The Real Brokerage Inc.(REAX)Earnings, Financials & Key Ratios
REAX•NASDAQ•REIT / Real Estate
$2.04
$436M mkt cap·Price updated May 6, 2026
SectorReal EstateIndustryReal Estate ServicesSub-IndustryResidential real estate brokerages and franchises
AboutThe Real Brokerage Inc., together with its subsidiaries, operates as a technology-powered real estate brokerage company. It provides brokerage services for the real estate market through a network of agents. The company offers agents a mobile-focused tech platform to run its business, as well as business terms and wealth-building opportunities. It operates in 42 states in the United States, the District of Columbia, and Canada. The Real Brokerage Inc. is headquartered in Toronto, Canada.Show more
- Revenue$1.97B+55.7%
- FFO-$6M+75.4%
- FFO/Share-0.03+78.6%
- FFO Payout0%
- FFO per Share-0.03+78.6%
- NOI Margin8.32%-8.3%
- FFO Margin-0.31%+84.2%
- ROE-19.36%+74.8%
- ROA-7.59%+78.4%
- Book Value/Share0.23+39.5%
REAX Key Insights
The Real Brokerage Inc. (REAX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FFO growing 75.4% TTM
✗Weaknesses
- ✗Profits declining 12.7% over 5 years
- ✗Weak momentum: RS Rating 9 (bottom 9%)
- ✗Low NOI margin of 8.3%
- ✗Shares diluted 15.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
REAX Price & Volume
The Real Brokerage Inc. (REAX) stock price & volume — 10-year historical chart
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REAX Growth Metrics
The Real Brokerage Inc. (REAX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years160.03%
3 Years72.76%
TTM55.65%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM69.46%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM72.23%
Return on Capital
10 Years-209.43%
5 Years-60.21%
3 Years-59.86%
Last Year-20.29%
REAX Recent Earnings
The Real Brokerage Inc. (REAX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Mar 4, 2026EPS
$0.02
Est $0.03
+33.3%
Revenue
$505M
Est $484M
+4.4%
Q4 2025
Oct 30, 2025EPS
$0.00
Est $0.02
+89.8%
Revenue
$569M
Est $478M
+18.9%
Q3 2025
Aug 7, 2025EPS
$0.01
Est $0.00
+300.0%
Revenue
$541M
Est $534M
+1.3%
Q2 2025
May 8, 2025EPS
$0.02
Est $0.05
+60.0%
Revenue
$354M
Est $489M
-27.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 4, 2026 | $0.02vs $0.03+33.3% | $505Mvs $484M+4.4% |
| Q4 2025 | Oct 30, 2025 | $0.00vs $0.02+89.8% | $569Mvs $478M+18.9% |
| Q3 2025 | Aug 7, 2025 | $0.01vs $0.00+300.0% | $541Mvs $534M+1.3% |
| Q2 2025 | May 8, 2025 | $0.02vs $0.05+60.0% | $354Mvs $489M-27.6% |
Based on last 12 quarters of dataView full earnings history →
REAX Peer Comparison
The Real Brokerage Inc. (REAX) competitors in Residential real estate brokerages and franchises — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 EXPI | 1.01B | 6.28 | -44.86 | 4.48% | -0.48% | -9.36% | 10.78% | |
 HOUS | 1.98B | 17.64 | -15.34 | 0.99% | -2.18% | -8.42% | 1.31% | 1.95 |
 RKT | 1.99B | 14.09 | 67.10 | 34.84% | 0.54% | -1.15% | 1.55 | |
 DOUG | 175.55M | 1.99 | 11.71 | 3.76% | 1.47% | 10.25% | 0.56 | |
 COMP | 4.08B | 7.26 | -72.60 | 23.67% | 0.17% | 1.11% | 4.98% | 0.58 |
 FTHM | 27.88M | 0.87 | -0.81 | -2.91% | -4.7% | -46.07% | 0.42 | |
 LGVN | 19.95M | 0.86 | -0.66 | -49.87% | -18.94% | -199.79% | 0.15 | |
 OPAD | 20.23M | 0.65 | -0.44 | -38.2% | -8.51% | -111.72% | 100% |
