RE/MAX HOLDINGS, INC. (RMAX) Financials

RMAX

Trailing 12 months to June 30, 2026

Revenue $283.1M -5.0% YoY

Net Income -$3.3M -131.9% YoY

Free Cash Flow $25.8M -34.0% YoY

Operating Cash Flow $35.0M -21.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RMAX SEC filings page.

RE/MAX HOLDINGS, INC. (RMAX) reported $283.1M in revenue over the twelve months to Jun 30, 2026, down 5.0% from the prior twelve months. This page shows its 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).

Rhea AI RMAX FY2025 2026-10-04

Profitability improved despite shrinking revenue, as a leaner cost base and lower leverage reshaped how the business operates.

In FY2025, operating margin widened to 16.1%, but operating cash flow fell to $40.9M from $59.7M in FY2024. That divergence matters because free cash flow was $33.5M, down from $53.0M, so more of the reported improvement stayed above the cash-flow line.

Revenue fell from $353.4M in FY2022 to $291.6M in FY2025, so the business was not expanding through volume. Meanwhile, operating margin rose from 10.8% to 16.1%, indicating that its cost structure absorbed lower revenue rather than depending on top-line growth.

Liabilities fell from $214.1M in FY2022 to $130.1M in FY2025, reducing the balance sheet’s creditor claims. Debt-to-equity also moved from 0.4x to 0.3x, reinforcing a shift toward less debt-financed operations.

Financial Health Signals

Financial Health Score 26/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of RE/MAX HOLDINGS, INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. RE/MAX HOLDINGS, INC. scores 26/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. RE/MAX HOLDINGS, INC. scores 48/100 on it among other REITs.

Leverage

Not available for RE/MAX HOLDINGS, INC., and counted as zero in the overall score.

Interest Cov.

RE/MAX HOLDINGS, INC.'s operating income of $47.0M covered its interest expense of $31.7M 1.48 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and RE/MAX HOLDINGS, INC. scores 51/100 among other REITs.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. RE/MAX HOLDINGS, INC. scores 31/100 on it among other REITs.

Dividend Cov.

Not available for RE/MAX HOLDINGS, INC., and counted as zero in the overall score.

Piotroski F-Score Partial

4/5

RE/MAX HOLDINGS, INC. passes 4 of 5 computable financial strength tests (4 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.04x

For every $1 of reported earnings, RE/MAX HOLDINGS, INC. generates $3.04 in operating cash flow ($40.9M OCF vs $13.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.48x

RE/MAX HOLDINGS, INC. earns $1.48 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

$68.5M

YoY-5.8%

QoQ-2.4%

5Y CAGR-2.4%

10Y CAGR+4.7%

RE/MAX HOLDINGS, INC. generated $68.5M in revenue in Q2 2026. This represents a decrease of 5.8% from the same quarter a year earlier. Against the prior quarter it is down 2.4%.

EBITDA

$7.4M

YoY-64.2%

QoQ+479.0%

5Y CAGR-18.4%

10Y CAGR-11.2%

RE/MAX HOLDINGS, INC.'s EBITDA was $7.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 64.2% from the same quarter a year earlier. Against the prior quarter it is up 479.0%.

Net Income

-$4.3M

YoY-191.7%

QoQ+55.9%

RE/MAX HOLDINGS, INC. reported -$4.3M in net income in Q2 2026. This represents a decrease of 191.7% from the same quarter a year earlier. Against the prior quarter it is up 55.9%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$3.5M

YoY+19.6%

QoQ+182.3%

5Y CAGR-11.1%

10Y CAGR-12.8%

RE/MAX HOLDINGS, INC. generated $3.5M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 19.6% from the same quarter a year earlier. Against the prior quarter it is up 182.3%.

Cash & Debt

$112.4M

YoY+19.2%

QoQ+4.9%

5Y CAGR+0.9%

10Y CAGR+1.4%

RE/MAX HOLDINGS, INC. held $112.4M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Operating Margin

2.2%

YoY-17.1pp

QoQ+13.4pp

5Y change-15.3pp

10Y change-44.9pp

RE/MAX HOLDINGS, INC.'s operating margin was 2.2% in Q2 2026, reflecting core business profitability. This is down 17.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.4 percentage points.

