The RealReal delivered strong Q3 results with record GMV of $520 million, reflecting a 20% year-over-year increase, while adjusted EBITDA rose significantly, showcasing enhanced operational efficiencies and growing demand for luxury resale.

• Achieved quarterly GMV of $520 million, up 20% from the previous year, marking a new record.
• Adjusted EBITDA rose to $9.3 million, representing 5.4% of total revenue and a 380 basis point improvement year-over-year.
• Strong adoption of AI tools led to a 12% increase in productivity among luxury managers, with a focus on high-quality supply.
• Active consignor base grew significantly, with over 1 million active buyers achieved for the first time.
• The company's strategic focus on personalized service and trust-building with customers is reinforcing brand loyalty and driving repeat transactions.