The Real Brokerage Inc (FRA:87M)

Q4 2025 Real Brokerage Inc Earnings Call Transcript

Mar 4, 2026 / 01:00 PM GMT

Release Date Price: €2.32 (+5.45%)

Transcript

Key Points

Positve

The Real Brokerage Inc (REAX) achieved a 44% increase in revenue for Q4 2025, reaching $505 million.
Gross profit increased by 30% year-over-year to $39 million in Q4 2025.
The company reported a positive adjusted EBITDA of $14.2 million, marking a 56% year-over-year increase.
Agent count grew by 31% year-over-year, reaching over 33,000 agents on the platform.
The company maintained a debt-free balance sheet with $50 million in liquidity and returned $39 million to shareholders through buybacks.

Negative

Net loss for Q4 2025 was $4.2 million, despite improvements from the previous year.
Gross margin decreased to 7.7% in Q4 2025 from 8.6% in the prior year period.
Operating expenses grew by 22% in Q4 2025, reaching $44 million.
The company faced a $750,000 expense related to settling a class action lawsuit.
Q1 2026 is expected to see a decline in revenue, operating loss, and adjusted EBITDA due to unseasonably slow market conditions.

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

REAX.OQ - Real Brokerage Inc
Q4 2025 Real Brokerage Inc Earnings Call
Mar 04, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day everyone and welcome to the Real Brokerage Fourth quarter and full year into December 31, 2025 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.

It is now my pleasure to hand the floor over to your host, 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

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