RE/MAX Holdings (RMAX) Company Report

Home sales in October 2025 increased 3.2% compared to October 2024 and 1.7% from September 2025 across 51 metro areas surveyed, marking the fifth month in 2025 where sales exceeded last year's levels.
The Median Sales Price for October 2025 was $445,000, up 2.2% year-over-year and 1.1% higher than September 2025.
Homes took an average of 50 days to sell in October 2025, an increase from 43 days a year ago and 48 days in September 2025.
Inventory was 15.9% higher than October 2024, and the Months' Supply of Inventory was 2.9 months, up from 2.6 months in October 2024.

Nov 18, 2025, 1:36 PM

Press Release

RMAX Reports Q3 2025 Results, Updates Full-Year Guidance, and Highlights Strategic Progress

RMAX

Earnings

Guidance Update

New Projects/Investments

RE/MAX Holdings reported Q3 2025 total revenue of $73.3 million and adjusted EBITDA of $25.8 million, with an adjusted diluted EPS of $0.37.
The company's worldwide agent count reached a record high of over 147,500 agents as of September 30, 2025, driven by steady global growth and improved U.S. recruitment.
RE/MAX Holdings tightened its full-year 2025 revenue outlook to $290 million to $294 million and adjusted EBITDA to $90 million to $94 million.
Strategic initiatives, including the RE/MAX Marketing as a Service platform and RE/MAX Media Network, are showing promising early results, with the latter expected to contribute seven-digit revenue by the end of 2025.
The total leverage ratio decreased to 3.41 times as of September 30, 2025, enhancing capital allocation flexibility and making share repurchases an attractive option.

Oct 31, 2025, 12:30 PM

Transcript

RE/MAX Holdings Announces Q3 2025 Results

RMAX

Earnings

Guidance Update

Demand Weakening

RE/MAX Holdings reported Q3 2025 revenue of $73.3 million and Adjusted Diluted EPS of $0.37.
Adjusted EBITDA was $25.8 million with a 35.2% margin in Q3 2025.
Total agent count increased 1.4% year-over-year to 147,547 agents, though agent count in the U.S. and Canada combined decreased 5.1%.
For Q4 2025, the company expects revenue in a range of $69.5 million to $73.5 million and Adjusted EBITDA between $19.0 million and $23.0 million.

Oct 31, 2025, 12:30 PM

Presentation

RE/MAX Holdings, Inc. Reports Third Quarter 2025 Results

RMAX

Earnings

Guidance Update

Demand Weakening

RE/MAX Holdings, Inc. reported total revenue of $73.3 million and Adjusted EBITDA of $25.8 million for the third quarter of 2025, representing decreases of 6.7% and 5.6% respectively compared to Q3 2024.
Net income attributable to RE/MAX Holdings, Inc. was $4.0 million, with diluted GAAP EPS of $0.19 and Adjusted diluted EPS of $0.37 for Q3 2025.
Total agent count increased 1.4% to 147,547 agents as of September 30, 2025, while the U.S. and Canada combined agent count decreased 5.1% to 74,198 agents.
For the full year 2025, the company updated its outlook, expecting revenue in the range of $290.0 million to $294.0 million and Adjusted EBITDA in the range of $90.0 million to $94.0 million.

Oct 30, 2025, 8:30 PM

8-K

RE/MAX Holdings Reports Third Quarter 2025 Results

RMAX

Earnings

Guidance Update

Demand Weakening

RE/MAX Holdings reported Q3 2025 total revenue of $73.3 million, marking a 6.7% decrease compared to Q3 2024. Net income attributable to RE/MAX Holdings, Inc. was $4.0 million, with GAAP diluted EPS of $0.19. Adjusted EBITDA decreased 5.6% to $25.8 million, and Adjusted diluted EPS was $0.37.
The company's total agent count increased 1.4% to 147,547 agents as of September 30, 2025, primarily driven by growth outside the U.S. and Canada. Conversely, the U.S. and Canada combined agent count decreased 5.1% to 74,198 agents.
For Q4 2025, RE/MAX Holdings expects revenue in the range of $69.5 million to $73.5 million and Adjusted EBITDA between $19.0 million and $23.0 million. The full-year 2025 outlook was revised, with expected revenue now between $290.0 million and $294.0 million and Adjusted EBITDA between $90.0 million and $94.0 million.

