Management Guidance Tracker

REAL — The RealReal, Inc.  |  Q3 2019 – Q4 2025  |  Quantifiable Guidance Only
Guidance from earnings press releases compared against actual results. GMV ($M), Revenue ($M), and Adjusted EBITDA ($M, non-GAAP). Calendar fiscal year.

Methodology Notes

The RealReal provides forward guidance on GMV (Gross Merchandise Value, $M), Revenue ($M), and Adjusted EBITDA ($M, non-GAAP). Guidance is sourced from 8-K press releases filed with SEC EDGAR. Verdicts are dynamically computed: Exceeded = actual strictly above guidance high; Met = actual within range (inclusive); Not Met = actual below guidance low. For Adjusted EBITDA, “better” means higher (less negative or more positive). IPO June 2019. COVID-19 caused guidance withdrawal from Q1–Q3 2020. No quarterly guidance issued for Q3–Q4 2021, Q1 2022, Q1 2025. Early quarters (2019–Q1 2021) had GMV-only guidance; comprehensive 3-metric guidance began Q2 2022. Source URLs link to SEC EDGAR filings.




Overall Verdict Distribution

Verdict by Metric Category

GMV: Guidance vs Actual ($M)

Revenue: Guidance vs Actual ($M)

Adj. EBITDA: Guidance vs Actual ($M)

Year-by-Year Guidance Accuracy

Detailed Guidance vs. Actual Results

Click column headers to sort. All monetary values in USD millions.

Quarter ▾ Date Metric ▾ Guidance Low ▾ Guidance High ▾ Guidance Mid Actual ▾ Δ vs Mid Verdict ▾ Source

Quarterly Financial Actuals Reference

From 8-K press releases filed with SEC EDGAR. Adj. EBITDA is non-GAAP.

Quarter GMV ($M) Revenue ($M) Adj. EBITDA ($M) Source
Data sourced from SEC EDGAR (8-K filings), The RealReal Inc. Investor Relations press releases.
Report generated April 2026. All figures subject to rounding. Adjusted EBITDA is a non-GAAP measure.