Business
The RealReal Announces Vision 2025 Financial Targets at Investor Day 2022
The Company is Targeting Gross Merchandise Value of $5+ Billion, Total Revenue of $1.5+ Billion and Positive Adjusted EBITDA of $100+ Million in 2025 SAN
About this update from The Realreal, Inc.
[{"type":"text","content":"The Company is Targeting Gross Merchandise Value of $5+ Billion, Total Revenue of $1.5+ Billion and Positive Adjusted EBITDA of $100+ Million in 2025\nSAN FRANCISCO, March 22, 2022 (GLOBE NEWSWIRE) -- The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today announced its Vision 2025 financial targets and will host its Investor Day later today. “We are pleased to host our Investor Day at our Phoenix Authentication Center and showcase many of our technology innovations across our operations, including authentication and dynamic pricing. We look forward to discussing in-depth our long-range financial targets, which we are referring to as Vision 2025,” said Julie Wainwright, founder and CEO of The RealReal. Robert Julian, CFO at The RealReal stated, “As we previously committed, we are targeting positive Adjusted EBITDA for full year 2024, based on strong top-line growth, operational excellence and fixed-cost management. Our Vision 2025 for The RealReal is $5+ billion of Gross Merchandise Value (GMV), $1.5+ billion of Total Revenue and $100+ million of positive Adjusted EBITDA. We look forward to providing more details later today at our Investor Day event.” The virtual portion of the Investor Day event will feature presentations from The RealReal executive team and a question-and-answer session. Vision 2025 Long-Range Financial Targets for Full Year 2025 Based on market conditions as of March 22, 2022, we are providing long-term targets for GMV, Total Revenue and Adjusted EBITDA, which is a Non-GAAP financial measure. GMV of $5.0+ billionTotal Revenue of $1.5+ billionAdjusted EBITDA of $100+ million We have not reconciled forward-looking Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, because we cannot predict with reasonable certainty the ultimate outcome of certain components of such reconciliations, including payroll tax expense on employee stock transactions, that are not within our control, or other components that may arise, without unreasonable effort. For these reasons, we are unable to assess the probable significance of the unavailable information, which could materially impact the amount of future net income (loss). Live Webcast of Investor Day Registration for the live webcast of the Investor Day management presentation and question-a...