Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Real Brokerage Inc. (REAX)
:REAX
Holding REAX?
Track your performance easily
Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.07Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Aug 26, 2020
|% Change Since: -19.50%
|Next Earnings Date:Aug 26, 2020
Earnings Call Sentiment|Positive
The call highlighted strong revenue growth and agent expansion, along with successful implementation of new AI technologies, despite ongoing market challenges and profitability issues in some non-U.S. operations. The focus on innovation and strategic growth initiatives suggests a positive outlook.Company Guidance
During The Real Brokerage's Q3 2024 earnings call, the company announced a substantial 74% year-over-year revenue increase to $372.5 million, driven by a 76% rise in closed transactions, specifically noting an 88% growth in U.S. transactions. Gross profit reached $32.1 million, marking a 71% increase from the previous year, and adjusted EBITDA significantly improved to $13.3 million from $3.5 million in Q3 2023. The company ended the quarter with 21,770 agents, reflecting a 79% increase from the prior year, and has since surpassed 22,500 agents. Their mortgage and title business lines also exhibited impressive growth, with a combined 97% increase, including over 200% growth in the mortgage segment. Despite ongoing market challenges, such as affordability issues and a downturn in existing home sales, the company remains optimistic due to its strategic initiatives, including the launch of innovative AI tools like Leo Copilot and consumer-facing platforms, which aim to enhance agent productivity and client experience.Record-Breaking Revenue and Growth
Revenue in Q3 2024 increased by 74% to $372.5 million compared to the prior year, driven by a 76% increase in the number of transactions closed. This growth was all organic and contrasted with a 2% decline in existing home sale industry transactions during the quarter.
Significant Agent Growth
The number of agents increased by 79% year-over-year to 21,770 by the end of Q3 2024, with the count exceeding 22,500 by the beginning of Q4 2024.
Strong Ancillary Business Performance
The mortgage and title business lines grew by a combined 97% year-over-year, with over 200% growth in mortgage services.
Introduction of Innovative AI Tools
Launch of Leo Copilot, an AI-driven tool integrated into the company's software platform, and Leo for Clients, an AI-enhanced consumer-facing platform to streamline the home buying process.
Improvement in Adjusted EBITDA
Adjusted EBITDA improved to $13.3 million in Q3 2024 from $3.5 million in Q3 2023, reflecting strong revenue and gross profit growth.
---
REAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
REAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.64 | $6.23 | +10.46% |
| Aug 07, 2024 | $5.46 | $5.45 | -0.18% |
| May 07, 2024 | $4.18 | $5.11 | +22.25% |
| Mar 07, 2024 | $2.84 | $3.43 | +20.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Real Brokerage Inc. (REAX) report earnings?
Real Brokerage Inc. (REAX) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is Real Brokerage Inc. (REAX) earnings time?
Real Brokerage Inc. (REAX) earnings time is at Mar 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REAX EPS forecast?
REAX EPS forecast for the fiscal quarter 2024 (Q4) is -0.05.
---