The Real Brokerage, Inc. reported its financial results for the fourth quarter and full-year 2025. Revenue during the fourth quarter increased 44% year-over-year to $505.1 million with a gross profit of $39 million. Adjusted EBITDA during the quarter was $14.2 million, compared to $9.1 million in the same quarter of 2024. Cash provided by operating activities during this period was $149,000.
Full-year 2025 revenue was $2 billion, a 56% increase from 2024. Gross profit grew 44% to $165.7 million with an adjusted EBITDA of $62.9 million. The company repurchased 9 million common shares during 2025 for $39.4 million.
”Throughout 2025, we scaled our platform with discipline, with growth in revenue and gross profit outpacing growth in operating expenses,” said Jenna Rozenblat, Real Chief Operating Officer. “As we enter 2026, we remain focused on investing in technology and expanding adoption of our ancillary services to enhance agent productivity and deepen engagement across our network.”
The total number of agents in the company’s North American brokerage increased to 31,739 in Q4 2025, an increase of 31% from Q4 2024. Transactions closed in this market during the fourth quarter totaled 48,903, an increase of 38% year-over-year.
Revenue for Real Wallet, the company’s fintech platform designed to centralize agent access to company-branded financial products, totaled $339,000 in the fourth quarter. Full-year Reall Wallet revenue was $889,000, up from $42,000 in 2024.
“Real delivered strong fourth quarter results, with revenue increasing 44% year-over-year and closed transactions growing 38%,” said Tamir Poleg, Real Chairman and Chief Executive Officer. “We ended 2025 with revenue up 56% for the full year and 31,739 agents on our platform, reflecting continued organic share gains despite a tepid housing environment. Our differentiated agent value proposition and expanding ecosystem of products and services continue to attract productive agents seeking greater flexibility, technology and financial opportunity.”
The post The Real Brokerage Announces Q4 and Full-Year 2025 Financial Results first appeared on Direct Selling News.
