v3.25.2
OPERATING SEGMENTS DISCLOSURES (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SCHEDULE OF OPERATING SEGMENT

 

  

North
American

Brokerage

   One Real
Title		   One Real
Mortgage		   Other
Segments		   Total 
   For the Three Months Ended June 30, 2025 
  

North
American

Brokerage

   One Real
Title		   One Real
Mortgage		   Other
Segments		   Total 
Revenues  $537,445   $1,346   $1,709   $247   $540,747 
Cost of sales   491,737    216    900    33    492,886 
Gross Profit  $45,708   $1,130   $809   $214   $47,861 
                          
Operating Expenses(1)(2)   42,222    2,123    1,492    340    46,177 
Operating Income (Loss)  $3,486   $(993)  $(683)  $(126)  $1,684 
                          
Reconciliation of profit or (loss) (segment profit/(loss))                         
Other income, net                       166 
Finance expense, net                       (300)
Net Income                      $1,550 

 

1Operating expenses includes General and administrative expenses, Marketing expenses, and Research and development expenses.
2Operating expenses includes Revenue share expense of approximately $17,644 thousand and is recorded in the North American Brokerage segment.

 

 

THE REAL BROKERAGE INC.

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED JUNE 30, 2025 AND 2024

UNAUDITED

 

  

North
American

Brokerage

   One Real
Title		   One Real
Mortgage		   Other
Segments		   Total 
   For the Six Months Ended June 30, 2025 
  

North
American

Brokerage

   One Real
Title		   One Real
Mortgage		   Other
Segments		   Total 
Revenues  $889,194   $2,376   $2,785   $373   $894,728 
Cost of sales   810,986    383    1,477    85    812,931 
Gross Profit  $78,208   $1,993   $1,308   $288   $81,797 
                          
Operating Expenses(1)(2)   77,623    4,411    2,792    496    85,322 
Operating Income (Loss)  $585   $(2,418)  $(1,484)  $(208)  $(3,525)
                          
Reconciliation of profit or loss (segment profit/loss)                         
Other income, net                       288 
Finance expense, net                       (334)
Net Loss                      $(3,571)

 

1Operating expenses includes General and administrative expenses, Marketing expenses, and Research and development expenses.
2Operating expenses includes Revenue share expense of approximately $30,148 thousand and is recorded in the North American Brokerage segment.

 

  

North American

Brokerage

   One Real Title   One Real Mortgage   Total 
   For the Three Months Ended June 30, 2024 
  

North American

Brokerage

   One Real Title   One Real Mortgage   Total 
Revenues  $338,574   $1,255   $949   $340,778 
Cost of sales   308,268    143    499    308,910 
Gross Profit  $30,306   $1,112   $450   $31,868 
                     
Operating Expenses(1)(2)   29,983    1,641    888    32,512 
Operating Income (Loss)  $323   $(529)  $(438)  $(644)
                     
Reconciliation of profit or (loss) (segment profit/(loss))                    
Other income, net                  57 
Finance expenses, net                  (523)
Net Loss                 $(1,110)

 

1Operating expenses includes General and administrative expenses, Marketing expenses, Research and development expenses and Settlement of Litigation.

2Operating expenses includes Revenue share expense of approximately $12,475 thousand and is recorded in the North American Brokerage segment.

 

 

THE REAL BROKERAGE INC.

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED JUNE 30, 2025 AND 2024

UNAUDITED

 

  

North American

Brokerage

   One Real Title   One Real Mortgage   Total 
   For the Six Months Ended June 30, 2024 
  

North American

Brokerage

   One Real Title   One Real Mortgage   Total 
Revenues  $537,826   $2,050   $1,645   $541,521 
Cost of sales   487,736    285    873    488,894 
Gross Profit  $50,090   $1,765   $772   $52,627 
                     
Operating Expenses(1)(2)   64,404    2,892    1,693    68,989 
Operating Loss  $(14,314)  $(1,127)  $(921)  $(16,362)
                     
Reconciliation of profit or (loss) (segment profit/(loss))                    
Other income, net                  230 
Finance expenses, net                  (1,075)
Net Loss                 $(17,207)

 

1Operating expenses includes General and administrative expenses, Marketing expenses, Research and development expenses and Settlement of Litigation.
2Operating expenses includes Revenue share expense of approximately $21,539 thousand and is recorded in the North American Brokerage segment.
SCHEDULE OF DEPRECIATION AND AMORTIZATION

 

Depreciation and Amortization (in thousands):

 

   June 30, 2025   June 30, 2024   June 30, 2025   June 30, 2024 
   For the Three Months Ended   For the Six Months Ended 
   June 30, 2025   June 30, 2024   June 30, 2025   June 30, 2024 
North American Brokerage  $204   $146    388    277 
One Real Title   168    168    336    336 
One Real Mortgage   26    26    53    53 
Other Segments   —    —    —    — 
Total  $398   $340   $777   $666 
SCHEDULE OF REVENUE GEOGRAPHY

The amount of revenue from external customers, by geography, is shown in the table below (in thousands):

 

   June 30, 2025   June 30, 2024   June 30, 2025   June 30, 2024 
   For the Three Months Ended   For the Six Months Ended 
   June 30, 2025   June 30, 2024   June 30, 2025   June 30, 2024 
United States  $480,678   $296,261   $801,170   $472,750 
Canada   60,069    44,517    93,558    68,771 
Total revenue by region  $540,747   $340,778   $894,728   $541,521