RealReal

The RealReal reported all-time quarterly GMV of $617 million, up 22%, and revenue of $193 million, up 17%, prompting management to raise full-year GMV and revenue guidance. Adjusted EBITDA margin improved and active buyers and AOV rose, but GAAP net loss widened to $27 million largely due to an $18.6 million non-cash warrant liability adjustment while non-GAAP loss narrowed to $0.01 per share. Management did not reconcile forward-looking Adjusted EBITDA to GAAP, and the stock shows rising institutional ownership alongside 15.29% short interest and a forward P/E near 41. » More on finance.yahoo.com

The RealReal reported an adjusted loss of $0.01 per share for Q2 on revenue of $192.6m (+17%), beating consensus expectations. Gross merchandise volume rose to a record $617m (+22%) and adjusted EBITDA climbed to $13.5m (7% of revenue). Management raised full-year targets for GMV, revenue and adjusted EBITDA, attributing the growth to AI tools, automation and stronger demand for higher-priced items. The stock jumped in after-hours trading as the company continues to invest in technology, stores and marketing while seeking to further improve profitability. » More on de.investing.com

Kanen Wealth Management disclosed it sold 466,403 shares of The RealReal during Q1, an estimated $5.90 million based on the quarter’s average price. After the sales The RealReal represented 4.55% of Kanen’s reportable AUM and the quarter‑end value of the position fell by $16.7 million due to trading and price moves. The RealReal shares have risen 71.9% over the past year but are down about 40% year‑to‑date; the company recently reported revenue growth and beat earnings expectations. » More on finance.yahoo.com