EarningsQ2 2026 Earnings Report
DE:87M Q2 2026 EPS Results
Actual EPS-€0.26
Consensus EPS€0.06
Beat/MissMissed by -€0.31
One Year Ago EPS€0.09
DE:87M Q2 2026 Revenue Results
Actual Revenue€600.65M
Expected Revenue€559.41M
Beat/MissBeat by +€41.24M
YoY Revenue Growth+29.56%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
DE:87M Upcoming Earnings
Real Brokerage's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:87M Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive operational and financial trajectory: strong top-line growth (30% revenue increase), record transaction volume and agent growth, meaningful adjusted EBITDA expansion (38%), and a strengthened cash position. Management also highlighted technology momentum (HeyLeo 2.0), ancillary business acceleration, and anticipated $30M of post-close synergies from the RE/MAX transaction. Offsetting items include an operating loss driven by $11.6M of acquisition-related costs, mix-driven gross margin pressure, near-term seasonal declines (Q3), and localized weakness in Canada. On balance the results emphasize durable growth, improving core profitability, and strategic upside from the RE/MAX deal, while acknowledging short-term margin and seasonal headwinds.Company Guidance
Strong Revenue Growth
Revenue increased 30% year-over-year to $700.6 million in Q2 2026, driven by higher closed transactions and improved per-transaction revenue.
Record Transactions and Agent Growth
Closed transactions rose 27% year-over-year to a record 62,380 sides. Agent count reached ~35,350 (up 26% YoY) and has already exceeded 36,000 entering the second half of 2026.
Improved Adjusted EBITDA and Gross Profit Growth
Adjusted EBITDA grew 38% year-over-year to $27.6 million, with adjusted EBITDA margin expanding to 3.9% from 3.7%. Gross profit rose 22% to $58.3 million.
Record Cash Position and Balance Sheet Strength
Unrestricted cash and short-term investments ended the quarter at a record $86.6 million, up from $49.9 million at the start of the year (material increase in liquidity).
Ancillary Business Momentum
Ancillary revenue (Real Wallet, One Real Title, One Real Mortgage) grew 28% YoY to $4.2 million; wallet revenue grew 140%, title grew 29%, and mortgage grew 10%.
Technology Progress — HeyLeo 2.0 Beta and MLS Coverage
HeyLeo 2.0 beta launched with direct CRM integrations; early feedback from ~200 high-performing agents was very positive. MLS coverage now ~90% of U.S. transactions and all of Canada.
RE/MAX Transaction and Expected Synergies
Pending RE/MAX transaction expected to close H2 2026 (subject to approvals). Management expects approximately $30 million of cost synergies within 3 years and cites pro forma 2025 combined adjusted EBITDA of ~$160 million (rising to ~$190 million when adding the $30M synergies).
Market Share Gains and Organic Resilience
Management highlighted consistent market-share gains and organic growth despite a challenging housing market (operating strategy not dependent on a housing boom).
DE:87M Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed