REAL (The RealReal) Total Operating Expense: $551.6 Mil (TTM As of Mar. 2026)


REAL The RealReal Inc REAL
58 GF Score
Price $11.91
GF Value $4.91
Valuation Significantly Overvalued
! 5 Warning Signs
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What is The RealReal Total Operating Expense?

The RealReal REAL -2.54% 58 Total Operating Expense is $551.6 Mil as of Mar. 2026. GuruFocus rates REAL with a GF Score™ of 58/100 and a GF Value™ of $4.91 (Significantly Overvalued). The stock has 5 warning signs investors should review.

The RealReal's Total Operating Expense for the three months ended in Mar. 2026 was $143.6 Mil. The RealReal's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $551.6 Mil.

The RealReal Total Operating Expense Related Terms

The RealReal Total Operating Expense Historical Data

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The historical data trend for The RealReal's Total Operating Expense 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 Total Operating Expense Chart

The RealReal Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only 472.68 536.96 499.11 503.82 540.76

The RealReal Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 132.79 132.56 136.47 138.93 143.61
REAL
58GF Score
The RealReal Inc REAL
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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The RealReal Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense 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 $551.6 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.

What does a Total Operating Expense of $551.6 Mil mean?
The RealReal (REAL) has a Total Operating Expense of $551.6 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on The RealReal and its competitors.
Is The RealReal's Total Operating Expense too high?
The RealReal's current Total Operating Expense is $551.6 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 Total Operating Expense compare to MOV and ELA?
The RealReal's Total Operating Expense of $551.6 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 Total Operating Expense for a Retail - Cyclical company?
A good Total Operating Expense depends on the Retail - Cyclical industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on The RealReal and its competitors. The RealReal's current Total Operating Expense is $551.6 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 (REAL) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.91, compared to a current price of $11.91 — trading 142.6% above its estimated fair value. The current Total Operating Expense is $551.6 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For The RealReal (REAL), the current Total Operating Expense is $551.6 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 (REAL) Overvalued in 2026?

Based on GuruFocus' analysis, The RealReal stock appears to be overvalued. The current stock price of $11.91 is trading 142.6% above its estimated GF Value™ of $4.91. GuruFocus considers The RealReal to be Significantly Overvalued.

Key valuation signals for REAL:

  • Total Operating Expense: $551.6 Mil
  • GF Value™: $4.91 vs. price of $11.91 (142.6% above fair value)
  • GF Score™: 58/100 with 5 warning signs

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

The RealReal Business Description

Other Exchanges 6RR: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

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

$11.91
Price
$4.91
GF Value