For the quarter ending 2025-09-30, REAL had $14,077K increase in cash & cash equivalents over the period. $16,893K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -54,051 | 51,034 |
| Depreciation and amortization | 8,209 | 16,631 |
| Stock-based compensation expense | 6,605 | 15,567 |
| Reduction of operating lease right-of-use assets | 4,014 | 7,943 |
| Bad debt expense | 831 | 1,214 |
| Non-cash interest expense | 1,483 | - |
| Issuance costs allocated to liability classified warrants | 0 | 0 |
| Accretion of debt discounts and issuance costs | 603 | 1,060 |
| Provision for inventory write-downs and shrinkage | 743 | 1,485 |
| Gain on debt extinguishment | 3,684 | 37,101 |
| Change in fair value of warrant liability | 43,928 | -47,040 |
| Non-cash interest expense | - | 5,483 |
| Loss (gain) related to warehouse fire, net | 9 | 353 |
| Other adjustments | -7 | 36 |
| Accounts receivable, net | 2,406 | 10,020 |
| Inventory, net | 1,665 | 6,678 |
| Prepaid expenses and other current assets | 5,516 | -6,595 |
| Other assets | -2 | 501 |
| Operating lease liability | -5,493 | -10,876 |
| Accounts payable | -1,694 | 2,357 |
| Accrued consignor payable | 10,794 | -13,709 |
| Other accrued and current liabilities | 21,944 | -14,743 |
| Other noncurrent liabilities | 168 | -152 |
| Net cash used in operating activities | 19,330 | -31,840 |
| Insurance proceeds related to warehouse fire | 0 | 2,309 |
| Capitalized proprietary software development costs | 3,175 | 6,483 |
| Purchases of property and equipment | 2,437 | 12,518 |
| Net cash used in investing activities | -5,612 | -16,692 |
| Proceeds from exercise of stock options | 196 | 114 |
| Cash received from settlement of capped calls in conjunction with the note exchanges | - | 1,499 |
| Taxes paid related to restricted stock vesting | 37 | 83 |
| Proceeds from issuance of stock in connection with the employee stock purchase program | 0 | 838 |
| Repayment of 2025 notes | 0 | 26,749 |
| Cash received from settlement of capped calls in conjunction with the note exchanges | 1,907 | - |
| Issuance costs paid related to the note exchanges | 208 | 5,006 |
| Net cash used in financing activities | 359 | -29,387 |
| Net decrease in cash, cash equivalents and restricted cash | 14,077 | -77,919 |
| Cash and cash equivalents at beginning of period | 187,123 | - |
| Cash and cash equivalents at end of period | 123,281 | - |
TheRealReal, Inc. (REAL)
TheRealReal, Inc. (REAL)