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

Real Brokerage has reported Cost of Revenue for 7 years, with the latest figure at $423.4 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 32.29% year-over-year to $423.4 million; the trailing twelve-month figure through Mar 2026 stood at $1.9 billion (up 47.76% YoY), and the FY2025 full-year result was $1.8 billion, up 56.77% from the prior year.
• Cost of Revenue for Q1 2026 stood at $423.4 million, down from $466.1 million in the prior quarter.
• The five-year high for Cost of Revenue was $523.7 million in Q3 2025, with the low at $5.7 million in Q2 2022.
• Historically, Cost of Revenue has averaged $234.6 million across 5 years, with a median of $195.9 million in 2023.
• The largest YoY upside for Cost of Revenue was 3060.64% in 2023 against a maximum downside of 86.23% in 2023.
• Real Brokerage's Cost of Revenue stood at $7.1 million in 2022, then soared by 2248.25% to $165.8 million in 2023, then surged by 93.38% to $320.6 million in 2024, then jumped by 45.36% to $466.1 million in 2025, then decreased by 9.16% to $423.4 million in 2026.
• The last three Cost of Revenue figures came in at $423.4 million (Q1 2026), $466.1 million (Q4 2025), and $523.7 million (Q3 2025), per Business Quant data.