The Real Brokerage Inc. Q2 2026 Earnings Recap

Shares rallied 23.7% as Real Brokerage delivered revenue and EBITDA growth that materially outpaced the challenging housing market backdrop, reflecting strong unit growth, improving agent productivity, and positive momentum ahead of the RE/MAX transaction.

Key Takeaways

• Revenue rose 30% year-over-year to $700.6 million, driven by a 27% increase in closed transactions to a record 62,380.
• Adjusted EBITDA increased 38% to $27.6 million, reflecting improved core profitability amid difficult market conditions.
• Agent count expanded 26% year-over-year to approximately 35,350, with early Q3 numbers exceeding 36,000 agents.
• Average agent productivity improved by 1%, and average revenue per transaction increased 2%, indicating operational leverage.
• The company reiterated expected cost synergies of approximately $30 million within three years post-close of the pending RE/MAX transaction.