Lumida
/REAX
⌘K
Real Brokerage Inc

Real Brokerage Inc

REAX
$2.08USD↓-4.59%-0.10 today

MARKET CAP

453.3M

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$2 – $2

52W RANGE

$2
$5

AI Summary

Stalk
TrimMedium

REAX remains in a Stage 4 decline with sustained supply dominance evidenced by the active Lower Highs & Lower Lows pattern under declining EMAs and heavy distribution. The medium-term bias is Bearish, and short-term conditions are unfavorable for selling as price trades above the 9/21 EMAs following an oversold bounce. Execution should be deferred until price re-tests and rejects key overhead resistance at the 50 SMA and prior minor highs. A decisive break above the 50 SMA would invalidate the bearish posture.

  • ↑Q1 revenue $466M up 32% YoY, driven by tech platform.
  • ↑Agent count >35,000, enabling 42,000 transactions (+25% YoY).
  • ↓Ongoing housing market softness and revised EPS ests show losses.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

The Real Brokerage Inc. (NASDAQ: REAX) is a technology-powered real estate brokerage that is leveraging innovative software solutions to enhance agent productivity and streamline the transaction process. With a unique business model that emphasizes a decentralized brokerage framework, Real aims to increase efficiency through automation and a suite of ancillary services, distinguishing itself amidst a challenging housing market. The firm is currently navigating a significant growth phase, boosted by its merger with RE/MAX, which expands its operational capabilities and enhances market presence.

Bull says

  • ↑Q1 revenue $466M up 32% YoY, driven by tech platform.
  • ↑Agent count >35,000, enabling 42,000 transactions (+25% YoY).
  • ↑Ancillary services revenue $3M up 34% YoY diversifying revenue.
  • ↑HeyLeo AI integration boosting agent productivity and retention.
  • ↑Six analysts rate REAX a “Strong Buy” on tech edge.
  • ↑High growth factor and strong quality factors support expansion.

Bear says

  • ↓Ongoing housing market softness and revised EPS ests show losses.
  • ↓Q2 operating expenses rising from RE/MAX merger may squeeze margins.
  • ↓High leverage risk and negative profitability factors raise financial vulnerability.
  • ↓Negative momentum and investor skepticism may pressure share performance.
  • ↓Intensifying competition from tech-enabled brokerages threatens market share.
  • ↓High short interest reflects doubts about long-term growth plans.

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 06-02-2026neutral

Transcript signals

Bull points

  • We're pleased to report another quarter of impressive performance as we continue to deliver consistent growth and improving profitability.
  • Revenue in the first quarter rose to $354 million, an increase of 76% versus the first quarter of 2024.
  • This was driven primarily by a 77% increase in brokerage revenue, which reached $352 million,

Bear points

  • Gross margin was 9.6 percent, consistent with our expectations, and compares to 10.3 percent in the prior year. The year-over-year decline reflects the growing share of production from agents who have reached their annual commission cap.
  • once an agent caps, they stop paying the standard 15% split and instead pay a $285 per transaction fee, resulting in lower gross margin on those transactions.
  • the national data now clearly shows a widening gap in per-agent sales productivity. The skill gap is real, and it's growing.
Read full transcript analysis ›