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Home CompaniesReal Matters Inc

Real Matters Inc

Real Estate Real Estate Services
PortfolioPortfolio WatchlistWatchlist
Company price
3.15 CAD 0.09 ( 2.94%)
Last update at 2026-11-03T20:51:00Z
VOLUME
491848
Market Cap
432.35M

Momentum Score

…

Real Matters Inc. provides residential real estate appraisal and title services in Canada and the United States. It operates in three segments: U.S. Appraisal, U.S. Title, and Canada. The company offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand. It also provides services required to close a mortgage transaction, including title search, curative, closing and escrow services, and title policy issuance; and hosted software solutions through subscription to other title insurance agencies and mortgage lenders. The company was formerly known as Solidifi Inc. and changed its name to Real Matters Inc. in July 2010. Real Matters Inc. was incorporated in 2004 and is headquartered in Markham, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
3.00
Low
3.15
High
52 Week Price Range
5.01
Low
8.00
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Real Matters Inc operates a technology-enabled network that connects lenders, insurers and real estate firms with property valuation, appraisal and title services across North America. Long-term growth may be driven by increased digitalization of mortgage processes, demand for outsourced valuation and title workflows, and expansion into adjacent services, which could support recurring revenue and scale benefits that investors may find attractive.

Key risks include sensitivity to mortgage origination volumes and housing market cycles, reliance on a concentrated customer base and network quality, regulatory or legal changes affecting valuation or title processes, and execution risk from technology integration and acquisitions.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
3.06
Dividend Yield
-
Revenue TTM
175.30M
Revenue Per Share
2.36
Gross Profit TTM
46.77M
Debt / Equity
0.02
ROE
-28.28%
Net Debt
-38.46M
ROCE
-4.96%
Diluted EPS TTM
-0.53

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Income before tax -5.02M -0.80M -9.14M -12.35M 46.12M
Minority interest - 0.00M 0.02M -0.01M -0.09M
Net income -22.66M 0.02M -6.17M -9.27M 32.99M
Selling general administrative 40.70M 38.73M 2.59M 2.71M 3.03M
Selling and marketing expenses 0.69M 0.77M - 0.71M 0.48M
Gross profit 44.66M 46.36M 7.97M 22.66M 78.50M
Reconciled depreciation 2.99M 3.16M 3.88M 4.53M 5.04M
Ebit -4.71M -0.45M - 1.38M 51.86M
Ebitda -1.72M 2.70M - 5.91M 56.91M
Depreciation and amortization 2.99M 3.16M - 4.53M 5.04M
Operating income -7.93M -4.06M -7.61M 1.38M 51.86M
Other operating expenses 177.68M 176.78M - 338.33M 452.36M
Interest expense 0.31M 0.35M 0.21M 0.26M 0.39M
Tax provision 17.64M -0.82M -2.95M -3.08M 13.04M
Interest income 3.42M 1.78M 0.82M 5.85M 5.55M
Net interest income 1.41M 1.43M 0.62M -0.13M -0.28M
Income tax expense 17.64M -0.82M - -3.08M 13.04M
Total revenue 169.75M 172.72M 163.91M 339.64M 504.11M
Total operating expenses 52.59M 50.42M 171.53M 21.35M 26.75M
Cost of revenue 125.09M 126.36M 155.94M 316.98M 425.61M
Total other income expense net 2.91M 3.26M -2.15M -13.73M -5.75M
Net income from continuing ops -22.66M 0.02M -6.20M -9.27M 33.08M
Net income applicable to common shares -22.66M 0.02M - -9.27M 32.99M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Total assets 111.56M 134.28M 128.74M 137.00M 194.34M
Intangible assets 1.88M 2.85M 4.00M 4.99M 6.23M
Other current assets 3.72M 3.11M - 2.63M 1.14M
Total liab 20.70M 18.58M 17.16M 22.00M 34.79M
Total stockholder equity 90.87M 115.70M 111.58M 114.89M 159.44M
Other current liab 5.35M 3.05M - 4.27M 4.29M
Common stock 233.51M 232.55M - 227.28M 246.38M
Capital stock 233.51M 232.55M 228.45M 227.28M 246.38M
Retained earnings -143.44M -120.93M -120.95M -114.78M -94.19M
Other liab - - - - 0.65M
Good will 43.18M 43.18M 43.18M 43.18M 60.48M
Other assets 2.58M - - 12.13M 7.46M
Cash 40.19M 49.14M 42.34M 46.14M 60.21M
Cash and equivalents 37.93M - - 23.82M 24.37M
Total current liabilities 16.62M 14.34M 14.22M 17.69M 27.81M
Net debt -38.46M -46.32M - -40.28M -52.17M
Short term debt 0.80M 1.08M - 1.55M 1.72M
Short long term debt total 1.73M 2.82M - 5.86M 8.04M
Other stockholder equity 13.65M 13.62M - 13.34M 12.21M
Property plant equipment 1.97M - - 6.96M 11.09M
Total current assets 61.96M 65.67M 61.32M 69.73M 109.09M
Net tangible assets - - - 66.72M 92.74M
Short term investments 0.06M - - 0.56M -
Net receivables 18.05M 13.42M 14.19M 20.96M 46.29M
Accounts payable 10.47M 10.21M 9.35M 11.87M 21.80M
Accumulated other comprehensive income -12.85M -9.53M - -10.95M -4.96M
Non currrent assets other 0.57M 2.90M 0.81M - -
Non current assets total 49.61M 68.61M 67.42M 67.27M 85.25M
Capital lease obligations 1.73M 2.82M 4.10M 5.86M 8.04M
Long term debt total 0.93M - - 4.31M 6.33M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Investments -0.69M -0.17M -0.80M -1.08M -2.88M
Change to liabilities - - - -9.83M 0.64M
Total cashflows from investing activities -0.69M -0.17M - -1.08M -2.88M
Net borrowings -1.08M -1.68M - -1.45M 0.10M
Total cash from financing activities -0.48M 1.42M -0.45M -30.42M -94.05M
Change to operating activities - - - -0.07M -1.72M
Net income -22.66M 0.02M -6.17M -9.27M 33.08M
Change in cash -8.95M 6.80M -3.80M -14.07M -68.94M
Begin period cash flow 49.14M 42.34M 46.14M 60.21M 129.16M
End period cash flow 40.19M 49.14M 42.34M 46.14M 60.21M
Total cash from operating activities -7.18M 5.45M -2.56M 17.57M 25.02M
Depreciation 2.99M 3.16M 3.88M 4.53M 5.04M
Other cashflows from investing activities -0.52M 0.09M - -0.19M -1.65M
Change to account receivables -4.88M 1.35M - 26.75M -15.36M
Sale purchase of stock -0.04M 3.10M -0.01M -28.74M -97.80M
Other cashflows from financing activities 0.65M 3.10M - 0.05M 5.29M
Change to netincome - - - 5.46M 3.42M
Capital expenditures 1.03M 0.78M 1.03M 1.18M 3.02M
Change in working capital -4.32M 2.45M 0.64M 16.85M -16.44M
Stock based compensation 1.78M 2.75M 1.38M 1.53M 2.41M
Other non cash items -2.61M -2.11M 0.28M 7.00M -12.11M
Free cash flow -8.21M 4.67M -3.59M 16.39M 22.00M

