The RealReal announced on Monday preliminary financial results for the fourth quarter ended December 31, which is expected to clock a gross merchandise value (GMV) of $503.5 million for the quarter.

For the quarter, total revenue is expected to be in the range of $163.1 to $164.1 million, up from the previous guidance of $158 to $165 million. 

The company also updated its full year 2024 guidance with GMV now expected to total $1.829 billion, compared to its prior guidance of $1.810 to $1.826 billion for the full year. Full-year revenue is expected to be $599.6 to $600.6 million, up from $595 to $602 million. 

“I am pleased to report strong Q4 and full year 2024 preliminary results. Our growth playbook combined with operational excellence enabled us to deliver GMV and Adjusted EBITDA above our guidance range,” said Rati Levesque, president and chief executive officer of The RealReal. 

“2024 marked an important inflection point for our business. We achieved positive Adjusted EBITDA for the year, and we’re just getting started.”

Looking ahead, the San Francisco-based company said GMV for the first quarter of 2025 are expected to be in the range of $484 to $492 million. Full year 2025 GMV is expected to be in the range of $1.96 to $1.99 billion. 

“The RealReal has made tremendous headway on our growth and profitability goals. We look forward to continuing this momentum in 2025, expanding Adjusted EBITDA margin through the combination of our growth playbook and operational efficiencies driven by our data, technology, and AI capabilities,” added Ajay Gopal, chief financial officer of The RealReal.