I notice the filing content is cut off. I'll work with what's available, which includes the cover page, balance sheet data, and other disclosed figures. Let me check if there's sufficient substantive disclosure content (excluding boilerplate) - the balance sheet data alone provides well over 150 words of substantive content.

Real REMAX Group Inc. filed its quarterly report on Form 10-Q with the SEC for the period ended September 30, 2026, disclosing a significantly expanded balance sheet following what the filing describes as the combination of the legacy REMAX and Real businesses.

Key Highlights

  • Total assets: The company reported total assets of $1,147,383 thousand as of September 30, 2026, up from $126,829 thousand as of December 31, 2025.
  • Goodwill and intangibles: Goodwill stood at $336,908 thousand and franchise agreements, net, at $297,500 thousand, with other intangible assets, net, at $209,781 thousand, all as of September 30, 2026, compared to minimal or zero balances at December 31, 2025.
  • Long-term debt: Debt, net of current portion, was $482,602 thousand as of September 30, 2026, compared to zero at December 31, 2025.
  • Accumulated deficit: The accumulated deficit increased to $191,602 thousand as of September 30, 2026, from $112,851 thousand at December 31, 2025.
  • Shares outstanding: As of October 30, 2026, there were 37,935,794 shares of common stock outstanding, up from 21,047,840 shares issued and outstanding at December 31, 2025.
  • Cash and cash equivalents: Cash and cash equivalents were $102,526 thousand as of September 30, 2026, compared to $33,213 thousand at December 31, 2025.

Balance Sheet Reflects Expanded Scale at Real REMAX Group After Business Combination

According to the quarterly report filed with the SEC, Real REMAX Group Inc. (NASDAQ:REAX) reported total assets of $1,147,383 thousand as of September 30, 2026, a significant increase from $126,829 thousand at December 31, 2025. The filing attributes the growth in non-current assets largely to goodwill of $336,908 thousand, franchise agreements, net, of $297,500 thousand, and other intangible assets, net, of $209,781 thousand, all of which were either absent or negligible at year-end 2025. The filing references the company's efforts to "successfully integrate the legacy REMAX and Real businesses" in its cautionary disclosures.

The company disclosed total liabilities of $732,666 thousand as of September 30, 2026, compared to $75,244 thousand at December 31, 2025. A notable component is long-term debt of $482,602 thousand, net of current portion, which carried a zero balance at December 31, 2025. Current debt of $30,937 thousand was also reported. Total stockholders' equity attributable to Real REMAX Group Inc. was $414,796 thousand as of September 30, 2026, up from $51,675 thousand at December 31, 2025, with additional paid-in capital rising to $609,881 thousand from $164,187 thousand over the same period.

Common shares issued and outstanding increased to 37,710,640 as of September 30, 2026, from 21,047,840 at December 31, 2025. The company also reported treasury stock of 264,229 common shares, at a cost of $4,707 thousand, as of September 30, 2026, with no treasury shares held at December 31, 2025. The filing notes that forward-looking statements contained in the report "are subject to risks, uncertainties and assumptions" and lists factors that could cause actual results to differ materially, including "substantial indebtedness and the restrictive covenants in the credit agreement governing our senior secured credit facilities."

What Was Disclosed

Real REMAX Group Inc. filed a Form 10-Q for the quarter ended September 30, 2026, disclosing condensed consolidated balance sheet data showing a substantially larger asset base, new long-term debt, expanded goodwill and intangible assets, and an increased share count compared to December 31, 2025.