What is The Real Brokerage's latest dividend and current dividend yield?

What is The Real Brokerage's gross profit margin?

What is the revenue and EPS growth rate for The Real Brokerage year over year?

What is the market's earnings forecast for The Real Brokerage next quarter?

What were the key takeaways from The Real Brokerage’s earnings call?

What factors drove the changes in The Real Brokerage's revenue and profit?

What guidance did The Real Brokerage's management provide for the next earnings period?

What were the key takeaways from The Real Brokerage's earnings call?

- **Revenue Growth**: Q4 2025 revenue up 44% YoY to $505M, full year $2B (56% YoY)
- **Agent Expansion**: 33,000+ agents (31% YoY), 7,000+ using Real Wallet
- **Ancillary Success**: Mortgage ($6M YoY), Title ($5M YoY), Wallet ($900K YoY)
- **AI Integration**: Helio AI in beta, 700K+ agent interactions, 24/7 consumer engagement
- **Financial Health**: $66M cash flow, $39M buybacks, debt-free balance sheet
- **2026 Outlook**: Ancillary growth acceleration, AI-driven efficiency, macro resilience

**【CEO Opening Remarks】**
- Q4 2025 revenue: $505M (44% YoY growth), full year: $2B (56% YoY growth)
- Closed transactions: 49,000 (38% QoQ growth), outpacing 1% industry growth
- Ancillary revenue: $11.9M (24% YoY growth), driven by Real Wallet ($339K/Q4), One Real Mortgage ($6M YoY), and One Real Title ($5M YoY)
- Gross profit: $39M (30% YoY growth), adjusted EBITDA: $14.2M (56% YoY growth)
- Agent count: 33,000+ (31% YoY growth), with 7,000+ using Real Wallet
- Cash flow: $66M YoY, $39M returned to shareholders via buybacks
- 2025 highlights: AI-driven platform expansion, Helio consumer portal launch, and debt-free balance sheet

**【CFO Financial Commentary】**
- Q4 2025 financials:
  - Revenue: $505M (44% YoY), brokerage segment up 38%
  - Gross profit: $39M (30% YoY), margin 7.7%
  - Operating expenses: $44M (22% QoQ), OpEx/Gross Profit ratio 1.13
  - Net loss: $4.2M (narrowed from $6.7M YoY)
  - Adjusted EBITDA: $14.2M (56% YoY)
- Full year 2025:
  - Revenue: $2B (56% YoY)
  - Gross profit: $166M (44% YoY)
  - Operating expenses: $175M (25% YoY)
  - Adjusted EBITDA: $62.9M (57% YoY)
- Key metrics:
  - OpEx/Gross Profit ratio: 1.05 (improved 160bps YoY)
  - OpEx per transaction: $440 (22% YoY decline)
  - Revenue churn: 1.6% (down from 1.8% YoY)

**【Q&A Highlights】**
1. **Agent Recruitment & AI**: 
   - Pipeline remains strong despite industry consolidation
   - Helio AI platform in beta, with 700K+ agent interactions
   - 2026 plans: AI-driven lead generation, mortgage loan officer growth
2. **Title Business Transition**: 
   - 13 state-based JVs (17 states operational), targeting 3+ new JVs in 2026
   - Attach rates: 3-4% (targeting 10+%), title revenue up 5% YoY
   - Q4 2025 drag: ~$200K from JV transitions
3. **Mortgage Growth**: 
   - 100+ loan officers, Kate Gorevic (CEO) driving pipeline expansion
   - Helio AI integration to automate lead routing
4. **Wallet Adoption**: 
   - 7,000+ agents using, $23M deposits, 77% gross margins
   - 20+ states with Real Capital lines of credit
5. **Profitability Path**: 
   - Brokerage segment near breakeven, ancillary investments driving long-term margins
   - Shareholder impact: use Real services to accelerate attach rates

**【Shareholder Q&A】**
- **Profitability**: Strategic choice; brokerage segment near breakeven, ancillary investments driving long-term margins
- **Stock-Based Compensation**: Declining as % of revenue (80bps QoQ), offset by buybacks
- **Wallet Growth**: $1.5M annualized revenue, 7,000+ agents, $23M deposits

