Real REMAX Group reports $67.31 million net loss in Q3 2026

Item 6. Exhibits

SIGNATURES

73

Real REMAX Group Inc . Q3 2026 Form 10-Q 2

Table of Contents

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively, "forward-looking statements"). Forward-looking statements include all statements that are not historical facts and may be identified by words such as "anticipate," "believe," "consider," "could," "estimate," "expect," "forecast," "intend," "may," "objective," "outlook," "plan," "predict," "project," "seek," "should," "strategy," "target," "will," "would," and similar expressions.

These forward-looking statements reflect our current views about future events and are subject to risks, uncertainties and assumptions. We wish to caution readers that certain important factors may have affected and could in the future affect our actual results and could cause actual results to differ significantly from what is anticipated by our forward-looking statements. The most important factors that could cause actual results to differ materially from those anticipated by our forward-looking statements include, but are not limited to adverse macroeconomic conditions; weakness or prolonged downturns in residential real estate markets; inflation and elevated interest rates; reduced availability or increased cost of mortgage financing; competitive pressures; reductions in commission rates; our ability to successfully execute our business strategies and growth initiatives; our ability to successfully integrate the legacy REMAX and Real businesses, retain agents, franchisees and key personnel, and realize anticipated synergies and other benefits from the combination; our substantial indebtedness and the restrictive covenants in the credit agreement governing our senior secured credit facilities; our ability to develop and achieve adoption of new technologies and artificial intelligence tools; information technology failures and cybersecurity incidents; adverse developments in litigation or regulatory matters; changes in laws, regulations or governmental policies; foreign currency fluctuations; the inability to attract, retain and motivate agents, franchisees, employees and other key personnel; the inability to obtain or maintain adequate insurance coverage; intellectual property risks; public health events; weather-related events and natural disasters; reputational harm and negative publicity; liquidity constraints; accounting and tax risks, including transfer pricing matters; and other risks and uncertainties described in the section entitled "Risk Factors" and elsewhere in this report.

The foregoing factors are not exhaustive and should be considered together with the other cautionary statements contained in this report and other filings with the Securities and Exchange Commission ("SEC").¹ Forward-looking statements are based on information available to management and management's good-faith beliefs as of the date on which such statements are made. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.

Except as required by applicable securities laws, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise.

Real REMAX Group Inc . Q3 2026 Form 10-Q 3

Table of Contents

PART I. – FINANCIAL INFORMATION

Item 1. Financial Statements

REAL REMAX GROUP INC.

Condensed Consolidated Balance Sheets (Unaudited)

September 30,

December 31, (in thousands, except share amounts)

2026

2025

Assets

Current assets:

Cash and cash equivalents

$

102,526

$

33,213

Restricted cash

62,306

26,338

Investments in financial assets

6,933

16,731

Accounts and notes receivable, net of allowances

58,298

20,170

Short-term financing receivables, net

11,984

6,198

Other current assets

24,161

3,033

Total current assets

266,208

105,683

Non-current assets:

Other intangible assets, net

209,781

5,856

Franchise agreements, net

297,500

—

Goodwill

336,908

8,993

Property and equipment, net

5,544

758

Long-term investments

3,087

2,250

Deferred tax assets

3,927

981

Operating lease right-of-use assets

16,846

—

Other assets, net of current portion

7,582

2,308

Total assets

$

1,147,383

$

126,829

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$

4,916

$

1,161

Accrued liabilities

112,902

38,205

Customer deposits

42,083

26,338

Deferred revenue

20,730

—

Debt

30,937

—

Operating lease liabilities

9,944

—

Other payables

8,752

9,530

Total current liabilities

230,264

75,234

Deferred tax liabilities

10

10

Debt, net of current portion

482,602

—

Deferred revenue, net of current portion

10,268

—

Operating lease liabilities, net of current portion

7,100

—

Other liabilities, net of current portion

2,422

—

Total liabilities

732,666

75,244

Stockholders' equity:

Common stock, par value $ .001 per share, 1,000,000,000 shares authorized; 37,710,640 and 21,047,840 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively *

38

21

Preferred stock, par value $ .001 per share, 100,000,000 shares authorized; none issued and outstanding as of September 30, 2026 and December 31, 2025

—

—

Additional paid-in capital

609,881

164,187

Accumulated deficit

( 191,602 )

( 112,851 )

Accumulated other comprehensive income (deficit), net of tax

1,186

318

Treasury stock, at cost, 264,229 and 0 Common Shares at September 30, 2026 and December 31, 2025, respectively

( 4,707 )

—

Total Real REMAX Group Inc. stockholders' equity

414,796

51,675

Non-controlling interest

( 79 )

( 90 )

Total stockholders' equity

414,717

51,585

Total liabilities and stockholders' equity

$

1,147,383

$

126,829

* After giving retroactive effect to a 1-for-10 reverse stock split that became effective August 24, 2026, as described in Note 2.²

See accompanying notes to unaudited condensed consolidated financial statements.

