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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 148M | 1.9% |
| Gross Profit | 111M | 3% |
| Cost of Revenue | 37M | 1.1% |
| Operating expense | 125M | 0.8% |
| Net Income | -18M | 7.4% |
| EBITDA | -6.5M | 39.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 406M | 0.3% |
| Total Liabilities | 752M | 1.2% |
| Shares Outstanding | 110M | 1.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 9.1M | 234.3% |
| Cash from investing | -6.5M | 30.6% |
| Cash from financing | -160,000 | 95.4% |
EPS
Financial Highlights for The RealReal in Q3 '24
The RealReal reported a revenue of 148M, which is a 1.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 111M, marking a 3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 37M, a -1.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 125M, showing a -0.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -18M, showing a -7.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -6.5M, showing a 39.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
The RealReal faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.
