Core Insights - The Real Brokerage Inc. has surpassed 30,000 agents, reflecting rapid growth and strong demand for its technology-driven, agent-first real estate platform [1][2][7] - The company has advanced in the RealTrends Verified Brokerage Rankings, moving from No. 10 to No. 5 in sales volume and securing the No. 6 position in transaction sides [2][6] Company Growth - The number of agents increased from slightly over 20,000 to over 30,000 within a year, showcasing the company's effective growth strategy [1][2] - Real's proprietary software platform, reZEN, has facilitated rapid and efficient scaling, allowing agents to focus on business growth rather than administrative tasks [3][4] Technology and Services - Real offers a fully integrated real estate ecosystem that combines brokerage, mortgage, title, and fintech services, enhancing the client experience [4][6] - The Real Wallet platform provides eligible U.S. agents with business checking accounts and faster access to earnings, with deposits reaching approximately $16 million and serving over 3,600 agents [5][6] Future Outlook - The company aims to continue building a transformative platform for the next generation of real estate professionals, emphasizing innovation, support, and community [2][6]

Financial Performance - The company's revenue for the three months ended June 30, 2025, was $540747 thousand, compared to $340778 thousand for the same period in 2024[194] - Gross profit for the three months ended June 30, 2025, was $47861 thousand, compared to $31868 thousand for the same period in 2024[194] - Net income attributable to the owners of the company for the three months ended June 30, 2025, was $1512 thousand, compared to a net loss of $1215 thousand for the same period in 2024[194] - Adjusted EBITDA for the Q2 2025 was $20043 thousand[199] Agent Network and Transactions - The company has grown agent count by over 7x since the end of 2021[26, 69] - Total agents reached 28034 by Q2 2025[109] - Closed transaction sides reached 49282 in Q2 2025[208] Operational Efficiency - Agent-to-full time brokerage employee ratio was 87:1 in Q2 2025[65] - Adjusted operating expenses have declined from 74% to 50% over the past two years[65] Agent Incentives and Technology - Agents receive 85% of gross commissions before reaching an annual cap of $12000 in the US and CAD $15000 in Canada[41, 130] - Real Wallet generated $247K in revenue in Q2 2025 and was used by ~3600 Real agents as of July 2025[76] Market Outlook - Real's Agent Optimism Index increased to 595 in June from 570 in May, with 38% of agents feeling more optimistic[164] - In June 2025, 48% of agents indicated their local market favored buyers[169]

Company Overview - The Real Brokerage Inc was founded in 2014 and aims to disrupt the traditional real estate brokerage model by offering agents higher value at a lower cost[11] - The company's vision is to redefine the home buying and selling process and enable agents to build long-term wealth[11] Financial Performance - The company's last twelve months revenue as of Q1 2025 was $1418 million[13] - The company's last twelve months Adjusted EBITDA as of Q1 2025 was $446 million[15] - As of Q1 2025, the company had 26870 agents[13] - The company's gross profit for the three months ended March 31, 2025, was $33936 thousand[164] Agent Value Proposition - The company offers a competitive 85%/15% commission split, favoring agents, with agents keeping all gross commission income after reaching a $12000 annual cap[40] - The company provides a revenue sharing model where agents can earn additional income by receiving a percentage of commissions generated by agents they attract to Real[40] Technology and Innovation - The company's proprietary software platform, reZEN, offers a comprehensive range of tools for real estate agents[54] - The company launched Real Wallet in Q4 2024, offering a Real-branded debit card for U S agents and a business line of credit for Canadian agents, generating $126K in revenue in Q1 2025[60,62] Market Position and Growth - Since 2021, Real has grown agent count by over 6x, even as the Existing Home Sales market has declined by over 30% during that time[24] - The company represents less than 2% of the US agent market share[72]