Real Brokerage appoints Ravi Jani as new CFO

TORONTO & NEW YORK - The Real Brokerage Inc. (NASDAQ: REAX), an emerging real estate technology company, has announced the immediate appointment of Ravi Jani as its new Chief Financial Officer. Jani, who was previously serving as the Vice President of Investor Relations and Financial Planning & Analysis, takes over the role from Michelle Ressler.

Jani’s promotion comes after a notable tenure at Real, where he joined in September 2023. Since his arrival, the company has seen its agent network more than double, now boasting over 27,000 agents. His contributions have been significant in the company’s financial strategy and investor relations, especially during a period of rapid growth, with revenue increasing by 83.5% over the last twelve months. According to InvestingPro, analysts expect this strong momentum to continue with projected sales growth of 38% for fiscal year 2025.

With over 15 years of experience in finance and real estate, Jani’s resume includes positions at Blade Air Mobility, Inc., Citadel LLC, Anchor Bolt Capital LP, and investment banking roles at Bank of America and Moelis & Company. His strategic finance expertise and investor perspective have been recognized with a 2025 HousingWire Rising Star award, signaling his influence in transforming the housing industry.

Tamir Poleg, Chairman and CEO of Real, has expressed confidence in Jani’s abilities to lead the company’s financial direction, emphasizing his impact on the organization and his role in driving future growth and value creation.

Jani’s responsibilities have also extended to corporate strategy and the development of new products like Real Wallet, a financial platform for agents. He has also initiated a monthly agent sentiment survey, which has become a key industry resource.

The previous CFO, Michelle Ressler, was terminated from her role due to alleged violations of company policies, but the company has stated that these actions have not materially impacted its financial statements.

Real, known for its digital brokerage platform and professional community for agents, operates across the U.S. and Canada. The company has positioned itself as a leader in simplifying real estate transactions through technology and services, including mortgage and closing services. InvestingPro analysis indicates the company maintains strong financial health with a current ratio of 1.34, suggesting solid liquidity to support its operations. Additional insights about Real’s financial position and growth prospects are available in InvestingPro’s comprehensive research report, one of 1,400+ detailed company analyses.

This leadership change is a strategic move as Real navigates its next phase of growth, with Jani at the financial helm ready to focus on execution, margin expansion, and capital allocation to create long-term shareholder value. With the company’s next earnings report scheduled for May 8, 2025, investors can access detailed financial analysis and Fair Value estimates through InvestingPro, which currently shows multiple promising indicators for the company’s future performance.

The information in this article is based on a press release statement from The Real Brokerage Inc.

In other recent news, Real Brokerage Inc. reported its fourth-quarter 2024 earnings, showcasing a significant revenue increase and a narrower-than-expected loss per share. The company’s earnings per share (EPS) were reported at -$0.03, surpassing the forecast of -$0.05, while revenue reached $351 million, exceeding the anticipated $295.91 million. This marks a 93% year-over-year revenue surge, with a full-year revenue increase of 84% to $1.3 billion. The company’s gross profit also rose by 82% to $114.7 million, and adjusted EBITDA increased by 188% to $40 million from the previous year.

Additionally, Real Brokerage announced a leadership change, with Sharran Srivatsaa set to join the Board of Directors, transitioning from his role as President. This move is intended to support the company’s growth and innovation strategies. The firm continues to expand its agent base and fintech offerings, with a focus on scaling its mortgage and title services. The company has also been investing in compliance, data science, and agent experience to enhance its competitive edge.

Looking ahead, Real Brokerage anticipates further growth in revenue and adjusted EBITDA, although the first quarter of 2025 is expected to be the lowest in terms of these metrics. Analyst firms have not provided any upgrades or downgrades at this time. These developments reflect Real Brokerage’s ongoing commitment to enhancing its market position and delivering value to its stakeholders.

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