RealReal (REAL)
Market Price (4/10/2026): $9.69 | Market Cap: $1.1 BilSector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods
RealReal (REAL)
Market Price (4/10/2026): $9.69Market Cap: $1.1 BilSector: Consumer DiscretionaryIndustry: Apparel, Accessories & Luxury Goods
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Online Marketplaces, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -24 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.5% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 31x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.6% Key risksREAL key risks include [1] failures in its core authentication process that undermine brand trust and [2] persistent unprofitability driven by a high-cost business model. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Online Marketplaces, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -24 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.5% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 31x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.6% |
| Key risksREAL key risks include [1] failures in its core authentication process that undermine brand trust and [2] persistent unprofitability driven by a high-cost business model. |
Qualitative Assessment
AI Analysis | Feedback
1. Weaker-than-expected 2026 financial outlook despite strong 2025 performance.
Despite reporting robust fourth-quarter 2025 results, including a 22% year-over-year (YoY) increase in gross merchandise value (GMV) to $616 million and full-year 2025 Adjusted EBITDA of $42 million, The RealReal provided a more cautious outlook for 2026. The company projected full-year 2026 revenue growth between 10% and 13% and Adjusted EBITDA in the range of $57 million to $65 million. Notably, analyst projections for 2026 indicated a potential dip to a net loss of approximately $27.9 million (EPS -$0.18) for the year, following an anticipated positive net income in 2025, which likely signaled a slower path to sustained GAAP profitability than investors desired.
2. Broader macroeconomic headwinds impacting discretionary luxury spending.
Global markets in 2026 are characterized by persistent economic uncertainties, including inflation, new tariffs, and ongoing geopolitical tensions. These factors are contributing to more cautious discretionary spending among consumers for high-end fashion and luxury goods. While the luxury resale market itself is projected to continue growing from $37.95 billion in 2025 to $41.61 billion in 2026, this broader environment of restrained growth and consumer discernment creates a less favorable backdrop for companies in the luxury sector, potentially limiting upside for growth-oriented stocks like RealReal.
Show more
Stock Movement Drivers
Fundamental Drivers
The -38.6% change in REAL stock from 12/31/2025 to 4/9/2026 was primarily driven by a -40.1% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.78 | 9.69 | -38.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 663 | 693 | 4.5% |
| P/S Multiple | 2.8 | 1.7 | -40.1% |
| Shares Outstanding (Mil) | 116 | 118 | -1.9% |
| Cumulative Contribution | -38.6% |
Market Drivers
12/31/2025 to 4/9/2026| Return | Correlation | |
|---|---|---|
| REAL | -38.6% | |
| Market (SPY) | -5.4% | 58.4% |
| Sector (XLY) | -5.6% | 60.7% |
Fundamental Drivers
The -8.8% change in REAL stock from 9/30/2025 to 4/9/2026 was primarily driven by a -13.2% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.63 | 9.69 | -8.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 637 | 693 | 8.8% |
| P/S Multiple | 1.9 | 1.7 | -13.2% |
| Shares Outstanding (Mil) | 114 | 118 | -3.4% |
| Cumulative Contribution | -8.8% |
Market Drivers
9/30/2025 to 4/9/2026| Return | Correlation | |
|---|---|---|
| REAL | -8.8% | |
| Market (SPY) | -2.9% | 42.5% |
| Sector (XLY) | -5.7% | 44.6% |
Fundamental Drivers
The 79.8% change in REAL stock from 3/31/2025 to 4/9/2026 was primarily driven by a 66.7% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.39 | 9.69 | 79.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 600 | 693 | 15.4% |
| P/S Multiple | 1.0 | 1.7 | 66.7% |
| Shares Outstanding (Mil) | 110 | 118 | -6.5% |
| Cumulative Contribution | 79.8% |
Market Drivers
3/31/2025 to 4/9/2026| Return | Correlation | |
|---|---|---|
| REAL | 79.8% | |
| Market (SPY) | 16.3% | 39.2% |
