NASDAQ$REAL

RealReal Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

RealReal's Q4 2019 financial results were announced, showcasing significant growth and improved operating leverage.

The RealReal reported a strong Q4 2019 with a 39% increase in GMV and a 57% increase in total revenue year-over-year. The company also improved its adjusted EBITDA margin by 16.7 percentage points. Repeat buyers accounted for 82.9% of GMV, highlighting strong buyer loyalty.

  • Gross Merchandise Volume (GMV) increased by 39% year-over-year, reaching $303.0 million.
  • Total Revenue grew by 57% year-over-year to $97.3 million.
  • Consignment and Service Revenue increased by 46% year-over-year to $80.7 million.
  • GAAP basic and diluted net loss per share was ($0.25).

Headline financials

Total Revenue

$97.3M

Previous: $62.1M+56.7%
EPS (adj)

-$0.17

Previous: -$0.09-91.7%
Gross Merchandise Value

$303M

Previous: $218M+38.7%
Active Buyers

581.7K

Previous: 416.0K+39.8%
Average Order Value

$476.00

Previous: $464.00+2.6%
Number of Orders

637.1K

Previous: 471.0K+35.3%
Take Rate

36.2%

Previous: 34.9%+3.7%
Capital Expenditures

$8.65M

No prior period
Free Cash Flow

-$5.02M

No prior period
Net Income

-$21.4M

Previous: -$22.2M+3.6%
Operating Income

-$22.9M

Previous: -$22.3M-2.6%
Gross Profit

$62.5M

Previous: $42.2M+48.2%
Cash & Equivalents

$154M

No prior period
Total Assets

$465M

No prior period
Stock-Based Comp

$2.8M

No prior period

Revenue & EPS history

RealReal · Revenue · Quarterly

$97.3M

Q4 2019+56.7%vs Q4 2018
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

RealReal · $97.3M total across 2 segments · Q4 2019

  • Consignment
    $80.7M+46.5%
  • Direct
    $16.6M+137.1%

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 Q4 2019

Historical avgQ4 2019

-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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