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SAN FRANCISCO - Luxury resale marketplace The RealReal (NASDAQ:REAL) has paid the remaining $26.75 million in principal amount of its 3% Convertible Senior Notes due 2025, according to a company statement released Friday.
The payment, completed on June 13, brings The RealReal’s total debt reduction to $63 million year-to-date and $81 million over the past 16 months.
"The paydown of our remaining 2025 Notes represents another milestone on our path to reducing leverage and strengthening our balance sheet," said Ajay Gopal, The RealReal’s Chief Financial Officer.
The company noted that its capital-light business model and working capital dynamics position it to generate cash efficiently as it grows.
The RealReal operates an online marketplace for authenticated, resale luxury goods with more than 38 million members. The platform features items across multiple categories including fashion, jewelry, watches, art, and home goods. Despite recent market volatility, with the stock showing a 54% return over the past year, investors can access detailed valuation metrics and growth prospects through the comprehensive Pro Research Report available on InvestingPro.
The company employs in-house experts including gemologists, horologists, and brand authenticators who inspect thousands of items daily to verify authenticity.
For consignors, The RealReal offers services including virtual appointments, in-home pickup, drop-off, direct shipping, authentication, pricing, photography, listing, and customer service.
The information in this article is based on a press release statement from The RealReal.
In other recent news, TheRealReal Inc. reported its first-quarter earnings for 2025, surpassing expectations with an earnings per share (EPS) of -$0.08 against the anticipated -$0.09. The company also slightly exceeded revenue forecasts, posting $160 million compared to the expected $159.83 million, marking an 11% year-over-year increase. Despite these positive results, the stock experienced a decline in aftermarket trading, reflecting investor concerns about future profitability. TheRealReal also launched several AI-driven initiatives to enhance operations, contributing to a 9% year-over-year increase in gross merchandise value (GMV) to $490 million. Analyst firms have not issued any recent upgrades or downgrades for the company. The company reported a gross margin of 75%, showing a 40 basis point improvement, and adjusted EBITDA of $4.1 million, indicating progress toward profitability. Active buyers increased by 7% to 985,000, and the company continues to project full-year 2025 revenue between $645 million and $660 million. TheRealReal aims for consistent quarterly performance with a seasonal uplift expected in the fourth quarter.
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