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

Real Brokerage has reported Operating Expenses for 7 years, with the latest figure at $45.6 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 16.48% year-over-year to $45.6 million; the trailing twelve-month figure through Mar 2026 stood at $181.4 million (up 27.17% YoY), and the FY2025 full-year result was $174.9 million, up 24.98% from the prior year.
• Operating Expenses for Q1 2026 stood at $45.6 million, up from $44.3 million in the prior quarter.
• The five-year high for Operating Expenses was $46.2 million in Q2 2025, with the low at $6.4 million in Q1 2022.
• Historically, Operating Expenses has averaged $28.2 million across 5 years, with a median of $32.5 million in 2024.
• Annual changes were most pronounced in 2023 — Operating Expenses soared 239.94% — and 2025, when it increased 7.31%.
• Real Brokerage's Operating Expenses stood at $8.3 million in 2022, then jumped by 223.51% 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.