| Sector (XLY) | 14.9% | 41.9% |
Fundamental Drivers
The 669.0% change in REAL stock from 3/31/2023 to 4/9/2026 was primarily driven by a 702.6% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4092026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.26 | 9.69 | 669.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 603 | 693 | 14.8% |
| P/S Multiple | 0.2 | 1.7 | 702.6% |
| Shares Outstanding (Mil) | 99 | 118 | -16.5% |
| Cumulative Contribution | 669.0% |
Market Drivers
3/31/2023 to 4/9/2026| Return | Correlation | |
|---|---|---|
| REAL | 669.0% | |
| Market (SPY) | 63.3% | 36.2% |
| Sector (XLY) | 54.2% | 37.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| REAL Return | -41% | -89% | 61% | 444% | 44% | -36% | -48% |
| Peers Return | 7% | -63% | 7% | 19% | 84% | -18% | -24% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 81% |
Monthly Win Rates [3] | |||||||
| REAL Win Rate | 50% | 8% | 42% | 50% | 58% | 25% | |
| Peers Win Rate | 50% | 28% | 50% | 43% | 60% | 35% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| REAL Max Drawdown | -48% | -91% | -18% | -21% | -56% | -49% | |
| Peers Max Drawdown | -24% | -71% | -24% | -36% | -24% | -30% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EBAY, ETSY, TDUP, RVLV, SFIX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/9/2026 (YTD)
How Low Can It Go
| Event | REAL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -96.4% | -25.4% |
| % Gain to Breakeven | 2689.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -71.0% | -33.9% |
| % Gain to Breakeven | 245.2% | 51.3% |
| Time to Breakeven | 269 days | 148 days |
Compare to EBAY, ETSY, TDUP, RVLV, SFIX
In The Past
RealReal's stock fell -96.4% during the 2022 Inflation Shock from a high on 2/17/2021. A -96.4% loss requires a 2689.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About RealReal (REAL)
AI Analysis | Feedback
Here are 1-3 brief analogies for RealReal:
eBay for authenticated luxury goods.
Poshmark for designer luxury.
AI Analysis | Feedback
The RealReal (REAL) provides the following major services and product categories:
- Online Luxury Consignment Marketplace: Provides a platform for buying and selling authenticated, pre-owned luxury goods.
- Luxury Apparel: Offers a wide selection of women's, men's, and kids' designer clothing, shoes, and accessories.
- Luxury Jewelry and Watches: Features a curated collection of high-end jewelry and authenticated luxury timepieces.
- Luxury Home and Art: Includes a diverse range of designer home decor, furniture, and fine art.
AI Analysis | Feedback
The RealReal, Inc. primarily sells to individual consumers through its online marketplace. The company serves various categories of customers:1. Value-Oriented Luxury Buyers: This category includes consumers who desire luxury brands and products but are looking for more accessible price points than buying new at retail. They are often savvy shoppers seeking discounts, deals, or items that have retained their value well.
2. Sustainability-Focused Consumers: As a prominent player in the circular economy, The RealReal attracts buyers who are conscious about their environmental impact. These customers prefer to purchase pre-owned items to reduce waste, extend the lifecycle of luxury goods, and promote sustainable consumption practices.
3. Fashion Enthusiasts and Collectors: This group comprises individuals actively seeking unique, vintage, rare, or hard-to-find luxury pieces that may no longer be available through traditional retail channels. They use The RealReal to discover distinctive items that enhance their personal style or add to their collections of designer apparel, accessories, jewelry, or art.
AI Analysis | Feedback
nullAI Analysis | Feedback
John Koryl Chief Executive OfficerJohn Koryl became the Chief Executive Officer of The RealReal in February 2023. He has a robust background in e-commerce and digital strategy, having held significant leadership roles at other companies. Prior to joining The RealReal, Koryl served as President of Digital at Canadian Tire Corporation, where he was responsible for transforming their digital experiences. He also modernized Neiman Marcus' omnichannel experience as President of Stores and Online and President of Neiman Marcus Direct. Koryl has also served on the Board of Directors for Guitar Center and Petco.
