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RealReal Inc Stock Research

REAL

1.29USD-0.01(-0.77%)Market Closed

Market Summary

USD1.29-0.01
Market Closed
-0.77%

REAL Stock Price

REAL RSI Chart

REAL Valuation

Market Cap

127.8M

Price/Earnings (Trailing)

-0.65

Price/Sales (Trailing)

0.21

EV/EBITDA

1.05

Price/Free Cashflow

-1.12

REAL Price/Sales (Trailing)

REAL Profitability

Operating Margin

57.78%

EBT Margin

-32.52%

Return on Equity

115.49%

Return on Assets

-31.91%

Free Cashflow Yield

-89.51%

REAL Fundamentals

REAL Revenue

Revenue (TTM)

603.5M

Revenue Y/Y

10.01%

Revenue Q/Q

11.88%

REAL Earnings

Earnings (TTM)

-196.4M

Earnings Y/Y

26.03%

Earnings Q/Q

18.3%

Price Action

52 Week Range

1.048.61
(Low)(High)

Last 7 days

-15.6%

Last 30 days

-19.2%

Last 90 days

-8.5%

Trailing 12 Months

-80.1%

REAL Financial Health

Current Ratio

1.79

REAL Investor Care

Shares Dilution (1Y)

6.59%

Diluted EPS (TTM)

-2.05

Peers (Alternatives to RealReal)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.0T
514.0B
-3.36% -34.72%
-376.42
1.99
9.40% -108.16%
22.3B
9.8B
-16.60% -24.00%
-17.61
2.28
-6.00% -109.33%
16.4B
9.8B
-18.25% 2.53%
-799.92
1.68
14.45% -288.94%
13.1B
2.6B
-22.27% -16.19%
-18.81
5.09
11.73% -479.56%
MID-CAP
3.4B
12.2B
-38.59% -71.37%
-2.59
0.28
-10.87% -916.03%
SMALL-CAP
1.8B
1.1B
-6.10% -43.07%
30.84
1.64
23.56% -41.21%
804.2M
1.9B
-18.63% -60.96%
-22.82
0.42
-30.01% -109.05%
588.8M
1.8B
13.29% -47.53%
-1.99
0.32
-16.43% -882.41%
385.7M
260.5M
-10.71% -29.92%
33.83
1.48
-6.68% -47.81%
266.3M
1.6B
-19.84% -56.10%
-125.5
0.17
-2.37% -104.59%
226.9M
682.3M
7.04% -47.83%
18.66
0.33
-0.22% -64.32%
127.8M
603.5M
-19.25% -80.12%
-0.65
0.21
29.04% 16.80%
15.6M
453.2M
-31.12% -90.54%
-0.35
0.03
-5.99% -122.89%

Financials for RealReal

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.5%603,493,000588,963,000565,098,000515,575,000467,692,000
Gross Profit4.8%348,691,000332,708,000318,030,000293,756,000273,477,000
Operating Expenses1.5%537,854,000530,108,000521,058,000510,598,000488,385,000
  S&GA Expenses2.0%195,160,000191,281,000189,333,000181,352,000176,418,000
EBITDA6.9%-158,132,000-169,844,000-177,581,000-192,099,000-
EBITDA Margin9.1%-0.26-0.29-0.37-0.41-
Earnings Before Taxes6.5%-196,273,000-209,961,000-219,934,000-237,498,000-236,051,000
EBT Margin8.8%-0.33-0.36-0.46-0.50-
Interest Expenses-26.1%10,472,00014,171,00017,568,00020,899,00021,531,000
Net Income6.5%-196,445,000-210,030,000-219,968,000-237,526,000-236,107,000
Net Income Margin8.7%-0.33-0.36-0.46-0.50-
Free Cahsflow16.8%-114,418,000-137,594,000-168,166,000-180,385,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-3.0%616634648698755
  Current Assets-6.8%372399417464518
    Cash Equivalents-2.2%294300316361418
  Inventory-31.8%43.0063.0074.0074.0071.00
  Net PPE13.2%11310093.0090.0089.00
Liabilities1.3%786776756768682
  Current Liabilities6.9%208194172180188
Shareholder's Equity-332.6%-17073.00---
  Retained Earnings-4.2%-951-912-865-812-768
  Additional Paid-In Capital1.3%781771758743841
Accumulated Depreciation7.2%59.0055.0051.0050.00-
Shares Outstanding1.2%99.0098.0096.0094.0093.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations19.7%-91.56-114-141-143-142
  Share Based Compensation-6.8%46.0049.0051.0050.0049.00
Cashflow From Investing-2.7%-36.92-35.93-38.19-47.55-43.44
Cashflow From Financing-26.5%4.006.004.004.00253

