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

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WEBVTT 00:00:00.031 -- 00:00:03.817 Good day, everyone, and welcome to the Real Brokerage fourth quarter and full year-end 00:00:03.817 -- 00:00:07.963 December 31st, 2025 earnings call. 00:00:07.963 -- 00:00:12.129 At this time, all participants are placed on a listen-only mode, and we will open the 00:00:12.129 -- 00:00:14.753 floor for your questions and comments after the presentation. 00:00:14.753 -- 00:00:16.156 It 00:00:16.156 -- 00:00:19.000 is now my pleasure to hand the floor over to your host, Ms. 00:00:19.000 -- 00:00:22.485 Alex Lumpkin, Chief Legal Officer at The Real Brokerage. 00:00:22.485 -- 00:00:24.508 Ma'am, the floor is yours. 00:00:24.508 -- 00:00:27.978 Thanks, and good morning. Good morning. Thank you for standing by and welcome to the 00:00:27.978 -- 00:00:32.185 Real Brokerage Conference Call and Webcast for the fourth quarter and full year ended 00:00:32.185 -- 00:00:34.589 December 31, 2025. 00:00:34.589 -- 00:00:37.273 We appreciate everyone for joining us today. 00:00:37.273 -- 00:00:42.321 With me on the call today are Tamir Poleg, our Chairman and Chief Executive Officer, 00:00:42.321 -- 00:00:47.804 Jenna Rosenblatt, our Chief Operating Officer, and Robby Jani, our Chief Financial Officer. 00:00:47.804 -- 00:00:52.012 This morning, Real published an earnings press release including results for the fourth 00:00:52.012 -- 00:00:55.118 quarter and full year ended December 31, 2025. 00:00:55.118 -- 00:01:00.408 The press release, along with the consolidated financial statements and related management 00:01:00.408 -- 00:01:04.676 discussion and analysis for the full year ended December 31, 2025, 00:01:04.676 -- 00:01:09.024 have been filed with the U.S. Securities and Exchange Commission on EDGAR and with the 00:01:09.024 -- 00:01:14.551 C...