(REAX) Real Brokerage - Overview

Sector: Real Estate | Industry: Real Estate Services | Exchange: NASDAQ (USA) | Market Cap: 377m USD | Total Return: -60.5% in 12m

Real Estate Brokerage, Mortgage Lending, Title Insurance, Financial Technology
Total Rating 12
Safety 25
Buy Signal -0.44
Real Estate Services
Industry Rotation: -2.2
Market Cap: 377M
Avg Turnover: 7.91M
Risk 3d forecast
Volatility67.3%
VaR 5th Pctl11.1%
VaR vs Median0.40%
Reward TTM
Sharpe Ratio-1.45
Rel. Str. IBD0.5
Rel. Str. Peer Group2.4
Character TTM
Beta1.152
Beta Downside1.649
Hurst Exponent0.461
Drawdowns 3y
Max DD74.32%
CAGR/Max DD0.17
CAGR/Mean DD0.50
EPS (Earnings per Share) EPS (Earnings per Share) of REAX over the last years for every Quarter: "2021-03": -0.15, "2021-06": -0.05, "2021-09": -0.006, "2021-12": -0.02, "2022-03": -0.03, "2022-06": -0.02, "2022-09": -0.03, "2022-12": -0.04, "2023-03": -0.04, "2023-06": -0.02, "2023-09": -0.02, "2023-12": -0.07, "2024-03": -0.09, "2024-06": -0.01, "2024-09": -0.01, "2024-12": -0.03, "2025-03": -0.02, "2025-06": 0.01, "2025-09": -0.002, "2025-12": -0.02, "2026-03": -0.015,
EPS CAGR: 1.81%
EPS Trend: 36.4%
Last SUE: 0.43
Qual. Beats: 0
Revenue Revenue of REAX over the last years for every Quarter: 2021-03: 9.309, 2021-06: 23.095, 2021-09: 38.798, 2021-12: 50.479, 2022-03: 61.649, 2022-06: 112.356, 2022-09: 111.633, 2022-12: 96.118, 2023-03: 107.845, 2023-06: 185.332, 2023-09: 214.64, 2023-12: 181.341, 2024-03: 200.743, 2024-06: 340.778, 2024-09: 372.488, 2024-12: 350.63, 2025-03: 353.981, 2025-06: 540.747, 2025-09: 568.549, 2025-12: 505.139, 2026-03: 465.551,
Rev. CAGR: 46.09%
Rev. Trend: 94.8%
Last SUE: -0.82
Qual. Beats: 0

Warnings

High Debt/EBITDA (19.9) with thin interest coverage (-10.4)

Interest Coverage Ratio -10.4 is critical

Altman Z'' -2.18 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: REAX Real Brokerage

The Real Brokerage Inc. (REAX) is a technology-driven real estate platform operating across the United States and Canada. The company integrates traditional brokerage services with a proprietary software suite designed to streamline residential transactions. Its business model centers on a cloud-based brokerage structure, which reduces physical overhead costs compared to traditional brick-and-mortar competitors.

Beyond agent representation, the firm provides a vertically integrated stack of ancillary services, including mortgage origination, title insurance, and escrow services. This multi-revenue stream approach is common among modern proptech firms seeking to capture more value from the end-to-end homebuying lifecycle. For a deeper look at the fundamental metrics driving this company, ValueRay offers additional data points.

Founded in 2014 and headquartered in Miami, Florida, the company operates within the Real Estate Development GICS sub-industry. By utilizing financial technology and lending products, the firm aims to digitize the administrative components of real estate for both agents and consumers.

