Real Brokerage (REAX) Cost of Revenue (2020 - 2026)

Real Brokerage's Cost of Revenue history runs 7 years deep, the most recent figure standing at $423.4 million for Q1 2026.

• Quarterly Cost of Revenue rose 32.29% year-over-year to $423.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 47.76% YoY) and the FY2025 annual result came in at $1.8 billion, up 56.77% from the prior year.
• Cost of Revenue was $423.4 million for Q1 2026 at Real Brokerage, down from $466.1 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $523.7 million in Q3 2025 and bottomed at $55.8 million in Q1 2022.
• A 5-year average of $256.0 million and a median of $195.9 million in 2023 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue soared 591.12% — and 2026, when it soared 32.29%.
• Real Brokerage's Cost of Revenue stood at $87.9 million in 2022, then jumped by 88.64% to $165.8 million in 2023, then jumped by 93.38% to $320.6 million in 2024, then soared by 45.36% to $466.1 million in 2025, then dropped by 9.16% to $423.4 million in 2026.
• Business Quant data shows REAX's Cost of Revenue at $423.4 million in Q1 2026, $466.1 million in Q4 2025, and $523.7 million in Q3 2025.