Ajay Gopal Chief Financial OfficerAjay Gopal has served as the Chief Financial Officer of The RealReal since March 2024. Before joining The RealReal, Gopal was the Chief Financial Officer at Outside Interactive, Inc., where he led the finance organization. He has extensive experience in finance leadership, having also served as CFO for Good Eggs, Helix, and StubHub. His career also includes senior leadership positions at eBay and GE Healthcare.
Rati Sahi Levesque President and Chief Operating OfficerRati Sahi Levesque is the President and Chief Operating Officer of The RealReal. She is a co-founder of the company, joining founder Julie Wainwright in 2011 as the company's first employee. Levesque is responsible for overseeing all of the company's revenue channels, operations, authentication center, retail footprints, and its merchandising, editorial, and creative vision. Prior to co-founding The RealReal, she owned and operated Anica Boutique, a fashion-forward store in San Francisco that also had a significant online presence with e-commerce sales comprising 50% of its business. She combined her experience in consignment and e-commerce when she joined The RealReal.
Todd Suko Chief Legal Officer and SecretaryTodd Suko has served as The RealReal's Chief Legal Officer and Secretary since May 2020, and as Interim Chief People Officer since August 2025. Before joining The RealReal, Suko was the Chief Financial and Legal Officer at OneMarket Limited. He also spent nearly a decade at Harman International Industries, Inc. as Executive Vice President and General Counsel, overseeing all legal affairs. Earlier in his career, he served as Vice President, General Counsel and Secretary at UAP Holding Corp., where he also oversaw environmental health and safety and transportation functions.
Luke Friang Technology and Product OfficerLuke Friang has served as The RealReal's Technology and Product Officer since January 2023. He previously served as the Head of Tech & Digital at Lovevery. Friang was also an original member of Zulily's executive team, where he held the position of Chief Technology and Product Officer. During his tenure at Zulily, he played a key role in helping the company achieve $1 billion in annualized revenue in less than five years and led the technology organization through a period of massive scale, including a successful IPO and subsequent acquisition by Qurate Retail Group.
AI Analysis | Feedback
The RealReal, Inc. (REAL), an online marketplace for consigned luxury goods, faces several key business risks.Key Risks for The RealReal (REAL):
- History of Losses and Path to Profitability: The RealReal has a documented history of net losses and an ongoing challenge to achieve sustained profitability. While the company has shown improvements in reducing net losses and achieving positive adjusted EBITDA in 2025, it still reported a net loss of $41.8 million in 2025, with an accumulated deficit of $1,295.6 million. The path to consistent GAAP net profitability remains a significant and potentially expensive endeavor, requiring the company to effectively manage operational costs and leverage its high gross margins.
- Authentication Challenges and Counterfeit Risks: The core of The RealReal's business model and its ability to maintain consumer trust rests on its rigorous authentication process for luxury goods. However, the company has faced instances where counterfeit items were sold on its platform, leading to lawsuits and questioning the efficacy of its authentication. The broader luxury resale market is highly susceptible to counterfeit products, and any failure to guarantee 100% authenticity can severely damage brand reputation, erode customer trust, and expose the company to legal and financial liabilities.
- Intense Competition and Economic Sensitivity: The luxury resale market is characterized by intense competition from a growing number of online and offline players. The RealReal must continuously innovate and differentiate its services to maintain its market position against established retailers and emerging platforms. Furthermore, as a provider of discretionary luxury goods, the company's financial performance is sensitive to economic conditions. Economic downturns, recessions, or shifts in consumer spending patterns can directly impact demand for luxury items, adversely affecting The RealReal's revenue and growth prospects.
