RMAX

Total First Quarter Revenue of $70.2 Million, Adjusted EBITDA of $15.6 Million DENVER, May 8, 2026 /PRNewswire/ -- First Quarter 2026 Highlights (Compared to first quarter 2025 unless otherwise noted) Total Revenue decreased 5.7% to $70.2 million Revenue excluding the Marketing Funds1 decreased 4.0% to $53.4 million, driven by a negative organic revenue growth2 of 4.7% partially offset by growth from foreign currency movements of 0.7% Net income (loss) attributable to RE/MAX Holdings, Inc. of ($9.7) million and income per diluted share (GAAP EPS) of (0.48) Adjusted EBITDA3 decreased 19.3% to $15.6 million, Adjusted EBITDA margin3 of 22.2% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.16 Total agent count increased 2.1% to 149,192 agents U.S. and Canada combined agent count decreased 2.3% to 73,292 agents Transaction with The Real Brokerage Inc. On April 26, 2026, RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX) entered into a definitive Arrangement Agreement and Plan of Merger (the "Merger Agreement") with The Real Brokerage Inc. ("Real"), under which Real will acquire RE/MAX Holdings to create a leading technology-enabled global real estate platform named Real REMAX Group (the "Merger"). Under the terms of the Merger Agreement, RE/MAX Holdings shareholders will have the right to elect to receive 5.154 shares of Real REMAX Group or $13.80 in cash for each RE/MAX Holdings share, subject to proration such that the aggregate cash proceeds to RE/MAX Holdings shareholders in the transaction will be no less than $60 million and no greater than $80 million. Real shareholders will receive 1 share of Real REMAX Group for each Real share.5 The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including stockholder approvals and regulatory approvals. In light of the proposed merger, the Company is not hosting a quarterly earnings call and does not expect to do so for future quarters. In addition, the Company does not intend to provide quarterly or annual guidance while the transaction is pending. For additional information regarding the Merger, see the Company's Current Report on Form 8-K filed with the SEC on April 28, 2026. First Quarter 2026 Operating Results Agent Count The following table compares agent count as of March 31, 2026 and 2025: Revenue RE/MAX Holdings generated r...

RE/MAX (RMAX) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.88%. A quarter ago, it was expected that this franchisor of residential real estate brokerages would post earnings of $0.28 per share when it actually produced earnings of $0.3, delivering a surprise of +7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. RE/MAX, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $70.23 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.73%. This compares to year-ago revenues of $74.47 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. RE/MAX shares have added about 45.7% since the beginning of the year versus the S&P 500's gain of 7.2%. While RE/MAX has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for RE/MAX was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank...

DENVER (AP) — DENVER (AP) — RE/MAX Holdings Inc. (RMAX) on Friday reported a loss of $9.7 million in its first quarter. The Denver-based company said it had a loss of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share. The franchisor of residential real estate brokerages posted revenue of $70.2 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMAX at https://www.zacks.com/ap/RMAX

As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the consumer discretionary - real estate services industry, including RE/MAX (NYSE:RMAX) and its peers. The Consumer Discretionary sector, by definition, is made up of companies selling non-essential goods and services. When economic conditions deteriorate or tastes shift, consumers can easily cut back or eliminate these purchases. For long-term investors with five-year holding periods, this creates a structural challenge: the sector is inherently hit-driven, with low switching costs and fickle customers. As a result, only a handful of companies can reliably grow demand and compound earnings over long periods, which is why our bar is high and High Quality ratings are rare. Real estate services companies provide brokerage, property management, appraisal, and advisory services, earning transaction-based commissions and recurring management fees. Tailwinds include long-term housing demand driven by demographic growth, technology platforms that expand market access, and commercial real estate complexity that sustains advisory needs. Headwinds are pronounced: rising interest rates directly suppress transaction volumes by reducing housing affordability and commercial deal activity. Commission-rate compression, driven by discount brokerages and regulatory changes, erodes per-transaction revenue. The industry is highly cyclical, with revenue swings amplified by leverage. PropTech (property technology) disruptors threaten traditional intermediary models. The 14 consumer discretionary - real estate services stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 4% while next quarter’s revenue guidance was 2.2% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Short for Real Estate Maximums, RE/MAX (NYSE:RMAX) operates a real estate franchise network spanning over 100 countries and territories. RE/MAX reported revenues of $71.14 million, down 1.8% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with EBITDA guidance for next quarter missing analysts’ expectations and a miss of analysts’ adjusted operating income estimates. "Our strategy is working and is begin...

