Re Max Hldgs Inc Financials

RMAX

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Re Max Hldgs Inc (RMAX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 44/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Re Max Hldgs Inc has an operating margin of 16.1%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is up from 13.1% the prior year.

Growth

Re Max Hldgs Inc's revenue declined 5.2% year-over-year, from $307.7M to $291.6M. This contraction results in a growth score of 25/100.

Leverage

Re Max Hldgs Inc carries a low D/E ratio of 0.96, meaning only $0.96 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Re Max Hldgs Inc's current ratio of 1.69 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Re Max Hldgs Inc has a free cash flow margin of 11.5%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Re Max Hldgs Inc generates a 1.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from 1.7% the prior year.

Altman Z-Score Distress

1.20

Re Max Hldgs Inc scores 1.20, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

6/9

Re Max Hldgs Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

5.01x

For every $1 of reported earnings, Re Max Hldgs Inc generates $5.01 in operating cash flow ($40.9M OCF vs $8.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.5x

Re Max Hldgs Inc earns $1.5 in operating income for every $1 of interest expense ($47.0M vs $31.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$291.6M

YoY-5.2%

5Y CAGR+1.9%

10Y CAGR+5.1%

Re Max Hldgs Inc generated $291.6M in revenue in fiscal year 2025. This represents a decrease of 5.2% from the prior year.

EBITDA

$72.9M

YoY+4.5%

5Y CAGR+2.4%

10Y CAGR-1.9%

Re Max Hldgs Inc's EBITDA was $72.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.5% from the prior year.

Net Income

$8.2M

YoY+14.5%

5Y CAGR-6.2%

10Y CAGR-6.8%

Re Max Hldgs Inc reported $8.2M in net income in fiscal year 2025. This represents an increase of 14.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$33.5M

YoY-36.8%

5Y CAGR-12.1%

10Y CAGR-7.6%

Re Max Hldgs Inc generated $33.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 36.8% from the prior year.

Cash & Debt

$118.7M

YoY+22.9%

5Y CAGR+3.2%

10Y CAGR+0.7%

Re Max Hldgs Inc held $118.7M in cash against $432.2M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

16.1%

YoY+3.1pp

5Y CAGR+1.6pp

10Y CAGR-25.5pp

Re Max Hldgs Inc's operating margin was 16.1% in fiscal year 2025, reflecting core business profitability. This is up 3.1 percentage points from the prior year.

Net Margin

2.8%

YoY+0.5pp

5Y CAGR-1.4pp

10Y CAGR-6.5pp

Re Max Hldgs Inc's net profit margin was 2.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity

1.8%

YoY+0.1pp

5Y CAGR-0.4pp

10Y CAGR-1.8pp

Re Max Hldgs Inc's ROE was 1.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$7.4M

YoY+11.4%

5Y CAGR+1.3%

10Y CAGR+7.4%

Re Max Hldgs Inc invested $7.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 11.4% from the prior year.

RMAX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$291.6M-5.2%	$307.7M-5.5%	$325.7M-7.8%	$353.4M+7.2%	$329.7M+23.9%	$266.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$146.7M-3.6%	$152.3M-11.2%	$171.5M-1.4%	$174.0M-3.1%	$179.5M+39.1%	$129.0M
Operating Income	$47.0M+17.1%	$40.2M+477.7%	-$10.6M-127.8%	$38.2M+484.8%	-$9.9M-125.7%	$38.6M
Interest Expense	$31.7M-12.6%	$36.3M+1.4%	$35.7M+71.0%	$20.9M+84.3%	$11.3M+23.0%	$9.2M
Income Tax	$6.2M+430.0%	-$1.9M-103.3%	$56.9M+672.6%	$7.4M+199.8%	$2.5M-73.2%	$9.2M
Net Income	$8.2M+14.5%	$7.1M+110.3%	-$69.0M-1229.7%	$6.1M+139.1%	-$15.6M-238.8%	$11.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	$0.61

