Re/Max Holdings Inc
NYSE:RMAX
Re/Max Holdings Inc
RE/MAX Holdings, Inc. engages in the provision of real estate franchise services through its subsidiaries. The company is headquartered in Denver, Colorado and currently employs 639 full-time employees. The company went IPO on 2013-10-02. The firm operates in four business segments: Real Estate, Mortgage, Marketing Funds, and Other. Real Estate comprises its real estate brokerage franchising operations under the RE/MAX brand and G73. Mortgage is comprised of its mortgage brokerage franchising operations under the Motto Mortgage brand and mortgage loan processing software and services under the wemlo brand. Marketing Funds includes its collective franchise marketing funds. The company also sells ancillary products and services, primarily technology, to its franchise networks and, in certain instances, it commercializes those offerings outside its franchise networks. The RE/MAX has over 1,40,000 agents operating in over 9,000 offices, and a presence in more than 110 countries and territories.
RE/MAX Holdings, Inc. engages in the provision of real estate franchise services through its subsidiaries. The company is headquartered in Denver, Colorado and currently employs 639 full-time employees. The company went IPO on 2013-10-02. The firm operates in four business segments: Real Estate, Mortgage, Marketing Funds, and Other. Real Estate comprises its real estate brokerage franchising operations under the RE/MAX brand and G73. Mortgage is comprised of its mortgage brokerage franchising operations under the Motto Mortgage brand and mortgage loan processing software and services under the wemlo brand. Marketing Funds includes its collective franchise marketing funds. The company also sells ancillary products and services, primarily technology, to its franchise networks and, in certain instances, it commercializes those offerings outside its franchise networks. The RE/MAX has over 1,40,000 agents operating in over 9,000 offices, and a presence in more than 110 countries and territories.
Agent Count: RE/MAX agent count reached an all-time high of over 147,500, with the best U.S. third quarter agent count performance in three years and continued international growth.
Financial Results: Q3 revenue was $73.3 million and adjusted EBITDA was $25.8 million with margins improving 40 basis points year-over-year.
Guidance Update: Full-year 2025 revenue and adjusted EBITDA guidance ranges were narrowed at the top end due to continued macro uncertainty, now expecting revenue of $290–294 million and adjusted EBITDA of $90–94 million.
Strategic Initiatives: New programs like Aspire, Ascend, and Appreciate are showing positive early results in recruitment and retention, and new digital products such as Marketing as a Service and Media Network are scaling, projected to generate 7-digit annual revenues.
Capital Allocation: Deleveraging continued, leverage ratio dropped below 3.5x, giving more flexibility; management signaled that share buybacks are now under consideration.
Market Conditions: Inventory and new listings are rising, but affordability and mortgage rates remain headwinds; management is constructive but cautious.
