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Real Brokerage (REAX) Operating Expenses (2020 - 2026)

Real Brokerage filings provide 7 years of Operating Expenses readings, the most recent being $45.6 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 16.48% to $45.6 million in Q1 2026 year-over-year; TTM through Mar 2026 was $181.4 million, a 27.17% increase, with the full-year FY2025 number at $174.9 million, up 24.98% from a year prior.
  • Operating Expenses hit $45.6 million in Q1 2026 for Real Brokerage, up from $44.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $46.2 million in Q2 2025 to a low of $6.4 million in Q1 2022.
  • Median Operating Expenses over the past 5 years was $32.5 million (2024), compared with a mean of $28.2 million.
  • Biggest five-year swings in Operating Expenses: surged 14985.26% in 2022 and later grew 7.31% in 2025.
  • Real Brokerage's Operating Expenses stood at $8.3 million in 2022, then soared by 223.51% to $26.8 million in 2023, then surged by 35.74% to $36.4 million in 2024, then increased by 21.75% to $44.3 million in 2025, then increased by 2.96% to $45.6 million in 2026.
  • The last three reported values for Operating Expenses were $45.6 million (Q1 2026), $44.3 million (Q4 2025), and $45.3 million (Q3 2025) per Business Quant data.