CEO Rati Levesque described the latest results as a validation of the company's compounding advantages, marking the fourth consecutive quarter of growth exceeding 20%. Total revenue rose to $193 million, representing a 17% year-over-year increase, while gross margins saw a 10-basis-point improvement to 74.4%. The company also achieved a notable expansion in Adjusted EBITDA margin, which climbed to 7.0%, reflecting a 290-basis-point gain compared to the same period in 2025.

Looking toward the remainder of the year, management expressed confidence in the durability of these supply and demand trends. The RealReal now projects full-year 2026 revenue between $788 million and $797 million, with annual gross merchandise value expected to reach up to $2.565 billion. Despite a GAAP net loss of $27 million—largely attributed to a non-cash adjustment regarding warrant liability—the platform continues to scale, supported by a growing base of 1.1 million active buyers and an average order value that rose 13% to $659.