TheRealReal CFO sells $706,012 in stock

Published 24/02/2025, 22:39
Updated 24/02/2025, 22:40
TheRealReal CFO sells $706,012 in stock

SAN FRANCISCO—TheRealReal, Inc. (NASDAQ:REAL), a luxury consignment company with impressive gross profit margins of 74.5% and annual revenue growth of 9.3%, saw its Chief Financial Officer Madan Gopal Ajay recently sell 102,386 shares of the company’s common stock. The shares were sold at an average price of $6.8956 per share, resulting in a total transaction value of approximately $706,012.

Following this sale, Ajay retains ownership of 1,327,198 shares in the company. The stock sale was conducted to automatically satisfy withholding taxes related to the vesting of an equity award, as noted in the company’s filing.

In other recent news, The RealReal, Inc. reported fourth-quarter earnings that surpassed analyst expectations. The company posted an adjusted earnings per share of -$0.01, beating the anticipated -$0.04. Revenue for the quarter reached $164 million, exceeding the consensus forecast of $162.46 million and reflecting a 14% year-over-year increase. However, the company’s guidance for the upcoming quarter and full year fell short of expectations, with projected Q1 2025 revenue between $157 million and $161 million, below the $160.6 million analyst consensus. Full-year 2025 revenue guidance was set at $645-660 million, which also disappointed compared to the $656 million consensus estimate.

The RealReal reported a Q4 gross merchandise value of $504 million, marking a 12% increase from the previous year. Adjusted EBITDA improved significantly to $11 million, or 6.7% of revenue, up from $1 million, or 1% of revenue, in Q4 2023. For the full year 2024, the company generated $600 million in revenue, a 9% increase from 2023, and achieved positive free cash flow of $1 million, representing a $104 million improvement from the previous year. Despite these positive results, the weaker guidance led to a decline in the company’s shares during extended trading.

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