RE/MAX HOLDINGS, INC. REPORTS SECOND QUARTER 2026 RESULTS
RE/MAX Holdings (NYSE: RMAX) reported Q2 2026 revenue of $68.5M, down 5.8% year over year, and adjusted EBITDA of $22.9M, down 12.6%. GAAP net loss was $4.3M, or -$0.20 per diluted share. The company also disclosed a planned merger with The Real Brokerage, offering Real REMAX Group shares or $13.80 cash per RMAX share, expected to close in H2 2026.
How this was made
The 30-second read
Why it matters
The release combines weaker quarterly performance (revenue down, adjusted EBITDA down, GAAP net loss) with explicit guidance withdrawal during the merger process, increasing uncertainty around near-term earnings power until deal close in 2H 2026.
Market read
Traders get a fresh datapoint on Q2 profitability and revenue drivers, plus confirmation that RE/MAX will not provide quarterly guidance while the merger is pending.
What to watch
Transaction costs related to the merger increased operating expenses, and recurring revenue excluding marketing funds fell sharply, so traders should separate deal-related costs from underlying franchise demand.
Background
RE/MAX issued its Q2 2026 results and reiterated a pending acquisition by The Real Brokerage Inc. under an arrangement agreement announced April 26, 2026.
Ticker impact
RE/MAX reported Q2 2026 revenue of $68.5M, adjusted EBITDA of $22.9M, and a pending merger with Real Brokerage.
Bias to downside or volatility until deal milestones, shareholder approvals, and any deal-related updates.
The release discloses a Q2 loss and declining revenue/EBITDA, and explicitly states no earnings call or quarterly/annual guidance while the merger is pending, which can reduce near-term visibility.
Market effects
Real-estate franchising and brokerage-tech peers may see read-across on fee-model changes (Aspire/Ascend) and agent-count trends.
U.S. and Canada agent-count declines highlighted, which can influence sentiment toward North American brokerage franchisors.
The merger framing targets a global technology-enabled platform, potentially affecting competitive positioning narratives in cross-border real estate services.
Counterpoint
The company’s agent count rose overall (+1.5%) and broker fees increased, which could indicate stabilization even as revenue and EBITDA declined.
Key entities
- public_companyRE/MAX Holdings, Inc.
Subject of the earnings release and the pending merger transaction.
- public_or_private_companyThe Real Brokerage Inc.
Acquirer under the definitive arrangement agreement to create Real REMAX Group Inc.
- deal_entityReal REMAX Group Inc.
Post-merger named platform entity referenced in the exchange/cash consideration terms.
