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 |
Real July Agent Survey Shows Dip in Agent Optimism as Industry Prepares for Change
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 July 2024 Agent Survey. The survey revealed a modest decline in agent...
What Makes The Real Brokerage (REAX) a Good Fit for 'Trend Investing'
The Real Brokerage (REAX) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price...
Real to Present at Oppenheimer's 27th Annual Technology, Internet & Communications Conference
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX) ("Real" or the "Company"), a technology platform reshaping real estate for agents, home buyers and sellers, today announced that its Chairman and Chief Executive Officer, Tamir Poleg, will present at...
The Real Brokerage Inc. (REAX) Q2 2024 Earnings Call Transcript
The Real Brokerage Inc. (NASDAQ:REAX ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Ravi Jani - Vice President of Investor Relations & Financial Planning & Analysis Tamir Poleg - Chairman & Chief Executive Officer...
The Real Brokerage Inc. (REAX) Reports Q2 Loss, Tops Revenue Estimates
The Real Brokerage Inc. (REAX) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.02 per share a year ago.
The Real Brokerage Inc. Announces Second Quarter 2024 Financial Results
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX) (“Real” or the "Company"), a technology platform reshaping real estate for agents, home buyers and sellers, announced today financial results for the second quarter ended June 30, 2024. “Real achieved...
Real Opens Investor Q&A Portal Ahead of Second Quarter 2024 Financial Results
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX) (“Real” or the "Company"), a technology platform reshaping real estate for agents, home buyers and sellers, today announced the opening of its shareholder Q&A platform to be used for its...
The Real Brokerage (REAX) Surges 5.9%: Is This an Indication of Further Gains?
The Real Brokerage (REAX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Real May Agent Survey Reveals Shifting Market Dynamics Amid Continued Affordability Challenges
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX, “Real”), the fastest-growing, publicly traded real estate brokerage, today released results from its May 2024 Agent Survey. The survey indicates agents' continued optimism despite a predicted decline in North American...
Real Launches Real Partners to Empower Agents With Industry-Leading Tools and Services for Increased Competitive Advantage
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Real launches Real Partners, a curated suite of leading vendors, to empower agents with tools and services for increased competitive advantage.
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