Tap Real Estate Technologies (RWAX) Operating Expenses (2021 - 2026)
Tap Real Estate Technologies' (RWAX) quarterly Operating Expenses came in at $1.8 million in Q1 2026, up 26.93% year-on-year from $1.4 million in Q1 2025, and up 28.27% quarter-over-quarter from $1.4 million in Q4 2025.
Tap Real Estate Technologies (RWAX) Operating Expenses (2021 - 2026) Analysis & Trends
Tap Real Estate Technologies has disclosed Operating Expenses across 6 years of filings, most recently posting $1.8 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $1.8 million, up 26.93% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.0 million (down 2.1% YoY), and the FY2025 annual result was $7.6 million, down 8.2% from the prior year.
- Operating Expenses came in at $1.8 million for Q1 2026 at Tap Real Estate Technologies, up from $1.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $12.8 million in Q4 2022 to a low of -$1.0 million in Q4 2023.
- The 5-year median for Operating Expenses is $2.7 million (2023), against an average of $3.9 million.
- Across the five-year window, Operating Expenses jumped 633.32% in 2022 and tumbled 107.94% in 2023, its largest moves.
- Tap Real Estate Technologies' Operating Expenses stood at $12.8 million in 2022, then sank by 107.94% to -$1.0 million in 2023, then jumped by 515.39% to $4.2 million in 2024, then plunged by 67.73% to $1.4 million in 2025, then advanced by 28.27% to $1.8 million in 2026.
- The last three Operating Expenses figures came in at $1.8 million (Q1 2026), $1.4 million (Q4 2025), and $3.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | IHS Holding | 45.03 Bn | 44.04 Bn | 231.80 | -120.70 Mn |
| 2 | Cbre | 38.54 Bn | 37.33 Bn | 1.85 Bn | - |
| 3 | Costar | 14.00 Bn | 12.72 Bn | 701.00 Mn | 698.00 Mn |
| 4 | Jones Lang Lasalle | 13.85 Bn | 13.53 Bn | - | 6.18 Bn |
| 5 | KE Holdings | 7.04 Bn | 4.80 Bn | 661.06 Mn | -476.55 Mn |
| 6 | Compass | 5.66 Bn | 5.19 Bn | 2.31 Bn | 3.06 Bn |
| 7 | Opendoor Technologies | 4.24 Bn | 4.17 Bn | 72.00 Mn | 231.00 Mn |
| 8 | Cushman & Wakefield | 3.11 Bn | 2.51 Bn | 420.70 Mn | 2.48 Bn |
| 9 | Newmark | 2.67 Bn | 2.62 Bn | - | 820.20 Mn |
| 10 | Tap Real Estate Technologies | - | - | - | 1.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.75 Mn |
| Dec 31, 2025 | 1.37 Mn |
| Sep 30, 2025 | 2.98 Mn |
| Jun 30, 2025 | 1.89 Mn |
| Mar 31, 2025 | 1.38 Mn |
| Dec 31, 2024 | 4.23 Mn |
| Sep 30, 2024 | 1.09 Mn |
| Jun 30, 2024 | 1.46 Mn |
| Mar 31, 2024 | 1.53 Mn |
| Dec 31, 2023 | -1.02 Mn |
| Sep 30, 2023 | 4.65 Mn |
| Jun 30, 2023 | 2.71 Mn |
| Mar 31, 2023 | 3.83 Mn |
| Dec 31, 2022 | 12.83 Mn |
| Sep 30, 2022 | 6.72 Mn |
| Jun 30, 2022 | 7.68 Mn |
| Mar 31, 2022 | 10.98 Mn |
| Dec 31, 2021 | -2.41 Mn |
| Sep 30, 2021 | 12.26 Mn |
| Jun 30, 2021 | 17.69 Mn |