Real Brokerage (NASDAQ:REAX), a technology platform empowering real estate agents through innovative tools, culture and support, on Wednesday reported financial results for its fourth quarter and full year ended December 31, 2025.
Fourth-quarter revenue reached $505.1 million, an increase of 44% from $350.6 million in the fourth quarter of 2024.
Gross profit for the period rose 30% to $39 million from $30 million in the prior-year period, reflecting improved revenue mix and operational efficiencies.
Operating expenses totaled $44.3 million, up 22% from $36.4 million, primarily due to investments in talent, technology and marketing to support scale.
Net loss attributable to owners of the company narrowed to $4.2 million from $6.6 million in the fourth quarter of 2024.
Basic and diluted loss per share improved to $0.02 from $0.03.
Adjusted EBITDA also increased to $14.2 million from $9.1 million in the prior-year quarter, demonstrating progress toward sustained profitability.