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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 Begins May With More Than 17,000 Agents Following Another Strong Growth Month
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Real begins May with more than 17,000 agents following another strong growth month, when top teams from coast to coast joined the brokerage.
Nation's Largest Minority and Woman-Owned Brokerage Joins Real
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--With $665 million in 2023 home sales, Village Premier Collection, the nation's largest minority and woman-owned brokerage, joins Real.
Real Opens Investor Q&A Portal Ahead of First Quarter 2024 Financial Results
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, today announced the opening of its shareholder Q&A platform to be used for its upcoming conference call to discuss the financial results for...
Real Increases Its Presence in Chicago and Surrounding States With the Addition of Qamar Group
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Qamar Group brings 36 agents serving Chicago and its suburbs, Michigan and Wisconsin, to the rapidly expanding Real Brokerage.
Real Brokerage Agent Survey Reflects Continued Optimism Ahead of Anticipated Industry Changes
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX, “Real”), the fastest-growing, publicly traded real estate brokerage, today announced results from its March 2024 Agent Survey, offering insights into housing market trends and real estate agent expectations across the...
Jodi Nishimura, One of the East Bay's Top Agents, Brings Her Well-Known Boutique Brand to Real
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Jodi Nishimura, who ranks in the top 1% of agents serving California's East Bay, has brought her boutique brand, Kai Real Estate, to Real.
The Real Brokerage to Host First Quarter 2024 Earnings Conference Call
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX), the fastest growing, publicly traded real estate brokerage, will release its financial results for the first quarter ended March 31, 2024, on Tuesday, May 7, 2024, before the market open....
The Real Brokerage Inc. Announces Settlement Agreement in Class Action Litigation
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX, “Real” or the “Company”) today announced that it has entered into a settlement agreement to resolve the pending class action litigation, Umpa v. NAR, 4:23-cv-00945 (W.D. Mo.), on a nationwide...
Real's Entrepreneurial-Centric Model Continues to Attract Top Producers From Across North America
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Real's entrepreneurial-centric model continues to attract top producers drawn to the company's strong culture and the flexibility of its platform.
No. 1 Ranked Real Estate Team in Pennsylvania Moves to Real
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--The Jon Campbell Team, ranked as RealTrends' No. 1 Mega team in Pennsylvania and the No. 7 Mega Team by Sides in the U.S. in 2022, has joined Real.
Source: https://incomestatements.info
Category: Stock Reports