REAX

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The Real Brokerage, Inc.

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Key Metrics

Previous Close: $2.79
52-Week Range: $1.55 – $5.41
Market Cap: $599.35M
P/E (TTM): —
EPS (TTM): -0.07
Dividend Yield: —

Advanced Metrics

Price/Book: 7.62
PEG Ratio: —
Return on Equity: -24.94%
Return on Assets: -1.22%
Gross Margin: 8.23%
Operating Margin: 0.65%
Profit Margin: -0.72%
Current Ratio: 1.44
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $74.81M
Revenue Growth: 29.60%
Earnings Growth: —
Enterprise Value: $524.84M

REAX Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$381.76M	$689.16M	$1.26B	$1.97B
Cost of Revenue	$349.81M	$626.28M	$1.15B	$1.80B
Gross Profit	$31.95M	$62.87M	$114.74M	$165.69M
Research & Development	$4.87M	$7.36M	$12.16M	$17.44M
Selling, General & Admin	$46.50M	$80.40M	$117.17M	$154.81M
Operating Expenses	$51.70M	$88.88M	$130.72M	$174.19M
Operating Income	-$19.75M	-$26.01M	-$15.98M	-$8.50M
EBITDA	-$19.46M	-$26.02M	-$24.68M	-$6.32M
Pretax Income	-$20.34M	-$27.22M	-$26.45M	-$8.81M
Income Tax	—	—	$0.00	-$740.00K
Net Income	-$20.58M	-$27.50M	-$26.54M	-$8.11M
Diluted EPS	-0.12	-0.15	-0.14	-0.04
Diluted Shares	171.47M	178.13M	191.17M	219.87M

REAX Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$10.85M	$14.71M	$23.38M	$33.21M
Receivables	$1.62M	$6.50M	$14.23M	$26.40M
Current Assets	$28.37M	$50.51M	$72.91M	$105.76M
Total Assets	$43.76M	$64.55M	$86.59M	$126.86M
Current Liabilities	$21.11M	$27.20M	$54.45M	$75.27M
Total Debt	$96.00K	$0.00	—	—
Total Liabilities	$21.35M	$27.46M	$54.45M	$75.28M
Retained Earnings	-$50.70M	-$78.20M	-$104.75M	-$112.85M
Shareholders' Equity	$22.15M	$36.88M	$32.15M	$51.67M
Working Capital	$7.26M	$23.32M	$18.46M	$30.50M

REAX Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$6.00M	$18.98M	$48.73M	$65.93M
Capital Expenditure	-$1.41M	-$629.00K	-$1.04M	-$3.85M
Free Cash Flow	$4.59M	$18.35M	$47.69M	$62.08M
Depreciation & Amortisation	$333.00K	$1.13M	$1.40M	$1.93M
Stock-Based Compensation	$16.20M	$38.40M	$52.92M	$68.15M
Investing Cash Flow	-$9.05M	-$6.63M	$3.81M	-$13.59M
Financing Cash Flow	-$7.85M	-$3.06M	-$33.14M	-$40.25M
Share Repurchases	-$8.06M	-$2.87M	-$36.28M	-$39.36M
Net Change in Cash	-$10.90M	$9.28M	$19.40M	$12.08M

REAX Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$540.75M	$568.55M	$505.14M	$465.55M	$700.58M
Cost of Revenue	$492.89M	$523.69M	$466.11M	$423.40M	$642.32M
Gross Profit	$47.86M	$44.86M	$39.03M	$42.16M	$58.26M
Research & Development	$3.99M	$4.71M	$4.81M	$5.15M	$5.35M
Selling, General & Admin	$41.79M	$40.05M	$38.14M	$39.56M	$47.80M
Operating Expenses	$46.18M	$45.33M	$43.53M	$45.28M	$53.70M
Operating Income	$1.68M	-$473.00K	-$4.50M	-$3.13M	$4.55M
EBITDA	$2.25M	$459.00K	-$4.32M	-$2.75M	-$6.29M
Pretax Income	$1.55M	-$191.00K	-$5.04M	-$3.41M	-$7.47M
Income Tax	$0.00	$89.00K	-$829.00K	$44.00K	$487.00K
Net Income	$1.51M	-$447.00K	-$4.20M	-$3.42M	-$8.02M
Diluted EPS	0.01	0.00	-0.02	-0.02	-0.03
Diluted Shares	233.37M	219.00M	221.31M	223.69M	230.28M

REAX Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$49.61M	$36.43M	$33.21M	$46.02M	$73.82M
Receivables	$26.94M	$30.09M	$26.40M	$34.19M	$44.93M
Current Assets	$129.59M	$124.71M	$105.76M	$136.70M	$194.08M
Total Assets	$149.43M	$145.22M	$126.86M	$156.91M	$213.40M
Current Liabilities	$100.46M	$91.62M	$75.27M	$91.32M	$134.79M
Total Liabilities	$100.46M	$91.62M	$75.28M	$91.33M	$134.80M
Retained Earnings	-$108.20M	-$108.65M	-$112.85M	-$116.27M	-$124.30M
Shareholders' Equity	$49.19M	$53.64M	$51.67M	$65.69M	$78.68M
Working Capital	$29.13M	$33.09M	$30.50M	$45.39M	$59.28M

REAX Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$41.02M	$8.81M	$149.00K	$23.28M	$47.25M
Capital Expenditure	-$255.00K	-$3.15M	-$165.00K	-$238.00K	-$123.00K
Free Cash Flow	$40.76M	$5.66M	-$16.00K	$23.04M	$47.12M
Depreciation & Amortisation	$398.00K	$567.00K	$585.00K	$575.00K	$553.00K
Stock-Based Compensation	$17.80M	$19.91M	$17.73M	$17.00M	$21.80M
Investing Cash Flow	$2.88M	-$17.47M	$2.37M	-$337.00K	$4.06M
Financing Cash Flow	-$2.88M	-$14.82M	-$15.45M	$69.00K	-$5.30M
Share Repurchases	-$2.71M	-$15.47M	-$15.06M	$0.00	$0.00
Net Change in Cash	$41.02M	-$23.48M	-$12.93M	$23.01M	$46.00M

Market Snapshot

About

The Real Brokerage, Inc. is a technology-powered real estate brokerage that provides agents with cloud-based tools, revenue sharing, and equity ownership opportunities. The platform offers lead generation, transaction management, and financial planning software while allowing agents to keep higher commission splits than traditional brokerages.