Fourth Quarter and Full Year 2025 Earnings February 20, 2026 ©2025 RE/MAX, LLC. Each Office Independently Owned and Operated. Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," "anticipate," "may," "will," "wo ...

Core Insights - REMAX has promoted Chris Lim to President while retaining his role as Chief Growth Officer, signaling a commitment to global expansion and innovation [1] - The company has also welcomed Pierre Montagna as Vice President of Global Sales and Lisa Sennstrom as Director of Global Sales to enhance its franchise development efforts [1] Leadership Changes - Chris Lim's promotion reflects his successful track record in driving international growth and supporting Broker/Owners and agents [1] - Lim has been instrumental in expanding the network into six additional countries and achieving an all-time high in global agent count [1] - Montagna brings expertise in brand scaling and fluency in five languages, while Sennstrom has 16 years of experience in real estate sales and operations [1] Strategic Goals - The leadership changes are part of a broader strategy to accelerate global expansion and strengthen affiliate support [1] - The company aims to enhance its competitive position and drive long-term growth through these strategic appointments [1] - REMAX currently has over 145,000 agents in more than 8,500 offices across over 120 countries and territories [1]

Core Insights - REMAX has expanded its global presence by acquiring master franchise rights in Libya and opening a new office in Baku, Azerbaijan, highlighting the brand's strength and the increasing demand for professional real estate services [1] Group 1: Expansion Details - The new REMAX Libya operations are based in Tripoli, led by local leaders Zyead Ghattour and Alhareth Ghattour, with Ali Milad as Regional Director [1] - REMAX Libya aims to introduce global professionalism to the evolving Libyan real estate market, leveraging AI-driven technology and a global referral network to enhance service standards [1] - In Azerbaijan, REMAX 1st Realty has opened a 2000 square foot office in Baku, led by entrepreneur dris Cengiz, who emphasizes the need for international standards in the rapidly growing local market [1] Group 2: Global Network and Growth - REMAX operates over 8,500 offices with more than 145,000 agents across more than 120 countries, making it one of the largest real estate brands globally [1] - The brand continues to experience strong demand for its professional real estate model, reflecting its commitment to expanding its global footprint [1] - Recent expansions include significant growth in markets such as Canada, Cote d'Ivoire, Morocco, Malaysia, and Hawaii, showcasing the brand's ongoing global growth momentum [1]

Core Insights - The 2026 REMAX R4 conference will take place in Las Vegas from February 22-25, focusing on empowering real estate agents through insights, relationships, and innovative tools [1][2]. Group 1: Event Overview - REMAX is recognized as the leading name in real estate, with over 145,000 agents across more than 8,500 offices in over 120 countries [2]. - The R4 conference is the largest global gathering for REMAX's international network of affiliates, held at the MGM Grand Hotel & Casino [2]. - The theme for this year's event is "One Global Network," aimed at enhancing business growth and international networking among agents [1]. Group 2: Leadership and Vision - REMAX CEO Erik Carlson highlighted the high energy within the REMAX network following a year of innovation and bold strategies, emphasizing the importance of learning and relationship-building at R4 [3]. - The event will feature a renewed vision and forward momentum, blending proven models with fresh ideas and major announcements [3]. Group 3: Educational Focus - Education sessions will cover key areas such as technology adoption, lead generation, business planning, consumer trends, and leadership skills [4]. - The REMAX leadership team will present recent enhancements and upcoming advancements to specific tools and platforms, reinforcing the brand's commitment to innovation [4]. Group 4: Speaker Lineup - The conference will feature over 125 industry thought leaders, including bestselling authors and experts in sales and leadership [5]. - Notable speakers include James Clear, Vanessa Van Edwards, and Ryan Estis, who will provide insights into current trends shaping the real estate industry [5]. Group 5: Networking and Entertainment - R4 will provide ample opportunities for educational and entrepreneurial advancement, alongside entertainment elements such as the R4 Fun Night featuring a Grammy Award-winning band [5].

Core Insights - REMAX held its fifth annual Global REMAX Week from October 5-11, 2025, promoting community support through various acts of service and fundraising [1][2] - The initiative encouraged affiliates worldwide to engage in charitable activities, showcasing the brand's commitment to community beyond real estate [2][6] Community Engagement - In Mongolia, REMAX organized a Blood Donation Day, with over 60 agents participating, saving an estimated 200 lives [3] - REMAX Côte d'Ivoire donated backpacks and school supplies to children, emphasizing the importance of community support [4] - REMAX Cayman Islands hosted a Breast Cancer Foundation Gala and contributed to Meals on Wheels, while REMAX Dominican Republic and Ecuador focused on animal welfare by donating pet supplies [4][5] Employee Involvement - Employees at REMAX World Headquarters participated in various initiatives, including blood donation and community clean-up efforts [5] - The collective efforts of REMAX affiliates demonstrate a strong commitment to local community support [6] Future Plans - Global REMAX Week is scheduled to return on October 4-10, 2026, continuing the tradition of community service [6] Company Overview - REMAX, a leading global real estate franchisor, operates with over 145,000 agents in nearly 9,000 offices across more than 110 countries [7] - The company has a long-standing history of community involvement, raising millions for charities annually [7]

