The Real Brokerage, Inc. REAX

Competitive advantage analysis · real-estate

Corporate Default
Overall moat score
45/100
Developing

About The Real Brokerage, Inc.

The Real Brokerage Inc., together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It offers brokerage, title, mortgage broker, and wallet services. The company was founded in 2014 and is based in Miami, Florida. Full REAX analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.70), demonstrating pricing resilience across cycles.
  • Operating Leverage in Effect Operating leverage is evident (score 0.77), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 22.4th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.25), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
40

Where REAX ranks in Real Estate Services

The Real Brokerage, Inc. ranks #30 of 51 scored companies in Real Estate Services by moat score — the top 59%. The widest moat in the group is New England Realty Associates L (NEN) at 79/100.

Moat scores for companies ranked near REAX in Real Estate Services
# Company Moat score Rating
26 American Strategic Investment C NYC 47/100 Developing
27 Transcontinental Realty Investo TCI 47/100 Developing
28 Compass, Inc. COMP 46/100 Developing
29 Opendoor Technologies Inc OPEN 46/100 Developing
30 The Real Brokerage, Inc. REAX 45/100 Developing
31 American Realty Investors, Inc. ARL 44/100 Developing
32 Altisource Portfolio Solutions ASPS 44/100 Developing
33 Offerpad Solutions Inc. OPAD 42/100 Developing
34 Fathom Holdings Inc. FTHM 40/100 Developing

See every General Corporate company ranked by moat score →

How REAX scores on the Corporate Default defenses

Pricing Power

Score 40 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 74 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 41 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 25 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 42 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 54 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding REAX's moat

What is The Real Brokerage, Inc.'s moat score?

The Real Brokerage, Inc. (REAX) scores 45 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #30 of 51 scored companies in Real Estate Services, the top 59%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 51 companies in Real Estate Services. Its strongest defense is Cost Advantage (74/100) and its weakest is Capital Efficiency (25/100).

How does The Real Brokerage, Inc. compare with other Real Estate Services companies?

The Real Brokerage, Inc. ranks #30 of 51 scored companies in Real Estate Services by moat score. The widest moat in Real Estate Services is New England Realty Associates L (NEN) at 79/100. The companies ranked closest are Opendoor Technologies Inc (OPEN) at 46 just above it and American Realty Investors, Inc. (ARL) at 44 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 51 companies in Real Estate Services. The defenses are then weighted to produce the overall score out of 100.

Why is The Real Brokerage, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for The Real Brokerage, Inc.?

The Corporate Default template measures 6 defenses, and REAX scores: Pricing Power (40), Cost Advantage (74), Customer Stickiness (41), Capital Efficiency (25), Resilience (42), Scale & Market Position (54). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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