Real Matters, Inc. · TSX:REAL
Real Matters — Q2 2026 Earnings Presentation
8 slides from Real Matters's earnings presentation, May 1, 2026
Slide 1: Q2 2026 Financial Results
Q2 2026 FINANCIAL RESULTS May 1, 2026 (all amounts are expressed in U.S. dollars, excluding per share amounts and unless otherwise stated)
Slide 2: Cautionary Note Regarding Forward-Looking Information
Cautionary Note Regarding Forward-Looking Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws. Words such as “aim”, “could”, “forecast”, “target”, “may”, “might”, “will”, “would”, “expect”, “anticipate”, “estimate”, “intend”,
Slide 3: Q2 2026 Highlights
Q2 2026 Highlights • Strong consolidated growth and inflection in profitability: positive consolidated Adjusted EBITDA1 of $0.9 million, the strongest result in seven quarters, reflecting meaningful operating leverage. • Client momentum is accelerating: launched seven new clients in the second quart
Slide 4: Q2 2026 Highlights by Segment
Q2 2026 Highlights U.S. Appraisal $47.2M • Revenues of $33.7M +26% YoY driven by purchase market stability, a rebound in refinance activity, and continued market share gains in home equity and other services • Net Revenue1 margin of 25.6%: -170 bps YoY due to geography, clients and product mix Conso
Slide 5: Q2 2026 and Fiscal 2026 Financial Highlights
Q2 2026 and Fiscal 2026 Financial Highlights QoQ YoY YoY millions of U.S. dollars Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 YTD 2026 YTD 2025 Change Change Change Revenues U.S. Appraisal $33.7 $32.9 $33.1 $32.6 $26.7 3% 26% $66.6 $56.0 19% U.S. Title 5.1 4.4 2.9 2.8 2.3 16% 127% 9.6 4.8 100% Canada 8.
Slide 6: Q2 2026 and Fiscal 2026 Non-GAAP Measures
Q2 2026 and Fiscal 2026 Non-GAAP Measures QoQ YoY YoY millions of U.S. dollars Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 YTD 2026 YTD 2025 Change Change Change 1 Net Revenue U.S. Appraisal $8.6 $8.4 $8.4 $8.5 $7.3 3% 18% $17.0 $15.1 13% 1 Net Revenue Margin 25.6% 25.4% 25.5% 26.2% 27.3% 25.5% 26.9% U.
Slide 7: Appendix A – Non-GAAP Measures
Appendix A – Non-GAAP Measures Net Revenue represents the difference between revenues and transaction costs. Net Revenue margin is calculated as Net Revenue divided by Revenues. The reconciling items between net income or loss and Net Revenue for the periods present below were as follows: Quarter en
Slide 8: Appendix A – Non-GAAP Measures
Appendix A – Non-GAAP Measures Adjusted EBITDA represents net income or loss before stock-based compensation expense, amortization, restructuring expenses, interest expense, interest income, net foreign exchange gain or loss, gain or loss on fair value of derivatives and income tax expense or recove