The Real Brokerage Inc. (REAX) Balance Sheet
REAX balance sheet, 2025
December 31, 2025 · U.S. dollars$126.9M assets = $75.3M liabilities + $51.6M equity
Both columns are drawn to the same scale: what REAX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
REAX financial health
Descriptive bands, not a rating. Fiscal 2025.
REAX balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $357,5912018 | $126.9M2025 | +131.4%/yr | |
| Total liabilities | $14,0852018 | $75.3M2025 | +240.8%/yr | |
| Shareholders’ equity | $343,5052018 | $51.7M2025 | +104.7%/yr | |
| Cash & short-term investments | $357,5912018 | $76.3M2025 | +115.1%/yr | |
| Total debt | $11.0M2018 | $12.9M2023 | +3.4%/yr | |
| Net cash (debt) | −$10.6M2018 | $28.9M2023 | +$39.5M | |
| Working capital | $343,5062018 | $30.5M2025 | +$30.2M | |
| Book value per share | $0.022018 | $2.352025 | +91.9%/yr | |
| Current ratio | 25.392018 | 1.412025 | −23.98 | |
| Debt / equity | 31.942018 | 0.352023 | −31.59 | |
| Shares outstanding | 14.0M2018 | 22.0M2025 | +6.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
REAX assets
REAX liabilities and equity
REAX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
REAX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $76.3M | $32.8M | $41.9M | $18.7M | $34.6M | $21.2M | $53,000 | $357,591 |
| Cash & equivalents | $59.6M | $23.4M | $27.7M | $10.8M | $29.1M | $21.2M | $53,000 | $357,591 |
| Short-term investments | $16.7M | $9.4M | $14.2M | $7.9M | $8.8M | $0 | — | — |
| Receivables | $26.4M | $14.4M | $6.5M | $1.6M | $277,000 | $338,000 | $66,000 | $276,000 |
| Inventory | $0 | $0 | $1 | $7.5M | $47,000 | $47,000 | $43,000 | −$522,000 |
| Other current assets | $3.1M | $25.7M | $2.1M | $529,000 | $3.7M | $89,000 | $33,000 | $246,000 |
| Total current assets | $105.8M | $72.9M | $50.5M | $28.4M | $38.7M | $21.7M | $195,000 | $357,591 |
| Property, plant & equipment (net) | $2.5M | $2.1M | $1.6M | $1.4M | $279,000 | $207,000 | $213,000 | $350,000 |
| Goodwill & intangible assets | $13.2M | $11.6M | $12.4M | $14.0M | $1.1M | $0 | $0 | $0 |
| Long-term investments | $2.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $126.9M | $86.6M | $64.5M | $43.8M | $40.0M | $21.9M | $408,000 | $357,591 |
| Liabilities | ||||||||
| Accounts payable | $1.2M | $1.4M | $571,000 | $474,000 | $54,000 | $815,000 | $336,000 | $352,000 |
| Short-term debt | — | — | $12.9M | $96,000 | $91,000 | $85,000 | $122,000 | $122,000 |
| Deferred revenue | — | $24.1M | $12.9M | $7.5M | $3.3M | — | — | — |
| Total current liabilities | $75.3M | $54.5M | $27.2M | $21.1M | $12.3M | $964,000 | $498,000 | $14,085 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | $0 | $96,000 | $131,000 | $215,000 | $222,000 | — |
| Other long-term liabilities | $9,999 | $0 | $268,999 | $242,000 | $2.9M | $145,000 | $11.8M | $11.0M |
| Total liabilities | $75.3M | $54.5M | $27.5M | $21.3M | $13.0M | $1.1M | $12.3M | $14,085 |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | $400,981 | $380,709 |
| Retained earnings (deficit) | −$112.9M | −$104.7M | −$78.2M | −$50.7M | −$30.1M | −$18.4M | −$14.8M | −$107,970 |
| Accumulated other comprehensive income | $317,999 | $708,000 | $52.8M | $24.6M | −$347,000 | $2.8M | $1.6M | $70,766 |
