EarningsQ3 2026 Earnings Report
MX:REALN Q3 2026 EPS Results
Actual EPS$0.18
Consensus EPS$0.28
Beat/MissMissed by -$0.09
One Year Ago EPS-$0.18
MX:REALN Q3 2026 Revenue Results
Actual Revenue$919.94M
Expected Revenue$272.47M
Beat/MissBeat by +$647.47M
YoY Revenue Growth+13.23%
Earnings Announcement Details
QuarterQ3 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:REALN Upcoming Earnings
Real Matters Inc's next earnings date is estimated for November 19, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a positive operational and financial trajectory: double-digit revenue growth, a more-than-doubled consolidated adjusted EBITDA, record client onboarding (25 YTD), strong U.S. Title and Appraisal momentum, first-mover advantage on the new appraisal form, and a debt-free balance sheet with $40M cash. Near-term challenges include an ongoing adjusted EBITDA loss in U.S. Title, margin pressure in appraisal, higher operating expenses (including planned AI/tech investments that may raise corporate OpEx 10%–20% in the near term), a modest revenue decline in Canada, and continued market volatility. Overall, the substantive growth, improving leverage and strong client wins outweigh the near-term costs and market-driven variability.Company Guidance
Consolidated Revenue Growth
Consolidated revenues increased 13% year-over-year to $51.5 million and consolidated net revenue increased 15% to $13.7 million for Q3 FY2026.
Improved Profitability — Adjusted EBITDA
Consolidated adjusted EBITDA more than doubled year-over-year to $0.7 million (up 117%), marking the fifth consecutive quarter of positive EBITDA and demonstrating operating leverage as volumes scale.
Strong U.S. Appraisal Performance
U.S. Appraisal revenues rose 14% YoY to $37.3 million; net revenue was $9.2 million (up 7% YoY). Segment adjusted EBITDA was $4.2 million (up 1% YoY) with adjusted EBITDA margins of 45%. Home equity revenues grew 18% and accounted for 26% of segment revenues; 'other' revenues increased 153% YoY.
Rapid U.S. Title Revenue Expansion
U.S. Title revenues grew 70% YoY to $4.7 million, driven by a 127% increase in refinance origination revenues and a 56% increase in home equity revenues. Net revenue rose 83% YoY to $2.7 million and net revenue margin expanded by 430 basis points to 56.9%.
Material Volume and Client Momentum in U.S. Title
Year-to-date U.S. title origination volumes increased 170% YoY (driven by 11 new clients); refinancing origination volumes in the segment increased 138% YoY. The company launched 10 new clients in Q3 and 25 YTD — the highest YTD launches since going public.
Balance Sheet Strength
Real Matters ended the quarter with no debt and $40 million in cash as of June 30, 2026, providing capital flexibility while investing for growth.
First-Mover Position on New Appraisal Form (UAD 3.6)
Company is live with UAD 3.6 for major Tier 1 customers and appraiser network is largely UAD compliant, creating a potential competitive advantage ahead of the industry-wide migration deadline in November.
Healthy Pipeline and Available Capacity
Management reports a strong sales pipeline, ability to cross-sell appraisal to title, and indicates some available capacity across both Appraisal and Title segments (though capacity has fluctuated with market conditions).
MX:REALN 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