AI Analysis | Feedback
AI Analysis | Feedback
The addressable market for The RealReal's main products and services, primarily consigned luxury goods, falls within the broader luxury resale market. The global luxury resale market was valued at approximately USD 39.5 billion in 2024 and is projected to reach around USD 95.2 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period from 2025 to 2034. Other estimates place the global market size at USD 63.19 billion in 2024, projected to grow to approximately USD 167.66 billion by 2034 with a CAGR of 10.25% from 2025 to 2034. Another source estimates the global market at USD 34063.92 Million in 2026, expected to reach USD 79907.36 Million by 2035. Specifically for the U.S. market, which is a significant region for The RealReal, the luxury resale market was valued at USD 8.65 billion in 2024 and is projected to reach USD 13.04 billion by 2030, with a CAGR of 7.08%. Another report valued the United States secondhand luxury goods market at USD 8,714.44 Million in 2025 and projects it to reach USD 16,240.23 Million by 2034, growing at a CAGR of 7.16% from 2026-2034.AI Analysis | Feedback
The RealReal (NASDAQ: REAL) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:- Growth in Gross Merchandise Volume (GMV) from an expanding base of active buyers and consignors, with a particular focus on high-value categories. The company aims to increase its customer base and transaction volume, leveraging a "buyer-to-consignor flywheel" that reduces acquisition costs. This growth is further supported by an emphasis on categories such as fine jewelry and watches, which typically carry higher average selling prices. The RealReal reported surpassing $2 billion in GMV for 2025, demonstrating strong growth trajectory.
- Enhanced operational efficiency and scalability through the continued deployment of AI and automation tools. Initiatives like the AI-enabled Athena intake system and Smart Sales are crucial for improving operational efficiency, sales team productivity, and speeding up the intake-to-listing cycle times. These technological advancements enable the company to process a larger volume of items more efficiently, thereby supporting increased revenue generation and improving margins.
- Strategic expansion and optimization of its physical retail footprint and multi-channel experience. The RealReal continues to leverage its network of retail stores and Luxury Consignment Offices, which serve as important touchpoints for acquiring inventory from consignors and offering a browsing and shopping experience for buyers. Expanding and optimizing these physical locations contributes to broader market reach and a seamless multi-channel experience, reinforcing the company's supply acquisition and sales channels.
- Capitalizing on the overall growth of the luxury resale market and a fundamental shift in consumer preferences towards circular fashion. The RealReal is positioned as a leader in the authenticated luxury resale market, benefiting from increasing consumer awareness and preference for sustainable consumption. A significant percentage of consumers now consider resale value when purchasing new luxury items, providing a strong macro-level tailwind for the company's business model.
AI Analysis | Feedback
Capital Allocation Decisions (2021-2025) for The RealReal, Inc. (REAL)
Share Repurchases
No significant share repurchase programs or activities were identified during the 2021-2025 period based on available information.
Share Issuance
- In February 2024, The RealReal completed debt exchange transactions, converting approximately $145.8 million of its 3.00% Convertible Senior Notes due 2025 and $6.5 million of its 1.00% Convertible Senior Notes due 2028 into $135.0 million of new 4.25%/8.75% PIK/Cash Senior Secured Notes due 2029 and warrants to purchase up to 7,894,737 shares of common stock.
- In June 2025, the company paid off the remaining $26.75 million in aggregate principal amount of its 3% Convertible Senior Notes due 2025.
- In August 2025, the company further reduced its total indebtedness by over $6 million through strategic debt exchange transactions, converting approximately $49.5 million of its 1.00% Convertible Senior Notes due 2028 for additional 4.00% Convertible Senior Notes due 2031.
Inbound Investments
No significant large inbound investments by third-parties, such as strategic partners or private equity firms, were explicitly disclosed in the provided information for the 2021-2025 period.
Outbound Investments
No instances of The RealReal making strategic investments in other companies or acquisitions were identified in the provided information for the 2021-2025 period.
Capital Expenditures
- The RealReal reported capital expenditures of approximately $15.9 million in 2021 (comprising $11.7 million in purchases of property and equipment and $4.2 million in capitalized proprietary software development costs) and approximately $8.4 million in 2022 ($5.1 million in purchases of property and equipment and $3.3 million in capitalized proprietary software development costs).
