Core Insights - REMAX hosted its annual R4 global convention in Las Vegas, attracting over 4,200 attendees from more than 55 countries, emphasizing the brand's commitment to innovation and productivity in the real estate sector [1] - CEO Erik Carlson highlighted the company's modernization efforts and the introduction of new tools and services aimed at enhancing agents' competitive edge in the market [1] Group 1: Company Developments - REMAX has modernized its brand and services, introducing AI-powered tools and a revamped online presence to support its 148,000 agents [1] - New offerings include an enhanced website ecosystem, MasterPitch for listing presentations, and partnerships with INDYCAR and golf communities to increase brand visibility [1] - The company reported that its agents have closed over 10 million transaction sides since January 1, 2020, reinforcing its position as a leader in the real estate market [1] Group 2: Recognition and Community Engagement - The convention honored top-performing agents and presented the Distinguished Service Award to co-founder Dave Liniger for his impact on the industry [1] - REMAX has raised over $226 million for Children's Miracle Network since 1992, showcasing its commitment to community service [1] Group 3: Event Highlights - The MarketPlace at the convention featured new products and services, allowing attendees to engage with various vendors and explore technology solutions [1] - The Global Referral Exchange facilitated networking opportunities among international affiliates, enhancing potential for future collaborations [1]

RE/MAX (RMAX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of a ...

A downtrend has been apparent in RE/MAX (RMAX) lately. While the stock has lost 5.6% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. ...

The company also began 2026 with what Carlson described as the largest brokerage conversion in RE/MAX history: a Toronto-based, 17-office operation led by Vivian Risi and her children, Michelle and Justin, which brought nearly 1,200 agents into RE/MAX Canada. Carlson said the group selected RE/MAX for a combination of factors including the company’s global footprint, referral network, and marketing and technology platforms. He added that RE/MAX is seeing “very high retention rates” among those agents early ...

