The Real Brokerage Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024, highlighting a record-breaking year. The company achieved its first-ever $1 billion revenue year, reaching $1.3 billion, an 84% increase from 2023.
For the full year 2024, gross profit grew by 82% to $114.7 million, and Adjusted EBITDA hit a record $40 million, up 188% from the prior year. In the fourth quarter of 2024, revenue increased by 36% year-over-year to $363.7 million, with gross profit rising by 54% to $30.9 million.
The company also reported a significant improvement in net loss attributable to owners, which narrowed to $(4.9) million in Q4 2024 from $(10.0) million in Q4 2023. Adjusted EBITDA for Q4 2024 was $19.9 million, up from $11.2 million in the prior year's quarter.
Operational metrics continued to show strong growth, with closed transaction sides increasing by 99% to 35,370 in Q4 2024, and the total value of home side transactions rising by 115% to $14.6 billion. The total number of agents on the platform grew by 77% year-over-year, reaching 24,140 by the end of 2024.
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