RE/MAX Q1 2025: Revenue down 4.9% to $74.5M, Adjusted EBITDA up 1.5% to $19.3M

RE/MAX Holdings, Inc.

Net loss $2.0M ($0.10 diluted GAAP EPS); Adjusted EPS $0.24 vs $0.20 prior year.
Revenue $74.5M (-4.9% YoY); Revenue ex-Marketing Funds $55.6M (-4.3%).
Total agent count +2.0% to 146,126; U.S./Canada agent count -5.0% to 75,010.
Q2 2025 outlook: revenue $70-75M, Adj. EBITDA $22.5-$25.5M. FY 2025: $290-310M, Adj. EBITDA $90-100M.
No share repurchases in Q1; $62.5M remains under buyback program.

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