The Real Brokerage Inc. (REAX)

The Real Brokerage Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-8.07	-26.45	-27.22	-20.34	-11.68
Depreciation & Amortization	1.93	1.4	1.13	0.33	0.21
Stock-Based Compensation	68.15	52.92	38.4	16.2	4.03
Other Adjustments	-1.1	0.98	0.81	0.17	0.34
Change in Receivables	-5.94	-7.79	-4.88	-1.34	0.06
Changes in Accounts Payable	-0.21	0.8	0.1	0.42	-
Changes in Accrued Expenses	12.27	12.57	7.75	5.32	5.79
Changes in Unearned Revenue	2.25	11.14	5.47	4.17	-
Changes in Other Operating Activities	-3.35	3.18	-2.59	1.07	2.93
Operating Cash Flow	65.93	48.73	18.98	6	1.68
Operating Cash Flow Growth	35.29%	156.79%	216.55%	256.00%	-
Capital Expenditures	-1.1	-1.05	-0.63	-1.41	-0.17
Purchases of Intangible Assets	-2.75	-	-	-	-
Purchases of Investments	-18.3	-1.69	-6.85	-0.13	-8.94
Proceeds from Sale of Investments	8.56	6.55	0.85	0.64	-
Payments for Business Acquisitions	-	-	-	-8.15	-1.1
Investing Cash Flow	-13.59	3.81	-6.63	-9.05	-1.27
Issuance of Common Stock	2.17	6.28	0.5	0.27	26.68
Repurchase of Common Stock	-39.36	-36.28	-2.87	-8.06	-12.64
Net Common Stock Issued (Repurchased)	-37.19	-30.01	-2.36	-7.8	14.04
Other Financing Activities	-3.05	-3.13	-0.7	-0.05	2.17
Financing Cash Flow	-40.25	-33.14	-3.06	-7.85	7.27
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	0.41	0.04	0.1	0.18
Net Cash Flow	12.08	19.4	9.28	-10.9	7.68
Free Cash Flow	64.83	47.69	18.35	4.59	1.51
Free Cash Flow Growth	35.94%	159.90%	300.00%	203.37%	-
FCF Margin	3.29%	3.77%	2.66%	1.20%	1.24%
Free Cash Flow Per Share	0.29	0.25	0.10	0.03	0.01
Levered Free Cash Flow	3.68	1.5	-16.27	-10.68	-2.92
Unlevered Free Cash Flow	3.31	2.82	-14.78	-9.85	-2.51

Updated Mar 4, 2026. Data Source: Fiscal.ai. standard template. Financial Sources.

SEC Filings: 10-K · 10-Q