Loading...
•
Dec 31, 2024
RealReal Q4 2024 Earnings Report
RealReal reported strong fourth quarter and full year 2024 results, exiting the year from a position of strength.
Key Takeaways
The RealReal announced strong fourth quarter and full year 2024 results, with fourth quarter revenue up 14% year-over-year to a record high of $164 million. The company achieved positive Adjusted EBITDA and positive free cash flow for the full year, demonstrating significant improvements in financial performance.
Fourth quarter 2024 revenue reached a record high of $164 million, a 14% increase year-over-year.
Full year 2024 Adjusted EBITDA was positive $9 million, a $64 million improvement compared to 2023.
Full year 2024 Operating Cash Flow was positive $27 million, an $88 million increase year-over-year.
Fourth quarter Adjusted EBITDA was $11 million, or 6.7% of total revenue, improving by $10 million compared to the prior year.
Revenue by Segment
Forward Guidance
For Q1 2025, The RealReal expects GMV to be between $484 million and $492 million, total revenue between $157 million and $161 million, and Adjusted EBITDA between $3.0 million and $4.5 million. For the full year 2025, GMV is projected to be between $1.96 billion and $1.99 billion, total revenue between $645 million and $660 million, and Adjusted EBITDA between $20 million and $30 million.
Positive Outlook
- Projected positive Adjusted EBITDA for Q1 2025 and full year 2025.
- Anticipated growth in GMV for both Q1 2025 and full year 2025.
- Expected increase in total revenue for both Q1 2025 and full year 2025.
- Continued focus on strategic pillars to unlock supply, drive operational efficiency, and obsess over service.
- Leveraging AI to improve consignor experience and drive operating leverage.
Challenges Ahead
- Inability to predict with reasonable certainty the ultimate outcome of certain components of forward-looking Adjusted EBITDA reconciliation.
- Potential impact of payroll tax expense on employee stock transactions not within company control.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...