Flagship explainer

What drives TheRealReal, Inc.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity10%Tax burden101%net income ÷ pretax incomeInterest burden173%pretax ÷ operating incomeOperating margin−3%operating income ÷ revenueAsset turnover1.67×revenue ÷ average assetsEquity multiplier-1.01×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$41.8MFY2025
Income before tax−$41.4MFY2025
Operating income−$23.9MFY2025
$693MFY2025
Ending assets$409MFY2025
Beginning assets$423MFY2024
−$416MFY2025
−$407MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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