TheRealReal, Inc. (REAL) FY2026 YTD Q2 Statement of Cash Flows
2026-01-01 to 2026-06-30
Statement of Cash Flows
2026-01-01 to 2026-06-30
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Chart details
TheRealReal, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026
Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 166,039,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- negative 15,008,000 US dollars. Net cash used.
- Net income
- 11,703,000 US dollars
- Depreciation and amortization
- 15,917,000 US dollars
- Stock-based compensation expense
- 13,848,000 US dollars
- Reduction of operating lease right-of-use assets
- 8,562,000 US dollars
- Bad debt expense
- 1,342,000 US dollars
- Non-cash interest expense
- 3,227,000 US dollars
- Accretion of debt discounts and issuance costs
- 940,000 US dollars
- Provision for inventory write-downs and shrinkage
- 1,810,000 US dollars
- Gain on debt extinguishment
- 0 US dollars
- Change in fair value of warrant liability
- negative 28,752,000 US dollars
- Gain related to warehouse fire, net
- 0 US dollars
- Other adjustments
- 78,000 US dollars
- Accounts receivable, net
- 2,407,000 US dollars
- Inventory, net
- negative 6,398,000 US dollars
- Prepaid expenses and other current assets
- 2,913,000 US dollars
- Other assets
- negative 479,000 US dollars
- Operating lease liability
- negative 11,100,000 US dollars
- Accounts payable
- negative 266,000 US dollars
- Accrued consignor payable
- negative 16,435,000 US dollars
- Other accrued and current liabilities
- negative 14,538,000 US dollars
- Other noncurrent liabilities
- 213,000 US dollars
- Investing activities
- negative 18,339,000 US dollars. Net cash used.
- Insurance proceeds related to warehouse fire
- 0 US dollars
- Capitalized proprietary software development costs
- negative 6,837,000 US dollars
- Purchases of property and equipment
- negative 11,502,000 US dollars
- Financing activities
- 1,217,000 US dollars. Net cash provided.
- Proceeds from exercise of stock options
- 308,000 US dollars
- Cash received from settlement of Capped Calls in conjunction with the February 2025 Note Exchange
- 0 US dollars
- Taxes paid related to restricted stock vesting
- negative 109,000 US dollars
- Issuance costs paid related to the February 2025 Note Exchange
- 0 US dollars
- Proceeds from issuance of stock in connection with the Employee Stock Purchase Program
- 1,018,000 US dollars
- Repayment of 2025 Notes
- 0 US dollars
- Operating adjustment reconciliation
- 77,968,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 1,326,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 18,339,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 0 US dollars
- Ending cash on Jun 30, 2026
- 133,909,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 167,256,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 32,130,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- −1.28×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- negative 15,008,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 11,502,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 26,510,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 15,008,000 US dollars minus 11,502,000 US dollars equals negative 26,510,000 US dollars.
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