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Sep 30, 2020
RealReal Q3 2020 Earnings Report
The RealReal's Q3 2020 financial results were announced, showing improvements in GMV and revenue compared to the previous quarter but decreases compared to the same quarter last year.
Key Takeaways
The RealReal reported a 3% year-over-year decrease in GMV to $245.4 million and a 4% year-over-year decrease in total revenue to $78.1 million for Q3 2020. Despite these decreases, there was a significant improvement in both GMV and revenue compared to Q2 2020. The company's partnership with Gucci and focus on operational changes are expected to position them for future growth.
GMV decreased 3% year-over-year to $245.4 million, but improved 17% quarter-over-quarter.
Total revenue decreased 4% year-over-year to $78.1 million, but improved 16% quarter-over-quarter.
Gross profit decreased 5% year-over-year to $49.8 million, but improved 18% quarter-over-quarter.
The company partnered with Gucci to launch an online shop featuring pre-loved Gucci items.
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 a financial outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income