The Real Brokerage Inc. (REAX)

The Real Brokerage Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	36.43	23.38	14.71	10.85	25.82	21.23
Short-Term Investments	19.35	9.45	14.22	7.89	8.81	-
Cash & Short-Term Investments	55.78	32.83	28.93	18.74	34.63	21.23
Cash Growth	74.43%	13.47%	54.39%	-45.89%	63.14%	39949.06%
Accounts Receivable	27.86	14.24	6.44	1.55	0.25	0.12
Other Receivables	2.22	0.12	0.06	0.07	0.02	0.22
Receivables	30.09	14.35	6.5	1.62	0.28	0.34
Prepaid Expenses	-	1.65	2.13	0.53	0.45	0.09
Restricted Cash	35.95	24.09	12.95	7.48	3.31	0.05
Total Current Assets	124.71	72.91	50.51	28.37	38.67	21.7
Property, Plant & Equipment	2.51	2.12	1.6	0.51	0.28	0.21
Goodwill	8.99	8.99	8.99	10.26	0.6	-
Other Intangible Assets	4.52	2.58	3.44	4.62	0.45	-
Total Assets	145.22	86.6	64.55	43.76	40	21.91
Accounts Payable	1.08	1.37	0.57	0.47	0.05	0.82
Accrued Expenses	47.66	25.94	13.37	11.87	8.82	-
Current Portion of Leases	-	-	-	0.1	0.09	0.09
Other Current Liabilities	42.89	27.14	13.25	8.67	3.35	0.06
Total Current Liabilities	91.62	54.45	27.2	21.11	12.31	0.96
Long-Term Leases	-	-	-	-	0.04	0.13
Other Long-Term Liabilities	-	-	0.27	0.24	0.64	0.02
Total Liabilities	91.62	54.45	27.46	21.35	12.99	1.11
Additional Paid-In Capital	161.9	138.64	115.5	63.2	63.4	21.67
Retained Earnings	-108.65	-104.75	-78.21	-50.7	-30.13	-18.45
Treasury Stock	-	-2.46	-0.26	-14.96	-12.64	-
Comprehensive Income & Other	0.39	0.71	-0.17	24.61	6.38	2.76
Total Common Equity	53.64	32.15	36.88	22.15	27	5.98
Minority Interest	-0.05	-0	0.21	0.26	-	14.82
Shareholders' Equity	53.59	32.14	37.08	22.42	27	20.8
Total Liabilities & Equity	145.22	86.6	64.55	43.76	40	21.91
Total Debt	-	-	-	0.1	0.13	0.22
Net Cash (Debt)	55.78	32.83	28.93	18.64	34.5	21.01
Net Cash Growth	74.43%	13.47%	55.18%	-45.96%	64.19%	-
Net Cash Per Share	0.26	0.17	0.16	0.10	0.20	0.21
Filing Date Shares Outstanding	210.91	203.97	185.28	179.97	178.21	149.5
Total Common Shares Outstanding	210.91	202.5	183.61	179.92	178.21	149.5
Working Capital	33.09	18.46	23.32	7.26	26.35	20.74
Book Value Per Share	0.25	0.16	0.20	0.12	0.15	0.04
Tangible Book Value	40.13	20.58	24.44	7.27	25.95	5.98
Tangible Book Value Per Share	0.19	0.10	0.13	0.04	0.15	0.04
Machinery	4.01	3.08	2.09	0.62	0.27	0.1

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q