REAX (The Real Brokerage) Total Operating Expense: $180 Mil (TTM As of Mar. 2026)


REAX The Real Brokerage Inc REAX
62 GF Score
Price $1.86
GF Value $6.25
Valuation Significantly Undervalued
! 4 Warning Signs
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What is The Real Brokerage Total Operating Expense?

The Real Brokerage REAX +8.09% 62 Total Operating Expense is $180 Mil as of Mar. 2026. GuruFocus rates REAX with a GF Score™ of 62/100 and a GF Value™ of $6.25 (Significantly Undervalued). The stock has 4 warning signs investors should review.

The Real Brokerage's Total Operating Expense for the three months ended in Mar. 2026 was $45 Mil. The Real Brokerage's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $180 Mil.

The Real Brokerage Total Operating Expense Related Terms

The Real Brokerage Total Operating Expense Historical Data

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The historical data trend for The Real Brokerage's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Real Brokerage Total Operating Expense Chart

The Real Brokerage Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial 22.36 51.70 88.88 130.72 174.19

The Real Brokerage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.15 46.18 45.33 43.53 45.28
REAX
62GF Score
The Real Brokerage Inc REAX
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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The Real Brokerage Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $180 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $180 Mil mean?
The Real Brokerage (REAX) has a Total Operating Expense of $180 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on The Real Brokerage and its competitors.
Is The Real Brokerage's Total Operating Expense too high?
The Real Brokerage's current Total Operating Expense is $180 Mil. Overall, The Real Brokerage has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Real Brokerage's Total Operating Expense compare to RMR and MLP?
The Real Brokerage's Total Operating Expense of $180 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Real Estate company?
A good Total Operating Expense depends on the Real Estate industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on The Real Brokerage and its competitors. The Real Brokerage's current Total Operating Expense is $180 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Real Brokerage stock overvalued right now?
Based on GuruFocus' analysis, The Real Brokerage (REAX) is currently considered Significantly Undervalued. The stock's GF Value™ is $6.25, compared to a current price of $1.86 — trading 70.2% below its estimated fair value. The current Total Operating Expense is $180 Mil. The Real Brokerage's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For The Real Brokerage (REAX), the current Total Operating Expense is $180 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The Real Brokerage (REAX) Overvalued in 2026?

Based on GuruFocus' analysis, The Real Brokerage stock appears to be undervalued. The current stock price of $1.86 is trading 70.2% below its estimated GF Value™ of $6.25. GuruFocus considers The Real Brokerage to be Significantly Undervalued.

Key valuation signals for REAX:

  • Total Operating Expense: $180 Mil
  • GF Value™: $6.25 vs. price of $1.86 (70.2% below fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the REAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

The Real Brokerage Business Description

Other Exchanges 87M:Germany
Address 701 Brickell Avenue, 17th Avenue, Miami, FL, USA, 33131
The Real Brokerage Inc is a technology-powered real estate brokerage firm located in the United States and Canada. It has developed a proprietary transaction management and brokerage operations software called reZEN, which powers nearly all of its brokerage operations, enabling efficiency, automation, and flexibility by incorporating end-to-end transaction management, automated compliance and brokerage oversight, integrated payments and financial services, Leo CoPilot, and open API for customization. In addition, the company also offers mortgage brokering and title services. The company's operating segments are North American Brokerage, which derives key revenue, One Real Title, One Real Mortgage, and Real Wallet. Geographically, it derives key revenue from the United States.
62GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.86
Price
$6.25
GF Value