Therealreal Inc (REAL)

NASD · Consumer Cyclical · Luxury Goods · USA

Therealreal Inc is a small cap company (market value between $300 million and $2 billion) in the Luxury Goods industry.

Therealreal Inc is an online marketplace for authenticated pre-owned luxury goods across women's and men's fashion, jewelry and watches. The company serves consignors who sell items through its platform and buyers who purchase authenticated luxury goods, operating through its website, mobile app and physical retail stores.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Therealreal Inc stock.

Our verdict on REAL

Overvalued: intrinsic value $5.66 per share, market price $10.96, margin of safety -93.7% (as of 2026-10-20).

A 0.9x revenue multiple, discounted for its losses, values the shares at $5.66; the price of $10.96 is 94% above that value.

Leak Score: 34/100 on 9 of 12 signals (On Watch).

ETFs with the most weight in REAL

17 more funds hold it; the full list is part of the paid plan.

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Is REAL undervalued or overvalued?

REAL is overvalued (as of the 2026-10-20 close). A 0.9x revenue multiple, discounted for its losses, values the shares at $5.66; the price of $10.96 is 94% above that value.

What is the intrinsic value of REAL?

$5.66 per share (as of the 2026-10-20 close), against a market price of $10.96. That is a margin of safety of -93.7%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Therealreal Inc's Leak Score?

34 out of 100, which we rate "On Watch", on 9 of 12 value investing signals.