REAX on Nasdaq

The Real Brokerage

The Real Brokerage is a real estate technology company (Nasdaq: REAX) founded in 2014.1 It is headquartered in Miami, Florida.1

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Last updated Oct 20, 2026.

Overview

$2.0BRevenue, fiscal 20253
-$8.1MNet income, fiscal 20253
2014Founded1

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  • TickerREAX on Nasdaq1
  • IndustryReal Estate Agents & Managers (For Others)1
  • HeadquartersMiami, Florida1
  • Incorporated inDE4
  • Business address701 Brickell Avenue, 17Th Floor, Miami, Fl 331314
  • Filer categoryAccelerated filer4

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.4%Gross margin3
-0.5%Operating margin3
-0.4%Net margin3
55.7%Revenue growth, 20253
-15.7%Return on equity3
$64.8MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue92¢$1.8B
  • Research and development1¢$17.4M
  • Other costs7¢$147.5M
  • Income tax0¢$740.0K

Out of $2.0B in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$1.1M
  • Share buybacks60¢$39.4M
  • Kept or used elsewhere39¢$25.5M

Out of $65.9M of cash from operations.3

Financial statements

Revenue56783$2.0B in 2025+11787% since 2020
0$500.0M$1.0B$1.5B$2.0B2020: $16.6M$16.6M20202021: $121.7M$121.7M2021+635%2022: $381.8M$381.8M2022+214%2023: $689.2M$689.2M2023+81%2024: $1.3B$1.3B2024+84%2025: $2.0B$2.0B2025+56%
Gross profit56783$165.7M in 2025+7592% since 2020
0$50.0M$100.0M$150.0M$200.0M2020: $2.2M$2.2M20202021: $11.1M$11.1M2021+415%2022: $31.9M$31.9M2022+188%2023: $62.9M$62.9M2023+97%2024: $114.7M$114.7M2024+82%2025: $165.7M$165.7M2025+44%
Operating income56783-$9.2M in 2025+249% since 2020
-$30.0M-$20.0M-$10.0M02020: -$2.6M-$2.6M20202021: -$11.3M-$11.3M2021+326%2022: -$19.7M-$19.7M2022+75%2023: -$26.0M-$26.0M2023+32%2024: -$25.2M-$25.2M2024−3%2025: -$9.2M-$9.2M2025−63%
Net income56783-$8.1M in 2025+124% since 2020
-$30.0M-$20.0M-$10.0M02020: -$3.6M-$3.6M20202021: -$11.7M-$11.7M2021+223%2022: -$20.3M-$20.3M2022+74%2023: -$27.5M-$27.5M2023+35%2024: -$26.5M-$26.5M2024−3%2025: -$8.1M-$8.1M2025−69%
Fiscal year2019202020212022202320242025
Revenue$16.6M5$121.7M6$381.8M7$689.2M8$1.3B3$2.0B3
Cost of revenue$110.6M6$349.8M7$626.3M8$1.1B3$1.8B3
Gross profit$2.2M5$11.1M6$31.9M7$62.9M8$114.7M3$165.7M3
Research and development$4.0M6$4.9M7$7.4M8$12.2M3$17.4M3
Operating expenses$88.9M8$140.0M3$174.9M3
Operating income-$2.6M5-$11.3M6-$19.7M7-$26.0M8-$25.2M3-$9.2M3
Interest$662.0K6$1.2M7$619.0K7
Income before tax-$26.5M3-$8.8M3
Income tax-$740.0K3
Net income-$3.6M5-$11.7M6-$20.3M7-$27.5M8-$26.5M3-$8.1M3
Earnings per share-$0.076-$0.127-$0.158-$0.143-$0.043
Earnings per share (diluted)-$0.045-$0.075-$0.127-$0.158-$0.143-$0.043
Shares (weighted, basic)161.7K shares6178.2M shares7178.1M shares8191.2M shares3219.9M shares3
Shares (weighted, diluted)170.5K shares6178.2M shares7178.1M shares8191.2M shares3219.9M shares3