Headlines to Watch Out For
  • Agent headcount growth drives gross commission income and market share expansion
  • Mortgage and title service integration increases high-margin ancillary revenue capture
  • High mortgage rates and low housing inventory suppress transaction volume
  • Scalable cloud-based infrastructure reduces operational overhead compared to traditional brokerages
  • Competitive commission split structures attract top-performing agents from legacy competitors
Piotroski VR‑10 (Strict) 3.5
Net Income: -6.56m TTM > 0 and > 6% of Revenue
FCF/TA: 0.52 > 0.02 and ΔFCF/TA 1.48 > 1.0
NWC/Revenue: 2.18% < 20% (prev 1.13%; Δ 1.06% < -1%)
CFO/TA 0.53 > 3% & CFO 82.8m > Net Income -6.56m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.50 > 1.5 & < 3
Outstanding Shares: last quarter (223.7m) vs 12m ago 9.45% < -2%
Gross Margin: 8.33% > 18% (prev 0.09%; Δ 824.3% > 0.5%)
Asset Turnover: 1.62k% > 50% (prev 1.41k%; Δ 204.9% > 0%)
Interest Coverage Ratio: -10.39 > 6 (EBITDA TTM -4.17m / Interest Expense TTM 606k)
Altman Z'' -2.18
A: 0.29 (Total Current Assets 136.7m - Total Current Liabilities 91.3m) / Total Assets 156.9m
B: -0.74 (Retained Earnings -116.3m / Total Assets 156.9m)
C: -0.05 (EBIT TTM -6.29m / Avg Total Assets 128.7m)
D: -1.27 (Book Value of Equity -115.6m / Total Liabilities 91.3m)
Altman-Z'' Score: -2.18 = D
Beneish M -3.01
DSRI: 1.38 (Receivables 34.2m/16.8m, Revenue 2.08b/1.42b)
GMI: 1.08 (GM 8.33% / 9.00%)
AQI: 0.79 (AQ_t 0.11 / AQ_t-1 0.14)
SGI: 1.47 (Revenue 2.08b / 1.42b)
TATA: -0.57 (NI -6.56m - CFO 82.8m) / TA 156.9m)
Beneish M-Score: -3.01 (Cap -4..+1) = AA
What is the price of REAX shares? As of May 18, 2026, the stock is trading at USD 1.71 with a total of 6,196,982 shares traded.
Over the past week, the price has changed by -16.18%, over one month by -37.59%, over three months by -34.98% and over the past year by -60.51%.
Is REAX a buy, sell or hold? Real Brokerage has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy REAX.
  • StrongBuy: 3
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the REAX price?
Analysts Target Price 5.2 201.2%
Real Brokerage (REAX) - Fundamental Data Overview as of 15 May 2026
P/S = 0.1811
P/B = 6.632
Revenue TTM = 2.08b USD
EBIT TTM = -6.29m USD
EBITDA TTM = -4.17m USD
 Long Term Debt = unknown (none)
 Short Term Debt = unknown (none)
 Debt = unknown
 Net Debt = -82.8m USD (from netDebt column, last quarter)
Enterprise Value = 276.9m USD (376.6m + (null Debt) - CCE 99.7m)
Interest Coverage Ratio = -10.39 (Ebit TTM -6.29m / Interest Expense TTM 606k)
EV/FCF = 3.38x (Enterprise Value 276.9m / FCF TTM 81.8m)
FCF Yield = 29.54% (FCF TTM 81.8m / Enterprise Value 276.9m)
FCF Margin = 3.93% (FCF TTM 81.8m / Revenue TTM 2.08b)
Net Margin = -0.32% (Net Income TTM -6.56m / Revenue TTM 2.08b)
Gross Margin = 8.33% ((Revenue TTM 2.08b - Cost of Revenue TTM 1.91b) / Revenue TTM)
Gross Margin QoQ = 8.93% (prev 7.73%)
Tobins Q-Ratio = 1.76 (Enterprise Value 276.9m / Total Assets 156.9m)
 Interest Expense / Debt = unknown (Interest Expense 86.0k / Debt none)
 Taxrate = 21.0% (US default 21%)
NOPAT = -4.97m (EBIT -6.29m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.50 (Total Current Assets 136.7m / Total Current Liabilities 91.3m)
 Debt / Equity = unknown (Debt none)
 Debt / EBITDA = 19.87 (negative EBITDA) (Net Debt -82.8m / EBITDA -4.17m)
 Debt / FCF = -1.01 (Net Debt -82.8m / FCF TTM 81.8m)
Total Stockholder Equity = 55.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.10% (Net Income -6.56m / Total Assets 156.9m)
RoE = -11.92% (Net Income TTM -6.56m / Total Stockholder Equity 55.0m)
RoCE = -9.60% (EBIT -6.29m / Capital Employed (Total Assets 156.9m - Current Liab 91.3m))
 RoIC = -9.65% (negative operating profit) (NOPAT -4.97m / Invested Capital 51.5m)
 WACC = 10.03% (E(376.6m)/V(376.6m) * Re(10.03%) + (debt-free company))
Discount Rate = 10.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 9.79%
[DCF] Terminal Value 75.26% ; FCFF base≈69.4m ; Y1≈85.7m ; Y5≈146.2m
[DCF] Fair Price = 8.61 (EV 1.76b - Net Debt -82.8m = Equity 1.85b / Shares 214.6m; r=10.03% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 36.43 | EPS CAGR: 1.81% | SUE: 0.43 | # QB: 0
Revenue Correlation: 94.84 | Revenue CAGR: 46.09% | SUE: -0.82 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=-76.43% | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.01 | Chg30d=+66.67% | Revisions=N/A | Analysts=3
EPS current Year (2026-12-31): EPS=-0.01 | Chg30d=+6.25% | Revisions=-33% | GrowthEPS=+81.2% | GrowthRev=+21.6%
EPS next Year (2027-12-31): EPS=0.04 | Chg30d=+2.18% | Revisions=+33% | GrowthEPS=+600.0% | GrowthRev=+14.1%
[Analyst] Revisions Ratio: -33%