RE/MAX Q2 Revenue Drops 5.8%, Swings to Loss on Merger Costs
RMAX sits 97% above its 52-week low of $5.46.
Summary
RE/MAX posted Q2 2026 revenue of $68.5 million, down 5.8% year-over-year, and a net loss of $4.3 million after absorbing $11.5 million in merger transaction costs. The company will not provide guidance or host earnings calls while its acquisition by The Real Brokerage remains pending.
Key Events · Earnings and Guidance · RMAX
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Revenue Declines 5.8%
Total Q2 revenue fell to $68.5 million from $72.8 million a year ago, driven by lower continuing franchise fees and annual dues.
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Net Loss of $4.3 Million
The company swung to a net loss from a $4.7 million profit last year, primarily due to $11.5 million in merger transaction costs.
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Adjusted EBITDA Down 12.6%
Adjusted EBITDA was $22.9 million, down from $26.3 million, with margin contracting to 33.5% from 36.1%.
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Guidance and Calls Suspended
RE/MAX will not provide quarterly guidance or host earnings calls while the merger with The Real Brokerage is pending.
Analysis · RMAX · Real Estate & Construction
Second-quarter results reveal a 5.8% revenue decline and a net loss of $4.3 million, weighed down by $11.5 million in merger-related costs. Adjusted EBITDA fell 12.6% to $22.9 million. With its acquisition by The Real Brokerage pending and shareholder votes scheduled for August 14, the company is suspending guidance and earnings calls. The figures highlight the operational headwinds—shrinking U.S. agent count and fee model changes—that the merger is designed to address.
At the time of this filing, RMAX was trading at $10.77 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $364.9M. The 52-week trading range was $5.46 to $11.81. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.