The earnings call showed strong sequential growth and new client wins but was offset by year-over-year declines in key segments and increased operating expenses. The company maintains a strong balance sheet with no debt, positioning it well for future growth.

Company Guidance -

Q4 2025

During the Q3 2025 Real Matters earnings call, CEO Brian Lang and CFO Rodrigo Pinto detailed several key financial metrics and strategic movements. The company reported a 22% sequential increase in consolidated revenues, driven by a seasonal rise in purchase origination volumes and improved refinance conditions. Consolidated net revenue rose 18% quarter-over-quarter, and they achieved a positive consolidated adjusted EBITDA of $0.3 million, a reversal from a $1.9 million loss in the prior quarter. In the U.S. Appraisal segment, revenues increased 22% sequentially, with net revenue margins steady at 26.2%. The U.S. Title segment saw a 52% year-over-year growth in origination volumes, with net revenue margins rising by 900 basis points to 52.6%. In Canada, revenues grew 19% quarter-over-quarter, with adjusted EBITDA up 21% to $1.3 million. Despite soft market conditions, Real Matters maintained its top position across lender scorecards, added four new clients, and secured significant client wins, including launching their second Tier 1 lender in U.S. Title. The company highlighted its strong cash position of $43.8 million with no debt, positioning itself strategically for future market expansions.

Double-Digit Sequential Growth

Real Matters delivered double-digit sequential growth in all three segments in Q3 2025, with consolidated revenues up 22% from Q2 2025.

New Client Acquisitions

The company added four new clients during the third quarter, including the largest credit union in the U.S. and a second Tier 1 lender in U.S. Title.

U.S. Title Segment Performance

U.S. Title revenues increased 30% year-over-year to $2.8 million, with refinance origination revenues up 66% due to market share gains.

Positive Adjusted EBITDA

Consolidated adjusted EBITDA was $0.3 million, up from a loss of $1.9 million in the previous quarter.

Strong Balance Sheet

The company maintains a strong balance sheet with no debt and $43.8 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

Daily Earnings Calendar >

TSE:REAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 20, 2025	2025 (Q4)	>-0.01 / -	0.014	―	―	―
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	-0.041	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% (+0.06)	―	―

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
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%
Nov 21, 2024	C$6.74	C$6.37	-5.49%

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 Nov 20, 2025, Before Open (Confirmed).

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

Real Matters Inc (TSE:REAL) earnings time is at Nov 20, 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 (Q4) is >-0.01.

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