RE/MAX Q4 adjusted core profit beats estimates

Re/Max Holdings

19/02/2026 21:38

Overview

Real estate franchisor's Q4 revenue slightly missed analyst expectations

Adjusted EPS for Q4 missed analyst expectations

Adjusted EBITDA for Q4 slightly beat analyst expectations

Outlook

RE/MAX expects Q1 2026 revenue between $69 mln and $74 mln

Company forecasts full-year 2026 revenue between $285 mln and $305 mln

RE/MAX anticipates Q1 2026 adjusted EBITDA between $14 mln and $17 mln

Result Drivers

AGENT COUNT - Total agent count increased 1.4% globally, driven by growth outside the U.S. and Canada

FEE MODEL CHANGES - Revenue decline partly due to modifications in fee models, including Aspire, affecting organic revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$71.10 mln
$71.36 mln (3 Analysts)
Q4 Adjusted EPS
Miss
$0.30
$0.31 (4 Analysts)
Q4 EPS
$0.07
Q4 Net Income
$1.40 mln
Q4 Adjusted EBITDA
Slight Beat*
$22.40 mln
$22.30 mln (3 Analysts)
Q4 Adjusted EBITDA Margin
31.50%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 31.8% above its February 18 closing price of $6.83

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPn9gFCsZa

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(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.)