Filing Flows › Comparisons › EZPW vs REAL
Ezcorp vs TheRealReal: EZPW and REAL compared
Ezcorp is the larger company: $419M of revenue in its latest quarter (Q3 FY26) against $206M for TheRealReal (Q3 2026). Ezcorp is growing faster (+35% against +19% a year earlier). Ezcorp is more profitable, with an operating margin of 13.1% against 0.7%.
Where the money goes: EZPW and REAL
Ezcorp (EZPW) · Q3 FY26
Ezcorp, Q3 FY26: revenue $419M (+35% year over year), operating margin 13.1%, net earnings $38.2M, operating cash flow $42.8M. The chart follows the revenue to costs, profit and cash.
TheRealReal (REAL) · Q3 2026
TheRealReal, Q3 2026: revenue $206M (+19% year over year), operating margin 0.7%, net earnings $16.0M, operating cash flow $25.0M. The chart follows the revenue to costs, profit and cash.
| Ezcorp (EZPW) | TheRealReal (REAL) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $419M | $206M |
| Revenue growth, Y/Y | +35% | +19% |
| Gross margin | 58.8% | 74.9% |
| Operating margin | 13.1% | 0.7% |
| Net earnings | $38.2M | $16.0M |
| Net margin | 9.1% | 7.8% |
| Operating cash flow | $42.8M | $25.0M |
| Free cash flow | $32.9M | $15.3M |
| Market value | $2.4B | $1.4B |
| P/E | 15.0× | — |
| Analysts’ mean target | $41.00 | $17.75 |
Where the revenue comes from
Ezcorp
- Merchandise sales: $210M (50%)
- Pawn service charges: $152M (36%)
- Jewelry scrap sales: $56.6M (14%)
- Other revenues: $43K (0%)
TheRealReal
- Consignment revenue: $159M (77%)
- Direct revenue: $27.4M (13%)
- Shipping services revenue: $19.6M (10%)
Questions
Which is bigger, Ezcorp or TheRealReal?
Ezcorp is the larger company: $419M of revenue in its latest quarter (Q3 FY26) against $206M for TheRealReal (Q3 2026).
Is Ezcorp or TheRealReal growing faster?
Ezcorp is growing faster (+35% against +19% a year earlier).
Which is more profitable, Ezcorp or TheRealReal?
Ezcorp is more profitable, with an operating margin of 13.1% against 0.7%.
More: Ezcorp earnings · how Ezcorp makes money · TheRealReal earnings · how TheRealReal makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.