The Real Brokerage Inc.(REAX)-20260304-2025 Q4 Earnings call transcript

- **Revenue Growth**: +53% YoY to $569M, driven by 39% agent expansion and 49% transaction growth. Brokerage segment profitable, reinvesting in high-margin ancillaries. 
- **Agent Retention**: Revenue churn at 1.4% (lowest in 2+ years), aided by AI-driven support (Leo CoPilot handling 47% of inquiries). 
- **Wallet Momentum**: Real Wallet Capital launched in 28 states, with $1.2M annualized revenue run rate. 
- **Efficiency**: OpEx as % of revenue improved 130bps to 8%, OpEx per transaction down 13% YoY. 
- **Ancillary Strategy**: Title JV attach rates at 35% in new states; major tech innovation announced to boost ancillary adoption. 
- **Financial Strength**: $56M cash, no debt; repurchased $15.5M in shares.

**【CEO Opening Remarks】**
- Q3 revenue grew 53% YoY to $569M, driven by 39% agent growth (30,100 agents) and 49% transaction increase. Brokerage segment was profitable, with ancillary businesses (Mortgage, Title, Wallet) reinvested for long-term growth. 
- Real Wallet Capital launched in 28 U.S. states, offering agents same-day credit based on transaction history. Wallet revenue run rate exceeds $1.2M annually.
- Agent retention improved, with revenue churn at 1.4% (lowest in 2+ years), reflecting platform stickiness and AI-driven support.

**【COO Operational Update】**
- AI automation team reduced manual processes by 10,000+ hours annually, freeing capacity for higher-value tasks. Leo CoPilot handled 47% of agent inquiries in Q3, up from 28% in Q2, with 90%+ agent satisfaction.
- Operational efficiency metrics: adjusted OpEx per transaction down 13% YoY to $405, headcount efficiency ratio 1:89 (vs. 1:87 last quarter). 
- Canada expansion into Saskatchewan to unlock transaction growth in key markets.

**【CFO Financial Review】**
- Gross profit +40% YoY to $44.9M, but margin declined to 7.9% (vs. 8.6%) due to 500bps increase in post-cap transactions (agents paying flat fee vs. 15% split). 
- Operating expenses +31% YoY to $45.3M, but OpEx as % of revenue improved 130bps to 8%. Adjusted EBITDA +54% to $20.4M.
- Cash position at $56M (all-time high), with no debt. Repurchased 3.2M shares ($15.5M) under buyback program.

**【Q&A Highlights】**
- **Agent Churn**: 1.4% revenue churn reflects platform stickiness; expect stabilization below 2% as AI adoption deepens. 
- **Title JV Progress**: Attach rates in new state-based JVs reached 35% (vs. 2.4-3% pre-transition). Announcing major tech innovation at RISE conference to boost ancillary adoption. 
- **Mortgage Expansion**: 100 loan officers (60% in Real Originate program); scaling inside sales team to drive attach rates. 
- **M&A Strategy**: No immediate brokerage acquisitions; evaluating small title company acquisitions for local presence. 
- **2026 Outlook**: Agent growth pipeline supports >30,000 mark; focus on ancillary scale and OpEx leverage (R&D fastest-growing OpEx category).

The Real Brokerage Inc. (REAX) Q3 2025 Earnings Call Transcript

- **Revenue Soars 59% YoY**: Driven by 62% transaction growth, Real achieved record Q2 revenue of $541 million and first positive net income.
- **Agent Growth & Efficiency**: 28,000 agents (29,200+ as of July), 7% YoY increase in transactions per agent, and 2% revenue churn.
- **Profitability Breakthrough**: $20 million Adjusted EBITDA (43% YoY growth) and $41 million operating cash flow.
- **Strategic Moves**: Flyhomes acquisition accelerates AI-driven consumer experience; Real Wallet U.S. lending launch imminent.
- **Ancillary Momentum**: Mortgage (+80%), Title (+7%), and Wallet ($250k Q2) drive high-margin growth.

**【CEO Summary Section】**
- **Record Revenue Growth**: Q2 revenue reached $541 million, up 59% YoY, driven by a 62% increase in transactions (49,000+ closed). This outpaced the industry decline of 1% in existing home sales.
- **Agent Expansion**: Agent count rose to 28,000 (29,200 as of July), a 43% YoY increase. Transactions per agent grew 7% YoY, with only 2% revenue churn, reflecting high retention of top agents.
- **Profitability Milestone**: Achieved first-ever positive operating income ($1.7 million) and net income ($1.6 million), with Adjusted EBITDA up 43% to $20 million.
- **Strategic Acquisition**: Acquired Flyhomes' AI-powered consumer portal for $2-3 million annual expenses, enhancing Leo for Clients and mortgage solutions.

