Highlights

  • RMA Global (ASX:RMY) reported preliminary FY26 Revenue growth of 7% to $22.7 million, supported by expansion in North America.
  • The company is shifting towards brokerage-level partnerships to accelerate RateMyAgent adoption.
  • Partnerships with RE/MAX and Century 21 Canada provide access to large real estate agent networks.
  • RMA Global is focused on converting platform adoption into recurring subscription revenue and improved profitability.

RMA Global (ASX:RMY), the owner of real estate review platform RateMyAgent, is progressing a strategic shift towards larger brokerage partnerships as it seeks to accelerate growth across international markets.

The company has moved away from a primarily individual agent Acquisition approach towards working with major real estate networks, creating a pathway to access larger groups of agents more efficiently.

With expanding North American opportunities and new partnerships supporting platform adoption, RMA Global is focused on turning its growing user base into sustainable Recurring Revenue growth.

FY26 Performance

RMA Global reported preliminary FY26 revenue of $22.7 million, representing growth of 7% compared with FY25.

Australia and New Zealand revenue increased 5% to $15.5 million, while US subscription revenue continued expanding as the company strengthened its presence in the North American market.

The company’s growth has been supported by increasing adoption of RateMyAgent among real estate professionals and brokerage networks.

Earlier FY26 results showed revenue growth across multiple regions, although profitability remained under pressure as RMA Global invested in expansion initiatives.

The company continues focusing on improving operating efficiency and converting customer growth into stronger financial performance.

Brokerage Growth Strategy

A major strategic change for RMA Global has been its move towards brokerage-level partnerships.

Rather than relying primarily on individual agent acquisition, the company is targeting large real estate networks that can provide access to thousands of agents through single relationships.

The approach is designed to improve scalability, reduce customer acquisition complexity and create larger opportunities for subscription growth.

RMA Global secured partnerships with RE/MAX and Century 21 Canada, expanding access to significant agent networks across North America.

The company believes these relationships can accelerate adoption of premium RateMyAgent products among agents and teams.

North American Expansion

North America has become a major focus area for RMA Global’s growth strategy.

The US market provides a significantly larger addressable opportunity compared with Australia and New Zealand due to the scale of the real estate industry.

The company reported continued growth in US subscription revenue, supported by increasing platform adoption.

The RE/MAX Partnership provides access to a large global real estate network, while the Century 21 Canada agreement further expands RMA Global’s presence among brokerage groups.

The company is working through implementation and rollout programs, with broader premium adoption expected during FY27.

Platform Development

RateMyAgent continues evolving as a broader reputation and Marketing platform for real estate professionals.

The company has expanded its offering beyond reviews, including tools such as Social Studio, which helps agents and brokerages create digital content.

More than 70% of wholesale contracts signed during FY26 included Social Studio, highlighting opportunities to increase customer value through additional services.

The company also reported growth in agent reach, with its North American platform presence expanding significantly during the year.

This larger user base provides a foundation for future subscription conversion opportunities.

Key Focus Areas

Investors will continue monitoring the conversion of brokerage partnerships into paying subscribers.

The success of RE/MAX and Century 21 Canada rollouts will be important in determining whether the wholesale strategy can accelerate revenue growth.

Cash management will also remain a key focus as the company works towards improving profitability.

The company’s ability to increase recurring revenue while managing operating costs will determine the pace of financial improvement.

Risks

RMA Global operates in a competitive proptech market where customer acquisition, platform engagement and retention remain important challenges.

The company’s growth strategy increasingly depends on large brokerage partnerships, meaning delays or changes in major agreements could affect adoption rates.

Revenue from multi-year contracts may be recognised over time, creating potential differences between customer wins and reported revenue growth.

The company remains a smaller technology business, making Cash Management and funding flexibility important considerations.

Changes within partner organisations may also influence the timing of platform rollouts and commercial outcomes.

Future Outlook

RMA Global enters FY27 focused on scaling its brokerage partnership model and expanding its presence in international real estate markets.

The company’s relationships with RE/MAX and Century 21 Canada provide access to larger agent networks and create opportunities to accelerate RateMyAgent adoption.

The key challenge ahead is converting platform reach into recurring subscription revenue and improving profitability.

If the company can successfully execute its wholesale growth strategy while strengthening cash generation, the brokerage-focused model could provide a more scalable pathway for long-term expansion.