RE/MAX Q4 Earnings Beat Expectations, Optimistic 2026 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy RMAX?
Source: seekingalpha
- Earnings Highlights: RE/MAX Holdings reported a Q4 non-GAAP EPS of $0.30, beating expectations by $0.02, indicating stable profitability despite a 1.9% year-over-year revenue decline to $71.1 million, which missed estimates, reflecting increased market competition pressures.
- Q1 2026 Outlook: The company anticipates a 1.50% to 2.50% increase in agent count for Q1 2026, with revenue expected to range from $69 million to $74 million, including marketing funds revenue of $16 million to $18 million, demonstrating confidence in market demand.
- Full Year Projections: RE/MAX expects agent count growth of 1.50% to 3.50% for the full year 2026, with revenue projected between $285 million and $305 million, including marketing funds revenue of $66 million to $70 million, indicating strong growth potential for the upcoming year.
- Adjusted EBITDA Forecast: The company projects adjusted EBITDA for 2026 to be between $90 million and $100 million, reflecting efforts to control costs and enhance operational efficiency, aimed at strengthening overall profitability and market competitiveness.
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Analyst Views on RMAX
Wall Street analysts forecast RMAX stock price to rise
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 6.830
Low
9.00
Averages
9.00
High
9.00
Current: 6.830
Low
9.00
Averages
9.00
High
9.00
No data
About RMAX
RE/MAX Holdings, Inc. is a franchisor in the real estate industry, franchising real estate brokerages globally under the REMAX brand, and mortgage brokerages within the United States under the Motto Mortgage brand. Its segments include Real Estate, Mortgage, and Marketing Funds. Real Estate segment comprises the operations of the Company’s owned and independent global franchising operations under the RE/MAX brand along with corporate-wide shared services expenses. Mortgage segment comprises the operations of the Company’s mortgage brokerage franchising operations under the Motto brand and mortgage loan processing services under the wemlo brand. The Motto franchise model offers United States real estate brokers, mortgage professionals and other investors access to the mortgage brokerage industry. Marketing Funds segment comprises the operations of its marketing campaigns designed to build and maintain brand awareness and the development and operation of agent marketing technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
RE/MAX Q4 Earnings Beat Expectations, Optimistic 2026 Outlook
- Earnings Highlights: RE/MAX Holdings reported a Q4 non-GAAP EPS of $0.30, beating expectations by $0.02, indicating stable profitability despite a 1.9% year-over-year revenue decline to $71.1 million, which missed estimates, reflecting increased market competition pressures.
- Q1 2026 Outlook: The company anticipates a 1.50% to 2.50% increase in agent count for Q1 2026, with revenue expected to range from $69 million to $74 million, including marketing funds revenue of $16 million to $18 million, demonstrating confidence in market demand.
- Full Year Projections: RE/MAX expects agent count growth of 1.50% to 3.50% for the full year 2026, with revenue projected between $285 million and $305 million, including marketing funds revenue of $66 million to $70 million, indicating strong growth potential for the upcoming year.
- Adjusted EBITDA Forecast: The company projects adjusted EBITDA for 2026 to be between $90 million and $100 million, reflecting efforts to control costs and enhance operational efficiency, aimed at strengthening overall profitability and market competitiveness.
See More
RE/MAX Reports Q4 2025 Results with Key Metrics
- Revenue Performance: RE/MAX reported total revenue of $71.1 million for Q4 2025, a decrease of 1.8% compared to Q4 2024, primarily due to a decline in U.S. agent count and adjustments to standard fee models, indicating revenue pressure in a challenging market environment.
- Adjusted EBITDA: The adjusted EBITDA for Q4 was $22.4 million, down 4.0% year-over-year, reflecting increased personnel-related expenses and lower revenue, despite a decrease in bad debt expense, highlighting profitability challenges.
- Agent Count Changes: As of December 31, 2025, RE/MAX had 48,165 agents in the U.S., a 6.1% decrease from 2024, with a similar decline in Canada, indicating ongoing competitive pressures and challenges within the industry.
- Cash Flow Position: As of December 31, 2025, the company had cash and cash equivalents of $118.7 million, an increase of $22.1 million from the previous year, demonstrating a maintained liquidity position despite market pressures.
See More
Remax Appoints Chris Lim as President
- Executive Appointment: Remax announced the appointment of Chris Lim as president while retaining his role as chief growth officer, overseeing all aspects of the global network, driving international growth, and enhancing services for brokers and owners, thereby strengthening the company's market competitiveness.