CBRE Group (CBRE) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +42.16%. A quarter ago, it was expected that this provider of real estate investment management services would post earnings of $2.66 per share when it actually produced earnings of $2.73, delivering a surprise of +2.63%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CBRE, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $10.53 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.97%. This compares to year-ago revenues of $8.91 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CBRE shares have lost about 4.5% since the beginning of the year versus the S&P 500's gain of 4.3%. While CBRE has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CBRE was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1...

RE/MAX closed 2025 with a record global agent count of more than 148,500 and entered 2026 with its largest-ever brokerage conversion — a Toronto 17-office group that brought nearly 1,200 agents — indicating strong recruitment and early high retention. New monetization and product initiatives are gaining traction, including the six-month-old Marketing as a Service (promoted listings driving 3x–6x higher engagement), redesigned remax.com/remax.ca with AI listing-video/photo tools, and the RE/MAX Media Network which is pacing ahead of ad-revenue forecasts. Q4 results: revenue of $71.1M, Adjusted EBITDA of $22.4M and adjusted EPS of $0.30; management guides 2026 revenue of $285M–$305M and Adjusted EBITDA of $90M–$100M, while lowering leverage to 3.12x and keeping debt below 3.5x to fund growth and potential capital-return flexibility. Interested in RE/MAX Holdings, Inc.? Here are five stocks we like better. Home Sales Are Rising, But Who Stands to Benefit the Most? RE/MAX (NYSE:RMAX) executives said the company entered 2026 with “strong momentum” after closing out 2025 with operating results that landed at the high end of management’s expectations, even as the housing market remained sluggish for a third consecutive year. On the company’s fourth-quarter 2025 earnings call, CEO Erik Carlson highlighted record agent-count milestones across the global network and pointed to an early-2026 brokerage conversion in Canada as evidence that RE/MAX’s updated value proposition is resonating with brokers and agents. → Gold and Silver Pulled Back—Here’s Why the Bull Case Is Intact Why Zillow Group Could Soar with the Upcoming Interest Rate Cuts Carlson said worldwide agent count reached an all-time high of more than 148,500 as of Dec. 31, with agent growth outside the U.S. and Canada driving the gains. He noted that the agent base outside those two markets now exceeds 75,000. The company also began 2026 with what Carlson described as the largest brokerage conversion in RE/MAX history: a Toronto-based, 17-office operation led by Vivian Risi and her children, Michelle and Justin, which brought nearly 1,200 agents into RE/MAX Canada. Carlson said the group selected RE/MAX for a combination of factors including the company’s global footprint, referral network, and marketing and technology platforms. He added that RE/MAX is seeing “very high retention rates” among those agents ea...

