REAL BROKERAGE (REAX)
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The Real Brokerage Inc. is a real estate brokerage company built around a cloud-based operating model for residential agents in the United States and Canada. Rather than relying primarily on traditional branch offices, the company uses proprietary software to manage much of the brokerage process, from transaction administration and compliance review to agent support and payments.
Its core platform, reZEN, is central to the business. The system supports transaction management, brokerage oversight, commission processing, integrated financial tools and workflow automation. Real also uses technology such as Leo CoPilot and open API capabilities to help agents customize processes and reduce administrative friction. This technology-led approach is designed to let the company scale its agent network while maintaining consistent operating controls across markets.
Real reports its activities across North American Brokerage, One Real Title, One Real Mortgage and Real Wallet. The brokerage segment is the main revenue driver and reflects commissions generated from home purchases and sales. The title and mortgage operations expand the company’s role in the residential transaction, while Real Wallet is intended to support financial services connected to agents and real estate professionals.
The company’s performance is closely tied to housing market activity, agent productivity, interest rates and competition among brokerages. Its distinguishing feature is the combination of an agent-focused brokerage model with in-house technology intended to simplify transactions and support a distributed workforce.
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Income Statement
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| EBITDA | 0 | 0 | 0 | 0 | 0 |
| Net income | — | — | — | — | — |
| Basic EPS | — | — | — | — | — |
| Diluted EPS | — | — | — | — | — |
Balance Sheet
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Total assets | 126.86M | 86.6M | 64.55M | 43.76M | 40M |
| Total liabilities | 75.28M | 54.45M | 27.46M | 21.35M | 12.99M |
| Total equity | 51.59M | 32.14M | 37.08M | 22.42M | 27M |
| Cash & equivalents | 33.21M | 23.38M | 14.71M | 10.85M | 25.82M |
| Current assets | 79.43M | 48.82M | 37.57M | 20.89M | 35.35M |
| Current liabilities | 75.27M | 54.45M | 27.2M | 21.11M | 12.31M |
Cash Flow
| Line Item | 2025 Q4 | 2024 Q4 | 2023 Q4 | 2022 Q4 | 2021 Q4 |
|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | — |
| Investing cash flow | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — |
| Change in cash | — | — | — | — | — |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 6-K — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | SCHEDULE 13G/A — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 6-K — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 6-K — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 6-K — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 425 — Real Brokerage Inc | View Filing | |
| edgar index | 6-K — Real Brokerage Inc | View Filing | |
| edgar index | 6-K — Real Brokerage Inc | View Filing | |
| edgar index | 40-F — Real Brokerage Inc | View Filing | |
| edgar index | 6-K — Real Brokerage Inc | View Filing | |
| edgar index | 6-K — Real Brokerage Inc | View Filing | |
| edgar index | SCHEDULE 13G — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | SCHEDULE 13G/A — Real Brokerage Inc | View Filing | |
| edgar index | 6-K — Real Brokerage Inc | View Filing | |
| edgar index | SCHEDULE 13G/A — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | SCHEDULE 13G/A — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing | |
| edgar index | 144 — Real Brokerage Inc | View Filing |