{"id":49951,"date":"2026-05-08T19:24:18","date_gmt":"2026-05-08T16:24:18","guid":{"rendered":"https:\/\/mk.gen.tr\/remax-q1-financial-results-show-436m-debt-declining-revenue\/"},"modified":"2026-05-08T19:24:18","modified_gmt":"2026-05-08T16:24:18","slug":"remax-q1-financial-results-show-436m-debt-declining-revenue","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/tr\/remax-q1-financial-results-show-436m-debt-declining-revenue\/","title":{"rendered":"REMAX Q1 financial results show $436M debt, declining revenue"},"content":{"rendered":"<p>Financial results for the first quarter of 2026 at <strong>REMAX Holdings,<\/strong> the parent company of franchisors <strong>REMAX<\/strong> and <strong>Motto Mortgage<\/strong>, reveal that <strong>The Real Brokerage<\/strong> is <a href=\"https:\/\/www.housingwire.com\/articles\/real-to-acquire-remax-880-million-real-remax-group\/\" target=\"_blank\" rel=\"noopener\">acquiring<\/a> a company that continues to lose money and domestic agent count, with more than <a href=\"https:\/\/www.housingwire.com\/articles\/real-remax-consolidation-strategy\/\" target=\"_blank\" rel=\"noopener\">$400 million in outstanding debt<\/a>.<\/p>\n<p>Announced Friday, <a href=\"https:\/\/www.housingwire.com\/articles\/could-remax-headquarters-relocate-to-florida-after-real-acquisition\/\">REMAX<\/a>\u2019s Q1 2026 <a href=\"https:\/\/www.housingwire.com\/articles\/q1-2026-earnings-mortgage-real-estate-homebuilding\/\">earnings<\/a> results show that the firm recorded a 5.7% annual decline in revenue during the quarter to $70.2 million. According to the release, revenue excluding marketing funds was down 4% annually to $2.2 million, which the company attributed in part to a 4.7% decline in organic revenue.\u00a0<\/p>\n<p>REMAX also reported a net loss of\u00a0 $9.7 million for the quarter, up from a net loss of $2 million in Q1 2025. Additionally, REMAX\u2019s adjusted free cash flow was -$5.429 million during the first quarter.\u00a0<\/p>\n<p>At the end of Q1 2026, REMAX had $107.1 million in cash and cash equivalents on hand and $436 million in outstanding debt. In addition, despite total <a href=\"https:\/\/www.housingwire.com\/articles\/agent-churn-2025-courted\/\">agent count<\/a> rising 2.1% from a year prior to 149,192 agents,\u00a0U.S. agent count was down 4.8% annually to 47,443 agents. <\/p>\n<p>Internationally, Canadian agent count was up 2.8% to 25,849 agents and other international agent count was up 6.7% to 75,900 agents.\u00a0<\/p>\n<p>Due to the recently announced proposed acquisition by <a href=\"https:\/\/www.housingwire.com\/tag\/the-real-brokerage\/\">Real<\/a>, REMAX did not hold an earnings call with investors and analysts, and no comments were provided along with the financial release.\u00a0<\/p>\n<p>In response to Friday\u2019s earnings release, Real\u2019s stock price fell from $2.23 per share at the close of market on Thursday to $2.13 per share as of mid-morning Friday. Just prior to announcing its <a href=\"https:\/\/www.housingwire.com\/articles\/everything-we-know-about-reals-remax-acquisition-and-the-shift-to-tech-driven-consolidation\/\" target=\"_blank\" rel=\"noopener\">acquisition of REMAX<\/a>, Real\u2019s stock was trading at $2.68 per share. <\/p>\n<p>REMAX\u2019s stock also fell Friday morning, dropping from $11.06 per share at close of market on Thursday to $10.71 per share as of mid-morning Friday. Despite this decline, it\u2019s still well above REMAX\u2019s share price of $7.99 per share just prior to the announcement of the Real deal.\u00a0<\/p>\n<p>Real has said it anticipates that the <a href=\"https:\/\/www.housingwire.com\/articles\/real-remax-deal-upside\/\" target=\"_blank\" rel=\"noopener\">acquisition<\/a>, which is still pending regulatory review, will close during the second half of 2026.<\/p>","protected":false},"excerpt":{"rendered":"<p>Financial results for the first quarter of 2026 at REMAX Holdings, the parent company of franchisors REMAX and Motto Mortgage, reveal that The Real Brokerage is acquiring a company that continues to lose money and domestic agent count, with more than $400 million in outstanding debt. Announced Friday, REMAX\u2019s Q1 2026 earnings results show that&#8230;<\/p>","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/posts\/49951"}],"collection":[{"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/comments?post=49951"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/posts\/49951\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/media?parent=49951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/categories?post=49951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/tags?post=49951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}