REAX - The Real Brokerage Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$4.25
DETAILS
HIGH:
$4.25
LOW:
$4.25
MEDIAN:
$4.25
CONSENSUS:
$4.25
UPSIDE:
138.76%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 1,968.4 | 1,264.6 | 689.2 | 381.8 | 121.7 | 16.6 | 15.8 | 8.4 |
| Cost of Revenue | 1,804.7 | 1,149.9 | 626.3 | 349.8 | 110.6 | 14.4 | 13.8 | 7.1 |
| Gross Profit | 163.8 | 114.7 | 62.9 | 31.9 | 11.1 | 2.2 | 2.0 | 1.3 |
| Operating Expenses | ||||||||
| R&D Expenses | 17.4 | 12.2 | 7.4 | 4.9 | 4.0 | 0.2 | 0.2 | 0.6 |
| SG&A Expenses | 154.8 | 117.2 | 81.5 | 46.8 | 18.4 | 4.7 | 3.4 | 0.1 |
| Other Expenses | 0 | 10.6 | 0 | (0.6) | (0.2) | (0.2) | 0 | 0 |
| Operating Expenses | 172.3 | 140.0 | 88.9 | 51.1 | 22.1 | 4.8 | 3.6 | 0.1 |
| Operating Income | ||||||||
| Operating Income | (8.5) | (25.2) | (26.0) | (19.2) | (11.0) | (2.6) | (1.7) | (0.1) |
| Interest Expense | 0.6 | 1.1 | 0.1 | 0.9 | 0.1 | 0.1 | 0.6 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0.2 |
| Profitability | ||||||||
| EBITDA | (6.6) | (24.7) | (25.5) | (19.6) | (11.1) | (3.4) | (1.5) | (0.1) |
| EBIT | (8.5) | (26.1) | (26.6) | (19.8) | (11.3) | (3.5) | (1.7) | (2.4) |
| Income Before Tax | (8.8) | (26.5) | (27.2) | (20.3) | (11.7) | (3.6) | (2.3) | (0.1) |
| Income Tax Expense | (0.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (8.1) | (26.5) | (27.5) | (20.6) | (12.3) | (4.5) | (2.8) | (0.1) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.04 | -0.14 | -0.15 | -0.12 | -0.07 | -0.04 | -0.02 | -0.00 |
| EPS (Diluted) | -0.04 | -0.14 | -0.15 | -0.12 | -0.07 | -0.04 | -0.02 | -0.00 |
| Shares Outstanding | 219.9 | 191.2 | 178.1 | 178.2 | 175.3 | 101.8 | 140.1 | 140.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 59.6 | 23.4 | 14.7 | 10.8 | 29.1 | 21.2 | 0.1 | 0.4 |
| Short-Term Investments | 16.7 | 9.4 | 14.2 | 7.9 | 8.8 | 0 | 0 | 0 |
| Net Receivables | 26.4 | 14.4 | 6.5 | 1.6 | 0.3 | 0.3 | 0.1 | 0.3 |
| Inventory | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0 | (0.5) |
| Other Current Assets | 3.1 | 24.1 | 12.9 | 7.5 | 3.3 | 0.0 | 0.0 | 0.2 |
| Total Current Assets | 105.8 | 72.9 | 50.5 | 28.4 | 38.7 | 21.7 | 0.2 | 0.4 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 2.5 | 2.1 | 1.6 | 1.4 | 0.3 | 0.2 | 0.2 | 0.3 |
| Goodwill | 9.0 | 9.0 | 9.0 | 10.3 | 0.6 | 0 | 0 | 0 |
| Intangible Assets | 4.2 | 2.6 | 3.4 | 3.7 | 0.5 | 0 | 0 | 0 |
| Long-Term Investments | 4.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | (15.4) | 0 | (0.2) | (0.2) | 0 |
| Total Non-Current Assets | 21.1 | 13.7 | 14.0 | 15.4 | 1.3 | 0.2 | 0.2 | 0.3 |
| Total Assets | 126.9 | 86.6 | 64.5 | 43.8 | 40.0 | 21.9 | 0.4 | 0.4 |
| Current Liabilities | ||||||||
| Account Payables | 1.2 | 1.4 | 0.6 | 0.5 | 0.1 | 0.8 | 0.3 | 0.4 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 24.1 | 0 | 7.5 | 3.3 | 0 | 0 | 0 |
| Other Current Liabilities | 74.1 | 3.0 | 13.2 | 8.7 | 0.0 | 0.1 | 0.0 | (0.5) |
| Total Current Liabilities | 75.3 | 54.5 | 27.2 | 21.1 | 12.3 | 1.0 | 0.5 | 0.0 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 11.8 | 10.8 |
| Deferred Tax Liabilities | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0.3 | 0.2 | 2.9 | 0.0 | 0 | 0 |
| Total Non-Current Liabilities | 0.0 | 0 | 0.3 | 0.2 | 2.9 | 0.1 | 11.8 | 11.0 |
| Total Liabilities | 75.3 | 54.5 | 27.5 | 21.3 | 13.0 | 1.1 | 12.3 | 0.0 |