**【COO Operational Updates】**
- **AI Integration**: Leo CoPilot reduced support calls by 28%, automating 50% of transactions with minimal oversight.
- **Agent Support Programs**: Launched Agent Breakthrough (free productivity training) and Further Together events, fostering collaboration and skill-sharing.
- **Revenue Share Model**: Introduced faster revenue share tiers for top agents, rewarding network builders and high performers.

**【CFO Financial Commentary】**
- **Gross Profit**: $47.9 million (50% YoY growth), with 14% of agents capped (up from 11%), contributing 60% of commission revenue.
- **Operating Expenses**: $46.2 million (42% YoY increase), driven by agent growth and tech investments. OpEx as % of revenue improved to 8.5% (from 9.5%).
- **Cash Flow**: $41 million from operations, with $55 million in unrestricted cash. Share buybacks to accelerate in H2.
- **Ancillary Growth**: Mortgage (+80%), Title (+7%), and Real Wallet ($250k revenue) contributed 1% of total revenue but 5% of gross profit.

**【Q&A Highlights】**
- **Revenue Share Impact**: No financial impact on company; redistribution among agents only.
- **Gross Margin Trends**: Sequential decline expected due to higher capped agent mix, but long-term focus on ancillary margins (5-8x core).
- **Agent Recruitment**: Pipeline strong, adding 1,200 agents in 5 weeks post-Q2. Offboarding of 1,500 nonproductive agents improved productivity.
- **Wallet Expansion**: U.S. lending launch and rewards points expected to boost adoption, with Canada generating $4M in loans.
- **Title Strategy**: State JVs launched in 3 states, prioritizing scalability over short-term growth.


The Real Brokerage Inc. (REAX)-7 Aug 25-2025 Q2 Earnings call transcript

- **Revenue explosion**: 76% YoY growth to $354M, 77% transaction surge despite 2% industry decline.
- **AI disruption**: Leo CoPilot automates 100% agent support, with voice capabilities in testing.
- **Agent growth**: 27,700+ agents, adding 800+ post-Q1, with 50%+ ancillary revenue growth.
- **Profitability shift**: 12% agents capped, driving 50% of commission revenue but 9.6% gross margin.
- **Ancillary momentum**: Real Wallet $126K/Q1, title JV expansion, 97 mortgage loan officers.
- **Cash management**: $35M cash, $6M buybacks, no debt.


**【CEO Opening Remarks】**
- Q1 2025 revenue reached $354 million, up 76% YoY, driven by 77% increase in transactions (33,600 total) despite 2% industry decline in existing home sales.
- Gross profit rose 63% to $33.9 million, with adjusted EBITDA doubling to $8.3 million.
- Agent count exceeded 27,700 as of Q2 start, adding 800+ agents post-Q1.
- Ancillary businesses (mortgage, title, Real Wallet) grew 50% YoY, contributing $2.2 million in Q1.
- Leo CoPilot now handles thousands of daily agent interactions via voice and mobile, automating 100% of inbound support calls.
- Real Wallet achieved $126,000 in Q1 revenue, with annualized run rate exceeding $700,000.

**【President Sharran Srivatsaa - Brokerage Highlights】**
- Agents completed 5% more transactions YoY despite sluggish market, reflecting platform efficiency.
- Added 2,700 net new agents in Q1, with strong pipeline for top-producing teams.
- Real Academy and regional roadshows expanded agent training programs.
- Pro Teams and private-label partnerships drove 30%+ growth in team-based business.

**【CFO Ravi Jani - Financial Breakdown】**
- Revenue: $354M (76% YoY), with 77% growth in brokerage segment to $352M.
- Gross margin: 9.6% (vs 10.3% prior year), impacted by 12% of agents hitting commission caps.
- Operating expenses: $39.1M (11.1% of rev), down 80bps in adjusted OpEx ratio to 6.0%.
- Cash flow: $16M generated, with $6M returned via share buybacks.
- Key metrics: $13.5B GTV (80% YoY), $380K median sale price, $631 OpEx per transaction.

