v3.26.1
OPERATING SEGMENTS DISCLOSURES (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SCHEDULE OF OPERATING SEGMENT

 

                     
   For the Three Months Ended March 31, 2026 
  

North American

Brokerage

   One Real Title   One Real Mortgage   Other Segments   Total 
Revenues  $462,562   $1,259   $1,294   $436   $465,551 
Cost of sales   422,295    182    806    113    423,396 
Gross Profit  $40,267   $1,077   $488   $323   $42,155 
                          
Operating Expenses(1)(2)   42,180    1,855    948    612    45,595 
Operating Loss  $(1,913)  $(778)  $(460)  $(289)  $(3,440)
                          
Reconciliation of loss (segment loss)                         
Other income, net                       112 
Finance expense, net                       (86)
Loss Before Tax                      $(3,414)

 

1Operating expenses includes General and administrative expenses, Marketing expenses, Research and development expenses, and Acquisition costs.

 

2Operating expenses includes Revenue share expense of approximately $15,688 thousand and is recorded in the North American Brokerage segment.

 

 

THE REAL BROKERAGE INC.

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025

UNAUDITED

 

                     
   For the Three Months Ended March 31, 2025 
  

North American

Brokerage

   One Real Title   One Real Mortgage   Other Segments   Total 
Revenues  $351,749   $1,030   $1,076   $126   $353,981 
Cost of sales   319,249    167    577    52    320,045 
Gross Profit  $32,500   $863   $499   $74   $33,936 
                          
Operating Expenses(1)(2)   35,401    2,288    1,302    154    39,145 
Operating Loss  $(2,901)  $(1,425)  $(803)  $(80)  $(5,209)
                          
Reconciliation of profit or loss (segment profit/loss)                         
Other income, net                       122 
Finance expenses, net                       (34)
Loss Before Tax                      $(5,121)

 

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

 

2Operating expenses includes Revenue share expense of approximately $12,504 thousand and is recorded in the North American Brokerage segment.
SCHEDULE OF DEPRECIATION AND AMORTIZATION

  

Depreciation and Amortization (in thousands):

         
   Three Months Ended March 31, 
   2026   2025 
North American Brokerage  $381   $184 
One Real Title   168    168 
One Real Mortgage   26    27 
Total  $575   $379 
SCHEDULE OF REVENUE GEOGRAPHY

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

 

         
   Three Months Ended March 31, 
   2026   2025 
United States  $428,142   $320,492 
Canada   37,409    33,489 
Total revenue by region  $465,551   $353,981