Switch theme
Sign up to access all valuation multiples
The RealReal is the largest pure-play luxury resale platform in the US, generating $1.8 billion in 2024 gross merchandise volume and addressing a niche (personal luxury resale) that had previously been serviced by inefficient upscale boutiques and local pawn shops. The company generates revenue via consignment and first-party sales on its online marketplace, and through a small volume of direct sales. With a hands-on approach that actively sources inventory and authenticates every item on its platform, The RealReal is able to justify much higher take rates than peers, working out to roughly 36% of net merchandise value in 2024, which excludes returns, cancellations, and first-party sales.
2011
3.0K+
LTM Revenue $616M
LTM EBITDA $14.5M
$949M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
The RealReal has a last 12-month revenue of $616M and a last 12-month EBITDA of $14.5M.
In the most recent fiscal year, The RealReal achieved revenue of $600M and an EBITDA of -$79.4M.
The RealReal expects next 12-month revenue of XXX and NTM EBITDA of XXX
See The RealReal valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $549M | $600M | XXX | XXX | XXX |
| Gross Profit | $349M | $376M | XXX | XXX | XXX |
| Gross Margin | 63% | 63% | XXX | XXX | XXX |
| EBITDA | -$126M | -$79.4M | XXX | XXX | XXX |
| EBITDA Margin | -23% | -13% | XXX | XXX | XXX |
| Net Profit | -$196M | -$168M | XXX | XXX | XXX |
| Net Margin | -36% | -28% | XXX | XXX | XXX |
| Net Debt | $156M | $277M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, The RealReal's stock price is $5.
The RealReal has current market cap of $575M, and EV of $949M.
See The RealReal trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $949M | $575M | XXX | XXX | XXX | XXX | $-0.33 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Sign UpAs of April 15, 2025, The RealReal has market cap of $575M and EV of $949M.
The RealReal's trades at 1.5x LTM EV/Revenue multiple, and 65.5x LTM EBITDA.
Analysts estimate The RealReal's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for The RealReal and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $949M | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | -12.0x | XXX | XXX | XXX |
| P/E | -4.3x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 1189.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpThe RealReal's NTM/LTM revenue growth is 9%
The RealReal's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, The RealReal's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate The RealReal's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for The RealReal and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -13% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -37% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -4% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 31% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 84% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Prosus | XXX | XXX | XXX | XXX | XXX | XXX |
| Just Eat Takeaway.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Marti Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Airtasker | XXX | XXX | XXX | XXX | XXX | XXX |
| Articore Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
The RealReal acquired XXX companies to date.
Last acquisition by The RealReal was XXXXXXXX, XXXXX XXXXX XXXXXX . The RealReal acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Sign Up| When was The RealReal founded? | The RealReal was founded in 2011. |
| Where is The RealReal headquartered? | The RealReal is headquartered in United States of America. |
| How many employees does The RealReal have? | As of today, The RealReal has 3.0K+ employees. |
| Who is the CEO of The RealReal? | The RealReal's CEO is Ms. Rati Sahi Levesque. |
| Is The RealReal publicy listed? | Yes, The RealReal is a public company listed on NAS. |
| What is the stock symbol of The RealReal? | The RealReal trades under REAL ticker. |
| When did The RealReal go public? | The RealReal went public in 2019. |
| Who are competitors of The RealReal? | Similar companies to The RealReal include e.g. Prosus, Just Eat Takeaway.com, Marti Technologies, Airtasker. |
| What is the current market cap of The RealReal? | The RealReal's current market cap is $575M |
| What is the current revenue of The RealReal? | The RealReal's last 12-month revenue is $616M. |
| What is the current EBITDA of The RealReal? | The RealReal's last 12-month EBITDA is $14.5M. |
| What is the current EV/Revenue multiple of The RealReal? | Current revenue multiple of The RealReal is 1.5x. |
| What is the current EV/EBITDA multiple of The RealReal? | Current EBITDA multiple of The RealReal is 65.5x. |
| What is the current revenue growth of The RealReal? | The RealReal revenue growth between 2023 and 2024 was 9%. |
| Is The RealReal profitable? | Yes, The RealReal is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
