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