The Real Brokerage Inc (FRA:87M)

Q2 2025 Real Brokerage Inc Earnings Call Transcript

Aug 7, 2025 / 12:00 PM GMT

Release Date Price: €3.76 (+13.25%)

Transcript

Key Points

Positve

The Real Brokerage Inc (REAX) reported a 59% increase in revenue year-over-year, reaching $541 million, driven by a 62% increase in closed transactions.
The company achieved its first-ever quarter of positive operating income at $1.7 million and positive net income of $1.6 million.
Agent count increased by 43% year-over-year, with the company ending the quarter with over 28,000 agents.
The ancillary business lines, including One Real Mortgage and Real Wallet, grew by a combined 50%, contributing to higher gross profit margins.
The acquisition of Flyhome's AI-powered consumer home search portal is expected to enhance the company's technology offerings and consumer experience.

Negative

Gross margin decreased slightly to 8.9% from 9.4% in the prior year, due to a higher share of revenue from capped agents.
Operating expenses increased by 42% year-over-year, driven by revenue share expenses and investments in operations and R&D.
The company anticipates a sequential decline in revenue in the third quarter due to typical industry seasonality.
The transition to state-based joint ventures in the title business led to a temporary deceleration in revenue growth.
The company faces challenges in retaining non-productive agents, with over 1,500 agents offboarded in the second quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

REAX.OQ - Real Brokerage Inc
Q2 2025 Real Brokerage Inc Earnings Call
Aug 07, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to the Real Brokerage 2nd quarter earnings call.

At this time, all participants are placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation.

I will now turn the call over to Miss Alex Lumpkin, Chief Legal Officer at the Real Brokerage, ma'am, the floor is yours.

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Unidentified_2 [2]
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Thanks and good morning.

Thank you for standing by and welcome to the Real Brokerage conference call and webcast for the second quarter ended June

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