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Jun 30, 2020
RealReal Q2 2020 Earnings Report
Announced second quarter 2020 results, with GMV trends improving significantly since Q1 and continued into July.
Key Takeaways
The RealReal reported a decrease in GMV and total revenue for Q2 2020 compared to the previous year. However, GMV trends improved throughout the quarter and into July. The company is focused on returning to sustained growth through supply acquisition and operational optimization.
Gross Merchandise Volume (GMV) decreased 20% year over year to $182.8 million.
Total Revenue decreased 21% year over year to $57.4 million.
Gross Profit decreased 22% year over year to $35.8 million.
The company conducted approximately 25,000 virtual appointments in Q2 which improved supply acquisition.
RealReal
RealReal
RealReal Revenue by Segment
Revenue by Segment
Consignment Revenue
CapyFin.comDirect Revenue
CapyFin.com Forward Guidance
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