Growth & profitability
- Revenue has grown 69.0% per year over the past 2 years.
- Operating margin has expanded, at -0.5% in the latest year.
- Free cash flow has grown 88.0% per year over the past 2 years.
REAX Financials Real Brokerage Inc
3 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2.0B | -$8M | 8.4% | -0.5% | $65M | — | $33M |
| 2024 | $1.3B | -$27M | 9.1% | -2.0% | $48M | — | $23M |
| 2023 | $689M | -$28M | 9.1% | -3.8% | $18M | — | $15M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Dec '25 | $505M | -$4M | 7.7% | -1.0% | -$16000 | — | $33M |
| Sep '25 | $569M | -$447000 | 7.9% | -0.1% | $8M | — | $36M |
| Jun '25 | $541M | $2M | 8.9% | 0.3% | $41M | — | $50M |
| Mar '25 | $354M | -$5M | 9.6% | -1.5% | $16M | — | $25M |
| Dec '24 | $351M | -$7M | 8.6% | -1.8% | $4M | — | $23M |
| Sep '24 | $372M | -$3M | 8.6% | -0.7% | $7M | — | $23M |
| Jun '24 | $341M | -$1M | 9.4% | -0.2% | $15M | — | — |
| Mar '24 | $201M | -$16M | 10.3% | -7.8% | $21M | — | $20M |
| Dec '23 | $181M | -$12M | 8.6% | -6.2% | -$6M | — | $15M |
| Sep '23 | $215M | -$4M | 8.7% | -1.8% | -$8M | — | $19M |
Valuation over time
How the market has priced REAX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has fallen from 0.9× (Jan '24) to 0.2× (Jun '26).
P/S
Frequently asked questions
Is REAX growing its revenue and profit?
Over the past 2 years, Real Brokerage Inc's revenue has grown 69.0% per year. These are computed facts, not advice.
How much debt does REAX have?
As of FY2025, Real Brokerage Inc reported — of total debt against $33M of cash.
What is REAX's profit margin?
In FY2025, gross margin was 8.4%, operating margin -0.5%, and net margin -0.4%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.