Markets
In this photo illustration, The RealReal Inc. logo is seen...
(Pavlo Gonchar/Getty Images)

Luxury reseller The RealReal posted record revenue in Q4 — but the stock fell anyway

Shares of The RealReal fell in after-hours trading even as the luxury secondhand retailer reported record fourth-quarter revenue.

Nia Warfield
2/20/25 5:21PM

Shares of The RealReal dropped as much as 10% in after-hours trading before paring some losses, despite the luxury secondhand retailer reporting record fourth-quarter revenue. The RealReal is the world’s largest online marketplace for resale luxury goods, with more than 37 million customers globally.

Adjusted losses per share came in at $0.01 for the quarter, beating Wall Street’s estimates of down $0.04. Meanwhile, revenue jumped 14% to $164 million, marking an all-time high for the company. Gross merchandise value, a key metric for the company, was also up 12% to $504 million.

But shares sank as its full-year forecasts for revenues and adjusted EBITDA were below what analysts had penciled in. Even with its first-ever year of positive free cash flow, the less-than-stellar outlook was enough to spook investors.

The company’s net loss also more than tripled to $68 million, up from $22 million in the same quarter last year, largely due to a $59 million warrant liability adjustment.

CEO Rati Levesque says the company is now focused on unlocking supply, improving efficiency, and leveraging AI to enhance the consignor experience. The company also said its recent debt restructuring should provide more financial flexibility as it works toward consistent profitability. Despite today’s dip, shares of The RealReal are still up nearly 350% over the past year. 

More Markets

See all Markets
markets

Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

Oracle Wall Street Revisions

Analysts revise up anything and everything they thought about Oracle

After the company’s bombshell earnings this week, Wall Street thinks Oracle’s trajectory has changed.

markets

Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks. 

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

markets

Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’sbig, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.