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Sep 30, 2024
RealReal Q3 2024 Earnings Report
Reported strong third quarter results with revenue increase and improved profitability.
Key Takeaways
The RealReal announced Q3 2024 results with a revenue of $148 million, up 11% year-over-year. Net loss improved by $5 million year-over-year to $(18) million, and adjusted EBITDA increased by $9 million year-over-year to $2.3 million. The company raised its full year outlook.
GMV was $433 million, an increase of 6% compared to the same period in 2023.
Total Revenue was $148 million, an increase of 11% compared to the same period in 2023.
Gross Profit was $111 million, an increase of $17 million compared to the same period in 2023.
Net Loss was $(18) million, an improvement compared to $(23) 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 company is raising its full year guidance and providing guidance for Q4 2024.
Positive Outlook
- Q4 2024 GMV is expected to be $484 - $500 million.
- Q4 2024 Total Revenue is expected to be $158 - $165 million.
- Q4 2024 Adjusted EBITDA is expected to be $6.5 - $9.5 million.
- Full Year 2024 GMV is expected to be $1.810 - $1.826 billion.
- Full Year 2024 Total Revenue is expected to be $595 - $602 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income