The Real Brokerage Inc (FRA:87M)

Q3 2025 Real Brokerage Inc Earnings Call Transcript

Oct 30, 2025 / 12:00 PM GMT

Release Date Price: €3.02 (-5.63%)

Transcript

Key Points

Positve

The Real Brokerage Inc (REAX) reported a 53% increase in revenue to $569 million for Q3 2025, showcasing strong financial growth.
The company achieved a 54% improvement in adjusted EBITDA, reaching $20.4 million, indicating enhanced profitability.
Agent base expanded significantly, surpassing 30,000 agents for the first time, reflecting successful recruitment and retention strategies.
RealWallet, the company's financial technology platform, has scaled quickly with over 4,600 agents using business checking accounts, contributing to over $1 million in annualized revenue.
The company is leveraging AI and automation to streamline operations, saving over 10,000 hours annually and improving service metrics.

Negative

Gross margin decreased from 8.6% to 7.9% year over year, primarily due to a higher proportion of transactions completed by agents who have reached their annual cap.
Operating expenses increased by 31% to $45.3 million, driven by revenue share expenses and investments in growth.
The company reported a net loss of approximately $0.3 million, indicating challenges in achieving net profitability.
The shift from team-based to state-based joint ventures in the title business created headwinds, impacting revenue growth in that segment.
The company anticipates a decline in Q4 revenue compared to Q3, consistent with typical industry seasonality, which may affect short-term financial performance.

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

REAX.OQ - Real Brokerage Inc
Q3 2025 Real Brokerage Inc Earnings Call
Oct 30, 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 3rd quarter earnings call. At this time, all participants have been placed on listen-only modes, and we will open the floor for your questions and comments after the presentation. I will now turn the call over to Ms. Alex Lumpkin, Chief Legal Officer at the wheel Brokerage. Alex, 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 3rd quarter ended September 30, 2025. We

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