R
E/MAX Holdings reported a record 147,547 agents worldwide in Q3, up 1.4% YoY, with international growth of 9% offsetting a 5.1% decline in the U.S. and Canada. Revenue fell 6.7% YoY to $73.3 M, slightly above $72.8 M in Q2, reflecting weak home sales and a shrinking domestic agent base. Net income rose to $4 M from $1 M a year earlier, while adjusted EBITDA was $25.8 M, down 5.6% YoY but maintaining a 35.2% margin.

    CEO Erik Carlson highlighted the strongest U.S. agent performance in three years and introduced new Ascend and Appreciate economic models, expanding on the Aspire program to give franchisees more flexible pay and fee structures. He also announced RE/MAX Marketing as a Service, an AI‑driven platform automating listings, campaigns, and analytics. Carlson noted market consolidation, citing Compass’s acquisition of Anywhere, as a catalyst for further agent growth and strategic acceleration.

    Financial highlights: revenue $73.3 M; cash $107.5 M; net income $4 M; adjusted EBITDA $25.8 M; global agents 147,547 (U.S./Canada 74,198, international 73,349). Motto Mortgage franchises fell 10.3% to 210 offices. New senior hires include President of Mortgage Services Vic Lombardo and Chief Digital Information Officer Tom Flanagan, with Lombardo exploring variable mortgage models to boost profitability.