v3.26.1
EXPENSES BY NATURE
 6 Months Ended
Jun. 30, 2026
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):

  

   2026   2025   2026   2025 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2026   2025   2026   2025 
Cost of Sales  $642,319   $492,886   $1,065,715   $812,931 
                     
Operating Expenses                    
General and Administrative Expenses   20,211    18,900    39,215    36,416 
Salaries and Benefits   12,150    9,758    22,174    19,460 
Stock-Based Compensation for Employees   2,140    1,714    4,860    3,019 
Administrative Expenses   713    1,221    1,450    2,113 
Professional Fees   3,267    5,007    7,075    9,200 
Depreciation and Amortization Expense   553    398    1,128    777 
Other   1,388    802    2,528    1,847 
Marketing Expenses   28,140    23,284    49,272    40,981 
Salaries and Benefits   534    413    1,003    803 
Stock-Based Compensation for Employees   35    43    49    83 
Stock-Based Compensation for Agents   4,712    3,478    9,083    6,593 
Revenue Share   22,210    17,644    37,898    30,148 
Other   649    1,706    1,239    3,354 
Research and Development Expenses   5,353    3,993    10,500    7,925 
Salaries and Benefits   2,780    2,360    5,707    4,754 
Stock-Based Compensation for Employees   455    300    748    605 
Software, Cloud, & Tools   2,088    1,330    3,990    2,437 
Other   30    3    55    129 
Acquisition Costs   11,582    -    11,894    - 
Total Operating Expenses  $65,286   $46,177   $110,881   $85,322 
Total Cost of Sales and Operating Expenses  $707,605   $539,063   $1,176,596   $898,253 

 

 

THE REAL BROKERAGE INC.

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED June 30, 2026 AND 2025

UNAUDITED