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$71.1M-2.9%	$73.2M+0.7%	$72.8M-2.3%	$74.5M+2.8%	$72.5M-7.7%	$78.5M0.0%	$78.5M+0.2%	$78.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$37.3M+15.0%	$32.5M-4.2%	$33.9M-21.2%	$43.0M+20.3%	$35.8M-0.5%	$35.9M+3.1%	$34.9M-23.7%	$45.7M
Operating Income	$9.3M-49.1%	$18.3M+30.4%	$14.0M+161.7%	$5.4M+25.7%	$4.3M-71.9%	$15.2M-6.0%	$16.2M+257.5%	$4.5M
Interest Expense	$7.7M-3.9%	$8.1M+0.9%	$8.0M+0.7%	$7.9M-7.5%	$8.6M-7.4%	$9.2M+0.6%	$9.2M-0.7%	$9.3M
Income Tax	$373K-90.2%	$3.8M+2224.5%	$163K-91.3%	$1.9M+122.4%	-$8.4M-338.4%	$3.5M+138.1%	$1.5M-2.1%	$1.5M
Net Income	$1.4M-63.9%	$4.0M-14.9%	$4.7M+339.3%	-$2.0M-133.7%	$5.8M+500.9%	$966K-73.9%	$3.7M+210.5%	-$3.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RMAX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$582.5M+0.2%	$581.6M+0.8%	$577.1M-17.0%	$695.2M-10.4%	$776.1M+42.1%	$546.4M
Current Assets	$240.1M+9.9%	$218.5M+23.8%	$176.6M-8.5%	$193.0M-8.5%	$210.8M+26.7%	$166.4M
Cash & Equivalents	$118.7M+22.9%	$96.6M+16.9%	$82.6M-24.0%	$108.7M-13.9%	$126.3M+24.6%	$101.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$239.6M+1.0%	$237.2M-1.6%	$241.2M-6.8%	$258.6M-3.9%	$269.1M+62.7%	$165.4M
Total Liabilities	$130.1M-14.5%	$152.1M-8.4%	$166.1M-22.4%	$214.1M-20.1%	$267.9M+833.2%	$28.7M
Current Liabilities	$141.8M-8.4%	$154.7M+3.6%	$149.3M+24.8%	$119.7M-18.2%	$146.2M+24.7%	$117.2M
Long-Term Debt	$432.2M-0.9%	$436.2M-0.8%	$440.0M-0.8%	$443.7M-0.8%	$447.5M+102.3%	$221.1M
Total Equity	$452.4M+5.3%	$429.5M+4.5%	$411.1M-14.6%	$481.2M-5.3%	$508.3M-1.8%	$517.7M
Retained Earnings	-$126.1M+5.7%	-$133.7M+4.6%	-$140.2M-159.7%	-$54.0M-590.4%	-$7.8M-130.5%	$25.6M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$582.5M0.0%	$582.2M+1.3%	$574.8M+0.6%	$571.4M-1.8%	$581.6M+0.5%	$578.6M+1.3%	$571.4M+0.8%	$566.7M
Current Assets	$240.1M+2.0%	$235.3M+6.5%	$220.9M+2.9%	$214.6M-1.8%	$218.5M+8.2%	$201.9M+6.9%	$188.8M+7.4%	$175.7M
Cash & Equivalents	$118.7M+10.5%	$107.5M+14.0%	$94.3M+5.8%	$89.1M-7.8%	$96.6M+15.3%	$83.8M+26.8%	$66.1M-19.5%	$82.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$239.6M+0.4%	$238.7M-0.4%	$239.5M+0.8%	$237.5M+0.1%	$237.2M-1.2%	$240.1M+0.3%	$239.5M-0.2%	$239.9M
Total Liabilities	$130.1M-3.0%	$134.1M+1.3%	$132.4M-4.0%	$137.9M-9.4%	$152.1M-2.2%	$155.5M+1.7%	$153.0M-1.1%	$154.7M
Current Liabilities	$141.8M-0.7%	$142.7M+1.5%	$140.6M-3.1%	$145.1M-6.2%	$154.7M+4.7%	$147.7M+2.8%	$143.7M-0.8%	$144.9M
Long-Term Debt	$432.2M-0.3%	$433.3M-0.2%	$434.4M-0.2%	$435.3M-0.2%	$436.2M-0.2%	$437.2M-0.2%	$438.1M-0.2%	$439.0M
Total Equity	$452.4M+1.0%	$448.1M+1.3%	$442.4M+2.1%	$433.5M+0.9%	$429.5M+1.5%	$423.1M+1.1%	$418.4M+1.6%	$412.0M
Retained Earnings	-$126.1M+1.0%	-$127.4M+3.0%	-$131.3M+3.4%	-$136.0M-1.7%	-$133.7M+4.2%	-$139.5M+0.7%	-$140.5M+2.5%	-$144.2M

