Re/Max Holdings (DE:2RM)
FRANKFURT:2RM
Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:May 07, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presents a majority of positive operational and financial developments — strong revenue growth (+32% YoY), significant adjusted EBITDA expansion (+80% YoY), transaction and agent growth (+25% transactions) and tangible progress across ancillary products (Real Wallet, Title, Mortgage). Management also announced a strategic acquisition of RE/MAX with quantified synergies and cross‑sell opportunities. Offsetting risks include an ongoing operating loss (albeit improved), gross margin pressure from capped agent mix, a near‑term step‑up in acquisition costs and the need to execute a complex integration while carrying acquisition-related leverage. On balance, highlights materially outweigh the identified lowlights given the growth, profitability trajectory and clear strategic rationale for scale.Company Guidance
Strong Revenue Growth
Q1 revenue of $466.0M, up 32% year-over-year.
Improved Profitability and Liquidity
Operating loss improved to -$3.4M (vs -$5.2M prior year, an improvement of $1.8M); adjusted EBITDA of $14.9M, up 80% year-over-year; operating cash flow of $23.3M; unrestricted cash and short-term investments increased by $30M to a record $62.9M; company carries no debt.
Transaction and Agent Growth
Agents closed nearly 42,000 transactions in Q1, up 25% year-over-year. Agent count was ~33,500 at quarter end and grew to over 33,900 as of May 6 (net increase ~400), with improved retention versus industry trends.
Ancillary Business Momentum
Ancillary revenue $3.0M, up 34% YoY. Real Wallet revenue more than tripled (reported $436K; ~+250% YoY), with 8,000 active agents (23% of base), weekly debit card spend >$1M, deposit balances >$25M and ~$9M of credit extended. One Real Title revenue +22% YoY and One Real Mortgage revenue +20% YoY.
Operational Leverage
Gross profit grew 24% to $42.2M while operating expenses rose 17% to $45.6M; operating expenses as a percentage of revenue improved to 9.8% from 11.1% a year ago. Adjusted EBITDA growth (80%) outpaced revenue growth (32%) — roughly 2.5x — demonstrating leverage in the model.
Strategic RE/MAX Transaction with Quantified Upside
Announced definitive agreement to acquire RE/MAX (implied enterprise value ~ $880M). RE/MAX generated ~$94M of adjusted EBITDA in 2025; transaction multiples ~9x trailing adjusted EBITDA (~7x post-synergies). Management cites $30M of cost synergies and material top‑line cross-sell potential (combined >700,000 U.S. transactions; management estimates a 1% attachment across mortgage/title could generate ~$25M and >$10M of revenue, respectively).
Product & Platform Progress
HeyLeo beta live with 450 agents and ~4,500 on the waitlist; 357 MLS ingested and on track to exceed 400 by end of Q2. Continued rollout of reZEN and Leo AI, positioning for lead-monetization and agent productivity gains.
DE:2RM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:2RM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | €8.92 | €9.31 | +4.37% |
Feb 19, 2026 | €5.85 | €5.35 | -8.55% |
Oct 30, 2025 | €6.95 | €6.50 | -6.47% |
Jul 29, 2025 | €7.05 | €7.15 | +1.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Re/Max Holdings (DE:2RM) report earnings?
Re/Max Holdings (DE:2RM) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Re/Max Holdings (DE:2RM) earnings time?
Re/Max Holdings (DE:2RM) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Re/Max Holdings stock?
The P/E ratio of Re/Max Holdings is N/A.
What is DE:2RM EPS forecast?
DE:2RM EPS forecast for the fiscal quarter 2026 (Q2) is 0.32.