- Capital expenditures were approximately $42.1 million in 2023, $26.1 million in 2024, and $31.5 million in 2025.
- The company anticipates capital expenditures on property, plant, and equipment to be between 2% and 3% of total revenue for the full year 2026, primarily focusing on investments in its technology platform, logistics infrastructure, and automation, including the build-out of authentication centers and new retail stores.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| RealReal Earnings Notes | 12/16/2025 | |
| RealReal Stock Leaps 12% In One Week, Now Is Not The Time To Buy The Stock | 11/12/2025 | |
| With RealReal Stock Surging, Have You Considered The Downside? | 10/17/2025 | |
| Day 5 of Gains Streak for RealReal Stock with 43% Return (vs. -28% YTD) [8/14/2025] | 08/15/2025 | |
| RealReal (REAL) Net Income Comparison | 08/08/2025 | |
| RealReal (REAL) Operating Cash Flow Comparison | 08/08/2025 | |
| RealReal (REAL) Operating Income Comparison | 08/08/2025 | |
| RealReal (REAL) Debt Comparison | 08/08/2025 | |
| RealReal (REAL) EBITDA Comparison | 08/08/2025 | |
| RealReal (REAL) Revenue Comparison | 08/08/2025 | |
| ARTICLES | ||
| Where Does RealReal Stock Rank Among Competitors? | 11/12/2025 | |
| RealReal Stock To $11? | 11/12/2025 | |
| REAL Stock Up 43% after 5-Day Win Streak | 08/15/2025 | |
| REAL Stock Up 26% after 5-Day Win Streak | 07/23/2025 |
Trade Ideas
Select ideas related to REAL.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | SKY | Champion Homes | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 03272026 | DPZ | Domino's Pizza | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.1% | 3.1% | 0.0% |
| 03272026 | ETSY | Etsy | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.6% | 5.6% | 0.0% |
| 03272026 | OLLI | Ollie's Bargain Outlet | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 3.1% | 3.1% | 0.0% |
| 03272026 | PATK | Patrick Industries | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 3.4% | 3.4% | -1.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 17.69 |
| Mkt Cap | 1.5 |
| Rev LTM | 1,273 |
| Op Inc LTM | 26 |
| FCF LTM | 38 |
| FCF 3Y Avg | 33 |
| CFO LTM | 53 |
| CFO 3Y Avg | 44 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.2% |
| Rev Chg 3Y Avg | 3.9% |
| Rev Chg Q | 12.7% |
| QoQ Delta Rev Chg LTM | 3.1% |
| Op Mgn LTM | 1.7% |
| Op Mgn 3Y Avg | -0.7% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 5.1% |
| CFO/Rev 3Y Avg | 3.5% |
| FCF/Rev LTM | 3.0% |
| FCF/Rev 3Y Avg | 2.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.5 |
| P/S | 1.6 |
| P/EBIT | 0.7 |
| P/E | 2.0 |
| P/CFO | 26.5 |
| Total Yield | -0.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.0% |
| 3M Rtn | -26.7% |
| 6M Rtn | -15.9% |
| 12M Rtn | 21.0% |
| 3Y Rtn | 36.1% |
| 1M Excs Rtn | 0.4% |
| 3M Excs Rtn | -26.2% |
| 6M Excs Rtn | -16.4% |
| 12M Excs Rtn | -1.8% |
| 3Y Excs Rtn | -40.5% |
Price Behavior
| Market Price | $9.69 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 06/28/2019 | |
| Distance from 52W High | -42.7% | |
| 50 Days | 200 Days | |
| DMA Price | $11.05 | $10.81 |
| DMA Trend | up | down |
| Distance from DMA | -12.3% | -10.3% |
| 3M | 1YR | |
