Welcome to our dedicated page for Therealreal SEC filings (Ticker: REAL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The RealReal, Inc. (REAL) files a range of documents with the U.S. Securities and Exchange Commission that shed light on its operations as an online marketplace for authenticated, resale luxury goods. This SEC filings page aggregates those documents so readers can review how the company reports its financial performance, capital structure and key corporate events.
Core periodic reports such as annual reports on Form 10-K and quarterly reports on Form 10-Q (when available) provide detail on revenue streams, including consignment revenue, direct revenue and shipping services revenue, along with discussions of gross merchandise value, margins, net income or loss and non-GAAP measures like Adjusted EBITDA. These filings also contain sections such as “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” which the company cites in its earnings releases.
Current reports on Form 8-K offer more immediate updates on material events. For The RealReal, recent 8-K filings have addressed quarterly earnings announcements, debt exchange transactions involving convertible senior notes, and changes in the composition of the board of directors. These documents also confirm that the company’s common stock, with a par value of $0.00001 per share, is listed on The Nasdaq Global Select Market under the symbol REAL.
On Stock Titan, each REAL filing is paired with AI-powered summaries designed to explain the key points in accessible language. Readers can quickly see what changed in a new 10-K or 10-Q, how a Form 8-K alters the company’s obligations or governance, and where Form 4 insider transaction reports fit into the broader picture. Real-time updates from EDGAR help ensure that new filings appear promptly, while AI-generated highlights make it easier to navigate complex regulatory documents related to The RealReal’s luxury resale business.
McCaffrey Mark reported acquisition or exercise transactions in this Form 4 filing.
TheRealReal, Inc. director Mark McCaffrey received an equity award of 963 shares of common stock in the form of deferred restricted stock units (DRSUs). The DRSUs were granted at no cash cost under TheRealReal Inc. 2019 Equity Incentive Plan and are fully vested.
Each DRSU is economically equivalent to one share of common stock and will be settled in shares, generally upon his separation from service as a non-employee director or on a date he elects. Following this grant, McCaffrey directly holds 12,863 shares of TheRealReal common stock.
TheRealReal, Inc. director Karen Katz reported an acquisition of deferred equity compensation. She received 1,988 deferred restricted stock units (DRSUs), each economically equivalent to one share of common stock, granted under TheRealReal Inc. 2019 Equity Incentive Plan on March 31, 2026. Following this award, her directly held and deferred equity position is reported at 238,355 shares of common stock. The DRSUs are fully vested but will be settled in shares only upon her separation from service as a non-employee director or on a future date she has elected.
The RealReal Inc./The filing amends a prior Schedule 13G to report that The Vanguard Group holds 0 shares of Common Stock, representing 0 of the class. The filing explains an internal realignment effective January 12, 2026 that disaggregated beneficial ownership among Vanguard subsidiaries and states those subsidiaries now report separately.
The filing is administrative: it updates Vanguard's reporting status and confirms no beneficial ownership or voting/dispositive power in the issuer's common stock as of the signature date.
TheRealReal, Inc. Chief Financial Officer Ajay Madan Gopal reported an automatic sale of 51,585 shares of common stock at $9.29 per share. The shares were sold by The RealReal, Inc. to satisfy withholding taxes triggered by the vesting of 100,000 shares from a performance award granted on May 8, 2024. Following this tax-related sale, he holds 1,179,307 shares of common stock directly.
TheRealReal, Inc. director Jennifer McKeehan filed an initial statement of beneficial ownership on Form 3. The filing lists her status as a director but shows no reportable purchases, sales, or other transactions in the company’s securities at this time.
The RealReal, Inc. is updating its leadership team and Board of Directors. On March 6, 2026, longtime Board member Niki Leondakis resigned, and the company appointed Jennifer McKeehan as a Class II director, with her term running until the 2027 annual stockholder meeting.
McKeehan, currently Chief Operating Officer of Fanatics Commerce at Fanatics, Inc., will also serve on the Board’s Corporate Governance and Nominating Committee. As a non-employee director, she will receive an annual cash retainer of $35,000 and an annual equity award of $165,000 in restricted stock units, subject to standard vesting and pro rata rules.
The company is also strengthening its executive leadership by appointing Tiffany Stevenson as Chief People Officer and Tom Hanrahan as Chief Revenue Officer, adding experience in people strategy, sales and revenue growth from prior roles at leading consumer and technology companies.
The RealReal, Inc. files its annual report describing a large, data-driven marketplace for authenticated, pre-owned luxury goods and related retail stores. The company highlights strong network effects, with over 1 million active buyers in 2025 and more than 80% of gross merchandise value from repeat consignors and buyers.
In 2025, The RealReal reports a net loss of $41.8 million, improved from $168.5 million in 2023 and $134.2 million in 2024, but with an accumulated deficit of $1,295.6 million. Key risks include its history of losses, dependence on steady luxury supply and demand, competition, data security, and the accuracy of its authentication processes.
The RealReal, Inc. reported strong growth for the fourth quarter and full year 2025 while significantly narrowing losses. Full year 2025 gross merchandise value reached $2.13 billion, up 16% year over year, and total revenue rose 15% to $692.8 million.
Net loss for 2025 improved to $41.8 million, or 6.0% of revenue, from $134.2 million, driven in part by a $35.8 million non-cash gain from warrant remeasurement and a $40.8 million gain on debt extinguishment. Adjusted EBITDA increased to $42.1 million, or 6.1% of revenue, and free cash flow turned positive at $5.5 million. In Q4 2025, GMV grew 22% to $615.7 million, revenue rose 18% to $194.1 million, and Adjusted EBITDA nearly doubled to $21.9 million. For 2026, the company guides GMV to $2.39–$2.45 billion, revenue to $765–$780 million, and Adjusted EBITDA to $57–$65 million.
TheRealReal, Inc. Chief Financial Officer Ajay Madan Gopal reported automatic share sales and a new equity grant. On February 23, 2026, he sold a total of 31,381 shares of common stock in open-market transactions at $10.72 per share, with footnotes explaining these shares were automatically sold by TheRealReal, Inc. to cover withholding taxes due upon vesting of an equity award.
On the same date, he acquired 106,181 shares of common stock through a grant of restricted stock units under TheRealReal Inc. 2019 Equity Incentive Plan, at a stated price of $0.00 per share. These restricted stock units will vest in twelve equal quarterly installments from the vesting commencement date. After these transactions, he directly held 1,230,892 shares of TheRealReal, Inc. common stock.
TheRealReal, Inc. Chief Product & Tech Officer Luke Thomas Friang reported both sales and an equity award in company stock. On February 23, 2026, he had a total of 19,609 shares of common stock automatically sold at $10.72 per share to cover withholding taxes due on a vesting equity award. These transactions were coded as open-market sales but were driven by tax obligations rather than discretionary trading.
On the same date, Friang received a grant of 72,203 restricted stock units under TheRealReal, Inc. 2019 Equity Incentive Plan, at a stated price of $0.00 per share. The restricted stock units will vest in twelve equal quarterly installments, and each unit is the economic equivalent of one share of common stock. Following these transactions, his directly held common stock position was reported as 551,859 shares.