The Real Brokerage, Inc. (REAX) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Real Brokerage fourth quarter and full year-end December 31st, 2025 earnings call. At this time, all participants are placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to hand the floor over to your host, Ms. Alex Lumpkin, Chief Legal Officer at The Real Brokerage. Ma'am, the floor is yours. Thanks, and good morning. Good morning. Thank you for standing by and welcome to the Real Brokerage Conference Call and Webcast for the fourth quarter and full year ended December 31, 2025. We appreciate everyone for joining us today. With me on the call today are Tamir Poleg, our Chairman and Chief Executive Officer, Jenna Rosenblatt, our Chief Operating Officer, and Robby Jani, our Chief Financial Officer. This morning, Real published an earnings press release including results for the fourth quarter and full year ended December 31, 2025. The press release, along with the consolidated financial statements and related management discussion and analysis for the full year ended December 31, 2025, have been filed with the U.S. Securities and Exchange Commission on EDGAR and with the Canadian securities regulators on SEDAR. Before we get started, I'd like to remind everyone that statements made on this conference call that are not historical facts, including statements about future time periods, may be deemed to constitute forward-looking statements. Our actual results may differ materially from these forward-looking statements, and the risk factors that could cause these differences are detailed in our Canadian Continuous Disclosure Documents and SEC Report. REAL disclaims any intent or obligation to upstate these forward-looking statements, except as expressl...