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Mar 31, 2020
RealReal Q1 2020 Earnings Report
The RealReal announced first quarter 2020 results with GMV and revenue increasing year-over-year, but operations were constrained by shelter-in-place directives.
Key Takeaways
The RealReal reported a 15% increase in GMV and an 11% increase in total revenue for Q1 2020. However, the company's operations were constrained by shelter-in-place directives, resulting in a significant GMV headwind. The company is focusing on reducing operating expenses and preserving liquidity.
Gross Merchandise Volume (GMV) increased 15% year over year to $257.6 million.
Total Revenue increased 11% year over year to $78.2 million.
Gross Profit increased 16% year over year to $49.2 million.
Trailing 12 months active buyers reached 601,766, up 32% year over year.
RealReal
RealReal
RealReal Revenue by Segment
Revenue by Segment
Consignment Revenue
CapyFin.comDirect Revenue
CapyFin.com Forward Guidance
The company withdrew its outlook for the first quarter and full year 2020 as a result of the growing impact of the COVID-19 pandemic on its business. Given limited near-term visibility, the company elects to not provide an updated financial outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income