Compare REAX vs Peers
The Real Brokerage Inc. (REAX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
REAX Income Statement
The Real Brokerage Inc. (REAX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.44M | 15.75M | 16.56M | 121.68M | 381.76M | 689.16M | 1.26B | 1.97B |
| Revenue Growth % | - | 86.53% | 5.13% | 634.83% | 213.74% | 80.52% | 83.5% | 55.65% |
| Property Operating Expenses | 7.13M | 13.79M | 14.4M | 110.59M | 349.81M | 626.28M | 1.15B | 1.8B |
| Net Operating Income (NOI) | 1.31M▲ 0% | 1.97M▲ 50.0% | 2.15M▲ 9.6% | 11.09M▲ 415.0% | 31.95M▲ 188.0% | 62.87M▲ 96.8% | 114.74M▲ 82.5% | 163.76M▲ 42.7% |
| NOI Margin % | 15.53% | 12.48% | 13.01% | 9.12% | 8.37% | 9.12% | 9.07% | 8.32% |
| Operating Expenses | 113.69K | 3.63M | 4.8M | 22.11M | 51.12M | 88.88M | 139.97M | 172.26M |
| G&A Expenses | 113.69K | 3.4M | 4.75M | 18.38M | 46.83M | 81.52M | 117.17M | 154.81M |
| EBITDA | -76.69K | -1.53M | -2.56M | -10.8M | -18.84M | -24.88M | -23.83M | -6.57M |
| EBITDA Margin % | -0.91% | -9.72% | -15.43% | -8.88% | -4.93% | -3.61% | -1.88% | -0.33% |
| Depreciation & Amortization | 37K | 137K | 91K | 213K | 333K | 1.13M | 1.4M | 1.93M |
| D&A / Revenue % | 0.44% | 0.87% | 0.55% | 0.18% | 0.09% | 0.16% | 0.11% | 0.1% |
| Operating Income | -113.69K▲ 0% | -1.67M▼ 1367.1% | -2.65M▼ 58.6% | -11.02M▼ 316.4% | -19.17M▼ 74.0% | -26.01M▼ 35.7% | -25.23M▲ 3.0% | -8.5M▲ 66.3% |
| Operating Margin % | -1.35% | -10.59% | -15.98% | -9.05% | -5.02% | -3.77% | -1.99% | -0.43% |
| Interest Expense | 0 | 583K | 140K | 101K | 940K | 68K | 1.12M | 554K |
| Interest Coverage | - | -2.86x | -24.86x | -111.54x | -21.06x | -391.49x | -23.22x | -15.34x |
| Non-Operating Income | 2.26M | 0 | 835K | 0 | 49K | 611K | 851K | 0 |
| Pretax Income | -113.77K▲ 0% | -2.25M▼ 1878.5% | -3.62M▼ 60.9% | -11.68M▼ 222.5% | -20.34M▼ 74.1% | -27.22M▼ 33.8% | -26.45M▲ 2.8% | -8.81M▲ 66.7% |
| Pretax Margin % | -1.35% | -14.29% | -21.87% | -9.6% | -5.33% | -3.95% | -2.09% | -0.45% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -740K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8.4% |
| Net Income | -113.77K▲ 0% | -2.83M▼ 2390.9% | -4.46M▼ 57.2% | -12.34M▼ 177.0% | -20.58M▼ 66.7% | -27.5M▼ 33.6% | -26.54M▲ 3.5% | -8.11M▲ 69.5% |
| Net Margin % | -1.35% | -17.99% | -26.91% | -10.14% | -5.39% | -3.99% | -2.1% | -0.41% |
| Net Income Growth % | - | -2390.95% | -57.23% | -176.95% | -66.74% | -33.65% | 3.49% | 69.46% |
| Funds From Operations (FFO) | -76.77K▲ 0% | -2.7M▼ 3413.0% | -4.37M▼ 61.8% | -12.13M▼ 177.8% | -20.24M▼ 66.9% | -26.37M▼ 30.3% | -25.14M▲ 4.7% | -6.18M▲ 75.4% |
| FFO Margin % | -0.91% | -17.12% | -26.36% | -9.97% | -5.3% | -3.83% | -1.99% | -0.31% |
| FFO Growth % | - | -3413% | -61.85% | -177.85% | -66.92% | -30.28% | 4.66% | 75.44% |
| FFO per Share | -0.00 | -0.02 | -0.04 | -0.07 | -0.11 | -0.15 | -0.13 | -0.03 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | -0.00▲ 0% | -0.02▼ 2425.0% | -0.04▼ 116.8% | -0.07▼ 57.5% | -0.12▼ 73.9% | -0.15▼ 25.0% | -0.14▲ 6.7% | -0.04▲ 73.6% |
| EPS Growth % | - | - | -116.83% | -57.53% | -73.91% | -25% | 6.67% | 73.64% |
| EPS (Basic) | -0.00 | -0.02 | -0.04 | -0.07 | -0.12 | -0.15 | -0.14 | -0.04 |
| Diluted Shares Outstanding | 140.1M | 140.1M | 101.85M | 178.97M | 178.2M | 178.13M | 191.17M | 219.87M |
