#United States #Denver #Real Estate #RE/MAX Holdings #Motto Mortgage

RE/MAX Holdings Reports Q4 and Full Year 2025 Results

RE/MAX Holdings, Inc. has released its financial results for the fourth quarter and full year ending December 31, 2025. This disclosure paints a clear picture of the challenges the company faced amid a persistently tough housing market in North America.

Financial Highlights for Q4 2025

RE/MAX Holdings generated a total revenue of $71.1 million in the fourth quarter, showing a 1.8% decline from the previous year. Excluding Marketing Funds, revenue decreased slightly by 0.4%, reaching $53.6 million. This downturn in revenue has been attributed to a 0.4% reduction in organic growth as well as a flat performance in foreign exchange rates affecting its income.

The net income attributed to RE/MAX Holdings was $1.4 million with a reported earnings per share (EPS) of $0.07, declining significantly from $5.8 million and $0.31 EPS in Q4 2024. Adjusted EBITDA also saw a downturn, falling 4.0% to $22.4 million, resulting in an adjusted EBITDA margin of 31.5%.

Full Year 2025 Overview

For the entirety of 2025, RE/MAX Holdings reported an annual revenue of $291.6 million, a 5.2% decrease compared to $307.7 million in 2024. The revenue, not including Marketing Funds, fell by 4.3% to $218.8 million. This decrease can be linked to ongoing adverse conditions within the housing market, which also reflected negatively on agent counts across the United States and Canada.

The company closed the year with a net income of $8.2 million and an EPS of $0.40, which remains an improvement over 2024's lower figures despite the recent downturn in revenues.

Agent Count Dynamics

A notable observation in RE/MAX's quarterly and yearly results is the fluctuation in agent counts. In Q4 2025, total agent count rose 1.4% to 148,660, driven primarily by growth outside the U.S. and Canada. However, both the U.S. and Canada saw a decrease in agent numbers, with a combined reduction of 4.6%. Breaking it down, the U.S. agent count decreased by 6.1%, while Canada experienced a smaller decline of 1.4%.

Strategic Outlook

In light of these results, Erik Carlson, CEO of RE/MAX Holdings, expressed optimism regarding the company's strategy and future potential. He noted signs of recovering activity in home sales and emphasized a strong momentum across global networks, positioning RE/MAX favorably for 2026. Carlton highlighted a significant conversion of nearly 1,200 agents in Canada at the beginning of 2026 as a testament to the brand's enduring appeal and the strategic investments made to enhance their value proposition.

Looking forward to Q1 and full year 2026, RE/MAX anticipates an agent count increase of 1.5% to 2.5% compared to the same period in the previous year. They project revenue will range between $285 million and $305 million for the year and are aiming for an adjusted EBITDA between $90 million and $100 million.

As RE/MAX navigates these challenging market conditions, the company’s focus will remain on supporting their networks to adapt and thrive in a recovering market. With significant adjustments underway aimed at enhancing service delivery and operational efficiency, RE/MAX Holdings is poised to capitalize on future growth opportunities in the real estate sector.

Conclusion

The results disclosed by RE/MAX Holdings for Q4 and the full year of 2025 reflect a blend of challenges and potential opportunities. As the company looks to the future, strategic adjustments and a strong agent network appear essential for overcoming the hurdles posed by the external market environment. Stakeholders will be keen to see how these developments unfold in the coming quarters as RE/MAX continues to strengthen its position in the global real estate landscape.