Net Margin

-6.3%

YoY-12.7pp

QoQ+7.6pp

5Y change-13.1pp

10Y change-22.0pp

RE/MAX HOLDINGS, INC.'s net profit margin was -6.3% in Q2 2026, showing the share of revenue converted to profit. This is down 12.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.6 percentage points.

Return on Equity

-1.0%

YoY-2.0pp

QoQ+1.2pp

5Y change-2.0pp

10Y change-2.5pp

RE/MAX HOLDINGS, INC.'s ROE was -1.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$2.7M

YoY+64.7%

QoQ+9.9%

5Y CAGR-3.4%

10Y CAGR+14.0%

RE/MAX HOLDINGS, INC. invested $2.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 64.7% from the same quarter a year earlier. Against the prior quarter it is up 9.9%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

RMAX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RMAX quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$283.1M	$291.6M-5.2%	$307.7M-5.5%	$325.7M-7.8%	$353.4M+7.2%	$329.7M+23.9%	$266.0M-5.8%	$282.3M+32.8%	$212.6M+8.5%	$195.9M+11.1%	$176.3M-0.3%	$176.9M+3.4%	$171.0M+7.6%	$158.9M+10.6%	$143.7M+3.9%	$138.3M
SG&A Expenses	$149.5M	$146.7M-3.6%	$152.3M-11.2%	$171.5M-1.4%	$174.0M-3.1%	$179.5M+39.1%	$129.0M+8.2%	$119.2M-0.8%	$120.2M+12.4%	$106.9M+21.5%	$88.0M-3.8%	$91.6M-0.3%	$91.8M-4.6%	$96.2M+14.1%	$84.3M-1.1%	$85.3M
Operating Income	$21.3M	$47.0M+17.1%	$40.2M+477.7%	-$10.6M-127.8%	$38.2M+484.8%	-$9.9M-125.7%	$38.6M-44.0%	$69.0M-12.0%	$78.4M-20.3%	$98.3M+37.8%	$71.3M-3.1%	$73.6M+15.3%	$63.8M+35.6%	$47.1M+3.4%	$45.5M+18.4%	$38.5M
EBITDA	N/A	$72.9M+4.5%	$69.7M+220.3%	$21.8M-70.6%	$74.0M+245.7%	$21.4M-66.9%	$64.7M-28.7%	$90.8M-7.9%	$98.5M-17.1%	$118.8M+35.9%	$87.4M-1.4%	$88.7M+12.1%	$79.2M+27.2%	$62.2M+8.0%	$57.6M+8.9%	$52.9M
