"REMAX also reported a net loss of $9.7 million for the quarter, up from a net loss of $2 million in Q1 2025. Additionally, REMAX's adjusted free cash flow was -$5.429 million during the first quarter. At the end of Q1 2026, REMAX had $107.1 million in cash and cash equivalents on hand and $436 million in outstanding debt."
"Despite total agent count rising 2.1% from a year prior to 149,192 agents, U.S. agent count was down 4.8% annually to 47,443 agents. Internationally, Canadian agent count was up 2.8% to 25,849 agents and other international agent count was up 6.7% to 75,900 agents."
"Due to the recently announced proposed acquisition by Real, REMAX did not hold an earnings call with investors and analysts, and no comments were provided along with the financial release. In response to Friday's earnings release, Real's stock price fell from $2.23 per share at the close of market on Thursday to $2.13 per share as of mid-morning Friday."
"Just prior to announcing its acquisition of REMAX, Real's stock was trading at $2.68 per share. REMAX's stock also fell Friday morning, dropping from $11.06 per share at close of market on Thursday to $10.71 per share as of mid-morning Friday. Despite this decline, it's still well above REMAX's share price of $7.99 per share just prior to the announcement of the Real deal. Real has said it anticipates that the acquisition, which is still pending regulatory review, will close during the second half of 2026."
RE/MAX reported a net loss of $9.7 million for the quarter, compared with a $2 million net loss in Q1 2025. Adjusted free cash flow was -$5.429 million in the first quarter. At the end of Q1 2026, the company held $107.1 million in cash and cash equivalents and had $436 million in outstanding debt. Total agent count increased 2.1% year over year to 149,192 agents, but U.S. agent count fell 4.8% to 47,443. Canadian agent count rose 2.8% to 25,849, and other international agent count rose 6.7% to 75,900. No earnings call or comments accompanied the financial release due to the proposed Real acquisition, which is pending regulatory review and expected to close in the second half of 2026.
Read at www.housingwire.com
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