Real REMAX Group Inc.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
Contents
Segment Operating Performance
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months Ended · · · Nine Months Ended · | ||||||||||||||||||
| · · September 30, · · · September 30, · | ||||||||||||||||||
| (in thousands, except percentages) · · 2026 · · 2025 · · % Change · · · 2026 · · 2025 · · % Change · | ||||||||||||||||||
| Revenue | | | | | | | | | | | | | | | | | | |
| Brokerage | | $695,499 | | $565,307 | | 23.0% | | $1,854,425 | | $1,454,501 | | 27.5% | ||||||
| Franchise | | $27,098 | | $— | | n/m | % | | $27,098 | | $— | | n/m | % | ||||
| Other | | $5,331 | | $3,242 | | 64.4% | | $12,531 | | $8,776 | | 42.8% | ||||||
| Segment Adjusted EBITDA | | | | | | | | | | | | | | | | | | |
| Brokerage | | $26,773 | | $22,635 | | 18.3% | | $73,343 | | $58,840 | | 24.6% | ||||||
| Franchise | | $11,784 | | $— | | n/m | % | | $11,784 | | $— | | n/m | % | ||||
| Other | | $(1,369) | | $(765) | | 79.0% | | $(2,567) | | $(3,469) | | (26.0)% | ||||||
| Segment Adjusted EBITDA margin | | | | | | | | | | | | | | | | | | |
| Brokerage | | | 3.85% | | 4.00% | | | | | 3.96% | | 4.05% | | | ||||
| Franchise | | | 43.49% | | - | % | | | | | 43.49% | | - | % | | | ||
| Other | | | (25.68)% | | (23.60)% | | | | | (20.49)% | | (39.53)% | | | ||||
Brokerage
Revenues for the Brokerage segment increased 23.0% to $695.5 million for the three months ended September 30, 2026, from $565.3 million for the three months ended September 30, 2025. For the nine months ended September 30, 2026, revenues were $1.9 billion, an increase of 27.5% compared to $1.5 billion for the same period in 2025. The increase was driven by growth in productive agents and higher closed transaction volume.
Adjusted EBITDA for the Brokerage segment increased to $26.7 million for the three months ended September 30, 2026, from $22.6 million for the three months ended September 30, 2025, and $73.3 million for the nine months ended September 30, 2026, compared to $58.8 million for the same period in 2025. The increase reflects higher transaction volume and the scalability of the brokerage platform.
Franchise
Revenues for the Franchise segment were $27.1 million for both the three and nine months ended September 30, 2026 reflecting approximately five weeks of REMAX operations following the acquisition on August 24, 2026. Franchise revenue consists primarily of continuing franchise fees, annual dues, broker fees, franchise sales and renewals, and Marketing Funds revenue.
Adjusted EBITDA for the Franchise segment was $11.8 million for both the three and nine months ended September 30, 2026, reflecting the contribution from the acquired REMAX operations.
Other
Revenues for Other increased 64.4% to $5.3 million for the three months ended September 30, 2026, from $3.2 million for the three months ended September 30, 2025. For the nine months ended September 30, 2026, revenues were $12.5 million, an increase of 42.8% compared to $8.8 million for the same period in 2025. The increase was driven by growth in the Company’s mortgage, title and other ancillary services, as well as the inclusion of Motto Mortgage and wemlo operations following the Transaction.
Adjusted EBITDA for Other was a loss of $1.4 million for the three months ended September 30, 2026, compared to a loss of $0.8 million for the three months ended September 30, 2025. For the nine months ended September 30, 2026, Adjusted EBITDA was a loss of $2.6 million, compared to a loss of $3.5 million for the same period in 2025. The improvement reflects higher transaction volume and the scalability of the Other platform.
Real REMAX Group Inc. Q3 2026 Form 10-Q49
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