RE/MAX Holdings Inc. reported a total revenue of $74.5 million for the first quarter of 2025, marking a 4.9% decrease from the $78.3 million reported in the same period of 2024. Excluding the Marketing Funds, revenue decreased by 4.3% to $55.6 million, influenced by a 3.2% decline in organic growth and a 1.1% adverse impact from foreign currency movements. The company experienced a net loss of $2.0 million, an improvement from the $3.4 million loss in the first quarter of 2024. Adjusted EBITDA increased by 1.5% to $19.3 million, with an adjusted EPS of $0.24, up from $0.20 in the previous year. The total agent count rose by 2.0% to 146,126 agents. Additionally, a decrease in professional fees and certain personnel and events-related expenses contributed to reduced selling, operating, and administrative expenses, although equity-based compensation and technology expenses increased.