Real Brokerage Q1 revenue rises 32% but misses estimates

Real REMAX

07/05/2026 12:11

Overview

U.S. real estate tech platform's Q1 revenue rose 32% yr/yr but missed analyst expectations

Adjusted EBITDA for Q1 increased 80% and beat analyst estimates

Company agreed to acquire RE/MAX Holdings, forming new Real REMAX Group

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

AGENT AND TRANSACTION GROWTH - Co said 25% increases in both agent count and transaction count drove higher revenue and validated its platform strategy

ANCILLARY BUSINESS EXPANSION - Revenue from title, mortgage, and Real Wallet businesses grew strongly, reflecting increased adoption of the Real ecosystem

OPERATING LEVERAGE - Revenue and gross profit each grew faster than operating expenses, supporting improved net loss, per CFO Ravi Jani

Company press release: ID:nBwb3rCBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$465.60 mln
$481.87 mln (6 Analysts)
Q1 EPS
-$0.02
Q1 Net Income
-$3.40 mln
Q1 Adjusted EBITDA
Beat
$14.90 mln
$10.47 mln (6 Analysts)
Q1 Gross Profit
$42.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Real Brokerage Inc is $5.00, about 139.2% above its May 6 closing price of $2.09

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.)