TheRealReal, Inc.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
REAL$14.65+13.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Balance Sheets as of and
Condensed Balance Sheets
(In thousands, except share and per share data)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $108,422 | $172,212 |
| Accounts receivable, net | 24,342 | 13,961 |
| Inventory, net | 29,698 | 23,583 |
| Prepaid expenses and other current assets | 19,961 | 22,913 |
| Total current assets | 182,423 | 232,669 |
| Property and equipment, net | 94,709 | 94,443 |
| Operating lease right-of-use assets | 68,465 | 75,714 |
| Restricted cash | 14,859 | 14,911 |
| Other assets | 5,756 | 5,358 |
| Total assets | $366,212 | $423,095 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities | ||
| Accounts payable | $11,121 | $11,004 |
| Accrued consignor payable | 86,803 | 89,718 |
| Operating lease liabilities, current portion | 24,077 | 22,835 |
| Convertible Senior Notes, net, current portion | — | 26,653 |
| Other accrued and current liabilities | 104,087 | 98,466 |
| Total current liabilities | 226,088 | 248,676 |
| Operating lease liabilities, net of current portion | 72,887 | 85,790 |
| Convertible Senior Notes, net | 230,463 | 276,807 |
| Non-convertible notes, net | 140,807 | 134,470 |
| Warrant liability | 75,472 | 78,584 |
| Other noncurrent liabilities | 5,547 | 6,144 |
| Total liabilities | 751,264 | 830,471 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ deficit: | ||
| Common stock, $0.00001 par value; 500,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 116,674,739 and 111,242,479 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 1 | 1 |
| Additional paid-in capital | 871,791 | 846,450 |
| Accumulated deficit | (1,256,844) | (1,253,827) |
| Total stockholders’ deficit | (385,052) | (407,376) |
| Total liabilities and stockholders’ deficit | $366,212 | $423,095 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.