Tearsheet

Real Brokerage (REAX)


Market Price (12/4/2025): $3.88 | Market Cap: $849.7 Mil
Sector: Real Estate | Industry: Real Estate Services

Real Brokerage (REAX)


Market Price (12/4/2025): $3.88
Market Cap: $849.7 Mil
Sector: Real Estate
Industry: Real Estate Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 66%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -10 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.6%
1 Attractive yield
FCF Yield is 7.2%
Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.3%
2 Low stock price volatility
Vol 12M is 47%
 
3 Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, E-commerce & Digital Retail, and Cloud Computing. Themes include Real Estate Data Analytics, Show more.
 
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 66%
1 Attractive yield
FCF Yield is 7.2%
2 Low stock price volatility
Vol 12M is 47%
3 Megatrend and thematic drivers
Megatrends include Smart Buildings & Proptech, E-commerce & Digital Retail, and Cloud Computing. Themes include Real Estate Data Analytics, Show more.
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -10 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.6%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.3%

Valuation, Metrics & Events

REAX Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

The search results indicate that The Real Brokerage Inc. (REAX) reported strong financial results for Q3 2025 on October 30, 2025, with significant revenue growth, improved net loss, and increased Adjusted EBITDA. The company also announced an expanded agent base and share repurchases. These are generally positive indicators, and one source notes the stock jumped 4% on the day of the earnings report before cooling down. Additionally, analyst ratings for REAX throughout the requested period (August to December 2025) consistently show a "Strong Buy" consensus with optimistic price targets. There is also news of the company settling litigation with its former CFO and unveiling new AI-powered tools in November 2025, which would typically be positive or neutral developments. Given these consistently positive news items and analyst sentiment, there is no information in the provided search results to explain a *decrease* of 27.5% in The Real Brokerage (REAX) stock price between August 31, 2025, and December 4, 2025. The available information suggests a period of growth and positive outlook for the company. Therefore, I cannot identify key points that would explain a -27.5% stock movement within the specified timeframe based on the provided search results.

Show more

Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
REAX Return---72%52%187%-18%2%
Peers Return4%10%-39%72%-13%74%80%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
REAX Win Rate-67%33%58%58%50% 
Peers Win Rate50%48%40%52%38%25% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
REAX Max Drawdown---72%0%-4%-25% 
Peers Max Drawdown-29%-21%-47%-10%-23%-32% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: OPEN, MAYS, GBR, GYRO, CLBZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventREAXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-74.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven296.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven664 days464 days

Compare to OPEN, MAYS, GBR, GYRO, CLBZ


In The Past

Real Brokerage's stock fell -74.8% during the 2022 Inflation Shock from a high on 12/27/2021. A -74.8% loss requires a 296.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Real Brokerage (REAX)

Better Bets than Real Brokerage (REAX)

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select past ideas related to REAX. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.5%8.5%-5.8%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
8.5%8.5%-5.8%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Real Brokerage

Peers to compare with:

Financials

REAXOPENMAYSGBRGYROCLBZMedian
NameReal Bro.Opendoor.J. W. Ma.New Conc.Gyrodyne Collab Z  
Mkt Price3.906.9438.500.769.50-6.94
Mkt Cap0.95.10.10.00.0-0.1
Rev LTM1,8144,7192205214
Op Inc LTM-10-204-0-0-30-1
FCF LTM668870-0-210
FCF 3Y Avg411,3490049-41
CFO LTM708993-0-212
CFO 3Y Avg431,3742049-43

