The earnings call reflects a mixed performance with significant growth in certain segments like U.S. Title and Canadian operations, alongside challenges in overall revenue and the U.S. Appraisal segment. The strong balance sheet and client expansion efforts signal optimism for future potential, but current financial metrics reflect some ongoing challenges.

Company Guidance

During the Q4 2025 earnings call, Real Matters provided guidance highlighting several key financial metrics and strategic initiatives. The company reported consolidated revenues of $170 million for fiscal 2025, with double-digit year-over-year growth in both revenue and net revenue for its U.S. Title and Canadian segments. The U.S. Appraisal segment, however, saw a 7% revenue decline to $121.8 million due to a challenging purchase market. Despite these challenges, the U.S. Appraisal segment maintained net revenue margins of 26.3% and recorded positive adjusted EBITDA of $13 million. The U.S. Title segment experienced significant growth, with revenues up 21% and net revenue increasing by 39%, driven by a 41% increase in refinance origination revenues. This segment also achieved a net revenue margin increase of 680 basis points to 53.1%. The Canadian segment saw revenues rise by 12%, with net revenue margins holding strong at 18.8% and generating positive adjusted EBITDA of $4.7 million, a 15% increase from fiscal 2024. Overall, the company posted an adjusted EBITDA loss of $3.2 million, compared to a positive adjusted EBITDA of $1.9 million in the previous fiscal year, largely due to higher operating expenses aimed at strengthening sales capabilities. With a strong balance sheet and no debt, the company expressed optimism about unlocking significant growth opportunities in mortgage origination volumes and expanding market share as interest rates potentially ease in fiscal 2026.

New Client and Market Expansion

Real Matters launched 10 new clients and 1 new channel in U.S. appraisal in Canada during fiscal 2025. The U.S. Title business expanded by adding 7 new clients, including a second Tier 1 lender.

U.S. Title Segment Growth

U.S. Title segment revenues increased by 21%, with refinance origination revenues up 41% and home equity revenues up 28% year-over-year.

Canadian Segment Growth

The Canadian segment saw a 12% increase in revenue year-over-year, with net revenue margins holding strong at 18.8%.

Strong Balance Sheet

Real Matters ended the year with no debt and $40 million in cash.

Real Matters Inc (TSE:REAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:REAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 29, 2026	2026 (Q1)	>-0.01 / -	0	―	―	―
Nov 20, 2025	2025 (Q4)	>-0.01 / -0.03	0.014	-300.00% (-0.04)	―	―
Jul 31, 2025	2025 (Q3)	<0.01 / -0.01	0.028	-150.00% (-0.04)	―	―
Apr 30, 2025	2025 (Q2)	-0.04 / -0.03	0.028	-200.00% (-0.06)	―	―
Jan 30, 2025	2025 (Q1)	-0.02 / 0.00	-0.028	―	―	―
Nov 21, 2024	2024 (Q4)	<0.01 / 0.01	0.014	0.00% (0.00)	―	―
Aug 01, 2024	2024 (Q3)	0.02 / 0.03	0.014	100.00% (+0.01)	―	―
May 07, 2024	2024 (Q2)	-0.03 / 0.03	-0.042	166.67% (+0.07)	―	―
Feb 01, 2024	2024 (Q1)	-0.02 / -0.03	-0.042	33.33% (+0.01)	―	―
Nov 17, 2023	2023 (Q4)	<0.01 / 0.01	0	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:REAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 20, 2025	C$6.02	C$6.10	+1.33%
Jul 31, 2025	C$5.15	C$5.09	-1.17%
Apr 30, 2025	C$6.02	C$6.01	-0.17%
Jan 30, 2025	C$6.60	C$6.26	-5.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Real Matters Inc (TSE:REAL) report earnings?

Real Matters Inc (TSE:REAL) is schdueled to report earning on Jan 29, 2026, Before Open (Confirmed).

What is Real Matters Inc (TSE:REAL) earnings time?

Real Matters Inc (TSE:REAL) earnings time is at Jan 29, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is TSE:REAL EPS forecast?

TSE:REAL EPS forecast for the fiscal quarter 2026 (Q1) is >-0.01.