The US e-commerce company The RealReal Inc. closed the third quarter of the 2025 financial year with strong results. The resale platform specializing in luxury goods reported accelerated growth and a significant increase in margins.
The online marketplace’s gross merchandise value (GMV) increased by 20 percent year-on-year to $520 million (€478 million). This led to a 17 percent increase in total revenue to $174 million (160 million euros).
The RealReal also achieved a significant improvement in profitability. The margin of adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was 5.4 percent. This represents an increase of 380 basis points compared to the same period last year.
CEO Rati Levesque underlined the positive development: “We completed another quarter of accelerated growth and higher margins. GMV increased by 20 percent and adjusted EBITDA was above expectations,” she said in a statement. In view of the momentum, the company raised its forecasts for the full year.
Levesque also explained the current plans: “In the future, we see the opportunity to further strengthen the trust of our sellers and improve the buying experience. We want to achieve this through closer relationships with consignors, improved tools and data analysis, as well as the AI initiatives that are already underway.” The company’s goal is to “shape the development of luxury resale and promote sustainable, profitable growth.”
Management raised its forecast for the full year. It now expects GMV between $2.099 billion and $2.109 billion (€1.93 billion and €1.94 billion). Sales are expected to reach between $687 and $690 million. The target for EBITDA adjusted for special items is between $37.7 and $38.7 million.
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