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The RealReal Q2 Revenue $193M Beats Expectations

Reports Q2 revenue $193M, consensus $188.14M. "The RealReal delivered a standout Q2, with an all-time high quarterly GMV of $617 million, up 22% year-over-year. That marks our fourth consecutive quarter of GMV growth above 20%. Revenue grew 17% and we delivered nearly 300 basis points of Adjusted EBITDA margin expansion versus last year," said CEO Rati Levesque. "We're upleveling the customer experience, deepening trust and compounding our advantages. Our buyers are spending more, our sellers are more engaged, and the platform connecting them gets smarter every quarter. Entering the year, we said 2026 would be the year our advantages begin to compound, and we're delivering on that commitment. Given the continued strength in our supply trends and the durability of our growth, we are confidently raising our full-year outlook. We are entering the second half of the year from a position of strength, with a flywheel that is gaining real momentum."

Sees 2026 Adjusted EBITDA at $66M-$69M

Sees 2026 adjusted EBITDA $66M-$69M.

Sees Q3 Adjusted EBITDA of $13.5M-$14.5M

Sees Q3 adjusted EBITDA $13.5M-$14.5M.