| Minority interest | −$90,000 | −$3,000 | $209,000 | $263,000 | — | — | — | — |
| Total shareholders' equity | $51.7M | $32.1M | $37.1M | $22.2M | $27.0M | $6.0M | −$11.9M | $343,505 |
| Key figures | ||||||||
| Total debt | — | — | $12.9M | $96,000 | $131,000 | $215,000 | $12.0M | $11.0M |
| Net cash (debt) | — | — | $28.9M | $18.6M | $34.5M | $21.0M | −$11.9M | −$10.6M |
| Working capital | $30.5M | $18.5M | $23.3M | $7.3M | $26.4M | $20.7M | −$303,000 | $343,506 |
| Tangible book value | $38.5M | $20.6M | $24.6M | $8.2M | $26.0M | $6.0M | −$11.9M | $343,505 |
| Book value per share | $2.35 | $1.68 | $0.21 | $1.24 | $1.51 | $0.59 | −$0.85 | $0.02 |
| Shares outstanding | 22.0M | 19.1M | 178.1M | 17.8M | 17.9M | 10.2M | 14.0M | 14.0M |
| Current ratio | 1.41 | 1.34 | 1.86 | 1.34 | 3.14 | 22.51 | 0.39 | 25.39 |
| Quick ratio | 1.36 | 0.87 | 1.78 | 0.96 | 2.83 | 22.37 | 0.24 | 44.98 |
| Debt / equity | — | — | 0.35 | 0.00 | 0.00 | 0.04 | — | 31.94 |
| Equity / assets | 40.7% | 37.1% | 57.5% | 50.6% | 67.5% | 27.3% | −2,926.5% | 96.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $86.6M | $99.7M | $76.3M | $55.8M | $54.8M | $35.3M | $32.8M | $32.0M | $33.6M | $34.5M | $41.9M | $33.0M |
| Cash & equivalents | $73.8M | $82.8M | $59.6M | $36.4M | $49.6M | $24.7M | $23.4M | $21.6M | $23.3M | $20.1M | $27.7M | $19.0M |
| Short-term investments | $12.8M | $16.9M | $16.7M | $19.4M | $5.2M | $10.6M | $9.4M | $10.4M | $10.3M | $14.4M | $14.2M | $14.0M |
| Receivables | $44.9M | $34.2M | $26.4M | $30.1M | $26.9M | $16.8M | $14.4M | $17.3M | $18.7M | $9.6M | $6.5M | $2.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $16.3M |
| Other current assets | $62.5M | $2.8M | $3.1M | $38.8M | $47.9M | $31.8M | $25.7M | $39.2M | $43.9M | $25.7M | $2.1M | $1.3M |
| Total current assets | $194.1M | $136.7M | $105.8M | $124.7M | $129.6M | $83.9M | $72.9M | $88.5M | $96.2M | $69.8M | $50.5M | $53.3M |
| Property, plant & equipment (net) | $2.4M | $2.5M | $2.5M | $2.5M | $2.3M | $2.2M | $2.1M | $2.2M | $2.0M | $1.6M | $1.6M | $1.6M |
| Goodwill & intangible assets | $12.5M | $12.8M | $13.2M | $13.5M | $11.1M | $11.3M | $11.6M | $11.8M | $12.0M | $12.2M | $12.4M | $13.3M |
| Long-term investments | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.2M | $2.7M | $3.2M | $2.2M | $4.1M | $3.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $213.4M | $156.9M | $126.9M | $145.2M | $149.4M | $100.5M | $86.6M | $102.5M | $110.2M | $83.6M | $64.5M | $68.2M |
| Liabilities | ||||||||||||
| Accounts payable | $948,000 | $931,000 | $1.2M | $1.1M | $1.3M | $927,000 | $1.4M | $1.1M | $1.2M | $1.1M | $571,000 | $653,000 |
| Short-term debt | — | — | — | — | — | — | — | — | −$33.1M | — | $12.9M | — |
| Deferred revenue | $54.8M | — | — | $35.9M | $46.3M | $30.3M | $24.1M | $27.5M | $33.1M | $24.4M | $12.9M | $16.3M |
| Total current liabilities | $134.8M | $91.3M | $75.3M | $91.6M | $100.5M | $67.9M | $54.5M | $72.5M | $79.3M | $58.0M | $27.2M | $43.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | — | — | — | — | $0 | $0 |
| Other long-term liabilities | $10,000 | $10,000 | $9,999 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $268,999 | $246,000 |