Oct 30, 2025, 8:30 PM

Press Release

RE/MAX Holdings Expands Global Presence with REMAX Morocco Sale

RMAX

New Projects/Investments

RE/MAX Holdings, through its subsidiary RE/MAX, LLC, has expanded its global presence by selling the master franchise rights for REMAX Morocco, further extending its footprint into North Africa.
REMAX Morocco will be headquartered in Casablanca and led by Regional Owners Rachida Khalil and Bilal Dabri, who bring strong expertise in business development, marketing, and operations.
The new leadership anticipates exceptional growth potential in the Moroccan real estate market, citing upcoming events like the 2026 Africa Cup of Nations and the 2030 FIFA World Cup as catalysts for increased investment.
REMAX Morocco plans to establish a robust network, with expectations to sell more than 100 franchises and recruit over 1,000 real estate sales associates across the country.

Oct 22, 2025, 12:40 PM

Press Release

RE/MAX National Housing Report for September 2025 Shows Increased Inventory and Sales with Moderating Prices

RMAX

Demand Weakening

Revenue Acceleration/Inflection

In September 2025, inventory was 20% higher year-over-year, marking the 21st consecutive month of annual growth, while home sales increased 8.5% compared to September 2024. However, compared to August 2025, sales declined 4.6% and inventory rose 3.1%.
The median sales price for the 52 metro areas surveyed was $439,000 in September 2025, a 2.1% increase from September 2024 but a 1.3% decrease from August 2025. Sellers accepted 98% of the asking price, down from 99% in both August 2025 and September 2024.
Days on Market averaged 48 days in September 2025, up seven days from September 2024, and the Months' Supply of Inventory rose to 3.0 months from 2.6 months a year ago. New listings increased 0.9% year-over-year and 4.5% over August 2025.
RE/MAX CEO Erik Carlson noted that "Smart buyers are turning to their agents for strategic guidance – and it's paying off, as many are still successfully negotiating favorable prices," and anticipates that "As inventory grows and market dynamics shift, the months ahead may bring more balance to the market".

Oct 16, 2025, 8:24 PM

Press Release

eXp Realty Launches UK Commercial Division

RMAX

Product Launch

New Projects/Investments

eXp Realty, a subsidiary of eXp World Holdings, Inc., has launched its UK Commercial Division, becoming the first platform in the UK to offer both residential and commercial property services within a single integrated business model.
The UK commercial real estate market is projected to reach £8.1 billion ($10.2 billion USD) in revenue by 2025.
The division offers agents a 70% commission structure, which can increase to 100% for top-performing agents, along with specialized training and support.
This UK launch is intended to serve as a foundation for eXp's international commercial property expansion.

Oct 8, 2025, 8:37 PM

Press Release

eXp Realty Launches UK Commercial Division

RMAX

Product Launch

New Projects/Investments

eXp Realty, a subsidiary of eXp World Holdings, Inc., launched eXp UK Commercial on October 8, 2025, expanding its commercial real estate services in the UK.
This initiative positions eXp as the first agent-owned platform in the UK to provide both residential and commercial services under a single model.
The UK commercial property sector is projected to reach £8.1 billion (US $10.2 billion) in revenue in 2025.
Agents joining eXp UK Commercial will benefit from a 70% commission structure, with the potential to increase to 100% for top performers.

Oct 8, 2025, 8:37 PM

Press Release

eXp Realty Launches UK Commercial Division

RMAX

Product Launch

New Projects/Investments

eXp Realty, a subsidiary of eXp World Holdings, Inc., launched eXp UK Commercial on October 8, 2025, to expand its commercial real estate competencies in the UK.
This initiative establishes eXp as the first broker-centric platform in the UK to offer both residential and commercial real estate under a unified model.
The UK commercial real estate sector is projected to reach \u00a38.1 billion ($10.2 billion USD) in 2025.
The new model offers brokers a commission structure where they retain 70%, with top performers retaining up to 100%.
This launch is part of a broader global strategy, with the UK serving as a foundation for eXp's international expansion in commercial real estate.