Q4 2025 Re/Max Holdings Inc Earnings Call Transcript
Key Points
- RE/MAX Holdings Inc (RMAX) achieved a record-high worldwide agent count of over 148,500, with significant growth outside the US and Canada.
- The company successfully executed the largest brokerage conversion in its history, adding nearly 1,200 agents in Canada.
- RE/MAX Holdings Inc (RMAX) reported strong fourth-quarter profit and margin performance, meeting the high end of expectations.
- The company's new economic models, Aspire, Ascend, and Appreciate, are gaining traction, with Aspire already adopted by over 2,000 agents.
- The Marketing-as-a-Service platform is delivering significant engagement, with listings promoted through the platform receiving 3 times more views and 5 times more actions.
- The US agent count declined, impacting organic revenue, which decreased by 0.4% compared to the same period last year.
- The housing market remains challenging, with 2025 being the third consecutive year of a historically slow market.
- Selling, operating, and administrative expenses increased by 4.4% due to losses on asset sales and other event-related expenses.
- The company terminated several franchisees in the Motto network to maintain quality standards, reflecting challenges in the mortgage business.
- Despite improvements, the US agent count stabilization is still a work in progress, with the market conditions affecting growth.
Good morning, and welcome to the RE/MAX Holdings fourth-quarter 2025 earnings conference call and webcast. My name is Tracy, and I will be facilitating the audio portion of today's call.
At this time, I would like to turn the call over to Joe Schwartz, Senior Vice President of Finance and Investor Relations. Mr. Schwartz, please go ahead.
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Thank you, operator. Good morning, everyone, and welcome to RE/MAX Holdings fourth-quarter 2025 earnings conference call. Please visit the Investor Relations section of www.remaxholdings.com for all earnings-related materials, including our standard earnings presentation and to access the live webcast and replay of the call today. Our prepared remarks and answers to your questions in today's call may contain forward-looking statements.
Forward-looking statements include those related to agent count,
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