The Real Brokerage Inc. (REAX) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 465.55M | 505.14M | 568.55M | 540.75M | 353.98M | 350.63M | 372.49M | 340.78M | 200.74M | 181.34M | 214.64M | 185.33M | 107.84M | 96.12M | 111.63M | 112.36M | 61.65M | 50.48M | 38.8M | 23.09M |
| Revenue Growth % | 31.52% | 44.07% | 52.64% | 58.68% | 76.34% | 93.35% | 73.54% | 83.87% | 86.14% | 88.67% | 92.27% | 64.95% | 74.93% | 90.41% | 187.73% | 386.49% | 562.25% | 611.97% | 884.97% | 790.32% |
| Cost of Goods Sold | 423.97M | 466.11M | 523.69M | 492.89M | 320.05M | 320.64M | 340.36M | 309.25M | 179.98M | 166.11M | 195.87M | 167.57M | 97.04M | 87.9M | 103.06M | 103.06M | 55.79M | 46.37M | 35.48M | 20.67M |
| COGS % of Revenue | 91.07% | 92.27% | 92.11% | 91.15% | 90.41% | 91.45% | 91.37% | 90.75% | 89.66% | 91.6% | 91.25% | 90.42% | 89.98% | 91.45% | 92.32% | 91.73% | 90.49% | 91.86% | 91.44% | 89.49% |
| Gross Profit | 41.58M | 39.03M | 44.86M | 47.86M | 33.94M | 29.98M | 32.13M | 31.53M | 20.76M | 15.23M | 18.77M | 17.76M | 10.81M | 8.22M | 8.58M | 9.29M | 5.86M | 4.11M | 3.32M | 2.43M |
| Gross Margin % | 8.93% | 7.73% | 7.89% | 8.85% | 9.59% | 8.55% | 8.63% | 9.25% | 10.34% | 8.4% | 8.75% | 9.58% | 10.02% | 8.55% | 7.68% | 8.27% | 9.51% | 8.14% | 8.56% | 10.51% |
| Gross Profit Growth % | 22.52% | 30.18% | 39.62% | 51.8% | 63.48% | 96.84% | 71.13% | 77.53% | 92.07% | 85.32% | 118.92% | 91.12% | 84.37% | 100.1% | 158.24% | 282.7% | 373.89% | 449.2% | 348.18% | 764.06% |
| Operating Expenses | 44.71M | 43.53M | 45.33M | 46.18M | 39.15M | 36.37M | 34.61M | 32.51M | 26.9M | 26.5M | 22.74M | 21.5M | 17.85M | 15.14M | 13.02M | 13.24M | 9.95M | 7.6M | 4.34M | 5.22M |
| OpEx % of Revenue | 9.6% | 8.62% | 7.97% | 8.54% | 11.06% | 10.37% | 9.29% | 9.54% | 13.4% | 14.61% | 10.6% | 11.6% | 16.55% | 15.75% | 11.67% | 11.78% | 16.14% | 15.06% | 11.19% | 22.59% |
| Selling, General & Admin | 39.56M | 38.14M | 40.05M | 41.79M | 34.83M | 31.96M | 31.2M | 29.56M | 24.44M | 25.3M | 20.53M | 19.92M | 16.05M | 14.18M | 11.65M | 11.82M | 9.09M | 7.17M | 3.85M | 4.74M |
| SG&A % of Revenue | 8.5% | 7.55% | 7.04% | 7.73% | 9.84% | 9.11% | 8.38% | 8.68% | 12.17% | 13.95% | 9.57% | 10.75% | 14.89% | 14.75% | 10.44% | 10.52% | 14.74% | 14.2% | 9.91% | 20.54% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | -3.13M | -4.5M | -473K | 1.68M | -5.21M | -6.39M | -2.48M | -644K | -15.72M | -11.27M | -3.97M | -3.74M | -7.04M | -6.92M | -4.45M | -3.95M | -4.09M | -3.49M | -1.02M | -2.79M |
| Operating Margin % | -0.67% | -0.89% | -0.08% | 0.31% | -1.47% | -1.82% | -0.67% | -0.19% | -7.83% | -6.21% | -1.85% | -2.02% | -6.53% | -7.2% | -3.98% | -3.51% | -6.63% | -6.92% | -2.63% | -12.08% |
| Operating Income Growth % | 39.95% | 29.55% | 80.91% | 361.49% | 66.86% | 43.31% | 37.53% | 82.78% | -123.33% | -62.84% | 10.77% | 5.24% | -72.16% | -98.05% | -335.46% | -41.47% | -10.1% | -190.36% | -149.02% | -509.17% |
| EBITDA | -2.55M | -3.91M | 94K | 2.08M | -4.83M | -6.01M | -2.12M | -304K | -15.39M | -10.97M | -3.69M | -3.46M | -6.77M | -6.81M | -4.36M | -3.81M | -4.08M | -3.41M | -977K | -2.75M |
| EBITDA Margin % | -0.55% | -0.77% | 0.02% | 0.39% | -1.36% | -1.72% | -0.57% | -0.09% | -7.67% | -6.05% | -1.72% | -1.86% | -6.28% | -7.08% | -3.9% | -3.39% | -6.63% | -6.75% | -2.52% | -11.89% |
| EBITDA Growth % | 47.14% | 34.92% | 104.43% | 784.87% | 68.62% | 45.16% | 42.55% | 91.2% | -127.39% | -61.04% | 15.35% | 9.34% | -65.7% | -99.77% | -346.16% | -38.82% | -11.25% | -189.39% | -148.6% | -529.82% |
