NASDAQ$REAL

RealReal Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

The RealReal announced first quarter 2020 results with GMV and revenue increasing year-over-year, but operations were constrained by shelter-in-place directives.

The RealReal reported a 15% increase in GMV and an 11% increase in total revenue for Q1 2020. However, the company's operations were constrained by shelter-in-place directives, resulting in a significant GMV headwind. The company is focusing on reducing operating expenses and preserving liquidity.

  • Gross Merchandise Volume (GMV) increased 15% year over year to $257.6 million.
  • Total Revenue increased 11% year over year to $78.2 million.
  • Gross Profit increased 16% year over year to $49.2 million.
  • Trailing 12 months active buyers reached 601,766, up 32% year over year.

Headline financials

Total Revenue

$78.2M

Previous: $69.3M+13.0%
EPS (adj)

-$0.39

Previous: -$0.07-455.6%
Gross Merchandise Value

$258M

Previous: $224M+14.9%
Active Buyers

601.8K

No prior period
Average Order Value

$449.00

Previous: $450.00-0.2%
Number of Orders

574.2K

Previous: 498.0K+15.3%
Take Rate

36.2%

Previous: 35.3%+2.5%
Capital Expenditures

-$6.49M

No prior period
Free Cash Flow

-$44.8M

No prior period
Net Income

-$38.3M

Previous: -$23.2M-64.9%
Operating Income

-$39.6M

Previous: -$23.2M-70.4%
Gross Profit

$49.2M

Previous: $42.4M+16.1%
Cash & Equivalents

$135M

No prior period
Total Assets

$530M

No prior period

Revenue & EPS history

RealReal · Revenue · Quarterly

$78.2M

Q1 2020+13%vs Q1 2019
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

RealReal · $78.2M total across 2 segments · Q1 2020

  • Consignment
    $65.3M+17.5%
  • Direct
    $12.9M-13.8%

Forward guidance

The company withdrew its outlook for the first quarter and full year 2020 as a result of the growing impact of the COVID-19 pandemic on its business. Given limited near-term visibility, the company elects to not provide an updated financial outlook.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-2.0%

Avg return

Earnings day

+2.3%

Avg return

5 days after

-0.3%

Avg return

30 days after

33%

9 / 27 earnings

Positive

+61.4%

Q4 2023

Best reaction

-30.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.1%-28.2%-31.8%
Q4 2025-1.5%-2.1%-30.8%
Q3 2025+37.7%+23.6%+27.2%
Q1 2025-30.6%-21.8%-21.7%
Q4 2024-18.8%-0.5%-31.5%
Q3 2024+22.4%+25.8%+105.7%
Q2 2024-23.2%-21.0%-26.5%
Q1 2024-3.1%-1.9%-10.0%
Q4 2023+61.4%+118.1%+128.7%
Q3 2023+25.8%+30.8%+43.4%
Q2 2023+12.1%+17.0%+19.3%
Q1 2023-10.6%-18.2%+24.1%
Q4 2022+11.2%+21.6%-11.9%
Q3 2022-15.8%+18.0%+9.4%
Q2 2022-14.1%-19.4%-40.7%
Q1 2022-25.4%-18.7%-33.4%
Q4 2021-0.9%+11.7%-1.6%
Q3 2021+19.4%+21.1%+3.4%
Q2 2021-18.6%-18.4%-27.5%
Q1 2021-27.9%-36.6%-17.2%
Q4 2020-12.0%-9.5%-25.4%
Q3 2020-9.1%-14.9%-4.5%
Q2 2020+1.9%+12.3%+3.8%
Q1 2020+5.7%+5.7%+19.1%
Q4 2019+0.0%-6.4%-48.8%
Q3 2019-15.5%-23.0%-24.4%
Q2 2019-20.1%-3.6%-5.4%
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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