REAX
Real Brokerage Inc
NASDAQ: REAX · REAL ESTATE · REAL ESTATE SERVICES
$2.15
-3.15% today
Updated 2026-04-29
Market cap
$431.27M
P/E ratio
—
P/S ratio
0.22x
EPS (TTM)
$-0.04
Dividend yield
—
52W range
$2 – $5
Volume
2.0M
Real Brokerage Inc (REAX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.44M | $15.75M | $16.56M | $121.68M | $381.76M | $689.16M | $1.26B | $1.97B |
| Revenue growth (YoY) | — | +86.5% | +5.1% | +634.8% | +213.7% | +80.5% | +83.5% | +55.7% |
| Cost of revenue | $7.13M | $13.79M | $14.40M | $110.59M | $349.81M | $626.28M | $1.15B | $1.80B |
| Gross profit | $1.31M | $1.97M | $2.15M | $11.09M | $31.95M | $62.87M | $114.74M | $163.76M |
| Gross margin | 15.5% | 12.5% | 13.0% | 9.1% | 8.4% | 9.1% | 9.1% | 8.3% |
| R&D | $607000.00 | $234000.00 | $223000.00 | $3.98M | $4.87M | $7.36M | $12.16M | $17.44M |
| SG&A | $2.33M | $2.85M | $4.03M | $10.57M | $24.16M | $42.91M | $70.84M | $89.00M |
| Operating income | $-113690.00 | $-1.67M | $-2.65M | $-11.02M | $-19.17M | $-26.01M | $-25.23M | $-8.50M |
| Operating margin | -1.3% | -10.6% | -16.0% | -9.1% | -5.0% | -3.8% | -2.0% | -0.4% |
| EBITDA | $-113689.00 | $-1.53M | $-3.39M | $-11.05M | $-19.55M | $-25.49M | $-24.68M | $-6.57M |
| EBITDA margin | -1.3% | -9.7% | -20.5% | -9.1% | -5.1% | -3.7% | -2.0% | -0.3% |
| EBIT | $-150689.00 | $-1.67M | $-3.48M | $-11.27M | $-19.89M | $-26.62M | $-26.08M | $-8.50M |
| Interest expense | $0.00 | $583000.00 | $140000.00 | $101000.00 | $940000.00 | $68000.00 | $1.12M | $554000.00 |
| Income tax | $-37000.00 | $583000.00 | $835000.00 | $662000.00 | $242000.00 | $1000.00 | — | — |
| Effective tax rate | 24.5% | -25.9% | -23.1% | -5.7% | -1.2% | -0.0% | 0.0% | 0.0% |
| Net income | $-113772.00 | $-2.83M | $-4.46M | $-12.34M | $-20.58M | $-27.50M | $-26.54M | $-8.11M |
| Net income growth (YoY) | — | -2390.9% | -57.2% | -177.0% | -66.7% | -33.6% | +3.5% | +69.5% |
| Profit margin | -1.3% | -18.0% | -26.9% | -10.1% | -5.4% | -4.0% | -2.1% | -0.4% |