Canada's Real Matters Q1 revenue up 14%, beats estimates

Real Matters

29/01/2026 11:53

Overview

Canada's Real Matters fiscal Q1 revenue rose 14% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q1 missed analyst expectations

Company launched eight new clients, including two top-100 lenders

Outlook

Company sees substantial opportunity in U.S. mortgage refinance market due to high interest rates

Real Matters remains cautiously optimistic about improving U.S. mortgage market fundamentals

Company aims to grow market share through client additions and performance improvements

Result Drivers

NEW CLIENTS - Launched eight new clients, including two top-100 lenders, contributing to revenue growth

REFINANCE VOLUMES - U.S. Title refinance origination revenues up 135% year-over-year due to new client volumes and market share gains

MARKET OPPORTUNITY - Large pool of refinance candidates in U.S. mortgage market presents growth opportunity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$46.50 mln
$12.08 mln (5 Analysts)
Q1 Adjusted EPS
Miss
-$0.01
$0 (3 Analysts)
Q1 Adjusted EBITDA
$100,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy"

Wall Street's median 12-month price target for Real Matters Inc is C$8.00, about 24.8% above its January 28 closing price of C$6.41

The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 67 three months ago

Press Release: ID:nGNX52QnLq

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)