REAX
The Real Brokerage Inc.
NASDAQ · Real Estate · Real Estate - Services · CA
$18.67
+1.47%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 2.2B | 2.0B | 1.3B | 689.2M | 381.8M |
| Cost of Revenue | 2.1B | 1.8B | 1.1B | 626.3M | 349.8M |
| Gross Profit | 184.3M | 163.8M | 114.7M | 62.9M | 31.9M |
| Operating Expenses | |||||
| R&D Expense | 20.0M | 17.4M | 12.2M | 7.4M | 4.9M |
| SG&A Expense | 165.6M | 154.8M | 117.2M | 81.5M | 46.8M |
| General & Admin Expense | 94.1M | 89.0M | 70.8M | 42.9M | 24.2M |
| Selling & Marketing Expense | 71.4M | 65.8M | 46.3M | 38.6M | 22.7M |
| Other Expenses | 2.3M | — | 10.6M | 1.1M | (578.0K) |
| Total Operating Expenses | 187.8M | 172.3M | 140.0M | 88.9M | 51.1M |
| Cost and Expenses | 2.2B | 2.0B | 1.3B | 715.2M | 400.9M |
| Operating Income (EBIT) | (3.5M) | (8.5M) | (25.2M) | (26.0M) | (19.2M) |
| Non-Operating | |||||
| Interest Income | — | — | — | — | — |
| Interest Expense | 937.0K | 554.0K | 1.1M | 68.0K | 940.0K |
| Net Interest Income | (937.0K) | (554.0K) | (1.1M) | (68.0K) | (940.0K) |
| Other Non-Op Income/Expense | (12.6M) | (309.0K) | (1.2M) | (1.2M) | (589.0K) |
| Non-Operating Income (excl Interest) | 11.6M | — | 851.0K | 611.0K | 49.0K |
| EBT (Pre-Tax Income) | (16.1M) | (8.8M) | (26.5M) | (27.2M) | (20.3M) |
| Income Tax Expense | (209.0K) | (740.0K) | — | — | — |
| Bottom Line | |||||
| Net Income | (16.1M) | (8.1M) | (26.5M) | (27.5M) | (20.6M) |
| Earnings from Cont. Ops | (15.9M) | (8.1M) | (26.5M) | (27.2M) | (20.3M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (16.1M) | (8.1M) | (26.5M) | (27.5M) | (20.6M) |
| Per Share | |||||
| Basic EPS | ($0.66) | ($0.37) | ($1.40) | ($1.50) | ($1.20) |
| Diluted EPS | ($0.66) | ($0.37) | ($1.40) | ($1.50) | ($1.20) |
| Revenue Per Share | $97.27 | $89.53 | $66.15 | $38.69 | $21.42 |
| Shares | |||||
| Basic Shares Outstanding | 23.0M | 22.0M | 19.1M | 17.8M | 17.8M |
| Diluted Shares Outstanding | 23.0M | 22.0M | 19.1M | 17.8M | 17.8M |
| Profitability Metrics | |||||
| EBITDA | (12.9M) | (6.6M) | (24.7M) | (25.5M) | (19.6M) |
| D&A | 2.3M | 1.9M | 1.4M | 1.1M | 333.0K |
| EBIT | (15.2M) | (8.5M) | (26.1M) | (26.6M) | (19.8M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026