Interest Expense	$30.9M	$31.7M-12.6%	$36.3M+1.4%	$35.7M+71.0%	$20.9M+84.3%	$11.3M+23.0%	$9.2M-24.6%	$12.2M+1.5%	$12.1M+20.6%	$10.0M+16.3%	$8.6M-17.4%	$10.4M+12.0%	$9.3M-36.5%	$14.6M+25.3%	$11.7M-4.2%	$12.2M
Income Tax	$7.3M	$6.2M+430.0%	-$1.9M-103.3%	$56.9M+672.6%	$7.4M+199.8%	$2.5M-73.2%	$9.2M-16.6%	$11.0M-33.1%	$16.4M-71.5%	$57.5M+279.4%	$15.2M+26.1%	$12.0M+20.9%	$9.9M+249.8%	$2.8M+33.0%	$2.1M-1.6%	$2.2M
Net Income	-$3.3M	$13.4M+66.3%	$8.1M+108.2%	-$98.5M-1015.6%	$10.8M+143.7%	-$24.6M-318.8%	$11.3M-55.5%	$25.3M-6.8%	$27.1M+168.7%	$10.1M-54.6%	$22.2M+35.4%	$16.4M+22.1%	$13.4M+792.2%	$1.5M-95.5%	$33.3M+37.4%	$24.2M
EPS (Basic)	N/A	N/A	N/A	N/A	N/A	N/A	$0.62-56.3%	$1.42-7.2%	$1.53+163.8%	$0.58-54.0%	$1.26-3.1%	$1.30+12.1%	$1.16+792.3%	$0.13	N/A	N/A
EPS (Diluted)	—	N/A	N/A	N/A	N/A	N/A	$0.61-56.7%	$1.41-7.8%	$1.53+163.8%	$0.58-54.0%	$1.26-1.6%	$1.28+16.4%	$1.10+816.7%	$0.12	N/A	N/A
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	18M+0.2%	18M+0.3%	18M+37.8%	13M+4.8%	12M+0.1%	12M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$68.5M-5.8%	$70.2M-5.7%	$71.1M-1.8%	$73.2M-6.7%	$72.8M-7.3%	$74.5M-4.9%	$72.5M-5.4%	$78.5M-3.4%
SG&A Expenses	$32.9M-3.0%	$46.8M+8.8%	$37.3M+4.4%	$32.5M-9.7%	$33.9M-2.8%	$43.0M-5.9%	$35.8M-8.6%	$35.9M-16.6%
Operating Income	$1.5M-89.2%	-$7.8M-245.8%	$9.3M+118.2%	$18.3M+20.4%	$14.0M-13.2%	$5.4M+18.6%	$4.3M+144.0%	$15.2M+172.4%
EBITDA	$7.4M-64.2%	-$1.9M-116.3%	$15.5M+36.9%	$24.8M+10.3%	$20.6M-12.4%	$12.0M-3.4%	$11.3M+845.3%	$22.4M+275.3%
Interest Expense	$7.2M-10.2%	$234K+10.4%	$15.5M+80.5%	$8.1M-12.9%	$8.0M-13.2%	$212K-97.7%	$8.6M-8.6%	$9.2M-0.5%
Income Tax	$1.6M+855.2%	$1.6M-13.5%	$373K+104.5%	$3.8M+8.0%	$163K-88.9%	$1.9M+24.3%	-$8.4M-1945.7%	$3.5M-93.5%
Net Income	-$4.3M-191.7%	-$9.7M-397.5%	$6.7M-0.6%	$4.0M+312.6%	$4.7M+26.5%	-$2.0M+41.6%	$6.8M+116.7%	$966K+101.6%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

