Real Brokerage Surpasses $350M Revenue as Agents Rapidly Join

Illustration by Lanette Behiry/Real Estate News

Financial Highlights

• Revenue: $354 million, up 76% YoY
• Agent Growth: 26,870 agents, a 61% increase
• Transactions: 33,617 closed, valued at $13.5 billion
• Net Loss: Reduced to $5 million from $16.1 million in Q1 2024

Key Developments

• AI Integration: The company showcased an AI version of CEO Tamir Poleg during the earnings call, which delivered the opening statement. The AI assistant, Leo, now handles all agent support calls.
• Listings Transparency: Poleg emphasized the importance of consumer benefits in listing exposure, opposing strategies that seek competitive advantage over market efficiency.
• Leadership Transition: Sharran Srivatsaa, ranked 30th in the Swanepoel Power 200, will transition from president to the board of directors in June.

Outlook

Real Brokerage continues to expand its agent base and tech capabilities, positioning itself as a resilient player in a fluctuating market. With no debt and growing cash reserves, the company is optimistic about sustaining growth through innovation.

For more details, read the full earnings report here.