See more : Media Chinese International Limited (0685.HK) Income Statement Analysis – Financial Results
Complete financial analysis of The Real Brokerage Inc. (REAX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Real Brokerage Inc., a leading company in the Real Estate – Services industry within the Real Estate sector.
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The Real Brokerage Inc. (REAX)
About The Real Brokerage Inc.
The 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 689.16M | 381.76M | 121.68M | 16.56M | 15.75M | 8.44M |
| Cost of Revenue | 626.29M | 349.81M | 110.59M | 14.41M | 13.79M | 7.13M |
| Gross Profit | 62.87M | 31.95M | 11.09M | 2.15M | 1.97M | 1.31M |
| Gross Profit Ratio | 9.12% | 8.37% | 9.12% | 13.01% | 12.48% | 15.53% |
| Research & Development | 7.36M | 4.87M | 3.98M | 223.00K | 234.00K | 607.00K |
| General & Administrative | 42.91M | 24.16M | 10.57M | 4.03M | 2.85M | 2.33M |
| Selling & Marketing | 38.61M | 22.67M | 7.81M | 717.00K | 555.00K | 744.00K |
| SG&A | 81.52M | 46.83M | 18.38M | 4.75M | 3.40M | 113.69K |
| Other Expenses | 0.00 | -578.00K | -249.00K | -168.00K | 0.00 | 0.00 |
| Operating Expenses | 88.88M | 51.12M | 22.11M | 4.80M | 3.63M | 113.69K |
| Cost & Expenses | 715.17M | 400.92M | 132.70M | 19.21M | 17.42M | 113.69K |
| Interest Income | 0.00 | 540.00K | 13.00K | 142.00K | 583.00K | 151.00K |
| Interest Expense | 68.00K | 1.17M | 662.00K | 140.00K | 583.00K | 0.00 |
| Depreciation & Amortization | 1.13M | 333.00K | 213.00K | 91.00K | 137.00K | 37.00K |
| EBITDA | -25.49M | -19.55M | -11.05M | -3.39M | -1.53M | -113.69K |
| EBITDA Ratio | -3.70% | -4.93% | -8.88% | -15.43% | -9.72% | -1.35% |
| Operating Income | -26.01M | -19.17M | -11.02M | -2.65M | -1.67M | -113.69K |
| Operating Income Ratio | -3.77% | -5.02% | -9.05% | -15.98% | -10.59% | -1.35% |
| Total Other Income/Expenses | -1.21M | -589.00K | -413.00K | -975.00K | -583.00K | -83.00 |
| Income Before Tax | -27.22M | -20.34M | -11.68M | -3.62M | -2.25M | -113.77K |
| Income Before Tax Ratio | -3.95% | -5.33% | -9.60% | -21.87% | -14.29% | -1.35% |
| Income Tax Expense | 1.00K | 242.00K | 662.00K | 835.00K | 583.00K | -37.00K |
| Net Income | -27.50M | -20.58M | -12.34M | -4.46M | -2.83M | -113.77K |
| Net Income Ratio | -3.99% | -5.39% | -10.14% | -26.91% | -17.99% | -1.35% |
| EPS | -0.15 | -0.12 | -0.29 | -0.04 | -0.07 | -0.01 |
| EPS Diluted | -0.15 | -0.12 | -0.29 | -0.04 | -0.07 | -0.01 |
| Weighted Avg Shares Out | 178.13M | 178.20M | 42.62M | 101.85M | 41.80M | 7.93M |
| Weighted Avg Shares Out (Dil) | 178.13M | 178.20M | 42.62M | 101.85M | 41.80M | 7.93M |
Industry Veteran Joe Ballarino Brings 400 Agents to Real
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Top-producing Amerivest Realty, led by industry veteran Joe Ballarino, brings 400 agents across Florida, Colorado, Minnesota and Wisconsin to Real.
Real Announces Winners of Its Inaugural Agent Brand Awards
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Real celebrates outstanding agent and team marketing across social media, websites, and signage with their inaugural Agent Brand Awards.
Real September Agent Survey Reveals Uptick in Agent Optimism Despite Mortgage Rate and Election Uncertainty
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX, “Real”), a technology platform reshaping real estate for agents, home buyers and sellers, today released results from its September 2024 Agent Survey. With responses from agents across North America, the...
Real Unveils Real Wallet: Empowering Agents with Exceptional Financial Flexibility
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Real launches Real Wallet, a financial platform for agents that integrates earnings, revenue share and equity into a single, seamless platform.
Real Transforms Agent and Client Interactions With AI-Powered Virtual Concierge Leo
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Real unveils Leo CoPilot, an enhancement of its AI-powered virtual assistant that will now proactively share content and build collateral for agents.
The Real Brokerage to Unveil AI-Powered Industry Firsts and Agent-Centric Innovations at Sold-Out RISE 2024 Conference
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Real will unveil AI-powered industry firsts and agent-centric innovations at sold-out RISE 2024, its third annual conference, which kicks off today.
Addition of the Grant Johnson Group Pushes Real Past the 22,000-Agent Mark
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--With the addition of the 55-agent Grant Johnson Group out of the St. Paul/Minneapolis area, Real pushes past the 22,000-agent mark.
The Real Brokerage to Host Third Quarter 2024 Earnings Conference Call
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, will release its financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024,...
Real August Agent Survey Reveals Stability Amid NAR Settlement-Related Practice Changes
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX, “Real”), a technology platform reshaping real estate for agents, home buyers and sellers, today released results from its August 2024 Agent Survey, including early insights into the impact of the...
Duane Richins Brings His Top-Producing RealD2D Team and Highly Effective Sales Approach to Real
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Duane Richins brings his top-producing RealD2D team and highly effective sales approach to Real, adding 40 agents across 13 states.
Source: https://incomestatements.info
Category: Stock Reports