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Dec 31, 2021
RealReal Q4 2021 Earnings Report
Announced solid financial results driven by strong top-line growth and operating expense leverage.
Key Takeaways
The RealReal reported a 67% increase in total revenue to $145 million and a 45% increase in GMV to $437 million for Q4 2021. The company's net loss was $52 million, and non-GAAP net loss per share was $(0.42).
GMV increased 45% year-over-year.
Total revenue increased 67% year-over-year.
Net loss was $52 million compared to $51 million in the same period in 2020
TTM active buyers reached 797,000, an increase of 23% compared to the same period in 2020
RealReal
RealReal
RealReal Revenue by Segment
Revenue by Segment
Consignment Revenue
CapyFin.comDirect Revenue
CapyFin.com Forward Guidance
The RealReal provided guidance for Q1 and full year 2022, projecting GMV of $410 - $425 million and $2.0 - $2.1 billion, total revenue of $130 - $140 million and $635 - $665 million, and Adjusted EBITDA of $(39) - $(35) million and $(100) - $(80) million, respectively. They project that The RealReal will be Adjusted EBITDA positive for full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income