Name | Value |
---|---|
Revenues | 147.8M |
Cost of Revenue | 37.0M |
Gross Profit | 110.7M |
Operating Expense | 88.3M |
Operating I/L | -14.6M |
Other Income/Expense | -3.3M |
Interest Income | 1.9M |
Pretax | -17.9M |
Income Tax Expense | 0.1M |
Net Income/Loss | -17.9M |
The RealReal, Inc. operates an online marketplace for consigned luxury goods in the United States. It generates revenue by facilitating the buying and selling of various luxury product categories, including women's, men's, kids', jewelry and watches, and home and art products. The company provides a platform for individuals to consign their luxury items, earning a commission on each successful sale. By connecting sellers with buyers, The RealReal, Inc. capitalizes on the growing demand for sustainable luxury shopping and the resale market, driving its business through transaction fees and commissions.