The Real Brokerage Inc. announced its financial results for the first quarter of 2025. Revenue during the quarter reached $354 million, a 76% year-over-year increase, while gross profit grew 63% year-over-year to $33.9 million. Adjusted EBITDA was $8.3 million during the quarter, compared to $3.6 million in the same period of last year.
“Our first quarter results demonstrate the strength, scalability, and resilience of our platform,” said Ravi Jani, Real Chief Financial Officer. “Looking ahead, we remain focused on driving above-market growth and improving margins, with a disciplined approach to capital allocation. Our strategy is grounded in creating long-term value for our agents, partners, and shareholders.”
The total number of transactions closed was 33,617, a 77% increase from Q1 2024, while total value of completed real estate transactions reached $13.5 billion, an 80% increase from $7.5 billion in the first quarter of last year. Agent numbers also increased by 61% year-over-year to 26,870.
The company’s launch of Real Wallet in the fourth quarter of 2024 saw momentum in the first quarter of 2025, with approximately 3,200 Real agents using Real Wallet business checking accounts. The average deposit balance held in all Real Wallet checking and tax planning accounts is now approximately $8 million.
“Real delivered outstanding results to start 2025, continuing our track record of differentiated growth,” said Tamir Poleg, Real Chairman and Chief Executive Officer. “Our focus on innovation remains central to our success. With Leo CoPilot, our AI-powered agent assistant, and continued momentum in Real Wallet, we believe we are building moats that increase the value of our platform to agents—helping them grow their businesses and attracting top talent to Real. We are committed to building a platform that generates sustainable, long-term growth and returns.”