RMAX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$40.9M-31.5%	$59.7M+111.1%	$28.3M-60.3%	$71.1M+67.6%	$42.4M-40.1%	$70.8M
Capital Expenditures	$7.4M+11.4%	$6.6M+3.2%	$6.4M-35.4%	$9.9M-34.8%	$15.2M+120.8%	$6.9M
Free Cash Flow	$33.5M-36.8%	$53.0M+142.8%	$21.8M-64.3%	$61.2M+125.0%	$27.2M-57.5%	$63.9M
Investing Cash Flow	-$7.8M-32.4%	-$5.9M-4.1%	-$5.6M+50.9%	-$11.5M+94.1%	-$194.9M-1011.9%	-$17.5M
Financing Cash Flow	-$10.8M-29.9%	-$8.3M+76.9%	-$35.8M+54.3%	-$78.4M-141.4%	$189.4M+626.0%	-$36.0M
Dividends Paid	$0	$0-100.0%	$13.6M-25.5%	$18.2M+2.0%	$17.8M+9.0%	$16.4M
Share Buybacks	N/A	N/A	$3.4M-90.0%	$34.1M	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$12.9M-27.2%	$17.7M+289.8%	$4.6M-19.6%	$5.7M-66.3%	$16.8M-4.6%	$17.6M+10.8%	$15.9M+69.3%	$9.4M
Capital Expenditures	$2.8M+109.3%	$1.3M-18.6%	$1.6M-4.4%	$1.7M+111.1%	$801K-38.9%	$1.3M-30.7%	$1.9M-27.8%	$2.6M
Free Cash Flow	$10.2M-38.1%	$16.4M+459.5%	$2.9M-26.0%	$4.0M-75.2%	$16.0M-1.9%	$16.3M+16.4%	$14.0M+107.0%	$6.8M
Investing Cash Flow	-$2.7M-46.6%	-$1.8M-12.3%	-$1.6M+4.4%	-$1.7M-124.6%	-$753K+26.9%	-$1.0M+38.1%	-$1.7M+31.6%	-$2.4M
Financing Cash Flow	-$1.6M-11.6%	-$1.4M-10.6%	-$1.3M+80.7%	-$6.5M-292.7%	-$1.7M-36.0%	-$1.2M-18.3%	-$1.0M+76.2%	-$4.4M
Dividends Paid	$0	$0	$0	$0	$0-100.0%	$4K-99.3%	$587K	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RMAX Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	16.1%+3.1pp	13.1%+16.3pp	-3.3%-14.1pp	10.8%+13.8pp	-3.0%-17.5pp	14.5%
Net Margin	2.8%+0.5pp	2.3%+23.5pp	-21.2%-22.9pp	1.7%+6.5pp	-4.7%-9.0pp	4.2%
Return on Equity	1.8%+0.1pp	1.7%+18.4pp	-16.8%-18.1pp	1.3%+4.3pp	-3.1%-5.2pp	2.2%
Return on Assets	1.4%+0.2pp	1.2%+13.2pp	-12.0%-12.8pp	0.9%+2.9pp	-2.0%-4.1pp	2.1%
Current Ratio	1.69+0.3	1.41+0.2	1.18-0.4	1.61+0.2	1.44+0.0	1.42
Debt-to-Equity	0.96-0.1	1.02-0.1	1.07+0.1	0.92+0.0	0.88+0.5	0.43
FCF Margin	11.5%-5.8pp	17.2%+10.5pp	6.7%-10.6pp	17.3%+9.1pp	8.3%-15.8pp	24.0%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	13.1%-11.9pp	25.0%+5.7pp	19.3%+12.1pp	7.2%+1.3pp	5.9%-13.5pp	19.4%-1.2pp	20.6%+14.8pp	5.8%
Net Margin	2.0%-3.4pp	5.4%-1.0pp	6.4%+9.1pp	-2.6%-10.6pp	8.0%+6.8pp	1.2%-3.5pp	4.7%+9.0pp	-4.3%
Return on Equity	0.3%-0.6pp	0.9%-0.2pp	1.1%+1.5pp	-0.4%-1.8pp	1.4%+1.1pp	0.2%-0.7pp	0.9%+1.7pp	-0.8%
Return on Assets	0.3%-0.4pp	0.7%-0.1pp	0.8%+1.2pp	-0.3%-1.3pp	1.0%+0.8pp	0.2%-0.5pp	0.7%+1.2pp	-0.6%
Current Ratio	1.69+0.0	1.65+0.1	1.57+0.1	1.48+0.1	1.41+0.0	1.37+0.1	1.31+0.1	1.21
Debt-to-Equity	0.96-0.0	0.97-0.0	0.98-0.0	1.00-0.0	1.02-0.0	1.03-0.0	1.05-0.0	1.07
FCF Margin	14.3%-8.1pp	22.4%+18.4pp	4.0%-1.3pp	5.3%-16.7pp	22.1%+1.3pp	20.8%+2.9pp	17.8%+9.2pp	8.6%

