TheRealReal, Inc. (REAL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 12.39% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
120M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

REAL currently has 120M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 12.39% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 119.5M shares outstanding

120M 0
Nov 10, 2025

10-Q filing | 116.8M shares outstanding

120M 0
Aug 07, 2025

10-Q filing | 114.0M shares outstanding

110M 0
May 08, 2025

10-Q filing | 112.0M shares outstanding

110M 0
Feb 21, 2025

10-K filing | 107.9M shares outstanding

110M 0
Nov 04, 2024

10-Q filing | 109.0M shares outstanding

110M 0
Aug 06, 2024

10-Q filing | 106.9M shares outstanding

110M 0
May 07, 2024

10-Q filing | 105.2M shares outstanding

110M 0
Mar 01, 2024

10-K filing | 101.8M shares outstanding

100M 0
Feb 29, 2024

8-K filing: The RealReal, Inc. entered into exchange agreements with certain noteholders to exchange convertible senior notes for new secured notes and warrants to purchase up to 7,894,737 shares of common stock with a strike price of $1.71, consummating the exchange on February 29, 2024.

100M 0
Nov 07, 2023

10-Q filing | 102.6M shares outstanding

100M 0
Aug 08, 2023

10-Q filing | 101.0M shares outstanding

100M 0
May 09, 2023

10-Q filing | 99.6M shares outstanding

100M 0
Feb 28, 2023

10-K filing | 95.9M shares outstanding

96M 0
Nov 08, 2022

10-Q filing | 96.7M shares outstanding

97M 0
Aug 09, 2022

10-Q filing | 94.9M shares outstanding

95M 0
May 10, 2022

10-Q filing | 93.5M shares outstanding

93M 0
Feb 28, 2022

10-K filing | 91.4M shares outstanding

91M 0
Nov 08, 2021

10-Q filing | 91.9M shares outstanding

92M 0
Aug 09, 2021

10-Q filing | 91.1M shares outstanding

91M 0
May 10, 2021

10-Q filing | 90.8M shares outstanding

91M 0
Mar 01, 2021

10-K filing | 89.8M shares outstanding

90M 0
Nov 10, 2020

10-Q filing | 88.6M shares outstanding

89M 0
Aug 07, 2020

10-Q filing | 87.6M shares outstanding

88M 0
May 07, 2020

10-Q filing | 86.9M shares outstanding

87M 0
Mar 11, 2020

10-K filing | 86.5M shares outstanding

87M 0
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