Growth Metrics

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

Real Brokerage filings provide 7 years of Cost of Revenue readings, the most recent being $423.4 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 32.29% to $423.4 million in Q1 2026 year-over-year; TTM through Mar 2026 was $1.9 billion, a 47.76% increase, with the full-year FY2025 number at $1.8 billion, up 56.77% from a year prior.
  • Cost of Revenue hit $423.4 million in Q1 2026 for Real Brokerage, down from $466.1 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $523.7 million in Q3 2025 to a low of $5.7 million in Q2 2022.
  • Median Cost of Revenue over the past 5 years was $195.9 million (2023), compared with a mean of $234.6 million.
  • The widest YoY moves for Cost of Revenue: up 3060.64% in 2023, down 86.23% in 2023.
  • Real Brokerage's Cost of Revenue stood at $7.1 million in 2022, then surged by 2248.25% to $165.8 million in 2023, then skyrocketed 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.
  • The last three reported values for Cost of Revenue were $423.4 million (Q1 2026), $466.1 million (Q4 2025), and $523.7 million (Q3 2025) per Business Quant data.