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TheRealReal vs Teamshares: REAL and TMS compared
TheRealReal is the larger company: $206M of revenue in its latest quarter (Q3 2026) against $149M for Teamshares (Q2 2026). Teamshares is growing faster (+20% against +19% a year earlier). Teamshares is more profitable, with an operating margin of 2.0% against 0.7%.
Where the money goes: REAL and TMS
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.
Teamshares (TMS) · Q2 2026
Teamshares, Q2 2026: revenue $149M (+20% year over year), operating margin 2.0%, net earnings $9.2M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| TheRealReal (REAL) | Teamshares (TMS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $206M | $149M |
| Revenue growth, Y/Y | +19% | +20% |
| Gross margin | 74.9% | 41.3% |
| Operating margin | 0.7% | 2.0% |
| Net earnings | $16.0M | $9.2M |
| Net margin | 7.8% | 6.2% |
| Operating cash flow | $25.0M | −$4.9M |
| Free cash flow | $15.3M | — |
| Market value | $1.4B | — |
| Analysts’ mean target | $17.75 | — |
Where the revenue comes from
TheRealReal
- Consignment revenue: $159M (77%)
- Direct revenue: $27.4M (13%)
- Shipping services revenue: $19.6M (10%)
Teamshares
- Products: $113M (76%)
- Services: $36.1M (24%)
Questions
Which is bigger, TheRealReal or Teamshares?
TheRealReal is the larger company: $206M of revenue in its latest quarter (Q3 2026) against $149M for Teamshares (Q2 2026).
Is TheRealReal or Teamshares growing faster?
Teamshares is growing faster (+20% against +19% a year earlier).
Which is more profitable, TheRealReal or Teamshares?
Teamshares is more profitable, with an operating margin of 2.0% against 0.7%.
More: TheRealReal earnings · how TheRealReal makes money · Teamshares earnings · how Teamshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.