The Real Brokerage Inc. Q3 2025 Earnings Recap

Real Brokerage delivered robust Q3 results, with a 53% year-over-year revenue increase driven by significant agent growth and enhanced productivity, all while approaching breakeven on net loss.

Key Takeaways

• Revenue surged to $569 million, with brokerage revenue contributing $565 million, reflecting a 53% growth.
• Closed transactions increased nearly 50% year-over-year, surpassing 53,500 and pushing agent count above 30,100, marking a 39% year-on-year gain.
• Adjusted EBITDA improved by 54% to $20.4 million, supporting positive operating cash flow of approximately $9 million.
• Launch of Real Wallet Capital adds a unique financing solution for agents, enhancing both retention and competitive differentiation.
• Real continues to innovate with AI-driven operational efficiencies, saving over 10,000 hours annually through workflow automation.