| Total liabilities | $134.8M | $91.3M | $75.3M | $91.6M | $100.5M | $67.9M | $54.5M | $72.5M | $79.3M | $58.0M | $27.5M | $43.2M |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | −$124.3M | −$116.3M | −$112.9M | −$108.6M | −$108.2M | −$109.7M | −$104.7M | −$98.1M | −$95.5M | −$94.3M | −$78.2M | −$66.2M |
| Accumulated other comprehensive income | $355,000 | $701,000 | $317,999 | $392,000 | $582,000 | $599,000 | $708,000 | $195,000 | $57.4M | $53.4M | $52.8M | $32.4M |
| Minority interest | −$89,000 | −$111,000 | −$90,000 | −$47,000 | −$218,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $78.7M | $65.7M | $51.7M | $53.6M | $49.2M | $32.8M | $32.1M | $29.8M | $30.6M | $25.5M | $36.9M | $24.6M |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | — | — | — | — | −$33.1M | — | $12.9M | — |
| Net cash (debt) | — | — | — | — | — | — | — | — | $66.7M | — | $28.9M | — |
| Working capital | $59.3M | $45.4M | $30.5M | $33.1M | $29.1M | $16.0M | $18.5M | $16.0M | $16.9M | $11.8M | $23.3M | $10.3M |
| Tangible book value | $66.2M | $52.9M | $38.5M | $40.1M | $38.1M | $21.4M | $20.6M | $18.0M | $18.6M | $13.2M | $24.4M | $11.4M |
| Book value per share | $3.42 | — | $2.33 | $2.45 | $2.11 | $1.60 | $1.60 | $1.52 | $1.62 | $1.38 | $0.20 | $1.36 |
| Shares outstanding | 23.0M | — | 22.1M | 21.9M | 23.3M | 20.4M | 20.1M | 19.7M | 18.9M | 18.5M | 181.3M | 18.1M |
| Current ratio | 1.44 | 1.50 | 1.41 | 1.36 | 1.29 | 1.23 | 1.34 | 1.22 | 1.21 | 1.20 | 1.86 | 1.24 |
| Quick ratio | 0.98 | 1.47 | 1.36 | 0.94 | 0.81 | 0.77 | 0.87 | 0.68 | 0.66 | 0.76 | 1.78 | 0.83 |
| Debt / equity | — | — | — | — | — | — | — | — | −1.08 | — | 0.35 | — |
| Equity / assets | 36.9% | 41.9% | 40.7% | 36.9% | 32.9% | 32.6% | 37.1% | 29.1% | 27.7% | 30.5% | 57.1% | 36.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 4, 2026); data from EODHD.
REAX financial position
At the end of fiscal 2025 (December 31, 2025), Real Brokerage had total assets of $126.9 million (up 46.5% from a year earlier), total liabilities of $75.3 million and shareholders' equity of $51.7 million. Its current ratio was 1.41. In the latest quarter (ended June 30, 2026) total assets were $213.4 million and equity $78.7 million.
Related: REAX income statement, REAX cash flow statement, REAX key metrics. See the REAX stock overview for the latest quote and news.
REAX balance sheet FAQ
What are Real Brokerage's total assets?
Real Brokerage reported total assets of $126.9 million at the end of fiscal 2025 (December 31, 2025), compared with $86.6 million a year earlier.
How much cash does Real Brokerage have?
Real Brokerage held $76.3 million in cash and short-term investments at the end of fiscal 2025.
What is Real Brokerage's book value?
Real Brokerage's shareholders' equity (book value) was $51.7 million at the end of fiscal 2025, or $2.35 per share.
What is Real Brokerage's current ratio?
Real Brokerage had current assets of $105.8 million and current liabilities of $75.3 million, a current ratio of 1.41 (it can cover its short-term obligations).
How much goodwill does Real Brokerage have?
Real Brokerage carried $13.2 million of goodwill and intangible assets, 10.4% of total assets, at the end of fiscal 2025.