The Real Brokerage Inc. (NASDAQ: REAX), a rapidly growing real estate technology company headquartered in Miami, Florida, has announced impressive financial results for the fourth quarter and full year ending December 31, 2025. The company continues to strengthen its position in the real estate industry by combining advanced technology with a strong agent-focused platform.
During the fourth quarter of 2025, Real generated $505.1 million in revenue, reflecting a 44% year-over-year increase compared to $350.6 million in Q4 2024. The company also reported gross profit of $39 million, up 30% from the previous year. While operating expenses increased to $44.3 million, Real significantly reduced its net loss to $4.2 million, compared to $6.6 million in the same quarter last year.
Chief Executive Officer Tamir Poleg stated that the company’s continued growth demonstrates the strength of its agent-centric model, which provides flexibility, innovative technology, and strong financial opportunities for real estate professionals.
For the full year 2025, Real Brokerage achieved $2.0 billion in total revenue, representing a remarkable 56% increase compared to $1.3 billion in 2024. Gross profit also grew substantially, reaching $165.7 million, while adjusted EBITDA rose to $62.9 million, compared to $40 million the previous year.
Although operating expenses increased to $174.9 million as the company continued investing in its platform and services, Real significantly reduced its annual net loss to $8.1 million, improving from a loss of $26.5 million in 2024. This improvement highlights the company’s focus on scaling efficiently while maintaining disciplined financial management.
The company also generated $65.9 million in operating cash flow during 2025 and ended the year with $49.9 million in cash and short-term investments, with no outstanding debt.
Real Brokerage continues to expand its agent network and transaction activity across North America. By the end of the fourth quarter of 2025, the platform supported 31,739 agents, marking a 31% increase compared to the previous year. As of March 2026, the number of agents on the platform has grown to over 33,200.
Transaction activity also experienced significant growth. The company closed 48,903 transactions in Q4 2025, representing a 38% increase year-over-year. For the entire year, Real completed 185,314 transactions, a 54% increase compared to 2024.
In addition, the total value of completed real estate transactions reached $75.3 billion in 2025, demonstrating strong demand for the company’s digital brokerage platform.
Beyond its brokerage operations, Real continues expanding its ecosystem of services designed to improve the real estate transaction experience.
One Real Mortgage generated $1.5 million in Q4 2025 revenue, a 26% increase year-over-year, driven by the addition of productive loan officers. By early 2026, the platform had 119 mortgage loan officers, including 85 participating in the Real Originate program.
One Real Title produced $1.4 million in revenue during the fourth quarter, while annual revenue reached $5 million. Meanwhile, the company’s fintech platform Real Wallet experienced rapid growth, generating $889,000 in revenue in 2025, compared to just $42,000 in 2024.
More than 7,000 agents now use Real Wallet business checking accounts, with total deposits reaching $22.5 million and credit balances totaling $8 million.
Real Brokerage also made several strategic leadership updates to strengthen its future growth. In January 2026, Kate Gurevich was appointed Chief Executive Officer of One Real Mortgage, bringing over 18 years of experience in the mortgage and real estate sectors.
In February 2026, Ken Pozek, founder of The Pozek Group in Orlando, joined the company’s Board of Directors, adding valuable field-level expertise and agent leadership perspective.
Looking ahead, the company plans to continue investing in technology, expanding ancillary services, and strengthening its agent network. With increasing adoption of its platform and strong financial momentum, Real Brokerage aims to drive sustainable growth while delivering long-term value for both agents and shareholders.
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