The RealReal, Inc.

REALNASDAQConsumer Cyclical● Active

$9.24

+$0.37(+4.16%)

Market Cap$2.7B

P/E Ratio—

52W High$17.392

52W Low$4.7

Avg Volume3.4M

Open$8.95

Beta2.71

Overview

The RealReal, Inc. (REAL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

REAL · free cash flow · updated Jun 8, 2026

Core FCF metrics

REAL · FCF · TTM · margin & CAGR

Free cash flow was $18.4M for FY2025 (fiscal year ending 2025-12-31), up 508.1% year-over-year The FCF margin was 2.6%.

FY2025 Free Cash Flow$18.4M▲ +508.1% YoY

Trailing 12M (TTM)$12.6Mtrailing 4 quarters sum

FCF Margin2.6%$18.4M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

REAL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$37.0M(19M)$18.4M▲ +508.1%2.6%

FY2024$21.5M(26M)−$4.5M▲ +95.0%-0.8%

FY2023−$61.3M(29M)−$90.4M▲ +21.0%-16.5%

FY2022−$91.6M(23M)−$114.4M▲ +39.6%-19.0%

FY2021−$142.2M(47M)−$189.6M▼ 17.5%-40.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

REAL · P/FCF · FCF yield · FCF per share

The RealReal, Inc. (REAL) trades at a FCF yield of 0.47% and a price-to-free-cash-flow ratio of 231.0x. FCF per share stands at $0.04, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.47%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.04

TTM FCF ÷ Shares Outstanding

Price / FCF

x231.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x240.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

REAL · cash flow statement · operating / investing / financing

For FY2025, The RealReal, Inc. generated $37.0M in operating cash flow and spent 19M in capital expenditures, yielding $18.4M in free cash flow.

Operating Activities

+$37.0M

Cash from core business operations

2025-12-31

Investing Activities

−$29.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$28.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($37.0M) − |CapEx| (19M) = FCF ($18.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

REAL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

The RealReal, Inc.YOU

REAL

$18.4M+508.1%2.7%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

The RealReal, Inc. (REAL) reported free cash flow of $18.4M for FY2025 (fiscal year ending 2025-12-31), up 508.1% year-over-year. The FCF margin was 2.6%.

Based on available data, The RealReal, Inc. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $18.4M in FY2025.

The RealReal, Inc.'s FCF yield is 0.47% and price-to-FCF ratio is 231.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

REAL free cash flow · 8 questions

The RealReal, Inc. free cash flow was $18.4M for FY2025, up 508.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $12.6M.

REAL free cash flowREAL FCFREAL FCF 2025REAL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · The RealReal, Inc. · The RealReal, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026