| Volatility | 69.6% | 82.6% |
| Downside Capture | 2.16 | 1.74 |
| Upside Capture | 218.81 | 313.58 |
| Correlation (SPY) | 50.2% | 38.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.43 | 2.92 | 2.75 | 2.70 | 1.70 | 2.22 |
| Up Beta | 5.19 | 2.76 | 3.67 | 2.77 | 1.24 | 1.40 |
| Down Beta | -0.81 | 0.36 | 1.19 | 1.77 | 0.88 | 1.56 |
| Up Capture | 275% | 313% | 244% | 422% | 892% | 34820% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 6 | 13 | 24 | 58 | 125 | 368 |
| Down Capture | 345% | 349% | 309% | 219% | 163% | 113% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 16 | 29 | 39 | 68 | 123 | 364 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REAL | |
|---|---|---|---|---|
| REAL | 83.6% | 83.3% | 1.09 | - |
| Sector ETF (XLY) | 25.7% | 22.6% | 0.93 | 40.7% |
| Equity (SPY) | 29.1% | 17.4% | 1.36 | 39.5% |
| Gold (GLD) | 61.3% | 27.8% | 1.72 | 6.3% |
| Commodities (DBC) | 26.9% | 16.7% | 1.41 | 6.9% |
| Real Estate (VNQ) | 17.7% | 15.4% | 0.86 | 29.2% |
| Bitcoin (BTCUSD) | -10.9% | 43.9% | -0.14 | 24.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REAL | |
|---|---|---|---|---|
| REAL | -15.7% | 97.4% | 0.26 | - |
| Sector ETF (XLY) | 6.7% | 23.7% | 0.25 | 50.5% |
| Equity (SPY) | 11.4% | 17.0% | 0.52 | 46.3% |
| Gold (GLD) | 22.2% | 17.8% | 1.02 | 6.5% |
| Commodities (DBC) | 11.5% | 18.8% | 0.50 | 10.7% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 37.7% |
| Bitcoin (BTCUSD) | 3.6% | 56.5% | 0.29 | 24.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REAL | |
|---|---|---|---|---|
| REAL | -10.4% | 94.4% | 0.26 | - |
| Sector ETF (XLY) | 12.2% | 22.0% | 0.51 | 50.1% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 45.9% |
| Gold (GLD) | 14.1% | 15.9% | 0.74 | 4.6% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 13.2% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 38.1% |
| Bitcoin (BTCUSD) | 67.1% | 66.9% | 1.06 | 25.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/26/2026 | -1.0% | -8.2% | -30.8% |
| 11/10/2025 | 38.1% | 26.5% | 27.2% |
| 8/7/2025 | 16.2% | 42.8% | 49.4% |
| 5/8/2025 | -30.7% | -27.7% | -16.0% |
| 2/10/2025 | -4.5% | 2.0% | -27.0% |
| 10/28/2024 | 1.7% | 2.0% | 81.9% |
| 8/6/2024 | -23.2% | -13.2% | -26.5% |
| 2/29/2024 | 55.9% | 120.3% | 119.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 12 |
| # Negative | 12 | 9 | 11 |
| Median Positive | 15.2% | 19.4% | 25.6% |
| Median Negative | -12.9% | -15.9% | -26.5% |
| Max Positive | 55.9% | 120.3% | 119.8% |
| Max Negative | -30.7% | -28.4% | -30.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lo, Steve Ming | Chief Accounting Officer | Direct | Sell | 12092025 | 14.45 | 555 | 8,021 | 3,598,768 | Form |
| 2 | Lo, Steve Ming | Chief Accounting Officer | Direct | Sell | 12092025 | 14.19 | 17,874 | 253,672 | 3,280,170 | Form |
| 3 | Lo, Steve Ming | Chief Accounting Officer | Direct | Sell | 12092025 | 14.45 | 43,926 | 634,731 | 2,705,011 | Form |
| 4 | Madan, Gopal Ajay | Chief Financial Officer | Direct | Sell | 11282025 | 14.73 | 28,520 | 420,014 | 17,025,767 | Form |
| 5 | Lo, Steve Ming | Chief Accounting Officer | Direct | Sell | 11282025 | 14.46 | 59,789 | 864,250 | 3,607,289 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.