REAX Balance Sheet
The Real Brokerage Inc. (REAX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 357.59K | 408K | 21.91M | 40M | 43.76M | 64.55M | 86.59M | 126.86M |
| Asset Growth % | - | 14.1% | 5269.36% | 82.58% | 9.41% | 47.5% | 34.16% | 46.5% |
| Real Estate & Other Assets | 0 | -213K | -207K | 0 | -15.39M | 0 | 0 | 0 |
| PP&E (Net) | 350K | 213K | 207K | 279K | 1.42M | 1.6M | 2.12M | 2.46M |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
| Total Current Assets | 357.59K | 195K | 21.7M | 38.66M | 28.37M | 50.51M | 72.91M | 105.76M |
| Cash & Equivalents | 357.59K | 53K | 21.23M | 29.08M | 10.85M | 14.71M | 23.38M | 59.55M |
| Receivables | 276K | 66K | 338K | 277K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 246K | 43K | 47K | 3.31M | 7.48M | 12.95M | 24.09M | 3.08M |
| Intangible Assets | 0 | 0 | 0 | 451K | 3.71M | 3.44M | 2.58M | 4.16M |
| Total Liabilities | 14.09K | 12.35M | 1.11M | 12.99M | 21.35M | 27.46M | 54.45M | 75.28M |
| Total Debt | 10.97M | 11.97M | 215K | 131K | 96K | 0 | 0 | 0 |
| Net Debt | 10.61M | 11.92M | -21.01M | -28.95M | -10.75M | -14.71M | -23.38M | -59.55M |
| Long-Term Debt | 10.75M | 11.75M | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 342K | 222K | 215K | 131K | 96K | 0 | 0 | 0 |
| Total Current Liabilities | 14.09K | 498K | 964K | 12.31M | 21.11M | 27.2M | 54.45M | 75.27M |
| Accounts Payable | 352K | 336K | 815K | 54K | 474K | 571K | 1.37M | 1.16M |
| Deferred Revenue | 0 | 0 | 0 | 3.31M | 7.48M | 0 | 24.09M | 0 |
| Other Liabilities | 0 | 0 | 15K | 2.91M | 242K | 269K | 0 | 0 |
| Total Equity | 343.5K▲ 0% | -11.94M▼ 3575.9% | 20.8M▲ 274.2% | 27M▲ 29.8% | 22.41M▼ 17.0% | 37.08M▲ 65.4% | 32.14M▼ 13.3% | 51.59M▲ 60.5% |
| Equity Growth % | - | -3575.93% | 274.19% | 29.84% | -16.99% | 65.44% | -13.32% | 60.49% |
| Shareholders Equity | 343.5K | -11.94M | 5.98M | 27M | 22.15M | 36.88M | 32.15M | 51.67M |
| Minority Interest | 0 | 0 | 14.82M | 0 | 263K | 209K | -3K | -90K |
| Common Stock | 380.71K | 400.98K | 0 | 0 | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 78K | 1.26M | 21.67M | 63.4M | 63.2M | 62.57M | 138.64M | 164.21M |
| Retained Earnings | -107.97K | -14.83M | -18.45M | -30.13M | -50.7M | -78.2M | -104.75M | -112.85M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -31.82% | -740.34% | -39.94% | -39.87% | -49.13% | -50.78% | -35.12% | -7.59% |
| Return on Equity (ROE) | -33.12% | - | -100.61% | -51.63% | -83.28% | -92.44% | -76.68% | -19.36% |
| Debt / Assets | 3067.75% | 2934.31% | 0.98% | 0.33% | 0.22% | - | - | - |
| Debt / Equity | 31.94x | - | 0.01x | 0.00x | 0.00x | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - |
| Book Value per Share | 0.00 | -0.09 | 0.20 | 0.15 | 0.13 | 0.21 | 0.17 | 0.23 |
REAX Cash Flow Statement
The Real Brokerage Inc. (REAX) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -2.55M | -1.32M | -1.6M | 3.94M | 6M | 19.87M | 48.73M | 65.93M |
| Operating CF Growth % | - | 48.06% | -21.07% | 345.91% | 52.08% | 231.49% | 145.21% | 35.29% |
| Operating CF / Revenue % | -30.19% | -8.41% | -9.68% | 3.24% | 1.57% | 2.88% | 3.85% | 3.35% |
| Net Income | -2.52M | -2.25M | -3.62M | -12.03M | -20.34M | -27.5M | -26.54M | -8.11M |