Risks for REAL

What is the probability of a big loss on REAL?

96.9%


Probability that RealReal stock will be more than 20% underwater in next one year

91.8%


Probability that RealReal stock will be more than 30% underwater in next one year.

91.3%


Probability that RealReal stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does REAL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if RealReal was unfortunately bought at previous high price.

Drawdowns

Returns for REAL

Cumulative Returns on REAL

-46.9%


3-Year Cumulative Returns

Which funds bought or sold REAL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-06
Rockefeller Capital Management L.P.
added
0.01
-14,000
68,000
-%
2023-03-06
OLD MISSION CAPITAL LLC
sold off
-100
-22,000
-
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
-8,022
39,978
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
sold off
-100
-
-
-%
2023-02-15
JANE STREET GROUP, LLC
reduced
-5.83
-117,194
425,806
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
unchanged
-
-9,000
46,000
-%
2023-02-15
HOWE & RUSLING INC
sold off
-100
-
-
-%
2023-02-15
MetLife Investment Management, LLC
reduced
-91.52
-65,077
4,923
-%
2023-02-15
Metropolitan Life Insurance Co/NY
added
0.94
-894
7,106
-%
2023-02-15
Point72 Middle East FZE
new
-
41,954
41,954
-%

1–10 of 31

Latest Funds Activity

Are funds buying REAL calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own REAL
No. of Funds

RealReal News

Defense World

River & Mercantile Asset Management LLP Grows Position in The ....

Defense World,
42 hours ago

InvestorsObserver

The RealReal Investor Relations

The RealReal Announces Fourth Quarter and Full Year 2022 ....

The RealReal Investor Relations,
18 days ago

Schedule 13G FIlings of RealReal

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
5.26%
5,155,010
SC 13G/A
Feb 06, 2023
wellington management group llp
0.00%
0
SC 13G/A
Feb 01, 2023
blackrock inc.
6.5%
6,398,321
SC 13G/A
Jun 10, 2022
fmr llc
-
0
SC 13G/A
Mar 11, 2022
blackrock inc.
6.5%
6,005,789
SC 13G/A
Feb 14, 2022
greylion partners lp
8.08%
7,469,771
SC 13G/A
Feb 14, 2022
wainwright julie
4.7%
4,355,122
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 08, 2022
blackrock inc.
6.5%
6,005,789
SC 13G
Feb 04, 2022
wellington management group llp
6.11%
5,646,201
SC 13G

REAL Fair Value

RealReal fair value in different scenarios

The table shows the Fair Value estimates for RealReal for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

0.67

-48.06%

2.30

78.29%

5.25

306.98%

8.36

548.06%
Current Inflation

-

-

0.05

-96.12%

1.86

44.19%

4.42

242.64%

7.11

451.16%
Very High Inflation

-

-

0.24

-81.40%

1.34

3.88%

3.43

165.89%

5.64

337.21%

Historical RealReal Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of RealReal

View All Filings
Date Filed Form Type Document
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Mar 03, 2023
S-8
Employee Benefits Plan
Feb 28, 2023
10-K
Annual Report
Feb 28, 2023
8-K
Current Report
Feb 21, 2023
4
Insider Trading