| Stockholders' Equity | ||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0.4 |
| Retained Earnings | (112.9) | (104.7) | (78.2) | (50.7) | (30.1) | (18.4) | (14.8) | (0.1) |
| Accumulated Other Comprehensive Income | 0.3 | 0.7 | 52.8 | 24.6 | 6.4 | 2.8 | 1.6 | 0.1 |
| Total Stockholders' Equity | 51.7 | 32.1 | 36.9 | 22.2 | 27.0 | 6.0 | (11.9) | 0.3 |
| Total Liabilities & Equity | 126.9 | 86.6 | 64.5 | 43.8 | 40.0 | 21.9 | 0.4 | 0.4 |
| Debt Metrics | ||||||||
| Total Debt | 0 | 0 | 0 | 0.1 | 0.1 | 0.2 | 12.0 | 11.0 |
| Net Debt | (59.6) | (23.4) | (14.7) | (10.8) | (29.0) | (21.0) | 11.9 | 10.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (8.1) | (26.5) | (27.5) | (20.3) | (12.0) | (3.6) | (2.3) | (2.5) |
| Depreciation & Amortization | 1.9 | 1.4 | 1.1 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 |
| Stock-Based Compensation | 0 | 52.9 | 38.4 | 16.2 | 4.0 | 1.1 | 0.5 | (0.0) |
| Change in Working Capital | 5.0 | 19.9 | 6.7 | 9.6 | 11.0 | 0.2 | 0.3 | (0.3) |
| Other Non-Cash Items | 68.0 | 1.1 | 1.1 | 0.2 | 0.7 | 0.6 | (0.0) | 0.1 |
| Operating Cash Flow | 65.9 | 48.7 | 19.9 | 6.0 | 3.9 | (1.6) | (1.3) | (0.0) |
| Investing Activities | ||||||||
| Capital Expenditure | (1.1) | (1.0) | (0.6) | (1.4) | (0.2) | (0.0) | 0 | 0 |
| Acquisitions | 0 | 0 | 6 | (8.3) | (1.1) | 0 | 0 | 0 |
| Purchases of Investments | (18.3) | (1.7) | (6.8) | (0.1) | (8.9) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 8.6 | 6.5 | 0.8 | 0.1 | 1.1 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | (6) | 0.6 | (1.1) | 0 | (0.0) | (0.0) |
| Investing Cash Flow | (13.6) | 3.8 | (6.6) | (9.0) | (10.2) | (0.0) | (0.0) | (0.0) |
| Financing Activities | ||||||||
| Net Debt Issuance | 0 | 0 | (0.1) | (0.0) | 0 | 0.1 | (0.1) | (0.1) |
| Stock Repurchased | (39.4) | (36.3) | (2.9) | (8.1) | (12.6) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (3.1) | 3.1 | (1.0) | 0.2 | (0.1) | 20.7 | 0 | 1.3 |
| Financing Cash Flow | (40.2) | (33.1) | (4.0) | (7.8) | 14.0 | 22.9 | 0.9 | 0.4 |
| Cash Position | ||||||||
| Net Change in Cash | 12.1 | 19.8 | 9.3 | (10.8) | 7.9 | 21.2 | (0.4) | 0.4 |
| Cash at Beginning | 47.5 | 27.7 | 18.3 | 29.1 | 21.2 | 0.1 | 0.5 | (0.1) |
| Cash at End | 59.6 | 47.5 | 27.7 | 18.3 | 29.1 | 21.2 | 0.1 | 0.4 |
| Free Cash Flow | 64.8 | 47.7 | 19.2 | 4.6 | 3.8 | (1.6) | (1.3) | (0.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 1,968.4 | 1,264.6 | 689.2 | 381.8 | 121.7 | 16.6 | 15.8 | 8.4 |
| Gross Profit | 163.8 | 114.7 | 62.9 | 31.9 | 11.1 | 2.2 | 2.0 | 1.3 |
| Operating Income | (8.5) | (25.2) | (26.0) | (19.2) | (11.0) | (2.6) | (1.7) | (0.1) |
| Net Income | (8.1) | (26.5) | (27.5) | (20.6) | (12.3) | (4.5) | (2.8) | (0.1) |
| EPS (Diluted) | -0.04 | -0.14 | -0.15 | -0.12 | -0.07 | -0.04 | -0.02 | -0.00 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 59.6 | 23.4 | 14.7 | 10.8 | 29.1 | 21.2 | 0.1 | 0.4 |
| Total Assets | 126.9 | 86.6 | 64.5 | 43.8 | 40.0 | 21.9 | 0.4 | 0.4 |
| Total Debt | 0 | 0 | 0 | 0.1 | 0.1 | 0.2 | 12.0 | 11.0 |
| Stockholders' Equity | 51.7 | 32.1 | 36.9 | 22.2 | 27.0 | 6.0 | (11.9) | 0.3 |
| Cash Flow | ||||||||
| Operating Cash Flow | 65.9 | 48.7 | 19.9 | 6.0 | 3.9 | (1.6) | (1.3) | (0.0) |
| Capital Expenditure | (1.1) | (1.0) | (0.6) | (1.4) | (0.2) | (0.0) | 0 | 0 |
| Free Cash Flow | 64.8 | 47.7 | 19.2 | 4.6 | 3.8 | (1.6) | (1.3) | (0.0) |