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The Real Brokerage Inc is a technology-powered real estate brokerage firm located in the United States and Canada. It has developed a proprietary transaction management and brokerage operations software called reZEN, which powers nearly all of its brokerage operations, enabling efficiency, automation, and flexibility by incorporating end-to-end transaction management, automated compliance and brokerage oversight, integrated payments and financial services, Leo CoPilot, and open API for customization. In addition, the company also offers mortgage brokering and title services. The company's operating segments are North American Brokerage, which derives key revenue, One Real Title, One Real Mortgage, and Real Wallet. Geographically, it derives key revenue from the United States.
2018
407
LTM Revenue $1.4B
LTM EBITDA $43.4M
$890M
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Real Brokerage has a last 12-month revenue of $1.4B and a last 12-month EBITDA of $43.4M.
In the most recent fiscal year, Real Brokerage achieved revenue of $1.3B and an EBITDA of -$24.7M.
Real Brokerage expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Real Brokerage valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $689M | $1.3B | XXX | XXX | XXX |
| Gross Profit | $31.9M | $62.9M | XXX | XXX | XXX |
| Gross Margin | 5% | 5% | XXX | XXX | XXX |
| EBITDA | -$26.0M | -$24.7M | XXX | XXX | XXX |
| EBITDA Margin | -4% | -2% | XXX | XXX | XXX |
| Net Profit | -$20.6M | -$27.5M | XXX | XXX | XXX |
| Net Margin | -3% | -2% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Real Brokerage's stock price is $4.
Real Brokerage has current market cap of $910M, and EV of $890M.
See Real Brokerage trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $890M | $910M | XXX | XXX | XXX | XXX | $-0.12 |
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Sign UpAs of April 15, 2025, Real Brokerage has market cap of $910M and EV of $890M.
Real Brokerage's trades at 0.6x LTM EV/Revenue multiple, and 20.5x LTM EBITDA.
Analysts estimate Real Brokerage's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Real Brokerage and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $890M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | -36.1x | XXX | XXX | XXX |
| P/E | -34.3x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 18.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpReal Brokerage's NTM/LTM revenue growth is 27%
Real Brokerage's revenue per employee for the last fiscal year averaged $3.1M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Real Brokerage's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Real Brokerage's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Real Brokerage and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 84% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -2% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -5% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 25% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $3.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 10% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| New Amsterdam Invest | XXX | XXX | XXX | XXX | XXX | XXX |
| IEP Invest | XXX | XXX | XXX | XXX | XXX | XXX |
| Immobel | XXX | XXX | XXX | XXX | XXX | XXX |
| Inclusio | XXX | XXX | XXX | XXX | XXX | XXX |
| Compagnie Financiere | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Real Brokerage acquired XXX companies to date.
Last acquisition by Real Brokerage was XXXXXXXX, XXXXX XXXXX XXXXXX . Real Brokerage acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Real Brokerage founded? | Real Brokerage was founded in 2018. |
| Where is Real Brokerage headquartered? | Real Brokerage is headquartered in United States of America. |
| How many employees does Real Brokerage have? | As of today, Real Brokerage has 407 employees. |
| Who is the CEO of Real Brokerage? | Real Brokerage's CEO is Mr. Tamir Poleg. |
| Is Real Brokerage publicy listed? | Yes, Real Brokerage is a public company listed on NAS. |
| What is the stock symbol of Real Brokerage? | Real Brokerage trades under REAX ticker. |
| When did Real Brokerage go public? | Real Brokerage went public in 2020. |
| Who are competitors of Real Brokerage? | Similar companies to Real Brokerage include e.g. New Amsterdam Invest, IEP Invest, Immobel, Inclusio. |
| What is the current market cap of Real Brokerage? | Real Brokerage's current market cap is $910M |
| What is the current revenue of Real Brokerage? | Real Brokerage's last 12-month revenue is $1.4B. |
| What is the current EBITDA of Real Brokerage? | Real Brokerage's last 12-month EBITDA is $43.4M. |
| What is the current EV/Revenue multiple of Real Brokerage? | Current revenue multiple of Real Brokerage is 0.6x. |
| What is the current EV/EBITDA multiple of Real Brokerage? | Current EBITDA multiple of Real Brokerage is 20.5x. |
| What is the current revenue growth of Real Brokerage? | Real Brokerage revenue growth between 2023 and 2024 was 84%. |
| Is Real Brokerage profitable? | Yes, Real Brokerage is EBITDA-positive (as of the last 12 months). |
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