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The Real Brokerage Inc., together with its subsidiaries, operates as a real estate technology company in the United States and Canada. The company provides title, mortgage, and wallet services. It also offers ancillary services including mortgage origination, title and escrow services, and financial technology and lending products. The company was founded in 2014 and is headquartered in Miami, Florida.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.0B | $-6M | $-8M | $62M | -15.7% | 55.7% | -69.5% |
| 2024 | $1.3B | $-25M | $-27M | $48M | -82.6% | 83.5% | -3.5% |
| 2023 | $689M | $-26M | $-28M | $18M | -74.6% | 80.5% | 33.6% |
| 2022 | $382M | $-19M | $-21M | $5M | -92.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 1,968.42 |
| Operating Revenue | 1,968.42 |
| Cost Of Revenue | 1,802.73 |
| Gross Profit | 165.69 |
| Operating Expense | 174.18 |
| Research And Development | 17.44 |
| Selling General And Administration | 154.81 |
| Total Expenses | 1,976.91 |
| Operating Income | -8.50 |
| Total Operating Income As Reported | -9.25 |
| EBITDA | -6.32 |
| Normalized EBITDA | -5.57 |
| EBIT | -8.25 |
| Interest Income | - |
| Interest Expense | 0.55 |
| Net Interest Income | -0.55 |
| Other Non Operating Income Expenses | 1 |
| Other Income Expense | 0.24 |
| Interest Income Non Operating | - |
| Interest Expense Non Operating | 0.55 |
| Net Non Operating Interest Income Expense | -0.55 |
| Pretax Income | -8.81 |
| Tax Provision | -0.74 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -0.06 |
| Net Income Continuous Operations | -8.07 |
| Net Income From Continuing And Discontinued Operation | -8.10 |
| Net Income From Continuing Operation Net Minority Interest | -8.10 |
| Net Income | -8.10 |
| Net Income Common Stockholders | -8.10 |
| Net Income Including Noncontrolling Interests | -8.07 |
| Normalized Income | -7.42 |
| Diluted NI Availto Com Stockholders | -8.10 |
| Basic Average Shares | 219.87 |
| Diluted Average Shares | 219.87 |
| Reconciled Depreciation | 1.93 |
| Reconciled Cost Of Revenue | 1,802.73 |
| Total Unusual Items | -0.75 |
| Total Unusual Items Excluding Goodwill | -0.75 |
| Minority Interests | -0.04 |
| Special Income Charges | -0.75 |
| Other Special Charges | 0.75 |
| Restructuring And Mergern Acquisition | - |
| Gain On Sale Of Security | - |
| Depreciation Amortization Depletion Income Statement | 1.93 |
| Depreciation And Amortization In Income Statement | 1.93 |
| General And Administrative Expense | 89 |
| Other Gand A | 25.11 |
| Salaries And Wages | 63.89 |
| Total Other Finance Cost | - |
| Other Operating Expenses | - |
| Selling And Marketing Expense | 65.81 |
| Depreciation Income Statement | 1.93 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Real Brokerage Inc.this co. | REAX | $348M | -42.90 | 6.73 | -15.7% | - |
| Gladstone Land Corporation | LAND | $402M | 29.75 | 0.60 | 2.0% | 12.45 |
| NexPoint Real Estate Finance, Inc. | NREF | $364M | 3.46 | 0.94 | 27.1% | - |
| Claros Mortgage Trust, Inc. | CMTG | $355M | -0.73 | 0.23 | -31.9% | - |
| The RMR Group Inc. | RMR | $348M |
| - |
| - |
| - |
| - |
| - |
| - |
| 19.78 |
| 1.53 |
| 7.7% |
| 7.87 |
| Maui Land & Pineapple Company, Inc. | MLP | $345M | -32.58 | 10.42 | -32.0% | -38.70 |
| Alpine Income Property Trust, Inc. | PINE | $342M | -128.59 | 1.22 | -0.9% | 18.09 |
| Transcontinental Realty Investors, Inc. | TCI | $325M | 23.53 | 0.38 | 1.6% | 12.78 |
| Seaport Entertainment Group Inc. | SEG | $306M | -2.62 | 0.67 | -25.6% | -5.13 |
| Peer Median | - | 1.37 | 0.80 | 0.3% | 10.16 | |