The Real Brokerage Inc. announced its financial results for the third quarter of 2025. Revenue during the quarter increased 53% year-over-year to $568.5 million with gross profit of $44.9 million, a 40% increase from the same period last year. Net loss attributable to the company owners was $0.4 million, an improvement from a net loss of $2.6 million in Q3 2024. Adjusted EBITDA was $20.4 million, up from $13.3 million in the same period last year.
“In the third quarter, revenue increased 53% to $568.5 million and Adjusted EBITDA grew 54% to $20.4 million, while operating losses narrowed compared to last year,” said Ravi Jani, Real Brokerage Chief Financial Officer. “We ended the quarter with a record $56 million of unrestricted cash and short-term investments, even after deploying $15.5 million to share repurchases during the quarter. This financial strength gives us ample flexibility to invest in our platform, support ancillary expansion, and return capital to shareholders.”
The Real Brokerage agent base grew by 2,100 agents during the quarter with a multi-year low churn rate, which the executive team sees as a demonstration of the durability of the company’s growth engine. The company stated that it will continue to prioritize driving deeper agent engagement, streamlining client experience and supporting productivity across the Real Brokerage network.
“Real continued to materially outperform the broader housing market in the third quarter, with closed transactions up 49% year-over-year,” said Tamir Poleg, Real Brokerage Chairman and Chief Executive Officer. “We also surpassed 30,000 agents, reinforcing the strength of our model and our ability to grow in any market cycle. Our focus remains on delivering meaningful value to our agents and their clients while expanding a differentiated ecosystem of ancillary products and services.”
Real Brokerage ended the quarter with $55.8 million of unrestricted cash and cash equivalents and short-term investments with zero debt. During the third quarter of 2025, the company generated $8.8 million of cash from operating activities.
