Real Brokerage (REAX) Operating Expenses (2020 - 2026)
Real Brokerage's (REAX) quarterly Operating Expenses came in at $45.6 million in Q1 2026, up 16.48% YoY from $39.1 million in Q1 2025, and up 2.96% on a QoQ basis from $44.3 million in Q4 2025.
Real Brokerage (REAX) Operating Expenses (2020 - 2026) Analysis & Trends
Real Brokerage (REAX) has 7 years of Operating Expenses data on file, last reported at $45.6 million in Q1 2026.
- Quarterly Operating Expenses rose 16.48% year-over-year to $45.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $181.4 million (up 27.17% YoY) and the FY2025 annual result came in at $174.9 million, up 24.98% from the prior year.
- Operating Expenses rose to $45.6 million in Q1 2026, 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.
- A 5-year average of $27.6 million and a median of $32.5 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 239.94% — and 2025, when it increased 7.31%.
- Tracing REAX's Operating Expenses over 5 years: stood at $8.4 million in 2022, then soared by 219.34% to $26.8 million in 2023, then soared by 35.74% to $36.4 million in 2024, then rose by 21.75% to $44.3 million in 2025, then rose by 2.96% to $45.6 million in 2026.
- The last three Operating Expenses figures came in at $45.6 million (Q1 2026), $44.3 million (Q4 2025), and $45.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 44.30 Bn | 42.81 Bn | 2.09 Bn | - |
| 2 | KE Holdings | 18.87 Bn | 15.99 Bn | 661.06 Mn | -476.55 Mn |
| 3 | Jones Lang Lasalle | 17.79 Bn | 17.34 Bn | - | 6.64 Bn |
| 4 | Costar | 13.04 Bn | 11.78 Bn | 728.00 Mn | 652.00 Mn |
| 5 | Compass | 9.00 Bn | 8.31 Bn | 3.88 Bn | 4.18 Bn |
| 6 | FirstService | 6.55 Bn | 6.32 Bn | 480.66 Mn | 359.42 Mn |
| 7 | Colliers International | 5.46 Bn | 5.40 Bn | 635,105.00 Bn | 485.10 Mn |
| 8 | Cushman & Wakefield | 3.45 Bn | 2.95 Bn | 512.00 Mn | 2.63 Bn |
| 9 | Opendoor Technologies | 3.35 Bn | 2.45 Bn | 86.00 Mn | 230.00 Mn |
| 10 | Real Brokerage | 636.72 Mn | 550.08 Mn | 58.26 Mn | 65.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 65.29 Mn |
| Mar 31, 2026 | 45.60 Mn |
| Dec 31, 2025 | 44.28 Mn |
| Sep 30, 2025 | 45.33 Mn |
| Jun 30, 2025 | 46.18 Mn |
| Mar 31, 2025 | 39.15 Mn |
| Dec 31, 2024 | 36.37 Mn |
| Sep 30, 2024 | 34.61 Mn |
| Jun 30, 2024 | 32.51 Mn |
| Mar 31, 2024 | 36.48 Mn |
| Dec 31, 2023 | 26.80 Mn |
| Sep 30, 2023 | 22.74 Mn |
| Jun 30, 2023 | 11.23 Mn |
| Mar 31, 2023 | 17.85 Mn |
| Dec 31, 2022 | 8.39 Mn |
| Sep 30, 2022 | 6.69 Mn |
| Jun 30, 2022 | 7.93 Mn |
| Mar 31, 2022 | 6.42 Mn |
| Dec 31, 2021 | 4.20 Mn |
| Sep 30, 2021 | 2.24 Mn |