The RealReal Inc. (NASDAQ: REAL) reported Q4 EPS of $0.14, $0.53 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $120.3 million versus the consensus estimate of $94.06 million.

Q1 2021 Highlights

• Launched one new Tier 2 lender in two channels in U.S. Appraisal
• Launched two new lenders in U.S. Title (including one Tier 2 lender)
• Purchased 1.2 million shares under our normal course issuer bid at a cost of $18.9 million

“We reported solid first quarter results driven by strong year-over-year growth in our U.S. Title segment. Consolidated Net Revenue(A) increased 24.8% to $44.0 million and consolidated Adjusted EBITDA(A) increased 19.7% to $17.4 million,” said Real Matters Chief Executive Officer Brian Lang. “The U.S. mortgage market remained strong in the first quarter due to sustained strength in refinance volumes. We estimate that refinance market volume was up 60%; by comparison, our centralized title revenues increased 93%. Our U.S. Appraisal origination revenues increased over 9% compared with an estimated flat addressable mortgage origination market volumes. Our Canadian segment posted strong results in the first quarter, principally as a result of market share gains and stronger market volumes. Canadian revenues were up 40.7%, while Net Revenue(A) and Adjusted EBITDA(A) increased 25.1% and 67.8%, respectively. We were active in our normal course issuer bid in the first quarter this year, purchasing 1.2 million shares at a cost of $18.9 million.”

For earnings history and earnings-related data on The RealReal Inc. (REAL) click here.