RealReal, Inc.

The RealReal (REAL) operates an online marketplace specialising in authenticated secondhand luxury goods — including designer clothing, handbags, watches and jewellery. The company connects consignors with buyers and earns revenue through consignment commissions, direct sales margins and ancillary services such as authentication and logistics. With a market capitalisation around $1.40 billion, investors should note the business sits at the intersection of e-commerce, luxury retail and the growing circular economy. Strengths can include brand recognition in resale authentication and a large inventory network; key risks include sensitivity to consumer discretionary spending, competition from other resale platforms and the operational challenge of reliably authenticating high-value items. RealReal has historically reinvested in growth; it does not represent a guaranteed income source and may be volatile. This summary is educational and not personal financial advice — consider your own objectives, time horizon and risk tolerance before acting.