The Real Brokerage Inc. (REAX)

NASDAQ: REAX · Real-Time Price · USD

1.690

+0.020 (1.20%)

At close: Jul 24, 2026, 4:00 PM EDT

1.710

+0.020 (1.18%)

After-hours: Jul 24, 2026, 7:59 PM EDT

The Real Brokerage Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,080	1,968	1,265	689.16	381.76	121.68
Revenue Growth (YoY)	46.70%	55.65%	83.50%	80.52%	213.74%	634.83%
Cost of Revenue	1,906	1,803	1,150	626.29	349.81	110.59
Gross Profit	173.91	165.69	114.74	62.87	31.95	11.09
Selling, General & Admin	161.67	156.74	118.56	81.52	46.83	18.38
Research & Development	18.66	17.44	12.16	7.36	4.87	3.98
Other Operating Expenses	0.31	0.75	9.25	-	-	-
Total Operating Expenses	180.64	174.94	139.97	88.88	51.7	22.36
Operating Income	-7.48	-9.25	-25.23	-26.01	-19.75	-11.27
Interest Expense	-0.61	-0.55	-1.72	-0.62	-1.17	-0.66
Other Non-Operating Income (Expense)	0.99	1	0.5	-0.59	0.88	0.25
Total Non-Operating Income (Expense)	0.38	0.44	-1.23	-1.21	-0.29	-0.41
Pretax Income	-7.1	-8.81	-26.45	-27.22	-20.03	-11.68
Provision for Income Taxes	0.04	-0.74	-	-	-	-
Net Income	-6.4	-8.07	-26.45	-27.22	-20.34	-11.68
Minority Interest in Earnings	0.16	0.04	0.09	0.29	0.24	-
Net Income to Common	-6.56	-8.11	-26.54	-27.5	-20.58	-11.68
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	222	220	191	178	178	170
Shares Outstanding (Diluted)	227	220	191	178	178	170
Shares Change (YoY)	15.54%	15.01%	7.32%	-0.04%	4.53%	67.39%
EPS (Basic)	-0.03	-0.04	-0.14	-0.15	-0.12	-0.07
EPS (Diluted)	-0.03	-0.04	-0.14	-0.15	-0.12	-0.07
EPS Growth	-	-	-	-	-	-
Free Cash Flow	72.2	64.83	47.69	18.35	4.59	1.51
Free Cash Flow Growth	72.05%	35.94%	159.90%	300.00%	203.37%	-
Free Cash Flow Per Share	0.32	0.29	0.25	0.10	0.03	0.01
Gross Margin	8.36%	8.42%	9.07%	9.12%	8.37%	9.12%
Operating Margin	-0.36%	-0.47%	-1.99%	-3.77%	-5.17%	-9.26%
Profit Margin	-0.31%	-0.41%	-2.09%	-3.95%	-5.33%	-9.60%
FCF Margin	3.47%	3.29%	3.77%	2.66%	1.20%	1.24%
EBITDA	-5.35	-7.32	-23.83	-24.88	-19.41	-11.05
EBITDA Margin	-0.26%	-0.37%	-1.88%	-3.61%	-5.09%	-9.08%
EBIT	-7.48	-9.25	-25.23	-26.01	-19.75	-11.27
EBIT Margin	-0.36%	-0.47%	-1.99%	-3.77%	-5.17%	-9.26%
Effective Tax Rate	-0.62%	8.40%	0.00%	0.00%	0.00%	0.00%

SEC Filings: 10-K · 10-Q