Real Brokerage Reports 76% Revenue Growth in Q1 2025
By ATTN Desk · Editorial oversight: Sean Han
THE REAL BROKERAGE INC. (NASDAQ: REAX)
1. Introduction
THE REAL BROKERAGE INC. (“Real”) is a publicly traded real estate technology brokerage firm headquartered in New York, NY. Founded in 2014, Real operates across 47 U.S. states, the District of Columbia, and Canada. Its platform combines commission-split programs, revenue sharing, and technology tools for real estate agents.
- Ticker: REAX
- Exchange: NASDAQ
- Closing price (2025-05-21): $4.30 (0.00% change)
- 52-Week range: $3.5450 – $6.7500
- Market capitalization (intraday): $886.66 million
2. Corporate Structure
- Industry: Real Estate Technology Brokerage
- Public company since 2020
- Headquarters: New York, NY
- Company size (LinkedIn): 51–200 employees
- Agent network: 26,870 agents as of Q1 2025 (61% year-over-year growth)
- Specialties: Commission splits, realtor technology, revenue sharing, equity incentives
3. Developments and News
- Q1 2025 results (reported May 2025)
- Revenue: $354 million (up 76% year-over-year)
- Transactions: 33,617 (up 77%)
- Sales volume: $13.5 billion
- New agents added: 2,000+
- REALx 2025 virtual event (May 14, 2025): A day-long webinar focused on marketing, systems, and growth strategies for agents
- Victoria Day message (May 19, 2025): Company acknowledgment of Queen Victoria’s birthday, recognized as a national holiday in Canada
- AI assistant “Leo”: Designed to handle over 2,000 agent inquiries per day with the aim of improving agent productivity
- Upcoming earnings report: Scheduled for August 4–8, 2025 (per Yahoo Finance)
4. Financial and Strategic Analysis
Key Financial Metrics (TTM as of 2025-05-20)
| Metric | Value |
|---|---|
| Revenue | $1.42 billion |
| Net income | –$15.41 million |
| Diluted EPS | –$0.07 |
| Profit margin | –1.09% |
| Return on assets | –10.00% |
| Return on equity | –53.24% |
| Total cash (mrq) | $35.26 million |
| Levered free cash flow (ttm) | $44.27 million |
| Price/Sales (ttm) | 0.59 |
| Price/Book (mrq) | 27.07 |
| Market cap (intraday) | $886.66 million |
| Enterprise value | $851.40 million |
- Liquidity & Cash Flow: Reports $35.26 million in cash; positive levered free cash flow
- Profitability: Reports negative net income and margins; continuous investment in technology and agent expansion
- Valuation: Current trading at 0.59× revenues; analysts’ one-year target estimate: $6.50
5. Market Position and Industry Context
- Real is ranked 7th among U.S. enterprise brokerages in the T3 Sixty 2025 report.
- Competes with traditional brokerages by offering technology-focused tools and revenue-sharing models.
- Industry drivers include increasing agent demand for digital platforms, remote transaction tools, and scalable commission structures.
- Growth strategy includes expanding the agent network, enhancing AI-driven services, and considering cross-border operations in Canada.
TL;DR
- Q1 2025 revenue reached $354 million (+76% YOY); agent count grew to 26,870 (+61%).
- On May 14, 2025, Real hosted REALx 2025, a virtual event on agent growth strategies.
- AI assistant Leo now manages over 2,000 daily agent inquiries.
- Upcoming earnings report scheduled for August 4–8, 2025.
- Analyst one-year target estimate: $6.50.