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Mar 31, 2023
RealReal Q1 2023 Earnings Report
The company reported increased gross merchandise value and consignment revenue, but experienced a decrease in total revenue.
Key Takeaways
The RealReal announced its Q1 2023 results, with GMV increasing by 4% year-over-year and consignment revenue growing by 22%. However, total revenue decreased by 3% compared to the same period in 2022. The company is focused on higher margin consignment business and minimizing lower-value consigned items.
Gross Merchandise Value increased 4% year-over-year.
Total Revenue decreased 3% year-over-year.
Consignment Revenue grew 22% year-over-year.
Gross Profit increased by $11 million compared to the same period in 2022.
RealReal
RealReal
RealReal Revenue by Segment
Revenue by Segment
Consignment Revenue
CapyFin.comDirect Revenue
CapyFin.comShipping Services Revenue
CapyFin.com Forward Guidance
The company provided guidance for Q2 and full year 2023 GMV, total revenue, and Adjusted EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income