REAL Brokerage
March 6, 2025
TORONTO and NEW YORK -- March 6, 2025
The Real Brokerage Inc. reported full-year 2024 revenue of 1.26 billion dollars, up 84 percent from 689.2 million dollars in 2023, and a net loss attributable to owners of 26.5 million dollars, compared with 27.5 million dollars a year earlier.
Gross profit rose 82 percent to 114.7 million dollars, and adjusted EBITDA nearly tripled to 40.0 million dollars. Revenue share expense rose 53 percent to 42.7 million dollars, and the loss per share was 14 cents.
Fourth-quarter revenue rose 93 percent to 350.6 million dollars, with a quarterly net loss of 6.6 million dollars and adjusted EBITDA of 9.1 million dollars.
Real closed 120,601 transactions in 2024, up 81 percent, with a total value of 49.0 billion dollars. Agents on the platform rose 77 percent to 24,140 at year end, and the company said it had about 26,200 agents as of March 6, 2025.