Latest Insider Trading transactions for REAL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-03
Suko Todd A
acquired
-
-
300,000
chief legal officer and secret
2023-03-03
Koryl John E
acquired
-
-
2,750,000
chief executive officer
2023-03-03
Sahi Levesque Rati
acquired
-
-
500,000
president and coo
2023-03-03
Friang Luke Thomas
acquired
-
-
325,000
chief product & tech officer
2023-03-03
JULIAN ROBERT K.
acquired
-
-
500,000
chief financial officer
2023-03-03
Lo Steve Ming
acquired
-
-
125,000
svp, chief accounting officer
2023-02-20
Suko Todd A
sold (taxes)
-18,266
1.48
-12,342
chief legal officer and secret
2023-02-20
Sahi Levesque Rati
sold (taxes)
-19,271
1.48
-13,021
president
2023-02-20
JULIAN ROBERT K.
sold (taxes)
-1,416
1.48
-957
chief financial officer
2023-02-20
Lo Steve Ming
sold (taxes)
-10,210
1.48
-6,899
svp, chief accounting officer

1–10 of 50

Julie Wainwright
3360
The RealReal, Inc. operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women's, men's, kids', jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.

REAL Income Statement

2022-12-31
Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:   
Total revenue$ 603,493$ 467,692$ 299,949
Cost of revenue:   
Total cost of revenue254,802194,215112,382
Gross profit348,691273,477187,567
Operating expenses:   
Marketing63,12862,74954,813
Operations and technology279,110235,829163,808
Selling, general and administrative195,160176,418140,652
Legal settlements45613,3891,110
Total operating expenses537,854488,385360,383
Loss from operations(189,163)(214,908)(172,816)
Interest income3,1913652,518
Interest expense(10,472)(21,531)(5,264)
Other income (expense), net17123(169)
Loss before provision for income taxes(196,273)(236,051)(175,731)
Provision for income taxes17256101
Net loss attributable to common stockholders$ (196,445)$ (236,107)$ (175,832)
Net loss per share attributable to common stockholders, basic (in dollars per share)$ (2.05)$ (2.58)$ (2.01)
Net loss per share attributable to common stockholders, diluted (in dollars per share)$ (2.05)$ (2.58)$ (2.01)
Weighted-average common shares outstanding used to calculate net loss per share attributable to common stockholders, basic (in shares)95,921,24691,409,62487,587,409
Weighted-average common shares outstanding used to calculate net loss per share attributable to common stockholders, diluted (in shares)95,921,24691,409,62487,587,409
Cost of consignment and service revenue   
Revenue:   
Total revenue$ 384,979$ 302,221$ 213,312
Cost of revenue:   
Total cost of revenue56,96344,98530,389
Cost of direct revenue   
Revenue:   
Total revenue158,726120,84452,623
Cost of revenue:   
Total cost of revenue141,661101,42745,406
Shipping services revenue   
Revenue:   
Total revenue59,78844,62734,014
Cost of revenue:   
Total cost of revenue$ 56,178$ 47,803$ 36,587

REAL Balance Sheet

2022-12-31
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 293,793$ 418,171
Accounts receivable12,2077,767
Inventory, net42,96771,015
Prepaid expenses and other current assets23,29120,859
Total current assets372,258517,812
Property and equipment, net112,67989,286
Operating lease right-of-use assets127,955145,311
Other assets2,7492,535
Total assets615,641754,944
Current liabilities  
Accounts payable11,9024,503
Accrued consignor payable81,54371,042
Operating lease liabilities, current portion20,77618,253
Other accrued and current liabilities93,29294,188
Total current liabilities207,513187,986
Operating lease liabilities, net of current portion125,118143,159
Convertible senior notes, net449,848348,380
Other noncurrent liabilities3,2542,291
Total liabilities785,733681,816
Commitments and contingencies (Note 11)
Stockholders’ equity:  
Common stock, $0.00001 par value; 500,000,000 shares authorized as of December 31, 2022 and December 31, 2021; 99,088,172 and 92,960,066 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively11
Additional paid-in capital781,060841,255
Accumulated deficit(951,153)(768,128)
Total stockholders’ equity (deficit)(170,092)73,128
Total liabilities and stockholders’ equity (deficit)$ 615,641$ 754,944