Real Brokerage Financials
This page shows Real Brokerage (REAX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Real Brokerage does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Real Brokerage passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Real Brokerage reported a net loss of $8.1M while generating $65.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Real Brokerage's EBITDA was -$7.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 69.3% from the prior year.
Real Brokerage reported -$8.1M in net income in fiscal year 2025. This represents an increase of 69.5% from the prior year.
Real Brokerage earned -$0.04 per diluted share (EPS) in fiscal year 2025. This represents an increase of 71.4% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Real Brokerage generated $64.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 35.9% from the prior year.
Real Brokerage held $33.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Real Brokerage's ROE was -15.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 66.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Real Brokerage invested $17.4M in research and development in fiscal year 2025. This represents an increase of 43.5% from the prior year.
Real Brokerage spent $39.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 8.5% from the prior year.
Real Brokerage invested $1.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.3% from the prior year.
REAX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Gross Profit | $165.7M+44.4% | $114.7M+82.5% | $62.9M |
| R&D Expenses | $17.4M+43.5% | $12.2M+65.2% | $7.4M |
| SG&A Expenses | $74.4M+21.7% | $61.1M+42.3% | $42.9M |
| Operating Income | -$9.2M+63.3% | -$25.2M+3.0% | -$26.0M |
| Income Tax | -$740K | N/A | N/A |
| Net Income | -$8.1M+69.5% | -$26.5M+3.5% | -$27.5M |
| EPS (Diluted) | -$0.04+71.4% | -$0.14+6.7% | -$0.15 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Interest Expense.
REAX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | $126.9M+46.5% | $86.6M+34.2% | $64.5M |
| Current Assets | $105.8M+45.1% | $72.9M+44.3% | $50.5M |
| Cash & Equivalents | $33.2M+42.1% | $23.4M+58.9% | $14.7M |
| Accounts Receivable | $20.2M+41.7% | $14.2M+121.0% | $6.4M |
| Goodwill | $9.0M0.0% | $9.0M0.0% | $9.0M |
| Total Liabilities | $75.3M+38.2% | $54.5M+98.3% | $27.5M |
| Current Liabilities | $75.3M+38.2% | $54.5M+100.2% | $27.2M |
| Total Equity | $51.7M+60.8% | $32.1M-12.8% | $36.9M |
| Retained Earnings | -$112.9M-7.7% | -$104.7M-33.9% | -$78.2M |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
REAX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Operating Cash Flow | $65.9M+35.3% | $48.7M+156.8% | $19.0M |
| Capital Expenditures | $1.1M+5.3% | $1.0M+66.1% | $629K |
| Free Cash Flow | $64.8M+35.9% | $47.7M+159.9% | $18.3M |
| Investing Cash Flow | -$13.6M-456.9% | $3.8M+157.5% | -$6.6M |
| Financing Cash Flow | -$40.2M-21.4% | -$33.1M-981.6% | -$3.1M |
| Share Buybacks | $39.4M+8.5% | $36.3M | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
REAX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Return on Equity | -15.7%+66.9pp | -82.6%-8.0pp | -74.6% |
| Return on Assets | -6.4%+24.3pp | -30.6%+12.0pp | -42.6% |
| Current Ratio | 1.41+0.1x | 1.34-0.5x | 1.86 |
| Debt-to-Equity | 1.46-0.2x | 1.69+0.9x | 0.74 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
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Where Real Brokerage Ranks
Frequently Asked Questions
Is Real Brokerage profitable?
No, Real Brokerage (REAX) reported a net income of -$8.1M in fiscal year 2025.
What is Real Brokerage's EBITDA?
Real Brokerage (REAX) had EBITDA of -$7.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Real Brokerage's return on equity (ROE)?
Real Brokerage (REAX) has a return on equity of -15.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Real Brokerage's free cash flow?
Real Brokerage (REAX) generated $64.8M in free cash flow during fiscal year 2025. This represents a 35.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Real Brokerage's operating cash flow?
Real Brokerage (REAX) generated $65.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Real Brokerage's total assets?
Real Brokerage (REAX) had $126.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Real Brokerage's capital expenditures?
Real Brokerage (REAX) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Real Brokerage spend on research and development?
Real Brokerage (REAX) invested $17.4M in research and development during fiscal year 2025.
What is Real Brokerage's current ratio?
Real Brokerage (REAX) had a current ratio of 1.41 as of fiscal year 2025, which is considered adequate.
What is Real Brokerage's debt-to-equity ratio?
Real Brokerage (REAX) had a debt-to-equity ratio of 1.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Real Brokerage's return on assets (ROA)?
Real Brokerage (REAX) had a return on assets of -6.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Real Brokerage's Piotroski F-Score?
Real Brokerage (REAX) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Real Brokerage's earnings high quality?
Real Brokerage (REAX) reported a net loss of $8.1M while generating $65.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.