REMAX posts Q2 net loss of $4.3 million amid Real acquisition

REMAX Holdings Inc. reported lower revenue and earnings in the second quarter of 2026 as the franchisor prepares to be acquired by The Real Brokerage.

The Denver-based company said in a Securities and Exchange Commission filing on Thursday that total second-quarter revenue fell 5.8% year over year to $68.5 million. Revenue excluding its marketing funds declined 5.1% to $51.7 million, reflecting negative organic revenue growth of 5.1% and flat foreign currency impacts. Additionally, REMAX posted a net loss attributable to the company of $4.3 million. The firm is not holding an earnings call with investors and analysts due to the impending acquisition.

The company’s total agent count edged up 1.5% from a year earlier to 149,267 agents worldwide, according to the filing. But in the U.S. and Canada, where REMAX historically generates most of its system revenue, combined agent count fell 2.2% to 72,968.

According to the SEC filing, the deal with Real is expected to close in the second half of 2026, pending customary conditions and shareholder approval at both companies’ special meetings scheduled for Aug. 14, 2026. This comes after the Department of Justice (DOJ) granted the companies an early termination of their Hart-Scott-Rodino Antitrust Improvements (HSR) Act of 1976 waiting period for the proposed merger in mid-July.

The HSR Act is a federal law that was originally designed to strengthen antitrust enforcement, in part by giving the government advance notice of large mergers and acquisitions so they can be reviewed for competitive harm before they are completed. The act requires parties to notify both the DOJ and the Federal Trade Commission (FTC) about proposed mergers.

The Real Brokerage reported Q2 revenue of $700.6 million, up 30% year-over-year, with a net loss of $8 million, driven by $11.6 million in acquisition-related expenses for the pending REMAX deal.