The Real Brokerage Inc. (REAX) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 136.7M | 105.76M | 124.71M | 129.59M | 83.89M | 72.91M | 88.48M | 96.19M | 69.77M | 50.51M | 53.31M | 60.69M | 37.13M | 28.37M | 33.37M | 38.55M | 39.35M | 38.66M | 45.88M | 47.22M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 82.82M | 59.55M | 72.37M | 49.61M | 24.71M | 23.38M | 21.58M | 23.32M | 20.07M | 14.71M | 19.01M | 17.16M | 10.97M | 10.85M | 21.94M | 32.52M | 28.94M | 29.08M | 36.08M | 37.9M |
| Short-Term Investments | 16.9M | 16.73M | 19.35M | 5.16M | 10.55M | 9.45M | 10.4M | 10.28M | 14.41M | 14.22M | 14.03M | 10.91M | 8.49M | 7.89M | 9.79M | 4.43M | 8.47M | 8.81M | 8.89M | 8.86M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 4.38 | 4.37 | 4.42 | 3.67 | 3.94 | 4.14 | 4.44 | 3.76 | 3.62 | 2.28 | 0.96 | 0.82 | 1.23 | 1.12 | 0.42 | 0.24 | 0.44 | 0.48 | 0.57 | 1.84 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47K | 47K | 47K | 47K |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.08 | 0.09 | 0.12 | 0.21 |
| Other Current Assets | 2.79M | 3.08M | 2.9M | 46.3M | 30.26M | 24.09M | 36.77M | 1.54M | 24.44M | 12.95M | 16.33M | 29.58M | 15.44M | 7.48M | 0 | 0 | 47K | 3.31M | 47K | 47K |
| Total Non-Current Assets | 20.2M | 21.1M | 20.5M | 19.84M | 16.56M | 13.68M | 13.99M | 13.97M | 13.8M | 14.04M | 14.85M | 14.95M | 15.12M | 15.39M | 13.96M | 13.74M | 13.63M | 1.33M | 1.31M | 1.33M |
| Property, Plant & Equipment | 2.45M | 2.46M | 2.51M | 2.32M | 2.25M | 2.12M | 2.21M | 1.98M | 1.59M | 1.6M | 1.56M | 1.47M | 1.43M | 1.42M | 1.06M | 820K | 620K | 279K | 201K | 208K |
| Fixed Asset Turnover | 189.79x | 203.32x | 235.03x | 236.70x | 162.34x | 162.14x | 177.97x | 190.91x | 125.74x | 114.74x | 141.77x | 127.82x | 75.52x | 77.27x | 118.44x | 156.05x | 137.15x | 210.33x | 189.72x | 113.21x |
| Goodwill | 8.99M | 8.99M | 8.99M | 8.99M | 8.99M | 8.99M | 8.99M | 8.99M | 8.99M | 8.99M | 10.17M | 10.17M | 10.18M | 10.26M | 12.53M | 12.53M | 12.53M | 602K | 0 | 0 |
| Intangible Assets | 3.81M | 4.16M | 4.52M | 2.13M | 2.35M | 2.58M | 2.79M | 3M | 3.22M | 3.44M | 3.12M | 3.31M | 3.51M | 3.71M | 366K | 395K | 483K | 451K | 1.11M | 1.13M |
| Long-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 156.91M | 126.86M | 145.22M | 149.43M | 100.45M | 86.59M | 102.47M | 110.16M | 83.58M | 64.55M | 68.16M | 75.65M | 52.25M | 43.76M | 47.33M | 52.3M | 52.98M | 40M | 47.18M | 48.55M |
| Asset Turnover | 3.28x | 3.71x | 3.86x | 4.33x | 3.78x | 3.71x | 3.50x | 3.52x | 2.71x | 2.73x | 2.99x | 2.90x | 2.25x | 2.11x | 2.24x | 2.13x | 1.33x | 1.16x | 0.81x | 0.65x |
| Asset Growth % | 56.2% | 46.5% | 41.71% | 35.65% | 20.19% | 34.16% | 50.34% | 45.63% | 59.96% | 47.5% | 44.02% | 44.65% | -1.38% | 9.41% | 0.3% | 7.72% | 132.01% | 82.58% | 1821.91% | 2137.33% |
| Total Current Liabilities | 91.32M | 75.27M | 91.62M | 100.46M | 67.94M | 54.45M | 72.48M | 79.33M | 57.95M | 27.2M | 42.99M | 53.36M | 31.48M | 21.11M | 25.76M | 27.31M | 24.82M | 10.05M | 7.08M | 3.65M |
| Accounts Payable | 931K | 1.16M | 1.08M | 1.25M | 927K | 1.37M | 1.13M | 1.2M | 1.09M | 571K | 653K | 1.15M | 370K | 474K | 14.09M | 12.12M | 8.05M | 54K | 5.96M | 3.24M |
