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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 |
The Real Brokerage Reveals Winners of its Annual Individual and Team Awards
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Real used its annual conference to recognize its culture carriers and top-performing professionals and to launch One Real Impact charitable fund.
The Real Brokerage Inc. (REAX) Q3 2023 Earnings Call Transcript
The Real Brokerage Inc. (NASDAQ:REAX ) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Ravi Jani - Vice President, Investor Relations and Financial Planning & Analysis Tamir Poleg - Co Founder, Chairman & CEO Michelle...
The Real Brokerage to Present at Upcoming Investor Conferences
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that its Chairman and Chief Executive Officer, Tamir Poleg, will present at the following investor conferences: Stephens Annual Investment Conference:...
The Real Brokerage Inc. Announces Third Quarter 2023 Financial Results
TORONTO & NEW YORK--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, this morning announced results for its third quarter ended September 30, 2023. “The third quarter marks another significant achievement for Real. We generated...
The Real Brokerage to Host Third Quarter 2023 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 third quarter 2023 financial results on Thursday, November 9, 2023, before market open. The Company will subsequently hold a...
Giving Agents Financial Freedom Takes Center Stage at the Real RISE 2023 Conference
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--The Real Brokerage makes four significant announcements designed to help its 12,000+ agents better secure their financial futures.
The Real Brokerage Announces New Brand Positioning; Game-Changing Marketing Tools For Its Agents
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Real unveils new brand positioning as "the real estate experience company" focused on creating a better consumer experience with agents at the center.
The Real Brokerage Annual Conference to Focus on Innovation, Delivering an End-to-End Consumer Solution
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--At Real's annual signature conference, the brokerage will announce innovation-focused efforts to simplify the real estate transaction experience.
The Real Brokerage Inc. Names Christian Wallace Chief of Integrated Home Services
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Former Rocket Homes, Better.com and Opendoor executive Christian Wallace joins The Real Brokerage as Chief of Integrated Home Services.
Legends Real Estate Joins The Real Brokerage
TORONTO & NEW YORK--(BUSINESS WIRE)---- $REAX #therealbrokerage--Sacramento-based Legends Real Estate, led by John Pope, joins The Real Brokerage, expanding Real's presence in Northern California.
Source: https://incomestatements.info
Category: Stock Reports