The Real Brokerage Inc. REAX NASDAQ

The Real Brokerage Inc. (REAX) generated $65.93M in operating cash flow for fiscal year 2025. After capital expenditures of $1.1M, free cash flow was $64.83M.

Free cash flow margin was 3.3% of revenue. Cash conversion ratio was -8.13x, suggesting some earnings are non-cash.

The company returned $39.36M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (29/100, Fail) — limited free cash flow weakens the competitive position
• INCOME (10/100) — Cash conversion ratio was -8.13x suggests some earnings are non-cash items

Overall SharesGrow Score: 51/100 with 3/7 criteria passed.