# TheRealReal, Inc. (REAL)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/therealreal-inc/ JSON: https://steadybase.io/company/therealreal-inc.json Checked Nov 10, 2026. Latest filing read: Oct 29, 2026.

## Company

- Legal name: TheRealReal, Inc.
- Ticker: REAL (Nasdaq)
- SEC CIK: 0001573221
- Industry: Retail-Miscellaneous Retail (SIC 5900)
- Headquarters: San Francisco, CA
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer
- Website: therealreal.com
- LinkedIn: https://www.linkedin.com/company/the-realreal
- Next earnings date: Nov 9, 2026

## Key facts

- Revenue: $692.8M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/0001573221-26-000010-index.html
- Operating income: -$23.9M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/0001573221-26-000010-index.html
- Net income: -$41.8M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/0001573221-26-000010-index.html
- SG&A: $201.6M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 26, 2026). Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/0001573221-26-000010-index.html
- Employees: 3,140 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- Shares outstanding: 124,713,031 as of Oct 22, 2026 (10-Q filed Oct 29, 2026). Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000066/0001573221-26-000066-index.html
- Auditor: Kpmg LLP, San Francisco, CA, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm

## Business

The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods. We are revolutionizing luxury resale by providing an end-to-end service that unlocks supply and creates a trusted, curated online marketplace for buyers globally. Since our inception, we have cultivated a loyal and engaged consignor and buyer base through continuous investment in our technology platform, logistics infrastructure, brand and people.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $692.8M | -$23.9M | -$41.8M | $201.6M |
| Dec 31, 2024 | $600.5M | -$56.5M | -$134.2M | $187.7M |
| Dec 31, 2023 | $549.3M | -$166.3M | -$168.5M | $183.8M |
| Dec 31, 2022 | $603.5M | -$189.2M | -$196.4M | $195.3M |
| Dec 31, 2021 | $467.7M | -$214.9M | -$236.1M | $176.2M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/therealreal-inc.json

## Officers and directors

- Rati Levesque, CEO of The RealReal. Source: 8-K filed Oct 29, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000064/real-20261029xex991pressre.htm
- Levesque Rati Sahi, Chief Executive Officer. Source: Form 4 filed Aug 24, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000178055126000006/0001780551-26-000006-index.htm
- Gopal Ajay Madan, Chief Financial Officer. Source: Form 4 filed Aug 24, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000201643226000008/0002016432-26-000008-index.htm
- Ajay Madan Gopal, Chief Financial Officer. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- Luke Thomas Friang, Chief Product & Tech Officer. Source: Form 4 filed Aug 24, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000135029426000006/0001350294-26-000006-index.htm
- Steve Ming Lo, Chief Accounting Officer. Source: Form 4 filed Aug 24, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000178094026000008/0001780940-26-000008-index.htm
- Todd A. Suko, Chief Legal Officer and Secret. Source: Form 4 filed Aug 24, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000129969026000006/0001299690-26-000006-index.htm
- Steve Lo, Senior Vice President, Chief Accounting Officer. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- Caretha Coleman, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- James Miller, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- Karen Katz, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- Mark McCaffrey, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- Niki Leondakis, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- Rob Krolik, Director. Source: 10-K filed Feb 26, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- Ajay Gopal, Named in proxy. Source: DEF 14A filed Apr 27, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000036/real-20260427.htm
- Luke Friang, Named in proxy. LinkedIn: https://linkedin.com/in/lukefriang. Source: DEF 14A filed Apr 27, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000036/real-20260427.htm
- Todd Suko, Named in proxy. LinkedIn: https://linkedin.com/in/todd-suko-71b96234. Source: DEF 14A filed Apr 27, 2026, https://www.sec.gov/Archives/edgar/data/1573221/000157322126000036/real-20260427.htm

## Recent 8-K events

- Nov 5, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000069/real-20261103.htm
- Oct 29, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000064/real-20261029.htm
- Oct 15, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1573221/000119312526422329/d170302d8k.htm
- Aug 6, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000052/real-20260806.htm
- Jun 12, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000048/real-20260610.htm
- May 7, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000045/real-20260507.htm
- Mar 9, 2026: Item 5.02, Departure or appointment of directors or officers; compensation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000020/real-20260306.htm
- Feb 26, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000009/real-20260226.htm
- Nov 18, 2025: Item 5.02, Departure or appointment of directors or officers; compensation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1573221/000119312525285350/d851183d8k.htm
- Nov 10, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322125000076/real-20251110.htm

