Therealreal, INC. (REAL) — SEC Filings

Overview

Therealreal, INC. (REAL) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Nov 10, 2025: TheRealReal, Inc. reported a significant reduction in net loss for the nine months ended September 30, 2025, narrowing to $3.017 million from $65.747 million in the prior year, primarily driven by a substantial gain on extinguishment of debt of $40.785 million. Total revenue increased by 14.2% to $4

Sentiment Summary

Across 29 filings, the sentiment breakdown is: 27 neutral, 2 mixed. The dominant filing sentiment for Therealreal, INC. is neutral.

Filing Type Overview

Therealreal, INC. (REAL) has filed 11 8-K, 6 10-Q, 2 DEF 14A, 2 10-K, 3 SC 13G, 1 SC 13D, 4 SC 13G/A with the SEC between Jan 2024 to Nov 2025.

Filings by Year

2025 · 2024

Recent Filings (29)

• 8-K Filing — 8-K · Nov 18, 2025
• TheRealReal Narrows 9-Month Loss Amidst Debt Restructuring, Q3 Loss Widens — 10-Q · Nov 10, 2025 Risk: high
  TheRealReal, Inc. reported a significant reduction in net loss for the nine months ended September 30, 2025, narrowing to $3.017 million from $65.747 million in
• TheRealReal Files 8-K on Financial Obligations and Equity Sales — 8-K · Aug 21, 2025 Risk: medium
  TheRealReal, Inc. filed an 8-K on August 21, 2025, reporting on events occurring on August 20, 2025. The filing indicates the creation of a direct financial obl
• TheRealReal Narrows Q2 Loss by 67% Amid Profitability Push — 10-Q · Aug 7, 2025 Risk: medium
  TheRealReal, Inc. reported a net loss of $31.4 million for the three months ended June 30, 2025, a significant improvement from the $95.6 million net loss in th
• TheRealReal Elects New Directors, Adjusts Officer Compensation — 8-K · Jul 18, 2025 Risk: medium
  TheRealReal, Inc. announced on July 17, 2025, changes in its board of directors and executive compensation. Specifically, the company elected new directors and
• TheRealReal, Inc. Reports Security Holder Vote — 8-K · Jun 13, 2025 Risk: medium
  TheRealReal, Inc. filed an 8-K on June 13, 2025, reporting that matters were submitted to a vote of security holders on June 11, 2025. The filing does not discl
• TheRealReal Files Q1 2025 10-Q — 10-Q · May 8, 2025 Risk: medium
  TheRealReal, Inc. filed its 10-Q for the period ending March 31, 2025. The filing covers the first quarter of 2025 and was submitted on May 8, 2025. Key financi
• TheRealReal's 2025 DEF 14A: Executive Pay & Board Details — DEF 14A · Apr 28, 2025 Risk: medium
  TheRealReal, Inc. filed its DEF 14A on April 28, 2025, detailing executive compensation and board member information for the fiscal year ending December 31, 202
• TheRealReal Files 2024 10-K — 10-K · Feb 21, 2025 Risk: medium
  TheRealReal, Inc. filed its 2024 10-K on February 21, 2025, reporting on its fiscal year ending December 31, 2024. The filing details the company's financial pe
• TheRealReal Files 8-K on Financials — 8-K · Feb 20, 2025 Risk: low
  TheRealReal, Inc. filed an 8-K on February 20, 2025, reporting on its results of operations and financial condition. The filing includes financial statements an
• TheRealReal Files 8-K: Material Agreement & Equity Sales — 8-K · Feb 10, 2025 Risk: medium
  On February 10, 2025, TheRealReal, Inc. filed an 8-K detailing a material definitive agreement and other financial information. The filing also disclosed unregi
• SC 13G Filing — SC 13G · Nov 12, 2024
• TheRealReal Files Q3 2024 10-Q — 10-Q · Nov 4, 2024 Risk: medium
  TheRealReal, Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Spe
• Philotimo Fund Discloses Stake in TheRealReal — SC 13D · Nov 1, 2024 Risk: medium
  Philotimo Fund, LP, managed by Mr. David L. Kanen, has filed a Schedule 13D on November 1, 2024, indicating a significant stake in TheRealReal, Inc. The filing
• TheRealReal Files 8-K on Operations, Personnel Changes — 8-K · Oct 28, 2024 Risk: medium
  TheRealReal, Inc. filed an 8-K on October 28, 2024, reporting on its results of operations and financial condition. The filing also covers the departure of dire
• SC 13G Filing — SC 13G · Oct 22, 2024
• SC 13G/A Filing — SC 13G/A · Oct 1, 2024
• SC 13G Filing — SC 13G · Sep 5, 2024
• TheRealReal, Inc. Files Q2 2024 10-Q Report — 10-Q · Aug 6, 2024 Risk: medium
  TheRealReal, Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter and first half of the fiscal year. Specific financial
• TheRealReal, Inc. Files 8-K on Shareholder Votes and Exhibits — 8-K · Jun 14, 2024 Risk: low
  On June 12, 2024, TheRealReal, Inc. filed an 8-K to report on the submission of matters to a vote of its security holders. The filing also includes financial st
• TheRealReal, Inc. Files 10-Q for Period Ending March 31, 2024 — 10-Q · May 7, 2024 Risk: medium
  TheRealReal, Inc. (REAL) filed a Quarterly Report (10-Q) with the SEC on May 7, 2024. TheRealReal, Inc. filed a 10-Q report for the period ending March 31, 2024
• TheRealReal, Inc. Announces 2024 Annual Stockholder Meeting on June 12 — DEF 14A · Apr 26, 2024 Risk: low
  TheRealReal, Inc. (REAL) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. The RealReal, Inc. will hold its 2024 annual meeting of stockholders
• TheRealReal, Inc. Files 2023 Annual Report on Form 10-K — 10-K · Mar 1, 2024 Risk:
  TheRealReal, Inc. (REAL) filed a Annual Report (10-K) with the SEC on March 1, 2024. TheRealReal, Inc. filed its 2023 Form 10-K on March 1, 2024. The filing cov
• TheRealReal Files 8-K on Material Agreement & Financials — 8-K · Feb 29, 2024 Risk: medium
  TheRealReal, Inc. filed an 8-K on February 29, 2024, reporting on an entry into a material definitive agreement, results of operations and financial condition,
• TheRealReal Files 8-K on Officer Changes and Compensatory Arrangements — 8-K · Feb 21, 2024 Risk: medium
  TheRealReal, Inc. filed an 8-K on February 21, 2024, reporting an event that occurred on February 19, 2024. The filing covers topics such as the departure or el
• SC 13G/A Filing — SC 13G/A · Feb 13, 2024
• GreyLion Partners Amends RealReal Stake, Signals Ownership Change — SC 13G/A · Feb 9, 2024 Risk: low
  GreyLion Partners LP, a New York-based investment firm, filed an Amendment No. 4 to Schedule 13G/A on February 9, 2024, for its holdings in TheRealReal, Inc. (N
• TheRealReal Changes Principal Executive Office Address — 8-K · Jan 30, 2024
  TheRealReal, Inc. filed an 8-K on January 30, 2024, reporting a change in its principal executive offices. The company's new address is 55 Francisco Street, Sui
• Timothy M. Riley Discloses 5.81% Stake in TheRealReal (TRRN) — SC 13G/A · Jan 3, 2024
  Timothy M. Riley, an individual investor, has updated his ownership stake in TheRealReal, Inc. (TRRN) as of December 31, 2023. He now beneficially owns an aggre

