Risk factors
TheRealReal (REAL) risk factors
Item 1A of every TheRealReal, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors54 risks3 dropped7 reworded
Net losses narrowed to $41.8 million in 2025, leaving an accumulated deficit of $1.295 billion. Debt balances shifted across 2028, 2029, and 2031 notes, adding repayment burdens. AI governance and global trade tariffs were introduced as distinct operational risks.
Filed Feb 26, 2026 - FY2024 10-K risk factors57 risks
TheRealReal faces ongoing profitability challenges with accumulated deficits exceeding $1.2 billion and historical net losses.
Filed Feb 21, 2025