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Real Brokerage Inc

REAX Clue Score62
United States Fiscal year ends December CIK 0001862461
$15.65 -8.37% Close, 9 Oct 2026
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Price $15.65 +741.40% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 24 Jun 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue16.6Operating income−2.6Net income−3.6EPS, diluted−0.04Fiscal year 2021Revenue121.7 +634.8%Operating income−11.3Net income−11.7EPS, diluted−0.07Fiscal year 2022Revenue381.8 +213.7%Operating income−19.7Net income−20.6EPS, diluted−0.12Fiscal year 2023Revenue689.2 +80.5%Operating income−26.0Net income−27.5EPS, diluted−0.15Fiscal year 2024Revenue1,264.6 +83.5%Operating income−25.2Net income−26.5EPS, diluted−0.14Fiscal year 2025Revenue1,968.4 +55.7%Operating income−9.2Net income−8.1EPS, diluted−0.04
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 16.6 121.7 381.8 689.2 1,264.6 1,968.4
Growth +634.8% +213.7% +80.5% +83.5% +55.7%
Operating income −2.6 −11.3 −19.7 −26.0 −25.2 −9.2
Net income −3.6 −11.7 −20.6 −27.5 −26.5 −8.1
Growth
EPS, diluted −0.04 −0.07 −0.12 −0.15 −0.14 −0.04

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin13.0%Operating margin−16.0%Net margin−21.9%Free cash flow margin−9.8%Fiscal year 2021Gross margin9.1%Operating margin−9.3%Net margin−9.6%Free cash flow margin1.2%Fiscal year 2022Gross margin8.4%Operating margin−5.2%Net margin−5.4%Fiscal year 2023Gross margin9.1%Operating margin−3.8%Net margin−4.0%Free cash flow margin2.7%Fiscal year 2024Operating margin−2.0%Net margin−2.1%Free cash flow margin3.8%Fiscal year 2025Operating margin−0.5%Net margin−0.4%Free cash flow margin3.3%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 13.0% 9.1% 8.4% 9.1% n/a n/a
Operating margin −16.0% −9.3% −5.2% −3.8% −2.0% −0.5%
Net margin −21.9% −9.6% −5.4% −4.0% −2.1% −0.4%
Free cash flow margin −9.8% 1.2% n/a 2.7% 3.8% 3.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−1.6Capital expenditure−0.0Free cash flow−1.6Fiscal year 2021Operating cash flow1.7Capital expenditure−0.2Free cash flow1.5Fiscal year 2022Operating cash flow6.0Dividends paid−0.0Fiscal year 2023Operating cash flow19.0Capital expenditure−0.6Free cash flow18.3Dividends paid−0.3Fiscal year 2024Operating cash flow48.7Capital expenditure−1.0Free cash flow47.7 +159.9%Buybacks−36.3Fiscal year 2025Operating cash flow65.9Capital expenditure−1.1Free cash flow64.8 +35.9%Buybacks−39.4
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.6 1.7 6.0 19.0 48.7 65.9
Capital expenditure −0.0 −0.2 n/a −0.6 −1.0 −1.1
Free cash flow −1.6 1.5 n/a 18.3 47.7 64.8
Growth +159.9% +35.9%
Buybacks n/a n/a n/a n/a −36.3 −39.4
Dividends paid n/a n/a −0.0 −0.3 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2020Cash21.3Shareholders’ equity6.0Fiscal year 2021Cash29.1Shareholders’ equity27.0Fiscal year 2022Cash18.3Shareholders’ equity28.7Fiscal year 2023Cash14.7Shareholders’ equity36.9Fiscal year 2024Cash23.4Shareholders’ equity32.1Fiscal year 2025Cash33.2Shareholders’ equity51.7
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 21.3 29.1 18.3 14.7 23.4 33.2
Shareholders’ equity 6.0 27.0 28.7 36.9 32.1 51.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
13.0% 9.1% 8.4% 9.1% n/a n/a
−16.0% −9.3% −5.2% −3.8% −2.0% −0.5%
n/a n/a n/a n/a −2.1% −0.4%
−21.9% −9.6% −5.4% −4.0% −2.1% −0.4%
−9.8% 1.2% n/a 2.7% 3.8% 3.3%
Spending
2.4% 3.3% 1.3% 1.1% n/a n/a
22.1% 8.7% 6.3% 6.2% n/a n/a
0.1% 0.1% n/a 0.1% 0.1% 0.1%
Returns
−60.6% −43.2% −71.8% −74.6% −82.6% −15.7%
−16.5% −29.2% −47.0% −42.6% n/a n/a
Balance and payout
5.1% 32.5% 48.8% 42.5% n/a n/a
n/a n/a n/a 1.8% 76.1% 60.7%