REAL Brokerage
May 8, 2025
TORONTO and NEW YORK -- May 8, 2025
The Real Brokerage Inc. reported first-quarter 2025 revenue of 354.0 million dollars, up 76 percent from 200.7 million dollars a year earlier, and a net loss attributable to owners of 5.0 million dollars, compared with 16.1 million dollars in the prior-year quarter.
Gross profit rose 63 percent to 33.9 million dollars, and adjusted EBITDA more than doubled to 8.3 million dollars. Operating expenses rose 7 percent to 39.1 million dollars, while revenue share expense rose 38 percent to 12.5 million dollars.
Closed transactions rose 77 percent from 19,032 a year earlier. The agent count rose 61 percent to 26,870 at quarter end, and the company said it had about 27,700 agents as of May 8.