This article first appeared on GuruFocus. Total Revenue: $71.1 million for Q4 2025. Adjusted EBITDA: $22.4 million for Q4 2025. Adjusted EBITDA Margin: 31.5% for Q4 2025. Adjusted Diluted EPS: $0.30 for Q4 2025. Revenue Excluding Marketing Funds: $53.6 million, a decrease of 0.4% year-over-year. Selling, Operating, and Administrative Expenses: Increased by $1.6 million or 4.4% to $37.3 million. Total Leverage Ratio: Decreased to 3.12 times as of December 31, 2025. Agent Count: Over 148,500 agents worldwide as of December 31, 2025. Guidance for Q1 2026 Revenue: Expected to be in the range of $69 million to $74 million. Guidance for Full-Year 2026 Revenue: Expected to be in the range of $285 million to $305 million. Guidance for Full-Year 2026 Adjusted EBITDA: Expected to be in the range of $90 million to $100 million. Warning! GuruFocus has detected 3 Warning Signs with RMAX. Is RMAX fairly valued? Test your thesis with our free DCF calculator. Release Date: February 20, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. RE/MAX Holdings Inc (NYSE:RMAX) achieved a record-high worldwide agent count of over 148,500, with significant growth outside the US and Canada. The company successfully executed the largest brokerage conversion in its history, adding nearly 1,200 agents in Canada. RE/MAX Holdings Inc (NYSE:RMAX) reported strong fourth-quarter profit and margin performance, meeting the high end of expectations. The company's new economic models, Aspire, Ascend, and Appreciate, are gaining traction, with Aspire already adopted by over 2,000 agents. The Marketing-as-a-Service platform is delivering significant engagement, with listings promoted through the platform receiving 3 times more views and 5 times more actions. The US agent count declined, impacting organic revenue, which decreased by 0.4% compared to the same period last year. The housing market remains challenging, with 2025 being the third consecutive year of a historically slow market. Selling, operating, and administrative expenses increased by 4.4% due to losses on asset sales and other event-related expenses. The company terminated several franchisees in the Motto network to maintain quality standards, reflecting challenges in the mortgage business. Despite improvements, the US agent count stabilization is still a work in progress, with the m...

Total Fourth Quarter Revenue of $71.1 Million, Adjusted EBITDA of $22.4 Million DENVER, Feb. 19, 2026 /PRNewswire/ -- Fourth Quarter 2025 Highlights (Compared to fourth quarter 2024 unless otherwise noted) Total Revenue decreased 1.8% to $71.1 million Revenue excluding the Marketing Funds1 decreased 0.4% to $53.6 million, driven by a negative 0.4% organic revenue growth2 and flat foreign currency movements Net income attributable to RE/MAX Holdings, Inc. of $1.4 million and income per diluted share (GAAP EPS) of $0.07 Adjusted EBITDA3 decreased 4.0% to $22.4 million, Adjusted EBITDA margin3 of 31.5% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.30 Total agent count increased 1.4% to 148,660 agents U.S. and Canada combined agent count decreased 4.6% to 72,977 agents Full-Year 2025 Highlights (Compared to full year 2024 unless otherwise noted) Total Revenue decreased 5.2% to $291.6 million Revenue excluding the Marketing Funds1 decreased 4.3% to $218.8 million, driven by negative 3.9% organic growth2 and adverse foreign currency movements of 0.4% Net income attributable to RE/MAX Holdings, Inc. of $8.2 million and earnings per diluted share (GAAP EPS) of $0.40 Adjusted EBITDA3 decreased 4.1% to $93.7 million, Adjusted EBITDA margin3 of 32.1% and Adjusted earnings per diluted share (Adjusted EPS3) of $1.30 RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX), parent company of REMAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage ("Motto"), the first and only national mortgage brokerage franchise brand in the U.S., today announced operating results for the quarter and year ended December 31, 2025. "Our strategy is working and is beginning to yield results even though 2025 marked the third consecutive year of a historically tough housing market in the United States and Canada. We exited 2025 with strong momentum across both of our networks, driven by record global agent count growth, our best fourth quarter U.S. agent performance since 2021, and a renewed excitement for the REMAX brand given enhancements to our overall value proposition. In January we also saw the largest conversion in our history as nearly 1,200 agents led by visionary entrepreneurs chose to join our market-leading brand in Canada, an exciting start to the year," said Erik Carlson, Chief Executive Officer. Carlson...

