Build-A-Bear Workshop vs TheRealReal
TheRealReal reported revenue of $693 million in fiscal 2025, 1.3 times Build-A-Bear Workshop's $530 million in fiscal 2026. Build-A-Bear Workshop's revenue grew 6.7% in its latest year, and TheRealReal's grew 15.4%. Free cash flow was $40 million at Build-A-Bear Workshop and $18 million at TheRealReal. Their fiscal years end in different months (January 31 and December 31), so the periods don't line up exactly.
Side by side
| Build-A-Bear Workshop | TheRealReal | |
|---|---|---|
| Latest fiscal year | FY2026, Jan 31, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $530M | $693M |
| Revenue growth | 6.7% | 15.4% |
| Revenue growth a year, last 5 years | 15.7% | 18.2% |
| Gross margin | 55.8% | 74.6% |
| Operating margin | — | −3.5% |
| Net margin | 9.8% | −6.0% |
| Free cash flow | $40M | $18M |
| Free cash flow margin | 7.5% | 2.6% |
| Return on capital | — | — |
| Net debt to EBITDA | — | −1.1x |
| Dividends and buybacks | $39M | $0M |
| Change in diluted share count | −4.0% | 8.0% |
| Last close | $29.70 | $12.87 |
| P/E at the last close | 7.4× | — |
| Insider trades, last 12 months | — | — |
| Piotroski F-score | — | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Build-A-Bear WorkshopTheRealReal
Operating margin
Percent of revenue
Build-A-Bear WorkshopTheRealReal
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Build-A-Bear WorkshopTheRealReal
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Build-A-Bear Workshop and TheRealReal pages.