RealReal Q3 Revenue Tops Estimates at $206M, Raises Full-Year Outlook
REAL sits 50% above its 52-week low of $8.05 on elevated volume (2.9× avg).
Summary
Q3 revenue came in at $206M against a $196.90M consensus, up 19% year over year, and the company posted $16M of net income — a real profit, not an adjusted figure. GMV hit a record $642M on 15% order growth, the strongest since 2022, with active buyers up 13% and gross margin up 64 basis points to 74.9%. Management raised full-year 2026 revenue guidance to $806M-$810M and set Q4 revenue at $218M-$222M, with FY adjusted EBITDA of $71.1M-$72.6M. This follows the strong Q2 beat in August and the October refinancing that swapped the 13% 2029 notes for a $150M Fortress term loan at SOFR+5.75%, cutting interest costs just as profitability arrives. The stock closed at $11.06 on October 28 against a median analyst target of $18.00, so the beat and raised guide land with expectations already elevated.
At the time of this announcement, REAL was trading at $12.08 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $8.05 to $17.39. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.