Flagship explainer
How TheRealReal, Inc. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $693M | 100% |
| |
| Cost of revenue | $176M | 25% |
|
| $517M | 75% |
| |
| −$23.9M | −3% |
| |
| Income before tax | −$41.4M | −6% |
|
| Income tax | $363000 | 0% |
|
| −$41.8M | −6% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001573221-26-000010