Real Brokerage Inc. ( (REAX) ) has released its Q4 earnings. Here is a breakdown of the information Real Brokerage Inc. presented to its investors.
Real Brokerage Inc., a technology-driven real estate platform, is transforming the real estate industry by offering innovative solutions for agents, home buyers, and sellers. The company operates primarily in the real estate sector and is known for its cutting-edge technology and agent-centric approach.
Real Brokerage Inc. has reported a strong financial performance for the fourth quarter and full year of 2024, showcasing significant growth in revenue and transaction volumes. The company’s commitment to innovation and agent success has been a key driver of its impressive results.
In the fourth quarter of 2024, Real Brokerage achieved a revenue of $350.6 million, marking a 93% increase from the previous year. The total value of completed real estate transactions reached $14.6 billion, a 115% rise from the same quarter in 2023. The company also reported a net loss reduction to $6.6 million, compared to $12.0 million in the prior year. For the full year, revenue soared to $1.26 billion, an 84% increase, with a total transaction value of $49.0 billion.
Real Brokerage’s strategic initiatives, such as the launch of Real Wallet and adjustments to its brokerage model, are aimed at enhancing agent services and ensuring sustainable growth. The company continues to expand its agent base, with over 26,200 agents now on its platform, reflecting a 77% increase from the previous year.
Looking ahead, Real Brokerage remains focused on leveraging its technology and resources to drive further growth and innovation in the real estate market. The company’s management is optimistic about continuing to attract top-performing agents and enhancing its platform to meet the evolving needs of the industry.