The RealReal delivered a breakout performance in the second quarter of 2025, achieving record high quarterly Gross Merchandise Value (GMV) and total revenue, both increasing by 14% year-over-year. The company significantly improved its net loss and adjusted EBITDA, demonstrating the success of its strategic roadmap and operational efficiency.
Total Revenue reached $165 million, marking a 14% increase compared to Q2 2024.
Net Loss improved to $(11) million, a $5 million improvement year-over-year.
Adjusted EBITDA was $6.8 million, an $8.6 million improvement compared to the prior year period.
Gross Merchandise Value (GMV) hit a record high of $504 million, up 14% year-over-year.
The RealReal is raising its full-year guidance for 2025, reflecting confidence in continued growth and profitability, and provided guidance for Q3 2025.
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