The RealReal swings to Q3 net profit of $16.01 million; revenue rises 19% to $206.12 million
REAL•The RealReal reported third-quarter 2026 net income of $16.01 million, including a $21.2 million noncash warrant-liability adjustment, as revenue rose 19% to $206.12 million. The company raised its full-year revenue outlook to $806 million to $810 million.
1. Quarterly results
The RealReal reported third-quarter 2026 net income of $16.01 million, compared with a loss a year earlier. Net income included a $21.2 million noncash adjustment for the change in fair value of warrant liability. Revenue increased 19% year over year to $206.12 million, and gross merchandise value rose 23% to $641.5 million.
2. Outlook and refinancing
Management raised its full-year 2026 revenue outlook to $806 million to $810 million. CEO Rati Levesque said a refinancing completed in October extended the debt maturity profile.