| Depreciation & Amortization | 147K | 137K | 91K | 213K | 333K | 1.13M | 1.4M | 1.93M |
| Stock-Based Compensation | -25K | 488K | 1.14M | 4.03M | 16.2M | 38.4M | 52.92M | 0 |
| Other Non-Cash Items | 107K | -31K | 599K | 694K | 167K | 1.1M | 1.06M | 68M |
| Working Capital Changes | -254K | 333K | 190K | 11.03M | 9.63M | 6.74M | 19.9M | 5.02M |
| Cash from Investing | -1K | -3K | -16K | -10.21M | -9.05M | -6.63M | 3.81M | -13.59M |
| Acquisitions (Net) | 0 | 0 | 0 | -1.1M | -8.28M | 6M | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | -8.94M | -125K | -6.85M | -1.69M | -18.3M |
| Sale of Investments | 0 | 0 | 0 | 1.1M | 125K | 847K | 6.55M | 8.56M |
| Other Investing | -1K | -3K | 0 | -1.1M | 637K | -6M | 0 | 0 |
| Cash from Financing | 413.41K | 880K | 22.93M | 13.95M | -7.85M | -3.96M | -33.14M | -40.25M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | -120K | -120K | 123K | 0 | -35K | -96K | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -12.64M | -8.06M | -2.87M | -36.28M | -39.36M |
| Other Financing | 1.33M | 0 | 20.72M | -84K | 246K | -999K | 3.14M | -3.05M |
| Net Change in Cash | 416.81K▲ 0% | -432K▼ 203.6% | 21.17M▲ 5001.2% | 7.86M▼ 62.9% | -10.8M▼ 237.5% | 9.33M▲ 186.4% | 19.81M▲ 112.4% | 12.09M▼ 39.0% |
| Exchange Rate Effect | 41K | 15K | -141K | 171K | 100K | 44K | 410K | 2K |
| Cash at Beginning | -59.22K | 485K | 53K | 21.23M | 29.13M | 18.33M | 27.66M | 47.47M |
| Cash at End | 357.59K | 53K | 21.23M | 29.08M | 18.33M | 27.66M | 47.47M | 59.55M |
| Free Cash Flow | -36.6K▲ 0% | -1.32M▼ 3517.2% | -1.62M▼ 22.3% | 3.77M▲ 332.9% | 4.59M▲ 21.7% | 19.24M▲ 319.5% | 47.69M▲ 147.8% | 64.83M▲ 35.9% |
| FCF Growth % | - | -3517.19% | -22.28% | 332.86% | 21.67% | 319.53% | 147.8% | 35.94% |
| FCF / Revenue % | -0.43% | -8.41% | -9.78% | 3.1% | 1.2% | 2.79% | 3.77% | 3.29% |
REAX Key Ratios
The Real Brokerage Inc. (REAX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| FFO per Share | -0 | -0.02 | -0.04 | -0.07 | -0.11 | -0.15 | -0.13 | -0.03 |
| FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| NOI Margin | 15.53% | 12.48% | 13.01% | 9.12% | 8.37% | 9.12% | 9.07% | 8.32% |
| Debt / Assets | 3067.75% | 2934.31% | 0.98% | 0.33% | 0.22% | - | - | - |
| Interest Coverage | - | -2.86x | -24.86x | -111.54x | -21.06x | -391.49x | -23.22x | -15.34x |
| Book Value / Share | 0 | -0.09 | 0.2 | 0.15 | 0.13 | 0.21 | 0.17 | 0.23 |
| Revenue Growth | - | 86.53% | 5.13% | 634.83% | 213.74% | 80.52% | 83.5% | 55.65% |
REAX Frequently Asked Questions
The Real Brokerage Inc. (REAX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
The Real Brokerage Inc. (REAX) reported $1.97B in revenue for fiscal year 2025. This represents a 23211% increase from $8.4M in 2018.
The Real Brokerage Inc. (REAX) grew revenue by 55.7% over the past year. This is strong growth.
The Real Brokerage Inc. (REAX) reported a net loss of $8.1M for fiscal year 2025.
Dividend & Returns
The Real Brokerage Inc. (REAX) has a return on equity (ROE) of -19.4%. Negative ROE indicates the company is unprofitable.
Industry Metrics
The Real Brokerage Inc. (REAX) generated Funds From Operations (FFO) of $-6.2M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Explore More REAX
The Real Brokerage Inc. (REAX) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates