The RealReal announced on Monday revenue for the third quarter rose 17 percent to $174 million, on the back of double-digit gross merchandise value (GMV) growth at the American luxury resale platform. The San Francisco-based company said GMV surged 20 percent to $520 million, while consignment sales lifted 15 percent during quarter. Direct revenues skyrocketed 47 percent during the three months ending September 30.
Despite the sales uptick, net losses widened to $54 million, compared to a net loss of $18 million in the same period in 2024. The company said the figure included a $44 million adjustment as a result of the change in fair value of warrant liability.
“We delivered another quarter of accelerating growth and expanded margins, with GMV up 20% and adjusted EBITDA ahead of expectations,” said Rati Levesque, CEO of The RealReal. “Through execution against our strategic pillars — unlock supply through our growth playbook, drive operational efficiency, and obsess over service — we are changing the way people shop.”
Looking ahead, the company now expects full-year revenues to be between $687 and $690 million, while GMV is expected to sit between $2.099 and $2.109 billion for the twelve-month period. Earlier this year, the Real Real opened a new store front in New Jersey, marking the company’s 16th location in the U.S.
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