DENVER (AP) — DENVER (AP) — RE/MAX Holdings Inc. (RMAX) on Thursday reported earnings of $1.4 million in its fourth quarter. On a per-share basis, the Denver-based company said it had net income of 7 cents. Earnings, adjusted for one-time gains and costs, were 30 cents per share. The franchisor of residential real estate brokerages posted revenue of $71.1 million in the period. For the year, the company reported profit of $8.2 million, or 40 cents per share. Revenue was reported as $291.6 million. For the current quarter ending in March, RE/MAX said it expects revenue in the range of $69 million to $74 million. The company expects full-year revenue in the range of $285 million to $305 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMAX at https://www.zacks.com/ap/RMAX

RE/MAX (RMAX) came out with quarterly earnings of $0.3 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.3 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.14%. A quarter ago, it was expected that this franchisor of residential real estate brokerages would post earnings of $0.36 per share when it actually produced earnings of $0.37, delivering a surprise of +2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. RE/MAX, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $71.14 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 0.15%. This compares to year-ago revenues of $72.47 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. RE/MAX shares have lost about 10% since the beginning of the year versus the S&P 500's gain of 0.5%. While RE/MAX has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for RE/MAX was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank...

RE/MAX (RMAX) reported $71.14 million in revenue for the quarter ended December 2025, representing a year-over-year decline of 1.8%. EPS of $0.30 for the same period compares to $0.30 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $71.25 million, representing a surprise of -0.15%. The company delivered an EPS surprise of +7.14%, with the consensus EPS estimate being $0.28. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how RE/MAX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Marketing Funds fees: $17.56 million versus $17.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.9% change. Revenue- Continuing franchise fees: $27.08 million compared to the $28.41 million average estimate based on two analysts. The reported number represents a change of -9.1% year over year. Revenue- Franchise sales and other revenue: $5.24 million compared to the $4.64 million average estimate based on two analysts. The reported number represents a change of +15.7% year over year. Revenue- Broker fees: $13.91 million versus the two-analyst average estimate of $12.66 million. The reported number represents a year-over-year change of +19.3%. Revenue- Annual dues: $7.36 million versus the two-analyst average estimate of $7.69 million. The reported number represents a year-over-year change of -6.2%. View all Key Company Metrics for RE/MAX here>>> Shares of RE/MAX have returned -16.1% over the past month versus the Zacks S&P 500 composite's -0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RE/MAX Holdings, Inc. (RMAX) : Free Stock Analysis...

Management attributes recent momentum to a reinvigorated value proposition and brand modernization, highlighted by the largest brokerage conversion in company history involving nearly 1,200 agents in Ontario. Performance in the fourth quarter was driven by disciplined operational execution, with profit and margins landing at the high end of internal expectations despite a third consecutive year of historically slow housing activity. The company is pivoting toward more flexible economic models, such as Aspire, Ascend, and Appreciate, to provide brokers with better recruiting and retention frameworks in a dynamic market. Strategic positioning is increasingly focused on digital monetization, with 'Marketing as a Service' delivering significantly higher engagement metrics for promoted listings compared to standard remax.com listings. Management notes that while affordability and macro uncertainty have delayed buyer timelines, underlying demand remains resilient with 88% of prospective buyers intending to purchase in 2026. Operational focus has shifted toward stabilizing U.S. agent count, achieving the best fourth-quarter performance since 2021 through enhanced support services and leadership changes. The 2026 outlook assumes a normalizing housing market with higher inventory levels and a gradual easing of the mortgage rate 'lock-in' effect. Revenue growth for the full year is expected to be supported by a strong pipeline of sizable brokerage conversions, mergers, and acquisitions across the U.S. and Canada. Management anticipates advertising revenue from the RE/MAX Media Network to increase significantly in 2026, driven by healthy programmatic and direct sourcing demand. Financial guidance for 2026 assumes total leverage will remain below the 3.5x level, providing increased flexibility for capital allocation and potential share repurchases. The new Motto mortgage franchise royalty model, featuring a lower flat fee and performance-based transaction components, is expected to align costs with market realities and support long-term growth. The company recorded a $1 million charge in the fourth quarter related to the sale and disposal of assets, which is considered a one-time event. Management deliberately terminated several Motto mortgage franchisees in Q4 to maintain system quality and consistent borrower experience standards. The Aspire program, while aiding recr...