The Real Brokerage Inc. announced its financial results for the second quarter of 2026. Revenue during the quarter grew 30% year-over-year to $700.6 million with a gross profit of $58.3 million. The company saw a net loss of $8 million during the quarter, compared to a net income of $1.6 million in the same period of 2025. Basic and diluted loss per share was $0.03 with an adjusted EBITDA of $27.6 million
The company’s definitive agreement to acquire REMAX has been approved by the boards of directors of both companies, forming a new holding company expected to be renamed Real REMAX Group Inc. Subject to approval by securityholders and shareholders, the transaction is expected to close in the second half of 2026.
“Real delivered another quarter of significant double-digit organic revenue growth and Adjusted EBITDA margin expansion, despite an overall housing market that remains near trough levels,” said Tamir Poleg, Real Chairman and Chief Executive Officer. “We enter the second half of the year with a robust pipeline and continue to make meaningful progress toward closing our acquisition of RE/MAX Holdings Inc. (“REMAX”), with our securityholder meeting to approve the transaction scheduled for August 14, 2026. We look forward to bringing together REMAX’s iconic global brand and network of over 140,000 agents with Real’s technology platform as the Real REMAX Group, and to building the technology-enabled real estate platform of the future together.”
The total number of agents grew 26% since the second quarter of 2025 to 35,348 agents with 62,380 transactions closed, representing a 27% year-over-year improvement. The total value of completed real estate transactions reached $26.3 billion, a 31% increase from Q2 2025.
“Real’s agent count grew 26% year-over-year to 35,348 in the second quarter, and we continue to make progress rolling out AI enhancements across our technology platform to improve the agent experience, while driving growth across our higher-margin ancillary services,” said Jenna Rozenblat, Chief Operating Officer and Chief Integration Officer. “With integration planning under way we have high confidence in our ability to achieve $30 million of cost synergies within three years post-closing.”
The company’s financial technology platform, Real Wallet, totaled $592,000 with more than 10,200 Real agents utilizing the Real Wallet Business Checking Account. Total deposit balance held in all Real Wallet Business Checking Accounts, including Tax Planning Business Checking Accounts, was approximately $38.4 million.
One Real Title revenue was $1.7 million during the quarter, a 29% year-over-year increase. One Real Mortgage revenue was $1.9 million and now has 169 mortgage loan officers, including 137 affiliated with the Real Originate program.
“Real delivered another quarter of strong financial performance,” said Ravi Jani, Real Chief Financial Officer. “Revenue grew 30% to $700.6 million, and GAAP net loss was $8.0 million, including approximately $11.6 million of acquisition costs related to the pending REMAX acquisition. On a non-GAAP basis, Adjusted EBITDA grew 38% to $27.6 million. We ended the quarter with $86.6 million in cash and no debt, providing us with significant financial flexibility as we work toward closing the REMAX acquisition.”
