The RealReal — Third Quarter 2026 Earnings Summary

The RealReal reported record third-quarter 2026 results with gross merchandise value reaching $642 million and total revenue increasing 19% year-over-year to $206 million. The company achieved a gross margin of 74.9% and an adjusted EBITDA margin of 8.3%, while net income turned positive at $16 million compared to a loss in the prior year period. Active buyers grew by 13% over the trailing twelve months to 1.152 million, and the average order value rose 8% to $629. Based on these performance metrics, The RealReal raised its full-year 2026 guidance for GMV, total revenue, and adjusted EBITDA.