Risk Profile

Risk Assessment: Of REAL's 20 recent filings, 1 were flagged as high-risk, 15 as medium-risk, and 4 as low-risk. The overall risk profile suggests moderate risk with a balanced mix of positive and cautionary disclosures.

Financial Highlights

Key financial metrics from Therealreal, INC.'s most recent 10-Q filing (Nov 10, 2025):

• Revenue: $498,794,000
• Net Income: -$3,017,000
• EPS: -$0.03
• Debt-to-Equity: N/A
• Cash Position: $108,422,000
• Operating Margin: -6.1%
• Total Assets: $366,212,000
• Total Debt: $446,670,000

Key Executives

• Rati Sahi Levesque
• John Koryl
• Robert Julian
• Julie Wainwright
• Mr. David L. Kanen
• James Miller
• DAVID FERGUSON
• GILBERT BAIRD

Industry Context

TheRealReal operates in the rapidly growing online luxury resale market. This sector is characterized by increasing consumer interest in sustainability and value, but also by intense competition from established players and emerging platforms. Key trends include the demand for authenticated luxury goods and the expansion of services beyond simple marketplaces.

Top Tags

corporate-governance (5) · 10-Q (4) · financials (4) · Luxury Resale (2) · E-commerce (2) · Financial Performance (2) · equity-sale (2) · SEC Filing (2) · 10-K (2) · financial-condition (2)

Key Numbers

• Net Loss (9 months): $3.017M — Significantly reduced from $65.747M in prior year, largely due to debt extinguishment.
• Net Loss (Q3): $54.051M — Increased from $17.938M in Q3 2024, primarily due to warrant liability changes.
• Total Revenue (9 months): $498.794M — Increased 14.2% from $436.489M in prior year, driven by consignment revenue.
• Gain on Debt Extinguishment: $40.785M — Key factor in reducing nine-month net loss.
• Change in Fair Value of Warrant Liability: $43.928M — Primary driver of increased Q3 net loss.
• Cash and Cash Equivalents: $108.422M — Decreased from $172.212M at year-end 2024, indicating cash burn.
• Net Cash Used in Operating Activities (9 months): $12.510M — Continued cash outflow from core operations.
• Revenue Growth (9 months): 14.2% — Solid top-line growth year-over-year.
• Shares Outstanding: 116,682,847 — As of November 5, 2025.
• Net Loss (Q2 2025): $31.4M — 67.1% improvement from Q2 2024's $95.6M net loss
• Net Loss (YTD 2025): $62.9M — 66.9% improvement from YTD 2024's $189.7M net loss
• Net Loss Reduction: 67.1% — Percentage decrease in net loss from Q2 2024 to Q2 2025
• Additional Paid-In Capital: $1,095.5M — Reflects equity raised as of June 30, 2025
• Retained Earnings (Accumulated Deficit): -$1,740.7M — Total accumulated losses as of June 30, 2025
• Fiscal Year End: 2024 — Reporting period for compensation and equity award data.

Forward-Looking Statements

• {"claim":"The updated filing by GreyLion Partners LP may lead to increased scrutiny of TheRealReal, Inc.'s stock by other institutional investors.","entity":"TheRealReal, Inc.","targetDate":"Q2 2024","confidence":"medium"}

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