The RealReal (FRA:6RR) EBIT: €-30.4 Mil (TTM As of Mar. 2026)


FRA:6RR The RealReal Inc FRA:6RR
58 GF Score
Price €11.08
GF Value €4.38
Valuation Significantly Overvalued
! 5 Warning Signs
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What is The RealReal EBIT?

The RealReal FRA:6RR +4.04% 58 EBIT is €-30.4 Mil as of Mar. 2026. GuruFocus rates FRA:6RR with a GF Score™ of 58/100 and a GF Value™ of €4.38 (Significantly Overvalued). The stock has 5 warning signs investors should review.

The RealReal's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €40.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-30.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The RealReal's annualized ROC % for the quarter that ended in Mar. 2026 was -3.19%. The RealReal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 115.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The RealReal's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.88%.

The RealReal  (FRA:6RR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

The RealReal's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-7.868 * ( 1 - 0.28% )/( (248.31 + 243.755)/ 2 )
=-7.8459696/246.0325
=-3.19 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=349.314 - 132.388 - ( 129.151 - max(0, 225.661 - 194.277+129.151))
=248.31

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=333.814 - 123.05 - ( 107.218 - max(0, 208.551 - 175.56+107.218))
=243.755

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

The RealReal's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=160.076/( ( (137.314 + max(-139.488, 0)) + (140.171 + max(-120.819, 0)) )/ 2 )
=160.076/( ( 137.314 + 140.171 )/ 2 )
=160.076/138.7425
=115.38 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20.344 + 26.34 + 18.442) - (132.388 + 2.654 + 69.572)
=-139.488

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(21.525 + 29.345 + 17.472) - (123.05 + 3.26 + 62.851)
=-120.819

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

The RealReal's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-30.44/1619.081
=-1.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The RealReal EBIT Related Terms

The RealReal EBIT Historical Data

* Premium members only.

The historical data trend for The RealReal's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The RealReal EBIT Chart

The RealReal Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only -189.85 -175.40 -144.42 -107.48 -11.73

The RealReal Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.65 -3.68 -40.00 -26.79 40.02

FRA:6RR vs MOV, ELA, CPRI: EBIT Comparison

For the Luxury Goods subindustry, The RealReal's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The RealReal EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The RealReal's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where The RealReal's EV-to-EBIT falls into.


FRA:6RR
58GF Score
The RealReal Inc FRA:6RR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The RealReal EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-30.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €-30.4 Mil mean?
The RealReal (FRA:6RR) has a EBIT of €-30.4 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on The RealReal.
Is The RealReal's EBIT too high?
The RealReal's current EBIT is €-30.4 Mil. Overall, The RealReal has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The RealReal's EBIT compare to MOV and ELA?
The RealReal's EBIT of €-30.4 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on The RealReal. The RealReal's current EBIT is €-30.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The RealReal stock overvalued right now?
Based on GuruFocus' analysis, The RealReal (FRA:6RR) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.38, compared to a current price of €11.08 — trading 153% above its estimated fair value. The current EBIT is €-30.4 Mil. The RealReal's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For The RealReal (FRA:6RR), the current EBIT is €-30.4 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The RealReal (FRA:6RR) Overvalued in 2026?

Based on GuruFocus' analysis, The RealReal stock appears to be overvalued. The current stock price of €11.08 is trading 153% above its estimated GF Value™ of €4.38. GuruFocus considers The RealReal to be Significantly Overvalued.

Key valuation signals for FRA:6RR:

  • EBIT: €-30.4 Mil
  • GF Value™: €4.38 vs. price of €11.08 (153% above fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the FRA:6RR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

The RealReal Business Description

Other Exchanges REAL:USA6RR:Germany
Address 55 Francisco Street, Suite 150, San Francisco, CA, USA, 94133
The RealReal Inc is an online marketplace for authenticated, resale luxury goods, providing an end-to-end service that unlocks supply and creates a trusted, curated marketplace for buyers globally. Since its inception, the company has cultivated a loyal and engaged consignor and buyer base through continuous investment in its technology platform, logistics infrastructure, brand and people. It offers a wide selection of authenticated, mainly pre-owned luxury goods bearing the brands of thousands of luxury and premium designers, including Cartier, Chanel, Christian Dior, Gucci, Hermes, Louis Vuitton and Rolex. The company offers products across women's fashion, men's fashion, jewelry, and watches, promoting the recirculation of luxury goods and contributing to a more sustainable world.
58GF Score

Get the complete analysis for FRA:6RR

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.08
Price
€4.38
GF Value