NASDAQ$REAL
RealReal Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Revenue and Adjusted EBITDA exceeded guidance, and GMV exceeded the midpoint of guidance.
The RealReal reported Q3 2023 results with revenue decreasing by 7% year-over-year to $133 million and a net loss of $(22.9) million. However, the company saw improvements in gross margin and Adjusted EBITDA, driven by a strategic shift towards higher-margin consignment business.
- GMV decreased by 8% compared to the same period in 2022, reaching $408 million.
- Total revenue decreased by 7% compared to the same period in 2022, totaling $133 million.
- Gross margin increased by 1053 basis points compared to the same period in 2022, reaching 70.6%.
- Net loss was $(22.9) million, an improvement compared to $(47.3) million in the same period in 2022.
Headline financials
Revenue & EPS history
RealReal · Revenue · Quarterly
$133M
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 company provided guidance for Q4 2023 and updated full year 2023 guidance for GMV, total revenue, and Adjusted EBITDA.
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 Q3 2023
-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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