Real Reports Record-Breaking Growth in 2024

The Real Brokerage Inc. (NASDAQ: REAX) has reported exceptional growth in both the fourth quarter and the full year of 2024, underscoring its commitment to innovation and agent success.

Key Financial Highlights:

• Q4 2024:

  • Revenue: $350.6 million, a 93% increase from Q4 2023.
  • Gross Profit: $30.0 million, up 93% year-over-year.
  • Net Loss: Reduced to $6.6 million from $12.0 million in the same period last year.

• Full Year 2024:

  • Revenue: $1.26 billion, marking an 84% increase from 2023.
  • Gross Profit: $114.7 million, an 82% rise compared to the previous year.
  • Net Loss: Improved to $26.5 million from $27.5 million in 2023.

Operational Milestones:

• Transaction Volume: The total value of completed real estate transactions reached $14.6 billion in Q4 2024, a 115% increase from the same quarter in 2023. For the full year, transaction value totaled $49.0 billion, up 90% year-over-year.

• Agent Growth: The number of agents on Real's platform grew by 77% year-over-year, reaching 24,140 by the end of Q4 2024. As of March 6, 2025, the platform hosts approximately 26,200 agents.

Innovations and Strategic Initiatives:

• Real Wallet Launch: In Q4 2024, Real introduced Real Wallet, a proprietary fintech platform designed to streamline financial management for agents. The platform offers business checking accounts and credit lines, enhancing financial flexibility. By February 2025, around 2,500 agents had adopted Real Wallet, with average deposit balances totaling approximately $7 million.

• Share Repurchase Program: Demonstrating confidence in its future, Real invested $36.3 million in stock buybacks throughout 2024.

• Fee Structure Adjustments: To support ongoing investments in technology and agent services, Real announced adjustments to its brokerage model, effective April/May 2025. These include changes to compliance and broker review fees in the U.S. and Canada, aligning with the company's commitment to sustainable growth.

Tamir Poleg, Real’s Chairman and CEO, stated, "Our unwavering commitment to innovation and agent success continues to set us apart in the industry."

Real Brokerage's impressive 2024 performance reflects its dedication to empowering agents and redefining the real estate landscape through technological advancements.