The earnings call presented a mix of positive and negative aspects. The company experienced growth in its U.S. Title and Canadian segments, with improved net revenue margins and a strong balance sheet. However, the overall decline in net revenue and U.S. Appraisal revenues, coupled with an adjusted EBITDA loss, indicate challenges in the current market environment.

Company Guidance -

Q3 2025

During the call, Real Matters provided detailed guidance on various financial metrics for the second quarter of fiscal 2025. The company reported a consolidated net revenue of $10.1 million, down from $11.5 million the previous year, primarily due to a decline in the U.S. purchase mortgage origination market. The U.S. Title segment experienced strong growth, with revenues increasing by 11% year-over-year to $2.3 million and refinance origination revenues rising by 40%. The company's net revenue margins improved by 80 basis points quarter-over-quarter to 27.3%. U.S. Appraisal revenues decreased by 9% sequentially, yet the segment's adjusted EBITDA increased to $2.6 million from $2.4 million in the first quarter, thanks to lower operating expenses. Canadian revenues rose by 11% year-over-year, with net revenue margins remaining near all-time highs at 19%. Real Matters maintained a strong balance sheet with $45.7 million in cash and no debt, positioning the company well to navigate the current macroeconomic environment and capitalize on potential mortgage market improvements.

U.S. Title Segment Growth

U.S. Title segment posted double-digit revenue growth year-over-year, driven by net market share gains with clients and higher refinance origination market volumes. Refinance origination revenues increased by 40% year-over-year.

Net Revenue Margin Improvement

The company improved net revenue margins by 80 basis points quarter-over-quarter to 27.3%, maintaining a strong position for the 10th consecutive quarter.

Canadian Segment Growth

Canadian revenues increased by 11% year-over-year with net revenue margins near all-time highs at 19%. Two new clients were launched in Canada during the second quarter.

Strong Balance Sheet

Real Matters maintains a strong balance sheet with no debt and cash of $45.7 million, positioning it well to capitalize on market improvements.

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

Daily Earnings Calendar >

TSE:REAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 31, 2025	2025 (Q3)	<0.01 / -	0.02	―	―	―
Apr 30, 2025	2025 (Q2)	-0.04 / -0.03	0.027	-200.00% (-0.05)	―	―
Jan 30, 2025	2025 (Q1)	-0.02 / 0.00	-0.027	―	―	―
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	-0.041	166.67% (+0.07)	―	―
Feb 01, 2024	2024 (Q1)	-0.02 / -0.03	-0.041	33.33% (+0.01)	―	―
Nov 17, 2023	2023 (Q4)	<0.01 / 0.01	0	―	―	―
Jul 28, 2023	2023 (Q3)	>-0.01 / 0.01	-0.041	133.33% (+0.05)	―	―
Apr 28, 2023	2023 (Q2)	-0.06 / -0.04	0.027	-250.00% (-0.07)	―	―

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
Apr 30, 2025	C$6.02	C$6.01	-0.17%
Jan 30, 2025	C$6.60	C$6.26	-5.15%
Nov 21, 2024	C$6.74	C$6.37	-5.49%
Aug 01, 2024	C$7.62	C$7.35	-3.54%

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 Jul 31, 2025, Before Open (Confirmed).

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

Real Matters Inc (TSE:REAL) earnings time is at Jul 31, 2025, 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 2025 (Q3) is <0.01.

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