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Frequently Asked Questions

What is Re Max Hldgs Inc's annual revenue?

Re Max Hldgs Inc (RMAX) reported $291.6M in total revenue for fiscal year 2025. This represents a -5.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Re Max Hldgs Inc's revenue growing?

Re Max Hldgs Inc (RMAX) revenue declined by 5.2% year-over-year, from $307.7M to $291.6M in fiscal year 2025.

Is Re Max Hldgs Inc profitable?

Yes, Re Max Hldgs Inc (RMAX) reported a net income of $8.2M in fiscal year 2025, with a net profit margin of 2.8%.

What is Re Max Hldgs Inc's EBITDA?

Re Max Hldgs Inc (RMAX) had EBITDA of $72.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Re Max Hldgs Inc have?

As of fiscal year 2025, Re Max Hldgs Inc (RMAX) had $118.7M in cash and equivalents against $432.2M in long-term debt.

What is Re Max Hldgs Inc's operating margin?

Re Max Hldgs Inc (RMAX) had an operating margin of 16.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Re Max Hldgs Inc's net profit margin?

Re Max Hldgs Inc (RMAX) had a net profit margin of 2.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Re Max Hldgs Inc's return on equity (ROE)?

Re Max Hldgs Inc (RMAX) has a return on equity of 1.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Re Max Hldgs Inc's free cash flow?

Re Max Hldgs Inc (RMAX) generated $33.5M in free cash flow during fiscal year 2025. This represents a -36.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Re Max Hldgs Inc's operating cash flow?

Re Max Hldgs Inc (RMAX) generated $40.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Re Max Hldgs Inc's total assets?

Re Max Hldgs Inc (RMAX) had $582.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Re Max Hldgs Inc's capital expenditures?

Re Max Hldgs Inc (RMAX) invested $7.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Re Max Hldgs Inc's current ratio?

Re Max Hldgs Inc (RMAX) had a current ratio of 1.69 as of fiscal year 2025, which is generally considered healthy.

What is Re Max Hldgs Inc's debt-to-equity ratio?

Re Max Hldgs Inc (RMAX) had a debt-to-equity ratio of 0.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Re Max Hldgs Inc's return on assets (ROA)?

Re Max Hldgs Inc (RMAX) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Re Max Hldgs Inc's Altman Z-Score?

Re Max Hldgs Inc (RMAX) has an Altman Z-Score of 1.20, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Re Max Hldgs Inc's Piotroski F-Score?

Re Max Hldgs Inc (RMAX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Re Max Hldgs Inc's earnings high quality?

Re Max Hldgs Inc (RMAX) has an earnings quality ratio of 5.01x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Re Max Hldgs Inc cover its interest payments?

Re Max Hldgs Inc (RMAX) has an interest coverage ratio of 1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Re Max Hldgs Inc?

Re Max Hldgs Inc (RMAX) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.