RMAX Balance Sheet

RMAX quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$582.5M+0.2%	$581.6M+0.8%	$577.1M-17.0%	$695.2M-10.4%	$776.1M+42.1%	$546.4M+2.9%	$530.8M+23.9%	$428.4M+3.8%	$412.8M-5.6%	$437.2M+13.9%	$383.8M+7.1%	$358.3M+1.6%	$352.8M+40.3%	$251.4M	N/A
Current Assets	$240.1M+9.9%	$218.5M+23.8%	$176.6M-8.5%	$193.0M-8.5%	$210.8M+26.7%	$166.4M+16.5%	$142.8M+63.1%	$87.5M+9.4%	$80.0M-1.5%	$81.2M-38.2%	$131.4M+0.5%	$130.8M+18.8%	$110.1M+26.4%	$87.1M	N/A
Cash & Equivalents	$118.7M+22.9%	$96.6M+16.9%	$82.6M-24.0%	$108.7M-13.9%	$126.3M+24.6%	$101.4M+22.1%	$83.0M+38.4%	$60.0M+18.0%	$50.8M-11.8%	$57.6M-47.7%	$110.2M+2.8%	$107.2M+21.3%	$88.4M+29.0%	$68.5M+77.4%	$38.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$16.6M+4.1%	$16.0M+6.3%	$15.0M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$239.6M+1.0%	$237.2M-1.6%	$241.2M-6.8%	$258.6M-3.9%	$269.1M+62.7%	$165.4M+11.3%	$148.6M+6.0%	$140.2M+3.7%	$135.2M+6.8%	$126.6M+76.2%	$71.9M-0.8%	$72.5M-0.4%	$72.8M+2.5%	$71.0M+69.6%	$41.9M
Total Liabilities	$130.1M-14.5%	$152.1M-8.4%	$166.1M-22.4%	$214.1M-20.1%	$267.9M+833.2%	$28.7M-12.2%	$32.7M+162.2%	-$52.6M-11.4%	-$47.2M-71.5%	-$27.5M+58.2%	-$65.9M-163.6%	$103.5M-6.6%	$110.9M-68.2%	$348.2M	N/A
Current Liabilities	N/A	$154.7M+3.6%	$149.3M+24.8%	$119.7M-18.2%	$146.2M	N/A	N/A	$46.9M-5.9%	$49.9M+7.2%	$46.5M-18.7%	$57.3M+34.2%	$42.7M-13.0%	$49.0M+21.6%	$40.3M	N/A
Non-Current Liabilities	-$11.7M-351.8%	-$2.6M-115.4%	$16.8M-82.2%	$94.4M-22.4%	$121.6M	N/A	N/A	-$99.5M-2.5%	-$97.1M-31.1%	-$74.1M+39.8%	-$123.1M-302.4%	$60.9M-1.6%	$61.8M-79.9%	$307.9M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$225.2M-0.6%	$226.6M-0.8%	$228.5M+23.1%	$185.6M	N/A	N/A	$221.7M	N/A
Total Equity	$452.4M+5.3%	$429.5M+4.5%	$411.1M-14.6%	$481.2M-5.3%	$508.3M-1.8%	$517.7M+3.9%	$498.1M+3.6%	$481.0M+4.5%	$460.1M-1.0%	$464.7M+3.3%	$449.7M+76.5%	$254.8M+5.3%	$242.0M+350.0%	-$96.8M+11.6%	-$109.5M
Retained Earnings	-$126.1M+5.7%	-$133.7M+4.6%	-$140.2M-159.7%	-$54.0M-590.4%	-$7.8M-130.5%	$25.6M-16.6%	$30.7M+49.5%	$20.6M+144.8%	$8.4M-47.5%	$16.0M+241.0%	$4.7M-61.0%	$12.0M+699.5%	$1.5M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$567.4M-1.3%	$572.3M+0.2%	$582.5M+0.2%	$582.2M+0.6%	$574.8M+0.6%	$571.4M+0.8%	$581.6M+0.8%	$578.6M-3.2%
Current Assets	$235.6M+6.7%	$232.9M+8.5%	$240.1M+9.9%	$235.3M+16.6%	$220.9M+17.0%	$214.6M+22.1%	$218.5M+23.8%	$201.9M+17.0%
Cash & Equivalents	$112.4M+19.2%	$107.1M+20.2%	$118.7M+22.9%	$107.5M+28.3%	$94.3M+42.8%	$89.1M+8.6%	$96.6M+16.9%	$83.8M-6.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$237.9M-0.7%	$238.9M+0.5%	$239.6M+1.0%	$238.7M-0.6%	$239.5M0.0%	$237.5M-1.0%	$237.2M-1.6%	$240.1M-7.2%
Total Liabilities	$123.5M-6.7%	$126.2M-8.5%	$130.1M-14.5%	$134.1M-13.8%	$132.4M-13.5%	$137.9M-10.9%	$152.1M-8.4%	$155.5M-14.1%
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	$154.7M+3.6%	$147.7M-2.3%
Non-Current Liabilities	-$29.6M-259.0%	-$22.0M-205.4%	-$11.7M-351.8%	-$8.7M-210.6%	-$8.2M-188.8%	-$7.2M-173.5%	-$2.6M-115.4%	$7.8M-73.7%
Total Equity	$443.9M+0.3%	$446.1M+2.9%	$452.4M+5.3%	$448.1M+5.9%	$442.4M+5.7%	$433.5M+5.2%	$429.5M+4.5%	$423.1M+1.5%
Retained Earnings	-$140.2M-6.8%	-$135.9M+0.1%	-$126.1M+5.7%	-$127.4M+8.7%	-$131.3M+6.5%	-$136.0M+5.7%	-$133.7M+4.6%	-$139.5M-8.0%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Long-Term Debt.

