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In this photo illustration, The RealReal Inc. logo is seen...
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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

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. 

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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