- Strategic Vision Shaping: Lim's new role will enable him to shape the company's long-term strategic vision, ensuring Remax's continued development and brand influence in the global real estate market.
- New Team Members: Pierre Montagna has been appointed as vice president of Global Sales, bringing experience from New York City real estate and fluency in five languages, while Lisa Sennstrom joins as director of Global Sales with 16 years of real estate experience, further enhancing the sales team.
- Stock Price Reaction: Following the announcement of the appointments, Remax (RMAX) stock rose 1.0% in after-hours trading, reflecting a positive market response to the executive changes.
See More
REMAX Elevates Leadership to Drive Global Expansion
- Leadership Elevation: Chris Lim has been promoted to President and Chief Growth Officer of REMAX, overseeing all aspects of the global network, driving international growth, and enhancing broker services, reflecting the company's strong confidence in its future strategic vision.
- Global Sales Team Expansion: Pierre Montagna and Lisa Sennstrom join REMAX's global sales team, with Montagna bringing multilingual capabilities and brand scaling experience, while Sennstrom adds 16 years of real estate sales and operations expertise, enhancing the company's global sales capabilities.
- Strategic Talent Acquisition: This leadership change is part of a broader wave of strategic talent expansions at REMAX over the past year, aimed at driving global expansion through stronger network support and a unified vision.
- Market Leadership Reinforcement: With over 145,000 agents and 8,500 offices worldwide, Lim's promotion and the addition of new leaders will further solidify REMAX's leadership position in the real estate industry and drive long-term growth.
See More
REMAX Elevates Leadership to Drive Global Expansion
- Leadership Elevation: Chris Lim has been promoted to President and Chief Growth Officer of REMAX, overseeing all aspects of the global network, driving international growth, and enhancing services for brokers and agents, reflecting the company's confidence in future growth.
- Global Sales Team Expansion: Pierre Montagna and Lisa Sennstrom join the REMAX global sales team, with Montagna bringing expertise in brand scaling across cultures and Sennstrom contributing 16 years of experience in real estate sales and strategic consulting, thereby enhancing the company's market competitiveness.
- Historic Achievements: Under Lim's tenure, REMAX reached an all-time high in global agent count and expanded into six new countries, marking a significant growth trajectory and increased brand influence in the global market.
- Strategic Investment: This leadership change aligns with REMAX's modernization strategy, aiming to drive intelligent expansion and long-term growth through enhanced network support and a unified vision across the organization.
See More
January Housing Market Reset: Surge in New Listings
- Sales Decline: Home sales in January fell 6.0% year-over-year and 32.0% month-over-month, indicating seasonal adjustments that may weaken market confidence.
- Surge in New Listings: New listings increased by 61.8% compared to December, although down 3.8% year-over-year, providing buyers with more options and potentially boosting future market activity.
- Median Sales Price Fluctuation: The median sales price in January was $425,000, down 2.0% from December but up 1.0% year-over-year, reflecting price stability in the market.
- Inventory Trends: While inventory remained essentially unchanged from December, it increased by 10.9% year-over-year, indicating a gradual rise in market supply that may help alleviate supply-demand pressures.
See More
RE/MAX Q4 Earnings Beat Expectations, Optimistic 2026 Outlook
- Earnings Highlights: RE/MAX Holdings reported a Q4 non-GAAP EPS of $0.30, beating expectations by $0.02, indicating stable profitability despite a 1.9% year-over-year revenue decline to $71.1 million, which missed estimates, reflecting increased market competition pressures.
- Q1 2026 Outlook: The company anticipates a 1.50% to 2.50% increase in agent count for Q1 2026, with revenue expected to range from $69 million to $74 million, including marketing funds revenue of $16 million to $18 million, demonstrating confidence in market demand.
- Full Year Projections: RE/MAX expects agent count growth of 1.50% to 3.50% for the full year 2026, with revenue projected between $285 million and $305 million, including marketing funds revenue of $66 million to $70 million, indicating strong growth potential for the upcoming year.
- Adjusted EBITDA Forecast: The company projects adjusted EBITDA for 2026 to be between $90 million and $100 million, reflecting efforts to control costs and enhance operational efficiency, aimed at strengthening overall profitability and market competitiveness.
