NASDAQ$REAL
RealReal Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
The RealReal's Q1 2024 results were announced, featuring a return to top-line growth driven by consignment revenue and GMV increase.
The RealReal announced a return to overall top-line growth with GMV increasing 2% year-over-year and consignment revenue increasing 13% year-over-year. The company's net loss improved by $51 million year-over-year, and the adjusted EBITDA loss improved by $25 million year-over-year.
- Gross Merchandise Value (GMV) increased 2% year-over-year.
- Consignment revenue increased 13% year-over-year.
- Net loss improved $51 million year-over-year.
- Adjusted EBITDA loss improved by $25 million year-over-year.
Headline financials
Revenue & EPS history
RealReal · Revenue · Quarterly
$144M
Revenue by segment
RealReal · $133M total across 3 segments · Q3 2023
- Consignment$103M+9.6%77.2%
- Direct$17.4M-49.0%13.0%
- Shipping Services$13M-12.5%9.7%
Forward guidance
For Q2 2024, GMV is projected to be between $420 and $450 million, total revenue between $135 and $145 million, and Adjusted EBITDA between $(6) and $(3) million. For the full year 2024, GMV is projected to be between $1.81 and $1.87 billion, total revenue between $580 and $605 million, and Adjusted EBITDA between $(5) and $8 million.
Tailwinds
- GMV is projected between $420 and $450 million for Q2 2024.
- Total revenue is projected between $135 and $145 million for Q2 2024.
- Adjusted EBITDA is projected between $(6) and $(3) million for Q2 2024.
- Full year GMV is projected between $1.81 and $1.87 billion.
- Full year total revenue is projected between $580 and $605 million.
Headwinds
- Adjusted EBITDA is projected between $(6) and $(3) million for Q2 2024, indicating a loss.
- Full year Adjusted EBITDA is projected between $(5) and $8 million, suggesting potential for loss or minimal profit.
- Guidance is based on market conditions as of May 7, 2024, and is subject to change.
- Forward-looking Adjusted EBITDA has not been reconciled to net income (loss).
- Ultimate outcome of certain components of reconciliations including payroll tax expense on employee stock transactions are not within their control.
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 2024
-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
| Quarter | Report date | Reaction (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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