RE/MAX HOLDINGS, INC. REPORTS FIRST QUARTER 2026 RESULTS

RE/MAX Holdings, Inc. reported total revenue of $70.2 million for the first quarter of 2026, reflecting a 5.7% decrease from $74.5 million in the same period of 2025. Revenue excluding the Marketing Funds fell by 4.0% to $53.4 million, primarily due to a negative organic revenue growth of 4.7%, though this was partially offset by a 0.7% increase attributed to foreign currency movements.

The company experienced a net loss attributable to RE/MAX Holdings, Inc. of $9.7 million, equating to a loss of $0.48 per diluted share. Adjusted EBITDA decreased by 19.3% to $15.6 million, yielding an Adjusted EBITDA margin of 22.2% and an adjusted earnings per diluted share of $0.16.

As of March 31, 2026, RE/MAX reported an agent count of 149,192, a 2.1% increase from the prior year. However, the combined agent count in the U.S. and Canada decreased by 2.3% to 73,292 agents. The company noted that its operating expenses increased by 13.0% to $78.1 million, largely due to settlement charges and an uptick in selling, operating, and administrative expenses.

On April 26, 2026, RE/MAX Holdings entered into a definitive Merger Agreement with The Real Brokerage Inc., which will allow Real to acquire RE/MAX Holdings, thereby forming the Real REMAX Group. Under the agreement, RE/MAX shareholders may choose to receive equity in the new entity or cash, contingent upon certain proration conditions. The merger is expected to close in the second half of 2026, pending regulatory approvals and shareholder consents.

In light of the proposed merger, the company has indicated it will not host a quarterly earnings call and will not provide future earnings guidance until the transaction is completed. Further details regarding the merger can be found in the Company’s Current Report on Form 8-K filed with the SEC on April 28, 2026.