Peer Comparison*

Sector: Real Estate Industry: Real Estate Services

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
REAL
Real Matters Inc		 0.09
2.94%		 3.15 - 70.92 2.47 3.56 1.58 93.53
FSV
FirstService Corp		 -2.12
1.00%		 210.19 46.12 24.15 1.68 4.96 1.47 15.41
CIGI
Colliers International Group Inc Bats		 -0.87
0.60%		 145.26 56.74 15.15 1.45 3.84 1.43 12.33
BPO-PA
Brookfield Office Properties Inc Pref A		 -0.10
0.44%		 22.80 2.21 - 1.84 - - -
BPO-PP
Brookfield Offi Pro Cl Aaa P Prf		 -0.04
0.18%		 21.91 1.98 - 1.65 - - -

Profile*

Real Matters Inc

Real Matters Inc. provides residential real estate appraisal and title services in Canada and the United States. It operates in three segments: U.S. Appraisal, U.S. Title, and Canada. The company offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand. It also provides services required to close a mortgage transaction, including title search, curative, closing and escrow services, and title policy issuance; and hosted software solutions through subscription to other title insurance agencies and mortgage lenders. The company was formerly known as Solidifi Inc. and changed its name to Real Matters Inc. in July 2010. Real Matters Inc. was incorporated in 2004 and is headquartered in Markham, Canada.

50 Minthorn Boulevard, Markham, ON, Canada, L3T 7X8

877-739-2212

https://www.realmatters.com

Name Title Year Born
Mr. Jason Smith Founder & Exec. Chairman 1975
Mr. Brian Lang CEO & Director 1969
Mr. William P. M. Herman Exec. VP & CFO NA
Mr. Loren Cooke Exec. VP & Pres of Solidifi U.S. Inc. NA
Mr. Ryan Smith Exec. VP & CTO NA
Ms. Lyne Beauregard Fisher VP of Investor Relations & Corp. Communications NA
Mr. Jay Greenspoon Gen. Counsel & Corp. Sec. NA
Ms. Kim Montgomery Exec. VP NA
Ms. Colleen McCafferty Chief Compliance Officer of Solidifi U.S. NA
Mr. Jason Smith Founder & Chairman 1975

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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