The RealReal, Inc. (REAL) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.778 Hello and welcome to the RealReal Q3 earnings call. 00:00:03.778 -- 00:00:07.606 We ask that you please hold all questions until the completion of the formal remarks, 00:00:07.606 -- 00:00:11.794 at which time you'll be given instructions for the question and answer session. 00:00:11.794 -- 00:00:14.980 Also, as a reminder, this conference is being recorded. 00:00:14.980 -- 00:00:18.167 If you have any objections, please disconnect at this time. 00:00:18.167 -- 00:00:21.693 With that, I would like to turn the call over to Caitlin Howe, Senior Vice President 00:00:21.693 -- 00:00:22.880 of Finance. 00:00:22.880 -- 00:00:27.909 Thank you, Operator. Joining me today to discuss our results for the period ended 00:00:27.909 -- 00:00:30.673 September 30th, 2025, 00:00:30.673 -- 00:00:35.702 are Chief Executive Officer and President Rathi Leveque and Chief Financial Officer 00:00:35.702 -- 00:00:37.986 Ajay Gopal. 00:00:37.986 -- 00:00:43.034 Before we begin, I would like to remind you that during today's call, we will make forward-looking 00:00:43.034 -- 00:00:48.513 statements, which involve known and unknown risks and uncertainties. 00:00:48.513 -- 00:00:54.302 Our actual results may differ materially from those suggested in such statements. 00:00:54.302 -- 00:00:58.649 You can find more information about these risks, uncertainties, and other factors that 00:00:58.649 -- 00:01:03.697 could affect our operating results in the company's most recent Form 10-K and subsequent 00:01:03.697 -- 00:01:06.923 quarterly reports on Form 10-Q. 00:01:06.923 -- 00:01:11.772 Today's presentation will also include certain non-GAAP financial measures, both historical 00:01:11.772 -- 00:01:16.821 and forward-looking. We have provided reconciliations for ...