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Real Matters Inc (TSE:REAL)
TSX:REAL
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial trajectory: double-digit consolidated revenue growth (14%), a 19% increase in net revenue, improved consolidated adjusted EBITDA turning positive (from a prior-year loss), U.S. Appraisal margin expansion and significant percentage growth in U.S. Title revenue and net revenue. These positives were balanced against ongoing title segment losses in absolute dollars, near-term market seasonality and uncertainty (industry Q2 guidance of ~-10%), margin pressure in appraisal from mix shifts, and increased near-term investments and operating expenses. The balance sheet strength (no debt, $43.8M cash), client wins (8 new clients incl. 2 top-100 lenders) and operational takeaways (UAD readiness, capacity to scale title) underpin a constructive outlook, with caution about short-term volume variability.Company Guidance
Double-digit top-line growth and improved net revenue
Consolidated revenues increased 14% year-over-year and consolidated net revenue increased 19% year-over-year for Q1 FY2026; consolidated adjusted EBITDA turned positive at $0.1 million versus a loss of $1.7 million in Q1 FY2025.
U.S. Appraisal strong performance and margin expansion
U.S. Appraisal revenues were $32.9 million, up 12% year-over-year; net revenue rose to $8.4 million (≈+7% YoY) while operating expenses decreased 5% YoY. Adjusted EBITDA grew 36% year-over-year to $3.3 million and adjusted EBITDA margin expanded by ~820 basis points to 39.1%.
Rapid U.S. Title revenue growth and improving economics
U.S. Title revenues rose 76% YoY to $4.4 million; net revenue increased 110% YoY to $2.8 million. Refinance origination revenues were up 135% YoY. Net revenue margin improved to 63.9% (from 53.4%) and adjusted EBITDA loss narrowed to $0.8 million from a $1.8 million loss a year earlier. Management noted capacity to almost double title volumes on the existing cost base, implying high incremental margin.
Client adds, channel expansion and market-share gains
Onboarded 8 new clients in Q1 including 2 top-100 lenders; added a new channel with a Tier 1 lender in U.S. Title and launched 3 new clients in Canada. Management reported sequential market-share gains with two large customers in appraisal and momentum in title RFPs and pipeline.
Canada: modest growth and stable profitability
Canadian revenues modestly increased to $9.2 million from $9.1 million (+1.1% approx), net revenue up 3% to $1.8 million, and adjusted EBITDA remained flat at $1.1 million.
Strong balance sheet
Cash of $43.8 million and no debt as of December 31, 2025; cash increased quarter-over-quarter due mainly to timing of collections and normalized working capital.
Operational readiness and product differentiation (UAD)
Completed first UAD transaction and invested in UAD readiness (multi-million dollar investment). Management highlighted UAD compliance as a competitive differentiator and that some of the investment will free up this year for redeployment.
TSE:REAL Earnings History
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 |
|---|---|---|---|
Jan 29, 2026 | C$6.41 | C$6.12 | -4.52% |
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% |
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 Apr 23, 2026, Before Open (Confirmed).
What is Real Matters Inc (TSE:REAL) earnings time?
Real Matters Inc (TSE:REAL) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:REAL EPS forecast?
TSE:REAL EPS forecast for the fiscal quarter 2026 (Q2) is <0.01.