Financial Performance - RE/MAX Holdings' revenue for Q3 2025 was $73.3 million, a decrease of $5.2 million or 6.7%, compared to $78.5 million in Q3 2024[6, 22] - Adjusted EBITDA for Q3 2025 was $25.8 million, down 5.6% compared to Q3 2024[6, 27] - Adjusted EBITDA margin increased by 40 basis points to 35.2% in Q3 2025[6, 27] - Adjusted Diluted EPS was $0.37[6] Agent Network - Total agent count increased 1.4% year-over-year to 147,547 agents as of September 30, 2025[6, 9] - Agent count in the U S and Canada combined decreased 5.1% to 74,198 agents[6] - Agents outside the U S and Canada increased 9.0% (+6,067 agents)[8] - Agents in Canada decreased 1.5% (-373 Agents)[8] - Agents in the U S decreased 6.9% (-3,630 Agents)[8] Expenses - Selling, operating, and administrative expenses decreased by $3.5 million, or 9.7%, to $32.5 million in Q3 2025, representing 58.9% of Revenue excluding Marketing Funds[23, 24] Outlook - For Q4 2025, the company expects revenue between $69.5 million and $73.5 million and Adjusted EBITDA between $19.0 million and $23.0 million[28] - For full year 2025, the company expects revenue between $290.0 million and $294.0 million and Adjusted EBITDA between $90.0 million and $94.0 million[28]

Core Insights - RE/MAX reported a revenue of $73.25 million for the quarter ended September 2025, reflecting a decrease of 6.7% year-over-year, while EPS was $0.37, down from $0.38 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $73.14 million by 0.15%, and the EPS surpassed the consensus estimate of $0.36 by 2.78% [1] Revenue Breakdown - Marketing Funds fees amounted to $18.14 million, slightly above the average estimate of $18.05 million, but down 9.7% year-over-year [4] - Continuing franchise fees were reported at $27.45 million, below the estimated $29.2 million, representing a decline of 10.9% compared to the previous year [4] - Franchise sales and other revenue reached $5.14 million, exceeding the average estimate of $4.25 million, with a year-over-year increase of 9.5% [4] - Broker fees totaled $14.9 million, surpassing the estimated $13.89 million, with a minimal decline of 0.1% year-over-year [4] - Annual dues were reported at $7.62 million, slightly below the average estimate of $7.81 million, reflecting a year-over-year decrease of 4.4% [4] Stock Performance - Over the past month, RE/MAX shares have returned -11.3%, contrasting with a +3.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - REMAX continues its global expansion with the establishment of REMAX Morocco, enhancing its presence in North Africa [1][4] - The Moroccan real estate market is experiencing rapid growth, driven by upcoming major events and increased international interest [3][5] - REMAX Morocco aims to sell over 100 franchises and recruit over 1,000 real estate sales associates, reflecting confidence in the market's potential [5][6] Company Overview - REMAX Morocco will be headquartered in Casablanca and led by Regional Owners Rachida Khalil and Bilal Dabri, who have extensive experience in business development and operations [2][4] - The REMAX brand has a significant global footprint, with over 145,000 agents in nearly 9,000 offices across more than 110 countries [8] Market Potential - The leadership team sees the 2026 Africa Cup of Nations and the 2030 FIFA World Cup as catalysts for increased investment in Morocco's property market [3][5] - The country's reputation as a top tourist destination is attracting foreign investors, particularly in second homes and rental properties [3][4] Strategic Goals - REMAX Morocco plans to leverage its global network to enhance visibility for buyers and sellers in the local market [6] - The company aims to raise the standards of the Moroccan real estate market by providing modern tools and highly trained agents [6][5]

Core Points - RE/MAX Holdings, Inc. will release its financial results for Q3 2025 on October 30, 2025, after market close [1] - A conference call and webcast will be held on October 31, 2025, at 8:30 a.m. Eastern Time for interested parties [1][2] Company Overview - RE/MAX Holdings, Inc. is a leading franchisor in the real estate industry, operating under the REMAX® brand globally and the Motto® Mortgage brand in the U.S. [4] - Founded in 1973, RE/MAX has over 145,000 agents in nearly 9,000 offices across more than 110 countries, making it the largest real estate seller by total residential transaction sides [4] - Motto Mortgage, launched in 2016, is the first national mortgage brokerage franchise brand in the U.S., with over 210 offices in more than 40 states [4]

Core Insights - U.S. home sales decreased by 1.6% year-over-year in August 2025, marking a decline of 5.5% from July 2025, coinciding with the end of a 17-month growth streak in new listings [1][2][7] - Active inventory increased by 24.4% year-over-year, although it saw a slight decrease of 0.4% from the previous month [2][14] - The median sales price rose by 1.9% year-over-year to $448,000, continuing a trend of annual price gains for 26 consecutive months [2][11] Sales Activity - Home sales in August 2025 were down 1.6% compared to August 2024 and down 5.5% from July 2025 [1][10] - The average close-to-list price ratio remained at 99%, indicating that buyers paid nearly the asking price [7][12] - Homes spent an average of 47 days on the market, which is an increase of eight days from the previous year [3][13] Inventory Trends - The number of new listings fell by 5.9% year-over-year and 9.2% month-over-month, with significant decreases in markets like Trenton, NJ (-44.8%) and Philadelphia, PA (-37.6%) [8][9] - The months' supply of inventory was stable at 2.8 months, up from 2.3 months in August 2024 [7][14] Price Trends - The median sales price across 51 metro areas was $448,000, with notable increases in markets like Manchester, NH (+9.2%) and Coeur d'Alene, ID (+9.0%) [11][12] - The markets with the lowest median sales prices included Cleveland, OH and Wichita, KS, both at $260,000 [5][6] Market Dynamics - Seasonal shifts and broader economic factors are influencing housing market activity, with affordability remaining a challenge despite improvements in mortgage rates [4] - Certain metro areas continue to provide more accessible entry points for buyers, highlighting the importance of local market conditions [4][6]