REAX (The Real Brokerage Inc.) Stock Financials & Earnings

REAXThe Real Brokerage Inc.

Mkt Cap$518M

Revenue (TTM)$2.0B

Net Income (TTM)-$8M

EPS (TTM)-$0.04

Free Cash Flow (TTM)$74M

Gross Margin8.4%

Op. Margin-0.4%

Net Margin-0.4%

FCF Margin3.8%

P/S Ratio (TTM)0.3x

P/E Ratio (TTM)—

YoY Rev Growth+55.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$108M	$11M	-$7M
Q2 23	$185M	$18M	-$4M
Q3 23	$215M	$19M	-$4M
Q4 23	$181M	$15M	-$11M
Q1 24	$201M	$21M	-$16M
Q2 24	$341M	$32M	-$644K
Q3 24	$372M	$32M	-$2M
Q4 24	$351M	$30M	-$6M
Q1 25	$354M	$34M	-$5M
Q2 25	$541M	$48M	$2M
Q3 25	$569M	$45M	-$473K
Q4 25	$505M	$38M	-$4M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$2M	$10M	$6M	—
Q2 23	$2M	$10M	$10M	—
Q3 23	$2M	$12M	$9M	—
Q4 23	$2M	$10M	$16M	—
Q1 24	$2M	$14M	$10M	—
Q2 24	$3M	$16M	$13M	—
Q3 24	$3M	$19M	$12M	—
Q4 24	$4M	$22M	$10M	—
Q1 25	$4M	$21M	$14M	—
Q2 25	$4M	$22M	$19M	—
Q3 25	$5M	$23M	$17M	—
Q4 25	$5M	—	—	$38M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$11M	$8M	$19M
Q2 23	$17M	$11M	$28M
Q3 23	$19M	$14M	$33M
Q4 23	$15M	$14M	$29M
Q1 24	$20M	$14M	$34M
Q2 24	$23M	$10M	$34M
Q3 24	$22M	$10M	$32M
Q4 24	$23M	$9M	$33M
Q1 25	$25M	$11M	$35M
Q2 25	$50M	$5M	$55M
Q3 25	$72M	$19M	$92M
Q4 25	$60M	$17M	$76M

Shares Outstanding

Revenue Per Employee

Revenue / Employee