See More
RE/MAX Reports Q4 2025 Results with Key Metrics
- Revenue Performance: RE/MAX reported total revenue of $71.1 million for Q4 2025, a decrease of 1.8% compared to Q4 2024, primarily due to a decline in U.S. agent count and adjustments to standard fee models, indicating revenue pressure in a challenging market environment.
- Adjusted EBITDA: The adjusted EBITDA for Q4 was $22.4 million, down 4.0% year-over-year, reflecting increased personnel-related expenses and lower revenue, despite a decrease in bad debt expense, highlighting profitability challenges.
- Agent Count Changes: As of December 31, 2025, RE/MAX had 48,165 agents in the U.S., a 6.1% decrease from 2024, with a similar decline in Canada, indicating ongoing competitive pressures and challenges within the industry.
- Cash Flow Position: As of December 31, 2025, the company had cash and cash equivalents of $118.7 million, an increase of $22.1 million from the previous year, demonstrating a maintained liquidity position despite market pressures.
See More
Remax Appoints Chris Lim as President
- Executive Appointment: Remax announced the appointment of Chris Lim as president while retaining his role as chief growth officer, overseeing all aspects of the global network, driving international growth, and enhancing services for brokers and owners, thereby strengthening the company's market competitiveness.
- Strategic Vision Shaping: Lim's new role will enable him to shape the company's long-term strategic vision, ensuring Remax's continued development and brand influence in the global real estate market.
- New Team Members: Pierre Montagna has been appointed as vice president of Global Sales, bringing experience from New York City real estate and fluency in five languages, while Lisa Sennstrom joins as director of Global Sales with 16 years of real estate experience, further enhancing the sales team.
- Stock Price Reaction: Following the announcement of the appointments, Remax (RMAX) stock rose 1.0% in after-hours trading, reflecting a positive market response to the executive changes.
See More
REMAX Elevates Leadership to Drive Global Expansion
- Leadership Elevation: Chris Lim has been promoted to President and Chief Growth Officer of REMAX, overseeing all aspects of the global network, driving international growth, and enhancing broker services, reflecting the company's strong confidence in its future strategic vision.
- Global Sales Team Expansion: Pierre Montagna and Lisa Sennstrom join REMAX's global sales team, with Montagna bringing multilingual capabilities and brand scaling experience, while Sennstrom adds 16 years of real estate sales and operations expertise, enhancing the company's global sales capabilities.
- Strategic Talent Acquisition: This leadership change is part of a broader wave of strategic talent expansions at REMAX over the past year, aimed at driving global expansion through stronger network support and a unified vision.
- Market Leadership Reinforcement: With over 145,000 agents and 8,500 offices worldwide, Lim's promotion and the addition of new leaders will further solidify REMAX's leadership position in the real estate industry and drive long-term growth.
See More
REMAX Elevates Leadership to Drive Global Expansion
- Leadership Elevation: Chris Lim has been promoted to President and Chief Growth Officer of REMAX, overseeing all aspects of the global network, driving international growth, and enhancing services for brokers and agents, reflecting the company's confidence in future growth.
- Global Sales Team Expansion: Pierre Montagna and Lisa Sennstrom join the REMAX global sales team, with Montagna bringing expertise in brand scaling across cultures and Sennstrom contributing 16 years of experience in real estate sales and strategic consulting, thereby enhancing the company's market competitiveness.
- Historic Achievements: Under Lim's tenure, REMAX reached an all-time high in global agent count and expanded into six new countries, marking a significant growth trajectory and increased brand influence in the global market.
- Strategic Investment: This leadership change aligns with REMAX's modernization strategy, aiming to drive intelligent expansion and long-term growth through enhanced network support and a unified vision across the organization.
See More
January Housing Market Reset: Surge in New Listings
- Sales Decline: Home sales in January fell 6.0% year-over-year and 32.0% month-over-month, indicating seasonal adjustments that may weaken market confidence.
- Surge in New Listings: New listings increased by 61.8% compared to December, although down 3.8% year-over-year, providing buyers with more options and potentially boosting future market activity.
- Median Sales Price Fluctuation: The median sales price in January was $425,000, down 2.0% from December but up 1.0% year-over-year, reflecting price stability in the market.
- Inventory Trends: While inventory remained essentially unchanged from December, it increased by 10.9% year-over-year, indicating a gradual rise in market supply that may help alleviate supply-demand pressures.
See More
