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Jun 30, 2024
RealReal Q2 2024 Earnings Report
The RealReal reported an 11% increase in revenue and improved net loss year-over-year.
Key Takeaways
The RealReal announced its Q2 2024 results, with revenue reaching $145 million, an 11% increase year-over-year. The company's net loss improved by $25 million year-over-year, and adjusted EBITDA also saw a significant improvement of $21 million compared to Q2 2023.
GMV increased by 4% compared to the same period in 2023, reaching $441 million.
Total revenue increased by 11% compared to the same period in 2023, amounting to $145 million.
Gross profit increased by $21 million compared to the same period in 2023, reaching $107 million.
Net loss improved to $(17.0) million, compared to $(41.3) million in the same period in 2023.
RealReal
RealReal
RealReal Revenue by Segment
Revenue by Segment
Consignment Revenue
CapyFin.comDirect Revenue
CapyFin.comShipping Services Revenue
CapyFin.com Forward Guidance
The RealReal is updating its full year guidance and providing guidance for third quarter 2024 GMV, total revenue and Adjusted EBITDA.
Positive Outlook
- Q3 2024 GMV: $410 - $430 million
- Q3 2024 Total Revenue: $135 - $142 million
- Q3 2024 Adjusted EBITDA: $(2) - $1 million
- Full Year 2024 GMV: $1.79 - $1.82 billion
- Full Year 2024 Total Revenue: $580 - $595 million
Challenges Ahead
- Adjusted EBITDA is a Non-GAAP financial measure.
- The company cannot reconcile forward-looking Adjusted EBITDA to net income (loss).
- The ultimate outcome of certain components of such reconciliations including payroll tax expense on employee stock transactions that are not within our control.
- The company is unable to assess the probable significance of the unavailable information.
- The results are based on market conditions as of August 6, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income