Canada's Real Matters Q2 revenue beats estimates, swings to profit

Real Matters

01/05/2026 11:54

Overview

Canada network management platform's Q2 revenue rose 27% yr/yr, beating analyst expectations

Company returned to profit with Q2 net income of $1.2 mln vs loss yr ago

Outlook

Company expects U.S. Title segment to be an increasingly important growth engine

Real Matters remains focused on adding clients and deepening market share

Result Drivers

U.S. TITLE GROWTH - U.S. Title segment revenue surged 127% yr/yr, driven by new client wins, market share gains, and improved refinance market conditions

APPRAISAL VOLUME - U.S. Appraisal revenues rose 26% yr/yr, supported by higher mortgage origination volumes

Company press release: ID:nGNX5Mh0c8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$47.20 mln
$12.83 mln (4 Analysts)
Q2 EPS
$0.02
Q2 Net Income
$1.20 mln
Q2 Adjusted EBITDA
$900,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "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 39.1% above its April 30 closing price of C$5.75

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 39 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)