The RealReal Q1 GMV jumps 24% to $606M as Athena AI handles 35% of intake
The RealReal posted Q1 2026 GMV of $606M (+24% YoY) and revenue of $190M (+19%), with gross margin at 74.5%. Athena AI processed 35% of items, targeting ~50% by year-end. New stores planned in San Francisco and Boston, with international dropship expanding to Italy, France and Japan. Q2 GMV guided to $590M-$600M.
The RealReal posted Q1 2026 GMV of $606M (+24%) and revenue $190M (+19%), with AI intake Athena handling 35% of items. New stores in SF and Boston in 2026; international dropship expansion to Italy, France, Japan.
Why this matters
The RealReal's Q1 marks accelerating GMV growth alongside operational leverage from Athena AI, as the resale platform expands physical retail footprint and pushes international dropship into three new markets.
Retail-company signals steady at 243 in the last 90 days.