Real Brokerage released its first-quarter 2026 earnings, posting revenue of $465.6 million, which fell short of the $476.54 million consensus estimate. Earnings per share came in at -$0.02, missing the expected -$0.01. The stock declined 2.39% to close at $2.04, with after-hours trading pushing it further down to $1.88.
Key Financial Highlights
The company achieved revenue growth of 32% year-over-year, demonstrating robust top-line expansion. Adjusted EBITDA surged 80% to $14.9 million, while gross profit rose 24% to $42.2 million. Operating loss improved to $3.4 million from $5.2 million in the prior-year period.
- Revenue: $465.6 million (up 32% YoY)
- Diluted EPS: -$0.02 (vs. -$0.01 expected)
- Operating loss: $3.4 million (improved from $5.2 million YoY)
- Adjusted EBITDA: $14.9 million (up 80% YoY)
- Gross profit: $42.2 million (up 24% YoY)
CEO Commentary
CEO Tamir Poleg stated, “Our continued strong revenue growth and operating leverage demonstrate the strength of our model despite market fluctuations. We continue to gain market share and plan to accelerate growth going forward.”
This performance underscores the company’s focus on market share gains amid operating leverage improvements.
Guidance and Outlook
Real Brokerage maintained its full-year 2026 revenue guidance at $2.4 billion and set FY2027 expectations at $2.77 billion. However, it lowered FY2027 EPS guidance to -$0.02 from breakeven levels.
Market Reaction and Risks
The EPS miss, driven by stock-based compensation and market volatility, triggered the post-earnings selloff. Shares now trade near 52-week lows, raising concerns among investors. Analysts note potential impacts from fluctuating U.S. residential demand and Canadian slowdowns, alongside operational leverage tied to market recovery.
During the earnings call, executives addressed market share strategies and plans to optimize essential expenses while expanding agent numbers to drive long-term growth.