**【Q&A Key Takeaways】**
- AI adoption: Leo CoPilot now handles 100% agent support calls, with voice capabilities tested for consumer interactions.
- Agent retention: 50% of capped agents contribute 50% of commission revenue, driving margin pressure.
- Ancillary growth: Title JV expansion to 3 states/month, mortgage loan officers up to 97.
- Market strategy: Focused on 10+ key markets rather than nationwide expansion.
- Profitability: Expect continued margin compression in 2025, with ancillary scaling as offset.


The Real Brokerage Inc. (REAX)-8 May 25-2025 Q1 Earnings call transcript

- **Breakout Growth**: 81% transaction growth to 120,601 deals, $1.3B revenue (+84%), and 24,140 agents (+77%).
- **AI & Fintech Flywheel**: Leo Copilot handles 2,000+ daily agent interactions; Real Wallet reaches $500K annualized revenue run rate.
- **High Margin Ancillary Scaling**: Mortgage & Title up 105% YoY, contributing 5% of gross profit.
- **Agent Expansion Engine**: 10,000 net agents added in 2024, including 1,200 via private label program.
- **Luxury Market Dominance**: 230+ Real Luxury agents closed $1B+ in 2024, with $1B pipeline for 2025.


**【CEO Opening Remarks】**
- **Record 2024 Performance**: 81% transaction growth to 120,601 deals, $1.3B revenue (+84%), and 24,140 agents (+77%).
- **AI & Fintech Momentum**: Leo Copilot handles 2,000+ daily agent interactions; Real Wallet reaches $500K annualized revenue run rate.
- **Business Model Adjustments**: U.S. transaction fee increased to $40, Canada commission cap raised to CAD15,000, and post-cap RSU bonus reduced to 15%.

**【President Agent Growth Update】**
- **Agent Acquisition**: Added 10,000 net agents in 2024, including 1,200 via private label program with 40 independent brokerages.
- **Retention Strength**: 1.8% revenue churn in Q4, <2% annualized.
- **Luxury Expansion**: 230+ Real Luxury agents closed $1B+ in 2024, with $1B pipeline for 2025.

**【CFO Financial Highlights】**
- **2024 Results**: $1.3B revenue, $115M gross profit (+82%), $40M adj. EBITDA (+188%).
- **Ancillary Growth**: Mortgage & Title up 105% YoY, contributing <1% revenue but 5% of gross profit.
- **2025 Outlook**: Q1 seasonal low, Q3 peak; focus on scaling adj. EBITDA with gross profit outpacing OpEx.

**【Q&A Key Takeaways】**
- **Mortgage/Title Attach Rates**: Current 1% (Mortgage), 4% (Title); target >30% via Nancy Marsden's leadership.
- **Wallet Margins**: 90% gross margin on $7M U.S. deposits, $1M+ Canada credit utilization.
- **OpEx Management**: 2025 OpEx growth expected, but focused on gross profit margin expansion.


Actual	-0.05	-0.006	-0.02	-0.03	-0.02	-0.03	-0.04	-0.04	-0.02	-0.02	-0.07	-0.09	-0.01	-0.01	-0.03	-0.02	0.01	0	-0.02
Forecast	-0.02	-0.02	-0.02	-0.02	-0.03	-0.035	-0.035	-0.03	-0.0267	-0.0275	-0.04	-0.0433	-0.02	-0.03	-0.045	-0.0467	0.0025	-0.01	-0.0325
Surprise	-150.00%	+70.00%	0.00%	-50.00%	+33.33%	+14.29%	-14.29%	-33.33%	+25.09%	+27.27%	-75.00%	-107.85%	+50.00%	+66.67%	+33.33%	+57.17%	+300.00%	+100.00%	+38.46%

REAX

REAX fundamentals

REAX Q4 2025 Earnings

Earnings Call

You can ask Aime

REAX

REAX fundamentals

REAX Q4 2025 Earnings

Earnings Call

REAX Earnings Call Summary for Q4/20258:00 AM on Mar 4, 2026

REAX Earnings Call Summary for Q3/20258:00 AM on Oct 30, 2025

REAX Earnings Call Summary for Q2/20258:00 AM on Aug 7, 2025

REAX Earnings Call Summary for Q1/20258:00 AM on May 8, 2025

REAX Earnings Call Summary for Q4/20248:30 AM on Mar 6, 2025

You can ask Aime