Re/Max Holdings Inc ( (RMAX) ) has released its Q1 earnings. Here is a breakdown of the information Re/Max Holdings Inc presented to its investors.
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RE/MAX Holdings, Inc., a leading franchisor in the real estate industry, operates globally under the REMAX brand and within the U.S. under the Motto Mortgage brand, offering both real estate and mortgage brokerage services.
In its first quarter of 2025, RE/MAX Holdings reported a total revenue of $74.5 million, reflecting a decrease of 4.9% compared to the same period in 2024. Despite the revenue decline, the company saw a slight increase in Adjusted EBITDA to $19.3 million, showcasing resilience in its profit margins.
Key financial highlights include a net loss of $2.0 million, an improvement from the previous year’s loss of $3.4 million. The company experienced a decrease in U.S. and Canada agent count by 5.0%, but a global increase in total agent count by 2.0% to 146,126 agents. Operating expenses were reduced by 6.3%, primarily due to lower administrative costs.
Looking forward, RE/MAX Holdings anticipates a modest increase in agent count and projects second-quarter revenue between $70.0 million and $75.0 million. The company remains focused on strategic initiatives to enhance its competitive edge and support its affiliates’ growth.