CEO Rati Levesque described the latest results as a validation of the company's compounding advantages, marking the fourth consecutive quarter of growth exceeding 20%. Total revenue rose to $193 million, representing a 17% year-over-year increase, while gross margins saw a 10-basis-point improvement to 74.4%. The company also achieved a notable expansion in Adjusted EBITDA margin, which climbed to 7.0%, reflecting a 290-basis-point gain compared to the same period in 2025.
The RealReal Raises 2026 Forecast After Record Quarterly GMV
The RealReal reported a record-breaking second quarter for 2026, with gross merchandise value hitting $617 million—a 22% jump over the previous year. Driven by this sustained momentum and deeper engagement from both buyers and sellers, the luxury resale platform has officially lifted its full-year financial guidance.
Looking toward the remainder of the year, management expressed confidence in the durability of these supply and demand trends. The RealReal now projects full-year 2026 revenue between $788 million and $797 million, with annual gross merchandise value expected to reach up to $2.565 billion. Despite a GAAP net loss of $27 million—largely attributed to a non-cash adjustment regarding warrant liability—the platform continues to scale, supported by a growing base of 1.1 million active buyers and an average order value that rose 13% to $659.
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