REMAX Reports Q2 Net Loss Amid Real Brokerage Acquisition

REMAX Holdings Inc. reported a net loss of $4.3 million attributable to the company for the second quarter of 2026, a period marked by a 5.8% year-over-year decrease in total revenue, which fell to $68.5 million. This financial performance occurs as REMAX is in the process of being acquired by The Real Brokerage. Excluding revenue from its marketing funds, REMAX's revenue declined by 5.1% to $51.7 million, reflecting a negative organic revenue growth of 5.1% and stable foreign currency impacts. The company has opted not to hold an earnings call with investors and analysts due to the impending acquisition. During the second quarter, REMAX's total agent count saw a modest increase of 1.5% compared to the previous year, reaching 149,267 agents globally. However, within the United States and Canada, regions historically contributing the majority of REMAX's system revenue, the combined agent count experienced a 2.2% decrease, settling at 72,968 agents. The acquisition deal with The Real Brokerage is anticipated to be finalized in the latter half of 2026, contingent upon standard closing conditions and the approval of shareholders from special meetings scheduled for August 14, 2026, for both companies. This transaction has progressed through regulatory review, with the Department of Justice (DOJ) granting early termination of the Hart-Scott-Rodino Antitrust Improvements (HSR) Act of 1976 waiting period in mid-July. The HSR Act, enacted to enhance antitrust enforcement, mandates that parties notify the DOJ and the Federal Trade Commission (FTC) of significant mergers and acquisitions to allow for a review of potential competitive harm before completion. In contrast, The Real Brokerage reported a more robust financial quarter, with Q2 revenue reaching $700.6 million, a 30% increase from the prior year. However, The Real Brokerage also recorded a net loss of $8 million, largely influenced by $11.6 million in expenses associated with the acquisition of REMAX. The Real Brokerage is a publicly traded company that operates a cloud-based real estate brokerage platform, aiming to provide agents with technology and support. REMAX Holdings Inc., headquartered in Denver, Colorado, is a global franchisor of real estate brokerage services, operating under the RE/MAX, Coldwell Banker, Century 21, and Better Homes and Gardens Real Estate brands.