RE/MAX Holdings, Inc. (RMAX)
NYSEReal EstateReal Estate - ServicesSnapshot 2026-09-04
$12.36-9.25%
Close 2026-08-24 · 1-day change
NYSEReal EstateReal Estate - ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · RMAX
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -39.9% |
| Our one-year growth estimate | diamond | 1.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 40.9 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name is a smaller-cap name (higher miss base rate) and has erratic recent earnings surprises. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 12 industry peers · Company calendar date is not available
RMAX — director departure
Dated 2026-08-24
Director: The resignations were a mandatory legal consequence of the merger transaction where the board and officers were replaced by the surviving company's leadership, rather than a voluntary departure or termination.
Why it matters: A drop in Adjusted EBITDA suggests worse profits. It may also mean operational problems.
Worry ifAdjusted EBITDA was below $15 million in Q2 2026.
Less concerning ifAdjusted EBITDA is over $15 million. This shows better profits.
Why it matters: Guidance updates will show how the merger affects revenue.
Watch forManagement gives new revenue guidance that shows good merger effects.
Also watch forManagement lowered revenue guidance. This shows issues after the merger.
Why it matters: Changes in agent count can show how healthy the franchise model is. It also shows market competition.
Watch forAgent count increases in Q2 2026 compared to Q1 2026.
Also watch forAgent count decreases in Q2 2026 compared to Q1 2026.
Why it matters: Adjusted EBITDA shows how much money a company makes. Meeting guidance could mean better results.
Supportive ifAdjusted EBITDA for 2026 is more than $90 million.
Worry ifAdjusted EBITDA for 2026 is less than $90 million.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$197 on $10,000 · ±2.0% | How much price usually moves either way. |
| Bad day | $468 loss on $10,000 · 4.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,467 loss on $10,000 · 44.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The completion of this acquisition could impact RE/MAX's future growth and strategy.
Supportive ifLook for news on when the acquisition will close or good integration updates.
Worry ifLook for news on delays or issues in the acquisition process.
Why it matters: Revenue performance will show how well the merger is going and if growth plans work.
Watch forQ3 revenue grows or stays steady compared to Q2. This shows successful integration.
Also watch forQ3 revenue drops again, which suggests ongoing problems with the business model after the merger.
Why it matters: The lawsuit outcome could affect RE/MAX's finances and reputation.
Worry ifSettlement of the class action lawsuit, reducing legal risks for RE/MAX.
Less concerning ifA court ruling against RE/MAX could lead to financial problems.
Why it matters: A drop in revenue shows problems in the real estate market. It may mean deeper issues.
Worry ifQ2 2026 revenue reported below $70 million.
Less concerning ifIn Q2 2026, revenue is over $70 million. This shows signs of recovery.
Why it matters: This merger is a key growth strategy for RE/MAX. Successful completion could enhance market position and resources.
Supportive ifThe merger closes on August 24, 2026, with all closing conditions satisfied.
Worry ifThe merger does not close. This is due to unmet conditions or regulatory issues.
Why it matters: Revenue trends will show if the company can stabilize amid the merger. A significant decline would raise concerns.
Worry ifRevenue in Q3 2026 decreases more than 5% compared to Q2 2026.
Less concerning ifRevenue in Q3 2026 remains stable or increases compared to Q2 2026.
Why it matters: The merger with The Real Brokerage Inc. is key for RE/MAX's future. Approval will confirm investor support for the transition.
Supportive ifA majority of RE/MAX shareholders vote in favor of the merger.
Worry ifThe merger does not get enough votes from RE/MAX shareholders.
Why it matters: Updates on guidance can show how confident management is about the future. This is important during a merger.
Watch forManagement raises revenue guidance to over $305M for 2026. This shows they are hopeful.
Also watch forManagement lowers revenue guidance to below $285M for 2026. This shows they are worried.
Why it matters: Agent count impacts revenue and market presence. Growth or decline signals merger success.
Watch forThe number of agents goes up a lot after the merger. This shows the merger worked well.
Also watch forThe number of agents goes down or stays the same. This shows there are problems with the merger.
Why it matters: The results will impact the cash and stock distributions to RE/MAX shareholders.
Watch forFinal results show a fair mix of cash and stock for shareholders.
Also watch forResults cause major unhappiness among shareholders. This leads to stock price changes.
Why it matters: The deadline for shareholders to choose their merger option affects the merger's final plan. High participation shows strong investor trust.
Supportive ifA high percentage of shareholders submit their election forms by the deadline.
Worry ifFew people take part in the election process by the deadline.
Why it matters: Litigation could delay or derail the merger, impacting RE/MAX's future plans. A resolution will clarify the merger's path.
Worry ifCourt cases end well. This allows the merger to proceed as planned.
Less concerning ifNew court cases come up or old cases delay the merger.