Real attributes 4,062% revenue growth over
three-year period to operational efficiencies derived from its
technology platform and entrepreneurial model, which continue to
attract agents at a record pace
The Real Brokerage Inc. (NASDAQ: REAX), a technology platform
reshaping real estate for agents, home buyers and sellers, today
announced it ranked No. 38 on the Deloitte Technology Fast 500™, a
ranking of the 500 fastest-growing technology, media,
telecommunications, life sciences, fintech and energy tech
companies in North America, now in its 30th year. Technology Fast
500 award winners are selected based on percentage fiscal year
revenue growth from 2020 to 2023. Real had revenue growth of 4,062%
over the three year period ended December 31, 2023.
“This award is yet another sign that the industry is ready for a
technology-first brokerage platform that boosts agent productivity
through automation,” said Tamir Poleg, Chairman and CEO of Real.
“It’s a straightforward concept, but it requires widespread
adoption to succeed—making our proprietary tech stack a vital
component of our growth. Looking ahead, we’re committed to
leveraging artificial intelligence to elevate agent productivity
and deliver a seamless, intuitive experience for both agents and
their clients.”
Overall, 2024 Technology Fast 500 companies achieved revenue
growth ranging from 201% to 153,625% over the three-year time
frame, with an average growth rate of 1,981% and median growth rate
of 460%.
Real has maintained rapid growth in its sector and credits its
success to operational efficiencies enabled by its advanced
technology platform and entrepreneurial model, which continues to
attract agents at a record pace.
About the 2024 Deloitte Technology Fast 500
Now in its 30th year, the Deloitte Technology Fast 500 provides
a ranking of the fastest-growing technology, media,
telecommunications, life sciences, fintech, and energy tech
companies — both public and private — in North America. Technology
Fast 500 award winners are selected based on percentage fiscal year
revenue growth from 2020 to 2023.
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company’s operating revenues. Companies must have base-year
operating revenues of at least US$50,000, and current-year
operating revenues of at least US$5 million. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North America.
About Real
Real (NASDAQ: REAX) is a real estate experience company working
to make life’s most complex transaction simple. The fast-growing
company combines essential real estate, mortgage and closing
services with powerful technology to deliver a single seamless
end-to-end consumer experience, guided by trusted agents. With a
presence throughout the U.S. and Canada, Real supports more than
22,000 agents who use its digital brokerage platform and tight-knit
professional community to power their own forward-thinking
businesses.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and
advisory services to many of the world’s most admired brands,
including nearly 90% of the Fortune 500® and more than 8,500
U.S.-based private companies. At Deloitte, we strive to live our
purpose of making an impact that matters by creating trust and
confidence in a more equitable society. We leverage our unique
blend of business acumen, command of technology, and strategic
technology alliances to advise our clients across industries as
they build their future. Deloitte is proud to be part of the
largest global professional services network serving our clients in
the markets that are most important to them. Bringing more than 175
years of service, our network of member firms spans more than 150
countries and territories. Learn how Deloitte’s approximately
460,000 people worldwide connect for impact at
www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu
Limited, a UK private company limited by guarantee (“DTTL”), its
network of member firms, and their related entities. DTTL and each
of its member firms are legally separate and independent entities.
DTTL (also referred to as “Deloitte Global”) does not provide
services to clients. In the United States, Deloitte refers to one
or more of the US member firms of DTTL, their related entities that
operate using the “Deloitte” name in the United States and their
respective affiliates. Certain services may not be available to
attest clients under the rules and regulations of public
accounting. Please see www.deloitte.com/about to learn more about
our global network of member firms.
Forward-Looking Information
This press release contains forward-looking information within
the meaning of applicable Canadian securities laws. Forward-looking
information is often, but not always, identified by the use of
words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”,
“expect”, “likely” and “intend” and statements that an event or
result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions. These statements reflect
management’s current beliefs and are based on information currently
available to management as of the date hereof. Forward-looking
information in this press release includes, without limiting the
foregoing, expectations regarding Real’s ability to continue to
attract agents and grow revenue.
Forward-looking information is based on assumptions that may
prove to be incorrect, including but not limited to Real’s business
objectives, expected growth, results of operations, performance,
business projects and opportunities and financial results. Real
considers these assumptions to be reasonable in the circumstances.
However, forward-looking information is subject to known and
unknown risks, uncertainties and other factors that could cause
actual results, performance or achievements to differ materially
from those expressed or implied in the forward-looking information.
Important factors that could cause such differences include, but
are not limited to, slowdowns in real estate markets, economic and
industry downturns, Real’s ability to attract new agents and retain
current agents and those risk factors discussed under the heading
“Risk Factors'' in the Company’s Annual Information Form dated
March 14, 2024, a copy of which is available under the Company’s
SEDAR+ profile at www.sedarplus.ca. These factors should be
carefully considered and readers should not place undue reliance on
the forward-looking statements. Although the forward-looking
statements contained in this press release are based upon what
management believes to be reasonable assumptions, Real cannot
assure readers that actual results will be consistent with these
forward-looking statements. These forward-looking statements are
made as of the date of this press release, and Real assumes no
obligation to update or revise them to reflect new events or
circumstances, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241121732418/en/
Investor inquiries, please contact: Ravi Jani Vice President,
Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com 908.280.2515 For media inquiries,
please contact: Elisabeth Warrick Senior Director, Marketing,
Communications & Brand elisabeth@therealbrokerage.com
201.564.4221
Real Brokerage (NASDAQ:REAX)
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