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

Real Brokerage's Operating Expenses history runs 7 years deep, the most recent figure standing at $45.6 million for 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 was $45.6 million for Q1 2026 at Real Brokerage, up from $44.3 million in the prior quarter.
• Across five years, Operating Expenses topped out at $46.2 million in Q2 2025 and bottomed at $10.1 million in Q1 2022.
• A 5-year average of $29.5 million and a median of $32.5 million in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 476.55% — and 2025, when it advanced 7.31%.
• Real Brokerage's Operating Expenses stood at $15.2 million in 2022, then jumped by 76.48% to $26.8 million in 2023, then surged by 35.74% to $36.4 million in 2024, then advanced by 21.75% to $44.3 million in 2025, then advanced by 2.96% to $45.6 million in 2026.
• Business Quant data shows REAX's Operating Expenses at $45.6 million in Q1 2026, $44.3 million in Q4 2025, and $45.3 million in Q3 2025.