| SCHEDULE OF OPERATING SEGMENT |
SCHEDULE OF OPERATING SEGMENT
| | |
North
American Brokerage | | |
One Real
Title | | |
One Real
Mortgage | | |
Other
Segments | | |
Total | |
| | |
For the Three Months Ended June 30, 2026 | |
| | |
North
American Brokerage | | |
One Real
Title | | |
One Real
Mortgage | | |
Other
Segments | | |
Total | |
| Revenues | |
$ | 696,364 | | |
$ | 1,743 | | |
$ | 1,876 | | |
$ | 592 | | |
$ | 700,575 | |
| Cost of sales | |
| 640,858 | | |
| 255 | | |
| 1,118 | | |
| 88 | | |
| 642,319 | |
| Gross Profit | |
$ | 55,506 | | |
$ | 1,488 | | |
$ | 758 | | |
$ | 504 | | |
$ | 58,256 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Segment Operating
Expenses(1)(2) | |
| 50,756 | | |
| 2,045 | | |
| 384 | | |
| 519 | | |
| 53,704 | |
| Segment Operating Income (Loss) | |
$ | 4,750 | | |
$ | (557 | ) | |
$ | 374 | | |
$ | (15 | ) | |
$ | 4,552 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Reconciliation of profit or (loss) (segment profit/(loss)) | |
| | | |
| | | |
| | | |
| | | |
| | |
| Acquisition costs | |
| | | |
| | | |
| | | |
| | | |
| 11,582 | |
| Operating Loss | |
| | | |
| | | |
| | | |
| | | |
| (7,030 | ) |
| Other income, net | |
| | | |
| | | |
| | | |
| | | |
| 192 | |
| Finance expense, net | |
| | | |
| | | |
| | | |
| | | |
| (631 | ) |
| 1 | | Segment Operating expenses
consist of General and administrative expenses, Marketing expenses, and Research and development expenses. |
| 2 | | Segment Operating expenses
also include Revenue share expense of approximately $22,210 thousand for the three months ended June 30, 2026, which was 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, 2026 AND 2025
UNAUDITED
| | |
North
American Brokerage | | |
One Real
Title | | |
One Real
Mortgage | | |
Other
Segments | | |
Total | |
| | |
For the Six Months Ended June 30, 2026 | |
| | |
North
American Brokerage | | |
One Real
Title | | |
One Real
Mortgage | | |
Other
Segments | | |
Total | |
| Revenues | |
$ | 1,158,926 | | |
$ | 3,002 | | |
$ | 3,170 | | |
$ | 1,028 | | |
$ | 1,166,126 | |
| Cost of sales | |
| 1,063,153 | | |
| 437 | | |
| 1,924 | | |
| 201 | | |
| 1,065,715 | |
| Gross Profit | |
$ | 95,773 | | |
$ | 2,565 | | |
$ | 1,246 | | |
$ | 827 | | |
$ | 100,411 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Segment Operating
Expenses(1)(2) | |
| 92,624 | | |
| 3,900 | | |
| 1,332 | | |
| 1,131 | | |
| 98,987 | |
| Segment Operating Income (Loss) | |
$ | 3,149 | | |
$ | (1,335 | ) | |
$ | (86 | ) | |
$ | (304 | ) | |
$ | 1,424 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Reconciliation of profit or (loss) (segment profit/(loss)) | |
| | | |
| | | |
| | | |
| | | |
| | |
| Acquisition costs | |
| | | |
| | | |
| | | |
| | | |
| 11,894 | |
| Operating Loss | |
| | | |
| | | |
| | | |
| | | |
| (10,470 | ) |
| Other income, net | |
| | | |
| | | |
| | | |
| | | |
| 304 | |
| Finance expense, net | |
| | | |
| | | |
| | | |
| | | |
| (717 | ) |
| 1 | | Segment Operating expenses consist of General and administrative expenses, Marketing expenses, and
Research and development expenses. |
| 2 | | Segment Operating expenses
also include Revenue share expense of approximately $37,898 thousand for the six months ended June 30, 2026, which was recorded in the
North American Brokerage 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 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Segment Operating
Expenses(1)(2) | |
| 42,222 | | |
| 2,123 | | |
| 1,492 | | |
| 340 | | |
| 46,177 | |
| Segment Operating Income (Loss) | |
$ | 3,486 | | |
$ | (993 | ) | |
$ | (683 | ) | |
$ | (126 | ) | |
$ | 1,684 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Reconciliation of profit or loss (segment profit/loss) | |
| | | |
| | | |
| | | |
| | | |
| | |
| Other income, net | |
| | | |
| | | |
| | | |
| | | |
| 166 | |
| Finance expenses, net | |
| | | |
| | | |
| | | |
| | | |
| (300 | ) |
| 1 | | Segment
Operating expenses consist of General and administrative expenses, Marketing expenses, and Research and development
expenses. |
| 2 | | Segment Operating expenses
also include Revenue share expense of approximately $17,644 thousand for the three months ended June 30, 2025, which was 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, 2026 AND 2025
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 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Segment Operating
Expenses(1)(2) | |
| 77,623 | | |
| 4,411 | | |
| 2,792 | | |
| 496 | | |
| 85,322 | |
| Segment Operating Income (Loss) | |
$ | 585 | | |
$ | (2,418 | ) | |
$ | (1,484 | ) | |
$ | (208 | ) | |
$ | (3,525 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Reconciliation of profit or loss (segment profit/loss) | |
| | | |
| | | |
| | | |
| | | |
| | |
| Other income, net | |
| | | |
| | | |
| | | |
| | | |
| 288 | |
| Finance expenses, net | |
| | | |
| | | |
| | | |
| | | |
| (334 | ) |
| 1 | | Segment Operating expenses
consist of General and administrative expenses, Marketing expenses, and Research and development expenses. |
| 2 | | Segment Operating expenses
also include Revenue share expense of approximately $30,148 thousand for the six months ended June 30, 2025, which was recorded in the
North American Brokerage segment. |
|
| SCHEDULE OF REVENUE GEOGRAPHY |
The
amount of revenue from external customers, by geography, is shown in the table below (in thousands):
SCHEDULE OF REVENUE GEOGRAPHY
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| United States | |
$ | 638,273 | | |
$ | 480,678 | | |
$ | 1,066,415 | | |
$ | 801,170 | |
| Canada | |
| 62,302 | | |
| 60,069 | | |
| 99,711 | | |
| 93,558 | |
| Total revenue by region | |
$ | 700,575 | | |
$ | 540,747 | | |
$ | 1,166,126 | | |
$ | 894,728 | |
|