RE/MAX Q1 revenue down 5.7% to $70.2M; net loss widens to $9.7M; merger with Real on track for H2 2026

RE/MAX Holdings, Inc.

Q1 revenue $70.2M, down 5.7% YoY; net loss $9.7M vs $2.0M loss prior year.
Adjusted EBITDA $15.6M, down 19.3%; Adjusted EPS $0.16 vs $0.24.
U.S./Canada agent count down 2.3% to 73,292; total agent count up 2.1% to 149,192 on international growth.
Merger with Real: shareholders can elect 5.15 Real shares or $13.80 cash per RMAX share; company suspends guidance.

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