RE/MAX (NYSE:RMAX) Q4 2025 Earnings call February 20, 2026 08:30 AM ET Company ParticipantsErik Carlson - CEOJoe Schwartz - SVP of Finance and Investor RelationsKarri Callahan - CFOThomas McJoynt - Director of Equity ResearchValentin Alvar - Senior Account ExecutiveConference Call ParticipantsDae Lee - Stock AnalystNick McAndrew - Equity Research AnalystOperatorGood morning, and welcome to the RE/MAX Holdings Fourth Quarter 2025 Earnings Conference Call and Webcast. My name is Tracy, and I will be facilitat ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $71.1 million, with Adjusted EBITDA at $22.4 million and an Adjusted EBITDA Margin of 31.5% [23] - Adjusted Diluted EPS was $0.30, while revenue excluding the marketing fund decreased by 0.4% compared to the same period last year [23][24] - The total leverage ratio decreased to 3.12x as of December 31, remaining below the 3.5x level, providing greater flexibility for capital allocation [25] Business Line Data and Key Metrics Changes - The decline in organic revenue was primarily due to a reduction in U.S. agent count and the impact of new incentives, partially offset by increased broker fees and contributions from new initiatives [24] - The Aspire program has seen adoption by over 2,000 agents, contributing to reduced churn and improved productivity among participants [29][48] Market Data and Key Metrics Changes - The overall worldwide agent count reached over 148,500, with significant growth outside the U.S. and Canada, now exceeding 75,000 agents [8][9] - The housing market is showing signs of normalization, with increased inventory and new listings compared to the previous year, indicating a more balanced market [7] Company Strategy and Development Direction - The company views 2026 as a year of tremendous opportunity, focusing on enhancing brand value and expanding its network [4] - Strategic investments in technology and marketing are aimed at improving agent productivity and consumer engagement [14][15] - The introduction of new economic models like Aspire, Ascend, and Appreciate is designed to provide brokers with greater flexibility and support sustainable growth [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the housing market's recovery and the company's ability to capitalize on it, despite challenges faced in 2025 [6][7] - The company anticipates agent count growth of 1.5%-3.5% for the full year 2026, with revenue expectations between $285-305 million [26] Other Important Information - The company is exploring new ways to leverage its global sales power and enhance its competitive advantages [10][11] - The RE/MAX Media Network is expected to see significant advertising revenue growth, driven by increased interest from brands [15] Q&A Session Summary Question: Insights on the Aspire program's impact on agent productivity - Management noted that the Aspire program has led to reduced churn and improved productivity among agents, contributing to stabilization in U.S. agent count [29][30] Question: Factors influencing the recent addition of agents to RE/MAX - The CEO highlighted a combination of brand modernization, technology offerings, and the global footprint as key factors attracting new agents [31][32] Question: Perspectives on AI-driven automation in the industry - Management emphasized a purposeful approach to AI deployment, focusing on tools that help agents win listings and improve efficiency [38][40] Question: Key factors influencing revenue guidance for 2026 - Management indicated that macroeconomic conditions, U.S. agent count stabilization, and growth in new monetization initiatives could influence revenue outcomes [42][44] Question: Ongoing versus one-time cost pressures in operating expenses - Management clarified that some costs in Q4 were one-time in nature, and ongoing expenses are expected to remain consistent moving forward [52]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $71.1 million, with Adjusted EBITDA at $22.4 million and an Adjusted EBITDA Margin of 31.5% [21] - Revenue excluding the marketing fund was $53.6 million, a decrease of 0.4% compared to the same period last year, driven by a decline in organic revenue and flat foreign currency movements [21][22] - The total leverage ratio decreased to 3.12x as of December 31, remaining below the 3.5x level, which provides greater flexibility for capital allocation [23] Business Line Data and Key Metrics Changes - The Aspire program has seen adoption by over 2,000 agents, contributing to reduced churn and improved productivity among participants [11][26] - Selling, operating, and administrative expenses increased by $1.6 million, or 4.4%, to $37.3 million, primarily due to losses on asset sales and increased expenses from other events [22] Market Data and Key Metrics Changes - The overall worldwide agent count reached an all-time high of over 148,500 agents, with significant growth outside the U.S. and Canada, now exceeding 75,000 agents [7][8] - The housing market is showing signs of normalization, with higher inventory and new listings compared to the previous year, indicating a more balanced market [6] Company Strategy and Development Direction - The company views 2026 as a year of tremendous opportunity, focusing on enhancing brand value and expanding its network [4] - Strategic investments in technology and marketing are aimed at improving agent productivity and overall business growth [10][12] - The introduction of new economic models, such as Aspire, Ascend, and Appreciate, is designed to provide greater flexibility for brokers and support long-term growth [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the housing market's recovery and the company's ability to capitalize on it, despite challenges faced in the previous years [5][6] - The company anticipates agent count to increase by 1.5%-3.5% in 2026, with revenue projected between $285-305 million [24] Other Important Information - The company is exploring new ways to leverage its global sales power and enhance its competitive advantages [9] - The RE/MAX Media Network is expected to see significant growth in advertising revenue this year [13] Q&A Session Summary Question: Impact of Aspire program on agent productivity - Management noted that the Aspire program has led to reduced churn and improved productivity among agents, with positive trends in recruitment activity [26][27] Question: Factors influencing the recent addition of agents - The decision to join RE/MAX was influenced by a combination of brand positioning, technology offerings, and the company's global footprint [28][29] Question: AI-driven automation in the industry - Management emphasized a purposeful approach to AI deployment, focusing on tools that help agents win listings and improve efficiency [34][35] Question: Key factors for revenue guidance in 2026 - Key swing factors include macroeconomic conditions, stabilization of U.S. agent count, and growth from new monetization initiatives [39][41] Question: Ongoing versus one-time cost pressures - Management indicated that some costs in Q4 were one-time in nature, and the run rate for selling, operating, and administrative expenses is expected to normalize [47][48] Question: Share repurchase strategy - The company is considering share repurchases due to improved leverage and cash flow generation, balancing this with reinvestment in the business [50][52]

Fourth Quarter and Full Year 2025 Earnings February 20, 2026 ©2025 RE/MAX, LLC. Each Office Independently Owned and Operated. Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," "anticipate," "may," "will," "wo ...

分组1 - RE/MAX reported quarterly earnings of $0.3 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, with an earnings surprise of +7.14% [1] - The company posted revenues of $71.14 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 0.15%, and a decrease from year-ago revenues of $72.47 million [2] - Over the last four quarters, RE/MAX has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] 分组2 - The stock has underperformed, losing about 10% since the beginning of the year, while the S&P 500 has gained 0.5% [3] - The current consensus EPS estimate for the coming quarter is $0.20 on revenues of $76.55 million, and for the current fiscal year, it is $1.26 on revenues of $296.19 million [7] - The Zacks Industry Rank for Real Estate - Operations is in the bottom 39% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36101 RE/MAX Holdings, Inc. OR (Exact name of registrant as specified in its charter) Delaware 80-0937145 (State or other jurisd ...