Real Brokerage Posts Strong Q4 with Nearly 93% Revenue Surge

Published 7 hours agoREAX

Real Brokerage Posts Strong Q4 with Nearly 93% Revenue Surge

The Real Brokerage Inc. has reported impressive financial results for the fourth quarter of 2024, spotlighting a remarkable 93% revenue rise to $350.6 million, up from $181.3 million in the same quarter of 2023. This surge surpassed analysts' expectations of $300.1 million. The company's earnings per share (EPS) showed a GAAP loss of $0.03, which was better than the anticipated $0.05 loss. Meanwhile, adjusted EBITDA increased to $9.1 million compared to $8.5 million the previous year. Additionally, Real Brokerage managed to cut its net loss to $6.6 million from $12.0 million a year earlier, according to information from ca.investing.com.

In the broader context of 2024, Real Brokerage's annual revenue climbed 84% to $1.26 billion from 2023, as reported by Nasdaq. The firm's gross profit witnessed an 82% boost, reaching $114.7 million, while its adjusted EBITDA surged to $40.0 million from $13.9 million the prior year. Notably, the brokerage closed over 120,600 transactions, demonstrating strong operational growth with an 81% increase from the prior year’s 66,646. The firm ended the year with a significant rise in agent count, totaling 24,140, up 77% year-over-year.

To further drive growth and innovation, The Real Brokerage launched the Real Wallet, a financial technology platform aimed at providing agents with business checking accounts and credit lines. Nasdaq also highlighted the firm's adaptive approach in 2025, with fee adjustments in the U.S. and Canadian markets to support further tech investments and enhance agent services. These strategic moves underscore the company's focus on maintaining its growth momentum in the evolving real estate sector.

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