| D&A (Non-Cash Add-back) | 575K | 585K | 567K | 398K | 379K | 372K | 358K | 340K | 326K | 298K | 277K | 284K | 269K | 108K | 87K | 135K | 3K | 84K | 44K | 44K |
| EBIT | -3.13M | -4.91M | -108K | 1.85M | -5.21M | -6.46M | -2.33M | -909K | -15.98M | -11.88M | -3.97M | -3.74M | -7.01M | -6.78M | -4.45M | -3.95M | -3.89M | -3.49M | -1.02M | -2.79M |
| Net Interest Income | -86K | -137K | -83K | -300K | -29K | -436K | -81K | -177K | -117K | -15K | -74K | -72K | -339K | -115K | -120K | -232K | -362K | 223K | -9K | -33K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | -1K | 164K | 0 | 0 | 0 | 0 | 84K | 217K | 0 | 0 | 0 | 0 | 0 | 12K | 0 |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | -3.41M | -5.04M | -191K | 1.55M | -5.12M | -6.71M | -2.54M | -1.11M | -16.1M | -12.02M | -3.94M | -3.97M | -7.32M | -6.76M | -5.17M | -4.16M | -4.25M | -3.85M | -1.06M | -2.95M |
| Pretax Margin % | -0.73% | -1% | -0.03% | 0.29% | -1.45% | -1.91% | -0.68% | -0.33% | -8.02% | -6.63% | -1.83% | -2.14% | -6.78% | -7.03% | -4.63% | -3.7% | -6.9% | -7.62% | -2.74% | -12.76% |
| Income Tax | 44K | -829K | 89K | 0 | 0 | 0 | 0 | 0 | 0 | -26K | 0 | 0 | 0 | -221K | 0 | 0 | 0 | 352K | 0 | 0 |
| Effective Tax Rate % | -1.29% | 16.44% | -46.6% | 0% | 0% | 0% | 0% | 0% | 0% | 0.22% | 0% | 0% | 0% | 3.27% | 0% | 0% | 0% | -9.15% | 0% | 0% |
| Net Income | -3.42M | -4.2M | -447K | 1.51M | -4.97M | -6.64M | -2.59M | -1.22M | -16.1M | -11.96M | -4.02M | -4.12M | -7.39M | -6.54M | -6M | -4.08M | -4.12M | -4.2M | -1.11M | -3.11M |
| Net Margin % | -0.73% | -0.83% | -0.08% | 0.28% | -1.4% | -1.89% | -0.69% | -0.36% | -8.02% | -6.6% | -1.87% | -2.22% | -6.86% | -6.8% | -5.38% | -3.63% | -6.67% | -8.31% | -2.85% | -13.45% |
| Net Income Growth % | 31.13% | 36.73% | 82.71% | 224.44% | 69.14% | 44.48% | 35.74% | 70.5% | -117.67% | -82.99% | 32.98% | -1.01% | -79.71% | -55.78% | -442.37% | -31.26% | -4.63% | -204.57% | -155.07% | -49.4% |
| Net Income (Continuing) | -3.46M | -4.21M | -280K | 1.55M | -5.12M | -6.71M | -2.54M | -1.11M | -16.1M | -11.99M | -3.94M | -3.97M | -7.32M | -6.76M | -5.17M | -4.16M | -4.25M | -3.84M | -1.06M | -2.95M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -111K | -90K | -47K | -218K | -233K | -3K | 188K | 262K | 171K | 209K | 271K | 489K | 343K | 263K | 213K | 135K | 84K | 0 | 0 | 14.82M |
| EPS (Diluted) | -0.02 | -0.02 | -0.00 | 0.01 | -0.02 | -0.03 | -0.01 | -0.01 | -0.09 | -0.07 | -0.02 | -0.02 | -0.04 | -0.04 | -0.03 | -0.02 | -0.02 | -0.02 | -0.01 | -0.03 |
| EPS Growth % | 37.04% | 42.42% | 84.73% | - | 72.13% | 50% | 41.26% | 72.05% | -110.63% | -80.33% | 33.43% | 0% | -76.17% | -67.89% | - | 18.51% | 39.12% | -61.48% | - | -84.87% |
| EPS (Basic) | -0.02 | -0.02 | -0.00 | 0.01 | -0.02 | -0.03 | -0.01 | -0.01 | -0.09 | -0.07 | -0.02 | -0.02 | -0.04 | -0.04 | -0.03 | -0.02 | -0.02 | -0.02 | -0.01 | -0.03 |
| Diluted Shares Outstanding | 223.69M | 221.31M | 219M | 233.37M | 204.38M | 201.3M | 196.67M | 189.05M | 184.69M | 181.27M | 180.61M | 179.76M | 178.63M | 178.5M | 179.47M | 178.33M | 174.75M | 192.25M | 165.7M | 110.66M |
| Basic Shares Outstanding | 223.69M | 221.31M | 219M | 214.79M | 204.38M | 201.3M | 196.67M | 189.05M | 184.69M | 181.27M | 180.61M | 179.76M | 178.63M | 178.5M | 179.47M | 178.33M | 174.75M | 184.83M | 165.7M | 110.66M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |