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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	49.61	23.38	14.71	10.85	25.82	21.23
Short-Term Investments	5.16	9.45	14.22	7.89	8.81	-
Cash & Short-Term Investments	54.77	32.83	28.93	18.74	34.63	21.23
Cash Growth	63.05%	13.47%	54.39%	-45.89%	63.14%	39949.06%
Accounts Receivable	26.82	14.24	6.44	1.55	0.25	0.12
Other Receivables	0.12	0.12	0.06	0.07	0.02	0.22
Receivables	26.94	14.35	6.5	1.62	0.28	0.34
Prepaid Expenses	1.57	1.65	2.13	0.53	0.45	0.09
Restricted Cash	46.3	24.09	12.95	7.48	3.31	0.05
Total Current Assets	129.59	72.91	50.51	28.37	38.67	21.7
Property, Plant & Equipment	2.32	2.12	1.6	0.51	0.28	0.21
Goodwill	8.99	8.99	8.99	10.26	0.6	-
Other Intangible Assets	2.13	2.58	3.44	4.62	0.45	-
Total Assets	149.43	86.6	64.55	43.76	40	21.91
Accounts Payable	1.25	1.37	0.57	0.47	0.05	0.82
Accrued Expenses	48.07	25.94	13.37	11.87	8.82	-
Current Portion of Leases	-	-	-	0.1	0.09	0.09
Other Current Liabilities	51.15	27.14	13.25	8.67	3.35	0.06
Total Current Liabilities	100.46	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	100.46	54.45	27.46	21.35	12.99	1.11
Additional Paid-In Capital	158.83	138.64	115.5	63.2	63.4	21.67
Retained Earnings	-108.2	-104.75	-78.21	-50.7	-30.13	-18.45
Treasury Stock	-2.02	-2.46	-0.26	-14.96	-12.64	-
Comprehensive Income & Other	0.58	0.71	-0.17	24.61	6.38	2.76
Total Common Equity	49.19	32.15	36.88	22.15	27	5.98
Minority Interest	-0.22	-0	0.21	0.26	-	14.82
Shareholders' Equity	48.97	32.14	37.08	22.42	27	20.8
Total Liabilities & Equity	149.43	86.6	64.55	43.76	40	21.91
Total Debt	-	-	-	0.1	0.13	0.22
Net Cash (Debt)	54.77	32.83	28.93	18.64	34.5	21.01
Net Cash Growth	63.05%	13.47%	55.18%	-45.96%	64.19%	-
Net Cash Per Share	0.27	0.17	0.16	0.10	0.20	0.21
Filing Date Shares Outstanding	209.3	203.97	185.28	179.97	178.21	149.5
Total Common Shares Outstanding	208.12	202.5	183.61	179.92	178.21	149.5
Working Capital	29.13	18.46	23.32	7.26	26.35	20.74
Book Value Per Share	0.24	0.16	0.20	0.12	0.15	0.04
Tangible Book Value	38.06	20.58	24.44	7.27	25.95	5.98
Tangible Book Value Per Share	0.18	0.10	0.13	0.04	0.15	0.04
Machinery	3.62	3.08	2.09	0.62	0.27	0.1

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q