Real REMAX Group Inc . Q3 2026 Form 10-Q 4

Table of Contents

REAL REMAX GROUP INC.

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

Three Months Ended

Nine Months Ended

September 30,

September 30, (in thousands, except for per share amounts)

2026

2025

2026

2025

Revenue³

$³

727,928³

$

568,549

$

1,894,054

$

1,463,277

Cost of sales

646,172

523,692

1,711,887

1,336,623

Gross profit

81,756

44,857

182,167

126,654

General and administrative expenses

60,523

19,584

99,738

56,000

Marketing expenses

27,451

21,034

76,723

62,015

Marketing funds expense

6,718

—

6,718

—

Research and development expenses

6,499

4,712

16,999

12,637

Settlement of litigation and impairment charges

239

—

239

—

Acquisition costs and integration expenses

52,332

—

64,226

—

Total operating expenses

153,762

45,330

264,643

130,652

Operating loss

( 72,006 )

( 473 )

( 82,476 )

( 3,998 )

Other income (expenses), net

( 5,487 )

227

( 5,232 )

70

Interest income (expense)

( 5,920 )

55

( 6,588 )

166

Total other Income (expenses), net

( 11,407 )

282

( 11,820 )

236

Loss before tax

( 83,413 )

( 191 )

( 94,296 )

( 3,762 )

Tax (expense) benefit

16,190

( 89 )

15,659

( 89 )

Net loss

$

( 67,223 )

$

( 280 )

$

( 78,637 )

$

( 3,851 )

Less: net income attributable to non-controlling interest

84

167

114

51

Net loss attributable to Real REMAX Group Inc.⁴

$⁴

( 67,307⁴ )

$

( 447 )

$

( 78,751 )

$

( 3,902 )

Other comprehensive income/(loss):

Unrealized gains (losses) on available for sale investment portfolio

85

( 131 )

250

( 128 )

Foreign currency translation adjustment

746

( 59 )

618

( 188 )

Total comprehensive loss attributable to Real REMAX Group Inc.

$

( 66,476 )

$

( 637 )

$

( 77,883 )

$

( 4,218 )

Total comprehensive Income attributable to NCI

84

167

114

51

Total comprehensive loss

( 66,392 )

( 470 )

( 77,769 )

( 4,167 )

Basic Loss Per Share

$

( 2.25 )

$

( 0.02 )

$

( 3.15 )

$

( 0.18 )

Basic weighted-average shares outstanding

29,871

21,900

25,020

21,626

Diluted Loss Per Share

$

( 2.25 )

$

( 0.02 )

$

( 3.15 )

$

( 0.18 )

Diluted weighted-average shares outstanding

29,871

21,900

25,020

21,626

See accompanying notes to unaudited condensed consolidated financial statements.

Real REMAX Group Inc . Q3 2026 Form 10-Q 5

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REAL REMAX GROUP INC.

Condensed Consolidated Statements of Stockholders' Equity ( Unaudited)

Accumulated

Total Real

Additional other

REMAX Group Inc.

Non-

Total

Common stock paid-in

Accumulated comprehensive

Treasury stockholders' controlling stockholders' (in thousands)

Shares

Amount capital deficit income (deficit)

Stock equity interest equity

Balances, January 1, 2026

21,048

$

21

$

164,187

$

( 112,851 )

$

318

$

—

$

51,675

$

( 90 )

$

51,585

Net income (loss)

—

—

—

( 3,421 )

—

—

( 3,421 )

( 37 )

( 3,458 )

Total other comprehensive income (loss)

—

—

—

—

383

—

383

—

383

Contributions (distributions) to non-controlling interests

—

—

—

—

—

—

—

16

16

Exercise of stock options

16

—

53

—

—

—

53

—

53

Issuance of common stock upon settlement of RSUs, net of taxes withheld

286

—

—

—

—

—

—

—

—

Stock-based compensation

—

—

17,001

—

—

—

17,001

—

17,001

Balances, March 31, 2026

21,350

$

21

$

181,241

( 116,272 )

$

701

$

—

$

65,691

$

( 111 )

$

65,580

Net income (loss)

—

—

—

( 8,023 )

—

—

( 8,023 )

67

( 7,956 )

Total other comprehensive income (loss)

—

—

—

—

( 346 )

—

( 346 )

—

( 346 )

Contributions (distributions) to non-controlling interests

—

—

—

—

—

—

—

( 45 )

( 45 )

Exercise of stock options

3

—

39

—

—

—

39

—

39

Issuance of common stock upon settlement of RSUs, net