Q2 2026 Real Matters Inc Earnings Call Transcript
Key Points
- Real Matters Inc (RLLMF) reported a 27% year-over-year increase in consolidated revenues, reaching $47.2 million.
- The company achieved a 35% increase in consolidated net revenue, amounting to $13.6 million.
- Real Matters Inc (RLLMF) launched seven new clients in the second quarter, including a major nonbank servicer in the US Title segment.
- US Appraisal origination transaction volumes increased by 22% year-over-year, demonstrating strong market performance.
- The company posted its strongest consolidated adjusted EBITDA results in seven quarters, with a profit of $0.9 million, a significant improvement from a $1.9 million loss in the prior year quarter.
- US Title segment reported an adjusted EBITDA loss of $400,000, although this was an improvement from the previous year's loss.
- Net revenue margins in the US Appraisal segment decreased by 170 basis points year-over-year due to transaction volume distribution.
- Operating expenses in the US Title segment increased by 12% year-over-year, driven by additional hires and salary increases.
- The Canadian market experienced a decline in mortgage market volumes, impacting revenue growth.
- The company is reaching capacity limits in its title business, necessitating further investment to onboard new clients and scale operations.
Good day, and thank you for standing by. Welcome to the Real Matters second-quarter 2026 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I'd now like to hand the conference over to Lyne Beauregard, Vice President, Investor Relations and Corporate Communications. Please go ahead.
Thank you, operator, and good morning, everyone. Welcome to Real Matters financial results conference call for the second quarter ended March 31, 2026. With me today are Chief Executive Officer, Brian Lang; and Chief Financial Officer, Rodrigo Pinto. This morning, before market open, we issued a news release announcing our results for the three and six months ended March 31, 2026. The release, accompanying slide presentation as well as the financial statements and MD&A are posted in the financial section of our website at realmatters.com.
During the call, we may make certain forward-looking statements,
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