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Real Brokerage Inc

Real Brokerage Inc

REAX
$20.28USD+9.44%+1.75 today

MARKET CAP

444.6M

P/E (TTM)

FWD P/E

545.5x

DAY RANGE

$19 – $20

52W RANGE

$16
$53

AI Summary

Stalk
TrimMedium

REAX remains in a Stage 4 decline with sustained supply dominance evidenced by the active Lower Highs & Lower Lows pattern under declining EMAs and heavy distribution. The medium-term bias is Bearish, and short-term conditions are unfavorable for selling as price trades above the 9/21 EMAs following an oversold bounce. Execution should be deferred until price re-tests and rejects key overhead resistance at the 50 SMA and prior minor highs. A decisive break above the 50 SMA would invalidate the bearish posture.

  • Q2 2025 revenue reached $541M (+59% YoY) amid 62% transaction growth.
  • Ancillary services, e.g., One Real Mortgage, grew ~80%, diversifying mix.
  • Negative earnings yield and weak profitability score signal margin pressure.
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The case for & against

Bull & Bear analysis

Bullish

The Real Brokerage, Inc. (NASDAQ: REAX) is an innovative player in the real estate technology sector, integrating advanced technology to enhance agent productivity and streamlining the transaction experience. The company differentiates itself from traditional brokerages by leveraging a technology-driven platform that eliminates the need for physical office spaces, ultimately aiming to empower agents through financial incentives and a supportive culture. Real is capitalizing on the growing trend of technology integration within the real estate industry, particularly as consumer preferences shift towards more digital and efficient transaction processes.

Bull says

  • Q2 2025 revenue reached $541M (+59% YoY) amid 62% transaction growth.
  • Ancillary services, e.g., One Real Mortgage, grew ~80%, diversifying mix.
  • Launched AI assistant 'Leo' to boost agent productivity and efficiency.
  • RE/MAX acquisition aims to leverage brand synergy and expand reach.
  • Analysts rate REAX Moderate Buy; $5.69 average target implies ~245% upside.
  • High growth potential and strong fundamentals underpin investor interest.

Bear says

  • Negative earnings yield and weak profitability score signal margin pressure.
  • Operating expenses up 17% YoY to $45.6M, compressing cash flow.
  • Volatile market and higher interest rates risk transaction volumes.
  • Execution risks from RE/MAX integration may impede agent retention.
  • High leverage risk and negative momentum factor suggest downside risk.
  • Elevated short interest reflects market skepticism on growth outlook.

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 05-13-2025bullish

Transcript signals

Bull points

  • Revenue in the first quarter of 2024 rose to $201 million, an increase of 86% versus the first quarter of 2023.
  • This was primarily driven by an 86% increase in brokerage revenue, which saw a 74% increase in the number of transactions closed, which topped 19,000 in the quarter and a 7% increase in average revenue per transaction.
  • Gross profit for the first quarter of 2024 was $20.8 million, an increase of 92% from $10.8 million in the first quarter of 2023 and reached a new quarterly record.
Read full transcript analysis ›