Stock AnalizTheRealReal, Inc. REAL
Other Specialty Stores · IPO 2019 · data as of November 13, 2026
TheRealReal, Inc. (REAL) is a consumer discretionary company listed in the US with a market value of about $1.8B. In the twelve months to September 30, 2026 it had revenue of $782M and net income of -$11M, a net margin of -1.4%.
Its overall Stock Analiz score is 1.0 out of 5 (weak). The strongest part is future growth (2/5); the weakest is value (0/5).
Key numbers: a price to free cash flow of 52.3, 5-year revenue growth of 18% a year, a 5-year average ROIC of -32%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 94% below the current price.
Score: 1.0 / 5
Checks passed
- Revenue growth above 10% last year
- Profit margin improving
- 5-year revenue growth above 8% a year
- Positive free cash flow
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 9 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $782M | $693M | $600M | $549M | $603M | $468M | $300M | $316M | $214M | $138M |
| Net income | -$11M | -$42M | -$134M | -$168M | -$196M | -$236M | -$176M | -$98M | -$76M | -$52M |
| Free cash flow | $35M | $18M | $13M | -$90M | -$114M | -$180M | -$153M | -$79M | -$61M | -$50M |
| EPS (diluted) | $-0.09 | $-0.35 | $-1.24 | $-1.65 | $-2.05 | $-2.58 | $-2.01 | $-2.14 | $-10.12 | $-6.74 |
| Net margin | -1.4% | -6.0% | -22.4% | -30.7% | -32.6% | -50.5% | -58.6% | -31.1% | -35.4% | -38.0% |
| ROIC | — | — | — | — | -35.1% | -29.1% | -26.4% | -17.3% | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 8 analysts is $17.75, 22% above the current price; targets range from $14.00 to $20.00; the consensus rating is “Strong buy”; expected EPS is $0.12 for the fiscal year ending December 31, 2026.
Frequently asked questions
Is TheRealReal stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 94% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does TheRealReal pay a dividend?
Not currently.
Is TheRealReal a good stock to buy?
We do not give buy or sell advice. TheRealReal scores 1.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.