REAL Profit Margins - TheRealReal, Inc.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	74.36%	-1.19%	-14.14%
2026-03-31	74.50%	-1.20%	20.52%
2025-12-31	74.83%	3.23%	-19.99%
2025-09-30	74.27%	-4.35%	-31.14%
2025-06-30	74.26%	-5.98%	-6.88%
2025-03-31	75.00%	-7.98%	38.99%
2024-12-31	74.43%	-3.14%	-41.74%
2024-09-30	74.93%	-9.88%	-12.14%
2024-06-30	74.15%	-12.97%	-11.53%
2024-03-31	74.60%	-12.48%	-21.63%
2023-12-31	73.97%	-14.69%	-15.13%
2023-09-30	70.64%	-16.89%	-17.23%
2023-06-30	65.85%	-31.29%	-31.58%
2023-03-31	63.41%	-57.64%	-58.14%
2022-12-31	60.51%	-23.77%	-24.18%
2022-09-30	60.11%	-31.90%	-33.12%
2022-06-30	56.78%	-33.01%	-34.43%
2022-03-31	53.59%	-37.29%	-39.14%
2021-12-31	55.56%	-31.82%	-35.97%
2021-09-30	59.83%	-43.05%	-48.13%
2021-06-30	60.44%	-61.76%	-67.41%
2021-03-31	59.04%	-53.40%	-56.66%
2020-12-31	61.48%	-55.68%	-58.48%
2020-09-30	63.66%	-53.50%	-55.99%
2020-06-30	62.26%	-75.18%	-75.04%
2020-03-31	62.78%	-50.98%	-49.35%
2019-12-31	66.12%	-26.67%	-25.05%
2019-09-30	64.07%	-33.13%	-31.00%
2019-06-30	63.77%	-35.09%	-37.22%
2019-03-31	60.05%	-32.89%	-32.90%
2018-12-31	61.66%	-32.54%	-32.40%
2018-09-30	64.30%	-42.20%	-42.22%
2018-06-30	65.51%	-33.78%	-37.45%

Date	Gross margin	Operating margin	Net margin
2025-12-31	74.59%	-3.45%	-6.03%
2024-12-31	74.53%	-9.41%	-22.35%
2023-12-31	68.50%	-30.27%	-30.67%
2022-12-31	57.78%	-31.34%	-32.55%
2021-12-31	58.47%	-45.95%	-50.48%
2020-12-31	62.53%	-57.62%	-58.62%
2019-12-31	63.70%	-31.64%	-31.11%
2018-12-31	64.06%	-34.58%	-35.45%
2017-12-31	63.73%	-37.66%	-38.04%