up 5.01% sequentially from $69.2 million in Q4 2025, and up 8.57% YoY from $67.0 million in Q1 2025.
TheRealReal (REAL) Research & Development (2018 - 2026) Analysis & Trends
TheRealReal has reported Research & Development for 9 years, with the latest figure at $72.7 million in Q1 2026.
- Quarterly Research & Development rose 8.57% year-over-year to $72.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $281.7 million (up 6.35% YoY) and the FY2025 annual result came in at $275.9 million, up 5.79% from the prior year.
- Research & Development advanced to $72.7 million in Q1 2026 per REAL's latest filing, from $69.2 million in the prior quarter.
- Over five years, Research & Development peaked at $72.7 million in Q1 2026 and troughed at $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.
- The sharpest annual moves came in 2022 and 2023: Research & Development climbed 29.2% in 2022, then decreased 13.77% in 2023.
- Over 5 years, Research & Development stood at $71.5 million in 2022, then declined by 12.7% to $62.4 million in 2023, then climbed by 6.15% to $66.2 million in 2024, then advanced by 4.55% to $69.2 million in 2025, then grew 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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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tapestry | 26.09 Bn | 24.94 Bn | 1.56 Bn | - |
| 2 | Signet Jewelers | 3.59 Bn | 2.99 Bn | 556.50 Mn | - |
| 3 | Capri Holdings | 1.83 Bn | 1.70 Bn | - | - |
| 4 | TheRealReal | 1.39 Bn | 1.27 Bn | 143.20 Mn | 74.71 Mn |
| 5 | Movado | 1.29 Bn | 1.06 Bn | 103.63 Mn | - |
| 6 | LuxExperience B.V | 1.07 Bn | 707.68 Mn | 329.37 Mn | - |
| 7 | Envela | 416.19 Mn | 372.75 Mn | 13.38 Mn | - |
| 8 | Brilliant Earth | 135.42 Mn | 121.51 Mn | 66.64 Mn | - |
| 9 | Lanvin Group Holdings | 134.39 Mn | 96.33 Mn | - | - |
| 10 | AsiaStrategy | 67.13 Mn | 48.05 Mn | - | - |
Historic Data
Download 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 |