Real Brokerage Revenues Rise 30% Amid Acquisition Costs
The real estate technology company reported revenues of $700.6 million for the three months ended June 30, 2026, a 30% increase over the prior-year period
Real Brokerage Inc. (REAX), a real estate technology company operating in the U.S. and Canada, reported a 30% increase in total revenues to $700.6 million for the three months ended June 30, 2026. For the six months ended June 30, 2026, revenues reached $1.2 billion, up 30% from $889.2 million in the same period in 2025.
The company attributed the growth in its North American Brokerage segment to higher closed transaction volumes and an increase in productive agents, which the company said reflected continued market share gains. Brokerage commissions accounted for the bulk of the growth, rising 30% year-over-year to $696.4 million in the second quarter.
Despite the revenue growth, the company reported a net loss of $8.0 million for the three months ended June 30, 2026, compared to a net income of $1.6 million in the prior-year quarter. The company noted that the net loss was driven primarily by acquisition-related costs. These acquisition costs totaled $11.6 million for the quarter.
Operating expenses for the North American Brokerage segment rose 20% to $50.8 million for the three-month period. The company stated this increase was due to higher personnel and technology costs to support growth, as well as agent-related variable costs including agent stock-based compensation and revenue share.
Real Brokerage also expanded its ancillary services. Revenues for the Real Wallet segment rose 140% to $592,000 for the three months ended June 30, 2026. The company attributed this increase to expanded business lending through Capital, increased Real-branded debit card activity, and growth in agent deposits held in business checking accounts.
Cash flows from operating activities were $47.2 million for the three months ended June 30, 2026, compared to $41.0 million for the same period in 2025. This result was favorably impacted by $21.8 million in non-cash stock-based compensation and a $9.8 million increase in accrued liabilities.
As of June 30, 2026, the company held $86.6 million in cash, cash equivalents, and investments, up from $49.9 million at the end of 2025. The company continues to focus on diversifying revenue streams through ancillary services including One Real Mortgage and One Real Title.