| Days Payables Outstanding | 0.22 | 0.22 | 0.2 | 0.2 | 0.32 | 0.36 | 0.31 | 0.34 | 0.42 | 0.34 | 0.42 | 0.41 | 0.39 | 7.62 | 11.7 | 8.91 | 6.54 | 5.96 | 11.93 | 12.91 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 90.39M | 74.11M | 0 | 0 | 0 | 3.05M | 12.84M | 356K | 540K | 13.25M | 462K | 300K | 165K | 8.67M | 11.61M | 15.1M | 16.69M | 40K | 1.05M | 320K |
| Current Ratio | 1.50x | 1.41x | 1.36x | 1.29x | 1.23x | 1.34x | 1.22x | 1.21x | 1.20x | 1.86x | 1.24x | 1.14x | 1.18x | 1.34x | 1.30x | 1.41x | 1.59x | 3.85x | 6.47x | 12.93x |
| Quick Ratio | 1.50x | 1.41x | 1.36x | 1.29x | 1.23x | 1.34x | 1.22x | 1.21x | 1.20x | 1.86x | 1.24x | 1.14x | 1.18x | 1.34x | 1.30x | 1.41x | 1.58x | 3.84x | 6.47x | 12.92x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.02 | -5.39 | -11.23 | -10.86 |
| Total Non-Current Liabilities | 10K | 10K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 269K | 246K | 324K | 200K | 242K | 8.16M | 6.57M | 4.25M | 2.95M | 1.47M | 690K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 91.33M | 75.28M | 91.62M | 100.46M | 67.94M | 54.45M | 72.48M | 79.33M | 57.95M | 27.46M | 43.24M | 53.68M | 31.68M | 21.35M | 33.92M | 33.89M | 29.07M | 12.99M | 8.55M | 4.34M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16K | 96K | 63K | 86K | 108K | 131K | 153K | 174K |
| Net Debt | -82.82M | -59.55M | -72.37M | -49.61M | -24.71M | -23.38M | -21.58M | -23.32M | -20.07M | -14.71M | -19.01M | -17.16M | -10.96M | -10.75M | -21.88M | -32.43M | -28.83M | -28.95M | -35.92M | -37.73M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | -769.91x | -23.83x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -36.37x | -35.82x | -1.30x | 6.16x | -179.62x | -14.85x | -9.50x | -5.14x | -135.42x | -791.93x | -53.61x | -13.75x | -22.98x | -58.94x | -37.05x | -17.01x | -10.75x | -9.92x | -23.74x | -84.55x |
| Total Equity | 65.58M | 51.59M | 53.59M | 48.97M | 32.52M | 32.14M | 29.99M | 30.83M | 25.62M | 37.08M | 24.92M | 21.96M | 20.57M | 22.41M | 13.4M | 18.41M | 23.91M | 27M | 38.63M | 44.21M |
| Equity Growth % | 101.67% | 60.49% | 78.7% | 58.85% | 26.91% | -13.32% | 20.34% | 40.37% | 24.59% | 65.44% | 85.96% | 19.29% | -13.98% | -16.99% | -65.31% | -58.35% | 21.21% | 29.84% | 4005.53% | 6006.22% |
| Book Value per Share | 0.29 | 0.23 | 0.24 | 0.21 | 0.16 | 0.16 | 0.15 | 0.16 | 0.14 | 0.20 | 0.14 | 0.12 | 0.12 | 0.13 | 0.07 | 0.10 | 0.14 | 0.14 | 0.23 | 0.40 |
| Total Shareholders' Equity | 65.69M | 51.67M | 53.64M | 49.19M | 32.75M | 32.15M | 29.8M | 30.57M | 25.45M | 36.88M | 24.65M | 21.47M | 20.22M | 22.15M | 13.19M | 18.28M | 23.82M | 27M | 38.63M | 29.39M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -116.27M | -112.85M | -108.65M | -108.2M | -109.71M | -104.75M | -98.1M | -95.52M | -94.3M | -78.2M | -66.24M | -62.22M | -58.1M | -50.7M | -43.9M | -38.65M | -34.44M | -30.13M | -26.28M | -25.22M |
| Treasury Stock | 0 | 0 | 0 | -2.02M | -591K | -2.46M | -1.23M | -10.44M | -2.11M | -257K | -925K | -4.33M | -11.4M | -14.96M | -16.39M | -17.1M | -16.88M | -12.64M | 0 | 0 |
| Accumulated OCI | 701K | 318K | 392K | 582K | 599K | 708K | 195K | 57.44M | 53.44M | 52.77M | 32.42M | 31.75M | 29.08M | 24.61M | 9.73M | 10.49M | 11.44M | 6.38M | 5.68M | 7.38M |
| Minority Interest | -111K | -90K | -47K | -218K | -233K | -3K | 188K | 262K | 171K | 209K | 271K | 489K | 343K | 263K | 213K | 135K | 84K | 0 | 0 | 14.82M |