RMAX Cash Flow Statement

RMAX quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$35.0M	$40.9M-31.5%	$59.7M+111.1%	$28.3M-60.3%	$71.1M+67.6%	$42.4M-40.1%	$70.8M-10.3%	$79.0M+3.8%	$76.1M+20.2%	$63.3M-1.7%	$64.4M-16.8%	$77.4M+20.0%	$64.4M+28.7%	$50.1M-2.3%	$51.3M+17.6%	$43.6M
Depreciation & Amortization	N/A	$25.8M-12.6%	$29.6M-8.8%	$32.4M-9.4%	$35.8M+14.2%	$31.3M+20.0%	$26.1M+19.8%	$21.8M+8.3%	$20.1M-1.9%	$20.5M+27.5%	$16.1M+6.4%	$15.1M-1.3%	$15.3M+1.0%	$15.2M+25.4%	$12.1M-16.5%	$14.5M
Stock-Based Compensation	N/A	$16.6M-11.8%	$18.9M-3.5%	$19.5M-11.4%	$22.0M-35.7%	$34.3M+110.8%	$16.3M+48.8%	$10.9M+19.2%	$9.2M+216.4%	$2.9M+24.5%	$2.3M+60.4%	$1.5M-27.4%	$2.0M-33.2%	$3.0M+175.0%	$1.1M	N/A
Capital Expenditures	$9.1M	$7.4M+11.4%	$6.6M+3.2%	$6.4M-35.4%	$9.9M-34.8%	$15.2M+120.8%	$6.9M-47.8%	$13.2M+69.8%	$7.8M+254.3%	$2.2M-51.2%	$4.5M+24.1%	$3.6M+79.1%	$2.0M+82.9%	$1.1M-31.2%	$1.6M+75.4%	$918K
Free Cash Flow	$25.8M	$33.5M-36.8%	$53.0M+142.8%	$21.8M-64.3%	$61.2M+125.0%	$27.2M-57.5%	$63.9M-2.7%	$65.7M-3.7%	$68.3M+11.8%	$61.1M+2.0%	$59.9M-18.8%	$73.7M+18.1%	$62.4M+27.5%	$49.0M-1.4%	$49.6M+16.4%	$42.7M
Investing Cash Flow	-$9.6M	-$7.8M-32.4%	-$5.9M-4.1%	-$5.6M+50.9%	-$11.5M+94.1%	-$194.9M-1011.9%	-$17.5M-1901.1%	-$876K+97.4%	-$33.7M+11.2%	-$37.9M+67.7%	-$117.3M-7151.2%	$1.7M	N/A	-$28.6M+39.6%	-$47.4M-3418.2%	-$1.3M
Financing Cash Flow	-$9.7M	-$10.8M-29.9%	-$8.3M+76.9%	-$35.8M+54.3%	-$78.4M-141.4%	$189.4M+626.0%	-$36.0M-4.2%	-$34.5M-4.2%	-$33.2M+0.2%	-$33.2M-14676.8%	$228K+100.3%	-$75.2M	N/A	-$1.6M-106.0%	$26.0M+153.9%	-$48.1M
Dividends Paid	-$330K	$0	$0-100.0%	$13.6M-25.5%	$18.2M+2.0%	$17.8M+9.0%	$16.4M+8.5%	$15.1M+5.4%	$14.3M+11.8%	$12.8M+20.9%	$10.6M-55.9%	$24.0M+727.4%	$2.9M	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$3.4M-90.0%	$34.1M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$197.6M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$6.2M+35.6%	-$1.8M-132.6%	$12.9M-23.0%	$17.7M+0.8%	$4.6M-71.3%	$5.7M-39.7%	$16.8M+94.3%	$17.6M+1.3%
Depreciation & Amortization	$5.9M-11.1%	$5.9M-10.8%	$6.2M-12.1%	$6.4M-11.0%	$6.6M-10.8%	$6.6M-16.1%	$7.1M-13.5%	$7.2M-11.7%
Stock-Based Compensation	$4.0M+33.5%	$5.3M-16.2%	N/A	$3.0M-35.1%	$3.0M-23.9%	$6.3M+7.1%	N/A	$4.6M-5.6%
Capital Expenditures	$2.7M+64.7%	$2.4M+43.2%	$2.8M+243.6%	$1.3M+0.3%	$1.6M-14.5%	$1.7M-35.4%	$801K-63.1%	$1.3M-7.5%
Free Cash Flow	$3.5M+19.6%	-$4.3M-207.4%	$10.2M-36.4%	$16.4M+0.8%	$2.9M-79.0%	$4.0M-41.3%	$16.0M+147.1%	$16.3M+2.0%
Investing Cash Flow	-$2.7M-64.7%	-$2.4M-43.2%	-$2.7M-253.3%	-$1.8M-76.2%	-$1.6M+2.8%	-$1.7M+30.4%	-$753K+63.7%	-$1.0M+12.2%
Financing Cash Flow	-$1.2M+7.0%	-$5.6M+14.3%	-$1.6M+6.3%	-$1.4M-14.2%	-$1.3M-22.1%	-$6.5M-50.0%	-$1.7M+31.5%	-$1.2M+86.7%
Dividends Paid	$0-100.0%	$0	$0	-$330K-8350.0%	$330K-43.8%	$0	$0-100.0%	$4K-99.9%

Not reported in any period shown, so not listed: Share Buybacks.

