SuperworthTheRealReal profit margin REAL
Gross, operating and net profit as a share of revenue over the last twelve months, from 2018.
- Net margin, 12 months
- −10.8%
- Operating margin, 12 months
- −0.8%
- Net margin on a year earlier
- −5.3 pts
- Peer median
- 5.3%
Over the twelve months to Jun 30, 2026, TheRealReal kept −10.8% of its revenue as net profit, with an operating margin of −0.8% and a gross margin of 74.5%.
Five years earlier its net margin was −60.0%.
The median for 10 specialty retail stocks of a similar size is 5.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −6.0% | −3.5% | 74.6% |
| FY2024 | −22.3% | −9.4% | 74.5% |
| FY2023 | −30.7% | −30.3% | 68.5% |
| FY2022 | −32.6% | −31.3% | 57.8% |
| FY2021 | −50.5% | −46.0% | 58.5% |
| FY2020 | −58.6% | −57.6% | 62.5% |
| FY2019 | −30.6% | −31.1% | 63.7% |
| FY2018 | −35.4% | −34.6% | 64.1% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −10.8% | −5.3 pts | −0.8% | |
| Q1 FY26 | −9.0% | −2.4 pts | −1.9% | |
| Q4 FY25 | −6.0% | +16.3 pts | −3.5% | |
| Q3 FY25 | −10.8% | +4.3 pts | −5.3% | |
| Q2 FY25 | −5.6% | +10.8 pts | −6.7% | |
| Q1 FY25 | −6.6% | +14.6 pts | −8.3% | |
| Q4 FY24 | −22.3% | +8.3 pts | −9.4% | |
| Q3 FY24 | −15.1% | +17.7 pts | −12.5% | |
| Q2 FY24 | −16.4% | +20.1 pts | −14.2% | |
| Q1 FY24 | −21.2% | +15.8 pts | −18.6% | |
| Q4 FY23 | −30.7% | +1.9 pts | −30.3% | |
| Q3 FY23 | −32.8% | +2.9 pts | −32.4% |
Against its peers
Companies in Specialty Retail nearest TheRealReal's size, closest first, today.
| Company | Profit margin |
|---|---|
| REALTheRealReal | −10.8% |
| SVVSavers Value Village | 1.4% |
| SPHSuburban Propane Partners | 9.4% |
| HZOMarinemax | 0.2% |
| RVLVRevolve | 5.5% |
| SBHSally Beauty | 5.2% |
| ARHSArhaus | 4.9% |
| WINAWinmark | 45.1% |
| EZPWEzcorp | 10.0% |
| GCTGigaCloud Technology | 10.6% |
| WOOFPetco Health & Wellness | 0.5% |
| Peer median | 5.3% |
Where TheRealReal ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on TheRealReal
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.