Real REMAX Group Inc. announced its financial results for the third quarter of 2026. This is the first official quarterly reporting since The Real Brokerage Inc. acquired RE/MAX Holdings, Inc. in August. Revenue during the quarter grew 28% year-over-year to $727.9 million, up from $568.5 million. Adjusted EBITDA grew 66% to $33.8 million, compared to $20.4 million in the same period last year.
“The first two months since bringing together Real and REMAX have reinforced our belief in the tremendous opportunity ahead,” said Tamir Poleg, Real REMAX Chairman and Chief Executive Officer. “We’ve moved quickly to simplify the organization, improve operating efficiency and lay the foundation for a stronger, more competitive platform. While the housing market remains challenging, we are focused on what we can control: providing an unmatched value proposition, executing our integration, and delivering sustainable market share growth and margin expansion. We believe the combination of Real’s technology, collaborative culture and flexible brokerage model with REMAX’s global brand and strong franchise network positions us to create significant long-term value for our agents, franchisees and shareholders.”
REMAX US and Canada fell 3% overall from the prior year, while REMAX agent count outside of the US and Canada grew by 4%. The total number of Real agents increased 21% year-over-year and total Real transaction sides closed saw an increase of 17%. The company stated that it has experienced increased agent attrition following quarter-end and contributes this decline to continued weakness in the residential real estate market.
“Our first combined quarter reflects continued growth in our owned brokerage business and the initial earnings contribution from REMAX, alongside significant acquisition-related expenses,” said Ravi Jani, Real REMAX Chief Financial Officer. “Our 2027 outlook reflects the earnings potential of the combined company, even against a challenging housing market backdrop. With our new capital structure in place, we are prioritizing cash generation, disciplined capital allocation and deleveraging.”
The company has actioned more than $40 million in annualized gross cost savings following the acquisition, including approximately $28 million in synergies that benefit adjusted EBITDA. The company now expects to see more than $30 million in adjusted EBITDA synergies in full-year 2027, increasing to more than $40 million in full-year 2028.
In October, the company launched Leo Pro, its next-gen AI platform designed to automate workflows across marketing, lead generation, CRM and transaction management, and joined AGNT, Inc., HomeServices of America and Keller Williams as a founding member of Open Real Estate, a broker-led initiative designed to modernize residential listing data distribution and promote transparency and competition.
“Our integration efforts have focused on taking decisive action and establishing clear accountability across the organization,” said Jenna Rozenblat, Real REMAX President and Chief Integration Officer. “In just two months, we’ve actioned more than $40 million in annualized gross cost savings, exceeding our initial expectations. With the first phase of organizational restructuring largely complete, we’re now focused on technology integration, systems consolidation and initiatives to strengthen the economics and competitiveness of the REMAX franchise network. We see meaningful opportunities to build on this early progress over the coming quarters.”
The company ended the quarter with cash and cash equivalents of $102.5 million, up from $33.2 million in December 2025.
