NASDAQ$REAL
RealReal Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
The RealReal reported an 11% increase in revenue and improved net loss year-over-year.
The RealReal announced its Q2 2024 results, with revenue reaching $145 million, an 11% increase year-over-year. The company's net loss improved by $25 million year-over-year, and adjusted EBITDA also saw a significant improvement of $21 million compared to Q2 2023.
- GMV increased by 4% compared to the same period in 2023, reaching $441 million.
- Total revenue increased by 11% compared to the same period in 2023, amounting to $145 million.
- Gross profit increased by $21 million compared to the same period in 2023, reaching $107 million.
- Net loss improved to $(17.0) million, compared to $(41.3) million in the same period in 2023.
Headline financials
Revenue & EPS history
RealReal · Revenue · Quarterly
$145M
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
The RealReal is updating its full year guidance and providing guidance for third quarter 2024 GMV, total revenue and Adjusted EBITDA.
Tailwinds
- Q3 2024 GMV: $410 - $430 million
- Q3 2024 Total Revenue: $135 - $142 million
- Q3 2024 Adjusted EBITDA: $(2) - $1 million
- Full Year 2024 GMV: $1.79 - $1.82 billion
- Full Year 2024 Total Revenue: $580 - $595 million
Headwinds
- Adjusted EBITDA is a Non-GAAP financial measure.
- The company cannot reconcile forward-looking Adjusted EBITDA to net income (loss).
- The ultimate outcome of certain components of such reconciliations including payroll tax expense on employee stock transactions that are not within our control.
- The company is unable to assess the probable significance of the unavailable information.
- The results are based on market conditions as of August 6, 2024.
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 Q2 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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