RMAX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RMAX quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	16.1%+3.1pp	13.1%+16.3pp	-3.3%-14.1pp	10.8%+13.8pp	-3.0%-17.5pp	14.5%-9.9pp	24.4%-12.5pp	36.9%-13.3pp	50.2%+9.7pp	40.5%-1.1pp	41.6%+4.3pp	37.3%+7.7pp	29.6%-2.1pp	31.7%+3.9pp	27.8%
Net Margin	4.6%+2.0pp	2.6%+32.9pp	-30.2%-33.3pp	3.0%+10.5pp	-7.5%-11.7pp	4.2%-4.7pp	9.0%-3.8pp	12.8%+7.6pp	5.1%-7.5pp	12.6%+3.3pp	9.3%+1.4pp	7.9%+6.9pp	0.9%-22.2pp	23.2%+5.7pp	17.5%
Return on Equity	3.0%+1.1pp	1.9%+25.8pp	-24.0%-26.2pp	2.2%+7.1pp	-4.8%-7.0pp	2.2%-2.9pp	5.1%-0.6pp	5.6%+3.4pp	2.2%-2.6pp	4.8%+1.1pp	3.6%-1.6pp	5.3%+4.7pp	0.6%	N/A	N/A
Return on Assets	2.3%+0.9pp	1.4%+18.4pp	-17.1%-18.6pp	1.6%+4.7pp	-3.2%-5.2pp	2.1%-2.7pp	4.8%-1.6pp	6.3%+3.9pp	2.5%-2.6pp	5.1%+0.8pp	4.3%+0.5pp	3.8%+3.3pp	0.4%-12.8pp	13.3%	N/A
Current Ratio	N/A	1.41+0.2x	1.18-0.4x	1.61+0.2x	1.44	N/A	N/A	1.87+0.3x	1.60-0.1x	1.75-0.6x	2.30-0.8x	3.06+0.8x	2.25+0.1x	2.16	N/A
Debt-to-Equity	0.29-0.1x	0.350.0x	0.400.0x	0.44-0.1x	0.53+0.5x	0.060.0x	0.07-0.4x	0.470.0x	0.490.0x	0.49+0.1x	0.410.0x	0.41-0.1x	0.46	N/A	N/A
Asset Turnover	0.500.0x	0.530.0x	0.56+0.1x	0.51+0.1x	0.42-0.1x	0.490.0x	0.530.0x	0.500.0x	0.47+0.1x	0.40-0.1x	0.460.0x	0.480.0x	0.45-0.1x	0.57	N/A
FCF Margin	11.5%-5.8pp	17.2%+10.5pp	6.7%-10.6pp	17.3%+9.1pp	8.3%-15.8pp	24.0%+0.8pp	23.3%-8.8pp	32.1%+0.9pp	31.2%-2.8pp	34.0%-7.7pp	41.7%+5.2pp	36.5%+5.7pp	30.8%-3.7pp	34.6%+3.7pp	30.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	2.2%-17.1pp	-11.1%-18.4pp	13.1%+7.2pp	25.0%+5.6pp	19.3%-1.3pp	7.2%+1.4pp	5.9%+18.6pp	19.4%+45.2pp
Net Margin	-6.3%-12.7pp	-13.9%-11.2pp	9.4%+0.1pp	5.4%+4.2pp	6.4%+1.7pp	-2.6%+1.6pp	9.3%+62.0pp	1.2%+74.4pp
Return on Equity	-1.0%-2.0pp	-2.2%-1.7pp	1.5%-0.1pp	0.9%+0.7pp	1.1%+0.2pp	-0.4%+0.4pp	1.6%+11.4pp	0.2%+14.5pp
Return on Assets	-0.8%-1.6pp	-1.7%-1.4pp	1.1%0.0pp	0.7%+0.5pp	0.8%+0.2pp	-0.3%+0.3pp	1.2%+8.2pp	0.2%+10.1pp
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	1.41+0.2x	1.37+0.2x
Debt-to-Equity	0.280.0x	0.280.0x	0.29-0.1x	0.30-0.1x	0.30-0.1x	0.32-0.1x	0.350.0x	0.37-0.1x
Asset Turnover	0.120.0x	0.120.0x	0.120.0x	0.130.0x	0.130.0x	0.130.0x	0.120.0x	0.140.0x
FCF Margin	5.1%+1.1pp	-6.1%-11.4pp	14.3%-7.8pp	22.4%+1.7pp	4.0%-13.8pp	5.3%-3.3pp	22.1%+13.6pp	20.8%+1.1pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
RE/MAX HOLDINGS, INC. RMAX	FY2025	$291.6M	$13.4M	4.6%	$263.5M	26/100
FRP Holdings, Inc. FRPH	FY2025	$42.8M	$3.2M	7.4%	$384.5M	36/100
Anywhere Real Estate Inc. HOUS	FY2024	$5.7B	-$128.0M	-2.3%	$2.0B	8/100
Hotel101 Global Holdings Corp. HBNB	FY2025	$75.9M	-$26.7M	-35.2%	$1.1B	3/100
Transcontinental Realty Investors, Inc. TCI	FY2025	$49.1M	$13.8M	28.1%	$398.9M	22/100
Maui Land & Pineapple Co. MLP	FY2025	$19.5M	-$10.6M	-54.4%	$311.6M	4/100