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Corporate structure

The Real Brokerage sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of The Real Brokerage

  • Portolan Capital Management, LLC Filed SCHEDULE 13G/A on The Real Brokerage, latest Aug 14, 2026 (3 filings since Jan 8, 2026)
  • Insight Partners (Cayman) XI, L.P. Filed SCHEDULE 13G/A on The Real Brokerage, latest Nov 13, 2025 (4 filings since Feb 10, 2022)
  • Tamir Poleg Filed SCHEDULE 13G/A on The Real Brokerage, latest Oct 24, 2025 (5 filings since Mar 29, 2022)
  • Guy Gamzu Filed SCHEDULE 13G/A on The Real Brokerage, latest Jan 30, 2025 (4 filings since Jun 1, 2023)
  • Insight Holdings Group, LLC Filed SC 13G/A on The Real Brokerage, latest Nov 12, 2024
  • Jonathan Kolber Filed SC 13G/A on The Real Brokerage, latest Jul 10, 2024 (2 filings since Apr 10, 2024)
  • Yahal Zilka Filed SC 13G on The Real Brokerage, latest Feb 8, 2022
  • The Real Brokerage Miami, Florida

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

Leadership

Who has led The Real Brokerage, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Tamir Poleg2026–now

President

  1. Jenna Rozenblat2026–now

Chief financial officer

  1. Ravi Jani2026–now
201520202025
Board members and other officers (13)

Former names

  • Rome Wildlife, Inc.Jun 12, 2026 to Aug 6, 20264

Timeline

  1. Aug 28, 20268-K Executive or director change25
  2. Aug 24, 2026New chief executive Tamir Poleg becomes CEO10
  3. 2014Founded Founded1

Calendar

Coming up

  1. Oct 29, 2026Reports results for the quarter ending Sep/202626

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

443 filings to the SEC since October 2021: 7 annual reports, 2 major events, 47 insider forms, 21 large holders, 366 other. The latest 20:

  1. Oct 2, 20264/A AMENDED STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Sep 28, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  3. Sep 24, 2026SCHEDULE 13D EDGAR
  4. Sep 21, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Sep 18, 20264 EDGAR
  6. Sep 18, 20264 EDGAR
  7. Sep 17, 2026144 EDGAR
  8. Sep 16, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Sep 15, 20264 EDGAR
  10. Sep 15, 20264 EDGAR
  11. Sep 15, 20264 EDGAR
  12. Sep 15, 20264 EDGAR
  13. Sep 14, 20264 EDGAR
  14. Sep 14, 20264 EDGAR
  15. Sep 14, 20264 EDGAR
  16. Sep 14, 20264 EDGAR
  17. Sep 14, 20264/A EDGAR
  18. Sep 11, 20264 EDGAR
  19. Sep 11, 20264 EDGAR
  20. Sep 11, 20264 EDGAR

The 443 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 17, 2026Liniger David L.10% ownerSale52,876$19.12$1.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How The Real Brokerage is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARReal REMAX Group Inc.2
  • CIK0002136387
  • Employer ID (EIN)42-21400102
  • Filer statusAccelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6531 Real Estate Agents & Managers (For Others)2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address701 Brickell Avenue, 17Th Floor, Miami, FL 331312
  • Phone305-306-95532
  • On EDGAR sinceJun 12, 20262
  • Filings57 in all: 4 (25), 3 (16), 4/A (6), 424B3 (2), 144 (1), 8-K (1), 8-K12B (1), EFFECT (1)2
    All 12 form types

    S-4 (1), S-4/A (1), S-8 (1), SCHEDULE 13D (1)

  • Latest filingsLatest 8-K (8-K) Aug 28, 2026

Sources

The numbers on this page point here. Each one links to the record it came from.

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