Real Brokerage Q2 Revenue Jumps 30% to $701M; RE/MAX Vote Set for Aug 14
REAX is trading near its 52-week low of $1.55 (14% above the low).
Summary
Real Brokerage reported Q2 2026 revenue of $700.6 million, up 30% year-over-year, with Adjusted EBITDA of $27.6 million. The company provided updated proxy disclosures for its pending $880 million RE/MAX acquisition, with the shareholder vote set for August 14, 2026.
Key Events · Earnings and Guidance · REAX
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Q2 Revenue Surges 30%
Revenue reached $700.6 million, driven by a 27% increase in closed transactions and 26% growth in agent count to 35,348.
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Adjusted EBITDA Up 38%
Adjusted EBITDA rose to $27.6 million, reflecting operating leverage despite $11.6 million in RE/MAX acquisition costs.
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Strong Balance Sheet
Cash and equivalents totaled $86.6 million with no debt, providing financial flexibility ahead of the RE/MAX merger.
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RE/MAX Vote Set for August 14
The special meeting of securityholders to approve the $880 million RE/MAX acquisition is scheduled for August 14, 2026, with supplemental proxy disclosures filed.
Analysis · REAX · Real Estate & Construction
Real Brokerage delivered strong Q2 results with revenue up 30% to $700.6 million and Adjusted EBITDA up 38% to $27.6 million, despite a GAAP net loss driven by $11.6 million in RE/MAX acquisition costs. The company ended the quarter with $86.6 million in cash and no debt, providing ample liquidity ahead of the merger. The filing also includes supplemental disclosures to the merger proxy, clarifying deal mechanics and valuation, and confirms the shareholder vote for August 14, 2026. With the merger approaching, these results demonstrate organic momentum and financial capacity to execute the transformative RE/MAX acquisition.
At the time of this filing, REAX was trading at $1.76 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $379.2M. The 52-week trading range was $1.55 to $5.41. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.