RE/MAX Q3 revenue, adj EPS miss estimates

Re/Max Holdings

30/10/2025 20:48

Overview

RE/MAX Q3 revenue decreased 6.7% yr/yr, missing analyst expectations

Adjusted EPS for Q3 missed analyst expectations

Adjusted EBITDA for Q3 slightly exceeded analyst expectations

Outlook

RE/MAX expects Q4 2025 revenue between $69.5 mln and $73.5 mln

Company forecasts full-year 2025 revenue of $290 mln to $294 mln

RE/MAX anticipates Q4 2025 adjusted EBITDA between $19 mln and $23 mln

Result Drivers

AGENT COUNT DECLINE - Revenue decline attributed to a decrease in U.S. agent count and changes to fee models, including the Aspire program

GLOBAL AGENT GROWTH - Total REMAX agent count reached an all-time high, driven by global growth

INNOVATION INITIATIVES - New offerings like the AI-powered REMAX Marketing as a Service platform and new economic models introduced to enhance value proposition

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$73.3 mln
$73.47 mln (3 Analysts)
Q3 Adjusted EPS
Miss
$0.37
$0.37 (4 Analysts)
Q3 EPS
$0.19
Q3 Net Income
$4 mln
Q3 Adjusted EBITDA
Beat
$25.8 mln
$25.75 mln (4 Analysts)
Q3 Adjusted EBITDA Margin
35.2%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy."

Wall Street's median 12-month price target for Re/Max Holdings Inc is $9.00, about 7.8% above its October 29 closing price of $8.30

Press Release: ID:nPn6g7kbxa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)