Financials in USD. Standardized financial statements.
A compact view of how The Real Brokerage Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $1.97B | $1.26B | $689.16M | $381.76M | $121.68M | $16.56M | $15.75M | $8.44M |
| Revenue Growth? | +55.7% | +83.5% | +80.5% | +213.7% | +634.8% | +5.1% | +86.5% | 0.0% |
| Cost of Revenue? | $1.80B | $1.15B | $626.28M | $349.81M | $110.59M | $14.40M | $13.79M | $7.13M |
| Gross Profit? | $163.76M | $114.74M | $62.87M | $31.95M | $11.09M | $2.15M | $1.97M | $1.31M |
| Gross Margin? | +8.3% | +9.1% | +9.1% | +8.4% | +9.1% | +13.0% | +12.5% | +15.5% |
| Operating Expenses? | $172.26M | $139.97M | $88.88M | $51.12M | $22.11M | $4.80M | $3.63M | $113,689 |
| Operating Income? | -$8.50M | -$25.23M | -$26.01M | -$19.17M | -$11.02M | -$2.65M | -$1.67M | -$113,690 |
| EBITDA? | -$6.57M | -$24.68M | -$25.49M | -$19.55M | -$11.05M | -$3.39M | -$1.53M | -$113,689 |
| Income Before Tax | -$8.81M | -$26.45M | -$27.22M | -$20.34M | -$11.68M | -$3.62M | -$2.25M | -$113,772 |
| Income Tax Expense | -$740,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income? | -$8.11M | -$26.54M | -$27.50M | -$20.58M | -$12.34M | -$4.46M | -$2.83M | -$113,772 |
| EPS? | $-0.04 | $-0.14 | $-0.15 | $-0.12 | $-0.07 | $-0.04 | $-0.02 | $-0.00 |
| Diluted EPS? | $-0.04 | $-0.14 | $-0.15 | $-0.12 | $-0.07 | $-0.04 | $-0.02 | $-0.00 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality