NASDAQ$REAL

RealReal Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

The RealReal returned to growth in Q1 2021 with GMV and total revenue increasing 27% year-over-year.

The RealReal announced its Q1 2021 results, highlighting a return to growth with a 27% year-over-year increase in both GMV and total revenue. The company also saw a 34% year-over-year increase in new buyer growth and surpassed $2 billion in cumulative consignor commission payouts in April.

  • Q1 GMV increased 27% year-over-year to $327 million.
  • Q1 Total Revenue increased 27% year-over-year to $98.8 million.
  • New buyer growth accelerated to 34% year-over-year.
  • Surpassed $2 Billion Cumulative Consignor Commission Payouts in April.

Headline financials

Total Revenue

$98.8M

Previous: $78.2M+26.3%
EPS (adj)

-$0.49

Previous: -$0.39-25.6%
Gross Merchandise Value

$327M

Previous: $258M+27.1%
Active Buyers

687.0K

Previous: 601.8K+14.2%
Average Order Value

$474.00

Previous: $449.00+5.6%
Number of Orders

690.0K

Previous: 574.2K+20.2%
Take Rate

34.3%

Previous: 36.2%-5.2%
Capital Expenditures

-$5.93M

Previous: -$6.49M+8.6%
Free Cash Flow

-$61.9M

Previous: -$44.8M-38.3%
Net Income

-$56M

Previous: -$38.3M-46.2%
Operating Income

-$52.8M

Previous: -$39.6M-33.4%
Gross Profit

$58.3M

Previous: $49.2M+18.6%
Cash & Equivalents

$548M

Previous: $135M+306.8%
Total Assets

$831M

Previous: $530M+56.9%
Stock-Based Comp

$10.9M

No prior period

Revenue & EPS history

RealReal · Revenue · Quarterly

$98.8M

Q1 2021+26.3%vs Q1 2020
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

RealReal · $98.8M total across 2 segments · Q1 2021

  • Consignment
    $75.1M+15.0%
  • Direct
    $23.7M+83.4%

Forward guidance

We anticipate Q2 GMV will be in the range of $320 million to $330 million, representing 75% to 80% Y/Y growth.

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 2021

Historical avgQ1 2021

-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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