Growth & Margins

REAXOPENMAYSGBRGYROCLBZMedian
NameReal Bro.Opendoor.J. W. Ma.New Conc.Gyrodyne Collab Z  
Rev Chg LTM65.6%-4.5%4.1%4.1%-1.2%-4.1%
Rev Chg 3Y Avg75.5%-31.7%1.7%5.8%2.1%-2.1%
Rev Chg Q52.6%-33.6%3.0%8.1%-1.8%-72.9%0.6%
QoQ Delta Rev Chg LTM12.1%-8.9%0.7%2.0%-0.2%-14.4%0.3%
Op Mgn LTM-0.6%-4.3%-0.7%-166.9%-50.0%18.1%-2.5%
Op Mgn 3Y Avg-2.0%-5.4%-0.9%-141.8%-153.7%--5.4%
QoQ Delta Op Mgn LTM0.2%-0.4%-0.2%-1.3%2.6%-28.2%-0.3%
CFO/Rev LTM3.9%19.1%11.2%-26.5%-43.8%44.8%7.5%
CFO/Rev 3Y Avg3.6%15.2%9.2%0.0%1,138.1%-9.2%
FCF/Rev LTM3.6%18.8%0.6%-26.5%-43.8%42.3%2.1%
FCF/Rev 3Y Avg3.5%14.8%0.3%0.0%1,136.7%-3.5%

Valuation

REAXOPENMAYSGBRGYROCLBZMedian
NameReal Bro.Opendoor.J. W. Ma.New Conc.Gyrodyne Collab Z  
Mkt Cap0.95.10.10.00.0-0.1
P/S0.51.33.438.20.2-1.3
P/EBIT-82.6-32.7-600.8-22.9-0.5--32.7
P/E-86.8-18.7-562.2-94.623.9--86.8
P/CFO13.16.630.4-144.3-0.5-6.6
Total Yield-1.2%-5.4%-0.2%-1.1%4.2%--1.1%
Dividend Yield0.0%0.0%0.0%0.0%0.0%-0.0%
FCF Yield 3Y Avg6.2%60.3%0.1%0.1%3,141.7%-6.2%
D/E0.00.30.40.014.6-0.3
Net D/E-0.10.10.3-0.13.6-0.1

Returns

REAXOPENMAYSGBRGYROCLBZMedian
NameReal Bro.Opendoor.J. W. Ma.New Conc.Gyrodyne Collab Z  
1M Rtn5.7%-8.6%0.7%-17.0%-5.1%--5.1%
3M Rtn-26.0%35.3%1.3%-21.8%-6.9%--6.9%
6M Rtn-8.5%1,005.8%3.1%-22.8%15.0%-3.1%
12M Rtn-25.4%221.3%-8.3%-34.4%1.7%--8.3%
3Y Rtn212.0%305.8%-20.7%-41.9%7.8%-7.8%
1M Excs Rtn5.7%-8.5%0.8%-17.0%-5.0%--5.0%
3M Excs Rtn-31.1%11.1%-4.0%-28.7%-12.5%--12.5%
6M Excs Rtn-23.2%991.1%-11.6%-37.6%0.3%--11.6%
12M Excs Rtn-39.4%183.0%-21.9%-50.1%-17.8%--21.9%
3Y Excs Rtn134.3%208.5%-93.3%-117.7%-66.1%--66.1%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
North American Brokerage685380   
Other Segments42000
Commissions  1211616
Fee Income  100
Total6893821221716


Operating Income by Segment
$ Mil20242023202220212020
Other Segments-4-1   
North American Brokerage-22-18   
Total-26-20   


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity2,659,723
Short Interest: % Change Since 103120252.5%
Average Daily Volume1,651,067
Days-to-Cover Short Interest1.61
Basic Shares Quantity218,996,000
Short % of Basic Shares1.2%

SEC Filings

Expand for More

Report DateFiling DateFiling
9302025103020256-K 9/30/2025
630202580720256-K 6/30/2025
331202550820256-K 3/31/2025
12312024306202540-F 12/31/2024
9302024110720246-K 9/30/2024
630202480720246-K 6/30/2024
331202450720246-K 3/31/2024
12312023314202440-F 12/31/2023
9302023110920236-K 9/30/2023
630202380920236-K 6/30/2023
331202351120236-K 3/31/2023
12312022316202340-F 12/31/2022
9302022111020226-K 9/30/2022
630202281120226-K 6/30/2022
331202250920226-K 3/31/2022
12312021318202240-F 12/31/2021