The Real Brokerage Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $480.3M
- Price
- $12.66
- % Change (Daily % change from the live per-ticker quote feed.)
- -14.46%
- Volume
- 1.7M
About
Operating with its various subsidiaries, The Real Brokerage Inc. functions as a technology-driven real estate brokerage enterprise. The company delivers comprehensive real estate agency solutions through an expansive network of agents. It equips its agents with a cutting-edge, mobile-optimized technological platform for managing their business activities, alongside offering favorable contractual terms and avenues for generating wealth. Its operations span 42 states across the United States, the District of Columbia, and Canada. The Real Brokerage Inc.'s corporate headquarters are located in Toronto, Canada.
Quick stats
Shares outstanding37.9M
Computed float26.1M
Float / shares68.9%
Key info
SectorReal Estate
IndustryReal Estate - Services
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002136387
Websitehttps://realremaxgroup.com
AI Summary
AI-generated1/50
majormixedearnings
Real REMAX Group Announces Third Quarter 2026 Results
Real REMAX Group's first combined quarter since closing the Real-REMAX merger delivered revenue of $727.9 million, up 28% year-over-year, with Adjusted EBITDA up 66% to $33.8 million.
GAAP results showed a $67.2 million net loss ($2.25 per diluted share), driven by $52.3 million of acquisition costs and $26.4 million of accelerated stock compensation; management has actioned over $40 million in annualized cost savings in the first two months post-close.
Guidance calls for Q4 revenue of $575-625 million and 2027 Adjusted EBITDA of $175-190 million, even assuming U.S. existing-home sales decline 5-10% next year.
Watch items: Real agents slipped to roughly 36,200 by November 3 from 36,610 at quarter-end amid housing weakness, and the company carries a $525 million term loan it aims to deleverage below 2.0x net leverage by end of 2028.
Red flags
- Post-quarter agent attrition: Real agent count fell to ~36,200 by Nov 3 from 36,610 at quarter-end
- Large GAAP net loss of $67.2M driven by one-time acquisition and severance charges
- Assumes 5-10% decline in U.S. existing-home sales and 3-4% home price decline in 2027
- $550M term loan incurred for merger; deleveraging target below 2.0x not until end of 2028
- REMAX U.S./Canada agent count down 3% YoY