v3.25.3
OPERATING SEGMENTS DISCLOSURES (Tables)
 9 Months Ended
Sep. 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 September 30, 2025 
  

North American

Brokerage

   One Real Title   One Real Mortgage   Other Segments   Total 
Revenues  $               565,307   $1,307   $1,758   $177   $568,549 
Cost of sales   522,564    206    871    51    523,692 
Gross Profit  $42,743   $1,101   $887   $126   $44,857 
                          
Operating Expenses(1)(2)   41,966    1,853    1,126    385    45,330 
Operating Income (Loss)  $777   $(752)  $(239)  $(259)  $(473)
                          
Reconciliation of profit or (loss) (segment profit/(loss))                         
Other income, net                       365 
Finance expense, net                       (83)
Loss Before Tax                      $(191)

 

1Operating expenses includes General and administrative expenses, Marketing expenses, and Research and development expenses.
2Operating expenses includes Revenue share expense of approximately $15,738 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 SEPTEMBER 30, 2025 AND 2024

UNAUDITED

 

  

North American

Brokerage

   One Real Title   One Real Mortgage   Other Segments   Total 
   For the Nine Months Ended September 30, 2025 
  

North American

Brokerage

   One Real Title   One Real Mortgage   Other Segments   Total 
Revenues  $            1,454,501   $3,683   $4,543   $550   $1,463,277 
Cost of sales   1,333,550    589    2,348    136    1,336,623 
Gross Profit  $120,951   $3,094   $2,195   $414   $126,654 
                          
Operating Expenses(1)(2)   119,589    6,264    3,918    881    130,652 
Operating Income (Loss)  $1,362   $(3,170)  $(1,723)  $(467)  $(3,998)
                          
Reconciliation of profit or (loss) (segment profit/(loss))                         
Other income, net                       653 
Finance expense, net                       (417)
Loss Before Tax                      $(3,762)

 

1Operating expenses includes General and administrative expenses, Marketing expenses, and Research and development expenses.
2Operating expenses includes Revenue share expense of approximately $45,886 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 September 30, 2024 
  

North American

Brokerage

   One Real Title   One Real Mortgage   Total 
Revenues  $               369,890   $1,400   $1,198   $372,488 
Cost of sales   339,507    197    655    340,359 
Gross Profit  $30,383   $1,203   $543   $32,129 
                     
Operating Expenses(1)(2)   31,842    1,832    933    34,607 
Operating Loss  $(1,459)  $(629)  $(390)  $(2,478)
                     
Reconciliation of profit or loss (segment profit/loss)                    
Other income, net                  151 
Finance expenses, net                  (214)
Loss Before Tax                 $(2,541)

 

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 $11,651 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 SEPTEMBER 30, 2025 AND 2024

UNAUDITED

 

  

North American

Brokerage

   One Real Title   One Real Mortgage   Total 
   For the Nine Months Ended September 30, 2024 
  

North American

Brokerage

   One Real Title   One Real Mortgage   Total 
Revenues  $               907,716   $3,450   $2,843   $914,009 
Cost of sales   827,243    482    1,528    829,253 
Gross Profit  $80,473   $2,968   $1,315   $84,756 
                     
Operating Expenses(1)(2)   96,246    4,724    2,626    103,596 
Operating Loss  $(15,773)  $(1,756)  $(1,311)  $(18,840)
                     
Reconciliation of profit or loss (segment profit/loss)                    
Other income, net                  381 
Finance expenses, net                  (1,289)
Loss Before Tax                 $(19,748)

 

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 $33,190 thousand and is recorded in the North American Brokerage segment.
SCHEDULE OF DEPRECIATION AND AMORTIZATION

 

Depreciation and Amortization (in thousands):

 

   2025   2024   2025   2024 
   Three Months Ended September 30,   Nine Months Ended September 30, 
   2025   2024   2025   2024 
North American Brokerage  $373   $163   $624   $440 
One Real Title   168    167    505    503 
One Real Mortgage   26    28    79    81 
Total  $567   $358   $1,344   $1,024 
SCHEDULE OF REVENUE GEOGRAPHY

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

 

   2025   2024   2025   2024 
   Three Months Ended September 30,   Nine Months Ended September 30, 
   2025   2024   2025   2024 
United States  $499,166   $319,411   $1,300,336   $792,161 
Canada   69,383    53,077    162,941    121,848 
Total revenue by region  $568,549   $372,488   $1,463,277   $914,009