## Insider trades (Form 4)

- Aug 21, 2026: Gopal Ajay Madan (Chief Financial Officer) sold 36,418 shares, about $399,870. Source: https://www.sec.gov/Archives/edgar/data/1573221/000201643226000008/0002016432-26-000008-index.htm
- Aug 21, 2026: Steve Ming Lo (Chief Accounting Officer) sold 12,559 shares, about $137,786. Source: https://www.sec.gov/Archives/edgar/data/1573221/000178094026000008/0001780940-26-000008-index.htm
- Aug 21, 2026: Levesque Rati Sahi (Chief Executive Officer) sold 84,432 shares, about $927,063. Source: https://www.sec.gov/Archives/edgar/data/1573221/000178055126000006/0001780551-26-000006-index.htm
- Aug 21, 2026: Luke Thomas Friang (Chief Product & Tech Officer) sold 22,028 shares, about $241,867. Source: https://www.sec.gov/Archives/edgar/data/1573221/000135029426000006/0001350294-26-000006-index.htm
- Aug 21, 2026: Todd A. Suko (Chief Legal Officer and Secret) sold 17,567 shares, about $192,777. Source: https://www.sec.gov/Archives/edgar/data/1573221/000129969026000006/0001299690-26-000006-index.htm
- May 21, 2026: Gopal Ajay Madan (Chief Financial Officer) sold 35,023 shares, about $323,963. Source: https://www.sec.gov/Archives/edgar/data/1573221/000201643226000006/0002016432-26-000006-index.htm
- May 21, 2026: Steve Ming Lo (Chief Accounting Officer) sold 12,077 shares, about $111,712. Source: https://www.sec.gov/Archives/edgar/data/1573221/000178094026000006/0001780940-26-000006-index.htm
- May 21, 2026: Levesque Rati Sahi (Chief Executive Officer) sold 81,194 shares, about $751,045. Source: https://www.sec.gov/Archives/edgar/data/1573221/000178055126000004/0001780551-26-000004-index.htm
- May 21, 2026: Luke Thomas Friang (Chief Product & Tech Officer) sold 21,183 shares, about $195,943. Source: https://www.sec.gov/Archives/edgar/data/1573221/000135029426000004/0001350294-26-000004-index.htm
- May 21, 2026: Todd A. Suko (Chief Legal Officer and Secret) sold 17,353 shares, about $160,515. Source: https://www.sec.gov/Archives/edgar/data/1573221/000129969026000004/0001299690-26-000004-index.htm
- Mar 19, 2026: Gopal Ajay Madan (Chief Financial Officer) sold 51,585 shares, about $479,225. Source: https://www.sec.gov/Archives/edgar/data/1573221/000201643226000004/0002016432-26-000004-index.htm
- Feb 23, 2026: Gopal Ajay Madan (Chief Financial Officer) sold 31,381 shares, about $336,404. Source: https://www.sec.gov/Archives/edgar/data/1573221/000201643226000002/0002016432-26-000002-index.htm
- Feb 23, 2026: Steve Ming Lo (Chief Accounting Officer) sold 16,962 shares, about $181,833. Source: https://www.sec.gov/Archives/edgar/data/1573221/000178094026000002/0001780940-26-000002-index.htm
- Feb 23, 2026: Levesque Rati Sahi (Chief Executive Officer) sold 121,399 shares, about $1.3M. Source: https://www.sec.gov/Archives/edgar/data/1573221/000178055126000002/0001780551-26-000002-index.htm
- Feb 23, 2026: Luke Thomas Friang (Chief Product & Tech Officer) sold 19,609 shares, about $210,208. Source: https://www.sec.gov/Archives/edgar/data/1573221/000135029426000002/0001350294-26-000002-index.htm

## What management said

- "Q3 was another record quarter for The RealReal, with quarterly all-time highs in GMV, revenue and orders, with our strongest quarterly order growth since 2022, up 15% versus last year" Rati Levesque, CEO of The RealReal (8-K filed Oct 29, 2026). Source: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000064/real-20261029xex991pressre.htm

## Latest filings

- 8-K filed Oct 29, 2026: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000064/real-20261029.htm
- 10-K filed Feb 26, 2026: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm
- 10-Q filed Oct 29, 2026: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000066/real-20260930.htm
- DEF 14A filed Apr 27, 2026: https://www.sec.gov/Archives/edgar/data/1573221/000157322126000036/real-20260427.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/