Where RE/MAX HOLDINGS, INC. Ranks

Frequently Asked Questions

What is RE/MAX HOLDINGS, INC.'s annual revenue?

RE/MAX HOLDINGS, 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 HOLDINGS, INC.'s revenue growing?

RE/MAX HOLDINGS, INC. (RMAX) revenue declined by 5.2% year-over-year, from $307.7M to $291.6M in fiscal year 2025.

Is RE/MAX HOLDINGS, INC. profitable?

Yes, RE/MAX HOLDINGS, INC. (RMAX) reported a net income of $13.4M in fiscal year 2025, with a net profit margin of 4.6%.

What is RE/MAX HOLDINGS, INC.'s EBITDA?

RE/MAX HOLDINGS, INC. (RMAX) had EBITDA of $72.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is RE/MAX HOLDINGS, INC.'s operating margin?

RE/MAX HOLDINGS, 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 HOLDINGS, INC.'s net profit margin?

RE/MAX HOLDINGS, INC. (RMAX) had a net profit margin of 4.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is RE/MAX HOLDINGS, INC.'s return on equity (ROE)?

RE/MAX HOLDINGS, INC. (RMAX) has a return on equity of 3.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is RE/MAX HOLDINGS, INC.'s free cash flow?

RE/MAX HOLDINGS, 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 HOLDINGS, INC.'s operating cash flow?

RE/MAX HOLDINGS, INC. (RMAX) generated $40.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are RE/MAX HOLDINGS, INC.'s total assets?

RE/MAX HOLDINGS, INC. (RMAX) had $582.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are RE/MAX HOLDINGS, INC.'s capital expenditures?

RE/MAX HOLDINGS, INC. (RMAX) invested $7.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is RE/MAX HOLDINGS, INC.'s debt-to-equity ratio?

RE/MAX HOLDINGS, INC. (RMAX) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is RE/MAX HOLDINGS, INC.'s return on assets (ROA)?

RE/MAX HOLDINGS, INC. (RMAX) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is RE/MAX HOLDINGS, INC.'s Piotroski F-Score?

RE/MAX HOLDINGS, INC. (RMAX) has a Piotroski F-Score of 4 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are RE/MAX HOLDINGS, INC.'s earnings high quality?

RE/MAX HOLDINGS, INC. (RMAX) has an earnings quality ratio of 3.04x, 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 HOLDINGS, INC. cover its interest payments?

RE/MAX HOLDINGS, INC. (RMAX) has an interest coverage ratio of 1.48x, 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 HOLDINGS, INC.?

RE/MAX HOLDINGS, INC. (RMAX) scores 26 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.