RESAAS SERVICES INC. REPORTS Q1 2026 FINANCIAL RESULTS

About this update from Resaas Services, Inc.

98% Year-Over-Year Revenue Growth; Company Achieves Net Income Profitability; Secures Two Landmark Global Enterprise Agreements VANCOUVER, BC, May 28, 2026 /CNW/ - RESAAS Services Inc. ("RESAAS" or "the Company") (TSXV: RSS) (OTCQB: RSASF), a technology company modernizing collaboration, payments, and data exchange across the global real estate industry, today announced its financial results for the first quarter ended March 31, 2026. The Company delivered a record revenue quarter on a year-over-year basis, achieved net profitability, and expanded its enterprise client roster with two globally recognized real estate brands, underscoring the growing commercial validation of its platform. Q1 2026 FINANCIAL & OPERATIONAL HIGHLIGHTS FINANCIAL RESULTS Revenue Revenue for Q1 2026 was $302,470, an increase of $149,789, or approximately 98%, compared to $152,681 for Q1 2025. This growth was driven by an increase in recurring SaaS subscription revenue, promotional subscription revenue, CODE revenue, and enterprise referral platform revenue, including non-cash consideration measured at fair value in accordance with IFRS 15. On a trailing eight-quarter basis, Q1 2026 revenue of $302,470 is the Company's second-highest quarter on record, exceeded only by Q3 2025 ($346,382), and represents a 32% sequential increase over Q4 2025 ($229,131). The revenue trajectory reflects the compounding effect of new enterprise agreements and the Company's expanding recurring revenue base. Net Income and Path to Profitability The Company recorded net income of $8,627 for Q1 2026, compared to a net loss of $(69,045) in Q1 2025—a swing of $77,672. This marks the second consecutive profitable quarter (Q4 2025: $33,323 net income), demonstrating a sustained and meaningful inflection in operating performance. The improvement was primarily driven by the revenue increase of $149,789 and a $54,526 reduction in stock-based compensation, partially offset by a $108,237 increase in research and development investment to support platform expansion and new product initiatives. Cash Flow and Liquidity The Company generated positive operating cash flow of $6,593 for Q1 2026. The cash balance grew to $63,373 at quarter-end from $42,527 at December 31, 2025, an increase of $20,846, supported by collections of accounts receivable and continued revenue growth. Amounts...

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