v3.25.3
EXPENSES BY NATURE
 9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
EXPENSES BY NATURE

 

4.EXPENSES BY NATURE

 

The following table presents cost of sales and a breakdown of operating expenses (in thousands):

 

   2025   2024   2025   2024 
   Three Months Ended September 30,   Nine Months Ended September 30, 
   2025   2024   2025   2024 
Cost of Sales  $523,692   $340,359   $1,336,623   $829,253 
                     
Operating Expenses                    
General and Administrative Expenses   19,584    16,301    56,000    42,452 
Salaries and Benefits   9,753    7,314    29,213    19,748 
Stock-Based Compensation for Employees   3,040    2,825    6,059    6,245 
Administrative Expenses   758    1,066    2,871    2,835 
Professional Fees   4,500    3,917    13,700    10,339 
Depreciation and Amortization Expense   567    358    1,344    1,024 
Other   966    821    2,813    2,261 
Marketing Expenses   21,034    15,261    62,015    43,779 
Salaries and Benefits   452    279    1,255    721 
Stock-Based Compensation for Employees   43    6    126    11 
Stock-Based Compensation for Agents   3,935    2,665    10,528    7,137 
Revenue Share   15,738    11,651    45,886    33,190 
Other   866    660    4,220    2,720 
Research and Development Expenses   4,712    3,045    12,637    8,115 
Salaries and Benefits   2,584    1,681    7,338    4,394 
Stock-Based Compensation for Employees   339    308    944    641 
Other   1,789    1,056    4,355    3,080 
Settlement of Litigation   -    -    -    9,250 
 Total Operating Expenses  $45,330   $34,607   $130,652   $103,596 
Total Cost of Sales and Operating Expenses  $569,022   $374,966   $1,467,275   $932,849 

 

 

THE REAL BROKERAGE INC.

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED SEPTEMBER 30, 2025 AND 2024

UNAUDITED