Re/Max Holdings Inc
F:2RM

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Re/Max Holdings Inc Logo
Re/Max Holdings Inc
F:2RM
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Price: 9.31 EUR 4.37% Market Closed
Market Cap: €301.4m

Re/Max Holdings Inc
Investor Relations

RE/MAX Holdings owns and franchises one of the best-known real estate brokerage brands in the world. It does not primarily act as a home seller or buyer itself; instead, it licenses the RE/MAX name, systems, and support services to independent real estate agents and brokerage offices that use the brand to serve local housing markets. The company makes money mainly through franchise fees, agent-related fees, and other services tied to its network. Its customers are the franchise owners and agents who pay for the right to use the brand, access training and technology tools, and stay connected to the RE/MAX system. In a practical sense, RE/MAX sits in the middle of the residential real estate value chain, helping independent agents market homes and close deals under a recognized banner. What makes the business model different is that RE/MAX is built around a large network of independent professionals rather than company-owned storefronts. That gives it a lighter asset base than a traditional brokerage and makes the brand, recruiting, and agent retention especially important. Its role is less about owning transactions and more about providing the platform, name recognition, and support that help agents run their own businesses.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 20, 2026
AI Summary
Q4 2025

Strong Q4 Performance: Profit and margins landed at the high end of expectations, with solid revenue despite a challenging housing market.

Record Agent Count: Global agent count reached over 148,500, an all-time high, with international markets fueling new records.

Largest Brokerage Conversion: RE/MAX Canada added a 1,200-agent brokerage in Ontario, marking the largest conversion in company history.

Strategic Initiatives: New economic models and digital tools, including AI enhancements and a Marketing as a Service platform, are boosting agent productivity and engagement.

2026 Guidance: Management expects agent count to increase 1.5%–3.5% and revenue to be between $285M and $305M, with adjusted EBITDA of $90M–$100M.

Capital Flexibility: Leverage ratio dropped to 3.12x, giving more room for share repurchases and reinvestment.

Key Financials
Revenue
$71.1 million
Adjusted EBITDA
$22.4 million
Adjusted EBITDA Margin
31.5%
Adjusted Diluted EPS
$0.30
Revenue (excluding marketing funds)
$53.6 million
Total Leverage Ratio
3.12x
Worldwide Agent Count
over 148,500
Selling, Operating, and Administrative Expenses
$37.3 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. W. Erik Carlson
CEO & Director
No Bio Available
Ms. Karri R. Callahan
Chief Financial Officer
No Bio Available
Mr. Ward M. Morrison
President & CEO of Motto Mortgage and wemlo
No Bio Available
Mr. David L. Liniger
Co Founder & Non-Executive Chairman
No Bio Available
Ms. Gail A. Liniger
Co-Founder, Vice Chair Emerita & Director Emerita
No Bio Available
Ms. Leah Jenkins
VP & Chief Accounting Officer
No Bio Available
Mr. William Grady Ligon
Chief Information Officer
No Bio Available
Mr. Andrew Schulz
Vice President of Investor Relations
No Bio Available
Ms. Susan L Winders
Executive VP, General Counsel, Chief Compliance Officer & Secretary
No Bio Available
Ms. Abby Lee
Executive Vice President of Marketing, Communications & Events
No Bio Available

Contacts

Address
COLORADO
Denver
5075 S Syracuse St
Contacts
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