RE/MAX Holdings, Inc.
Business
RE/MAX Holdings, Inc. is a global franchisor of real estate and mortgage brokerages under the RE/MAX and Motto Mortgage brands, operating in over 120 countries. The company franchises residential real estate brokerage offices and mortgage brokerage businesses to independent operators, providing technology platforms, marketing services, and educational programs. RE/MAX operates through Company-Owned Regions in the U.S. and Canada, Independent Regions, and Global Regions; Motto franchises mortgage brokerages in the U.S. Revenue derives from franchise fees, agent dues, and broker fees based on transaction commissions.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 292 | 308 | 326 | 353 | 330 | |
| Selling, operating and administrative expenses | 147 | 152 | 172 | 174 | 179 | |
| Marketing Funds expenses | 73 | 79 | 84 | 90 | 82 | |
| Depreciation and amortization | 26 | 30 | 32 | 36 | 31 | |
| Settlement and impairment charges | −2 | 5 | 74 | — | — | |
| Change in estimated tax receivable agreement liability | 715,000 | 1 | −25 | −702,000 | — | |
| Total operating expenses | 245 | 268 | 336 | 315 | 340 | |
| Operating income (loss) | 47 | 40 | −11 | 38 | −10 | |
| Interest expense | −32 | −36 | −36 | −21 | — | |
| Interest income | 4 | 4 | 4 | 1 | 217,000 | |
| Foreign currency transaction gains (losses) | 705,000 | −1 | 419,000 | −641,000 | −839,000 | |
| Total other expenses, net | −27 | −34 | −31 | −20 | −12 | |
| Income (loss) before provision for income taxes | 20 | 6 | −42 | 18 | −22 | |
| Provision for income taxes | −6 | 2 | −57 | −7 | −2 | |
| Net income (loss) | 13 | 8 | −98 | 11 | −25 | |
| Less: net income (loss) attributable to non-controlling interest | 5 | 954,000 | −29 | 5 | −9 | |
| Net income (loss) attributable to RE/MAX Holdings, Inc. | 8 | 7 | −69 | 6 | −16 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 119 | 97 | 83 | 109 | 126 | |
| Restricted cash | 74 | 73 | 43 | 29 | 32 | |
| Accounts and notes receivable, net of allowances | 27 | 28 | 33 | 33 | 35 | |
| Income taxes receivable | 8 | 8 | 2 | 2 | 2 | |
| Other current assets | 12 | 14 | — | — | — | |
| Total current assets | 240 | 219 | 177 | 193 | 211 | |
| Property and equipment, net of accumulated depreciation | 6 | 8 | 9 | 10 | 13 | |
| Operating lease right of use assets | 13 | 18 | 23 | 26 | 37 | |
| Franchise agreements, net | 67 | 81 | 102 | 120 | 144 | |
| Other intangible assets, net | 11 | 13 | 19 | 26 | 33 | |
| Goodwill | 240 | 237 | 241 | 259 | 269 | |
| Income taxes receivable, net of current portion | — | 355,000 | — | 754,000 | 2 | |
| Other assets, net of current portion | 6 | 6 | — | — | — | |
| Total assets | 582 | 582 | 577 | 695 | 776 | |
| Accounts payable | 4 | 6 | 5 | 6 | 5 | |
| Accrued liabilities | 101 | 111 | 107 | 71 | 97 | |
| Income taxes payable | 105,000 | 541,000 | — | — | — | |
| Deferred revenue | 21 | 23 | 23 | 28 | 27 | |
| Debt | 5 | 5 | 5 | 5 | 5 | |
| Payable pursuant to tax receivable agreements | 2 | 2 | 822,000 | 2 | 4 | |
| Operating lease liabilities | 9 | 9 | 8 | 7 | 6 | |
| Total current liabilities | 142 | 155 | 149 | 120 | 146 | |
| Debt, net of current portion | 432 | 436 | 440 | 444 | 447 | |
| Deferred tax liabilities | 8 | 8 | 11 | 13 | 15 | |
| Deferred revenue, net of current portion | 13 | 15 | 18 | 18 | 19 | |
| Operating lease liabilities, net of current portion | 14 | 23 | 31 | 38 | 46 | |
| Other liabilities, net of current portion | 3 | 3 | 4 | 6 | 7 | |
| Total liabilities | 611 | 640 | 653 | 664 | 707 | |
| Commitments and contingencies | — | — | — | — | — | |
| Additional paid-in capital | 578 | 565 | 551 | 536 | 515 | |
| Accumulated deficit | −126 | −134 | −140 | −54 | −8 | |
| Accumulated other comprehensive income (deficit), net of tax | 54,000 | −2 | 638,000 | −395,000 | 650,000 | |
| Total stockholders' equity attributable to RE/MAX Holdings, Inc. | 452 | 429 | 411 | 481 | 508 | |
| Non-controlling interest | −481 | −488 | −487 | −449 | −439 | |
| Total stockholders' equity (deficit) | −29 | −58 | −76 | 32 | 69 | |
| Total liabilities and stockholders' equity (deficit) | 582 | 582 | 577 | 695 | 776 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Equity-based compensation expense | 17 | 19 | 20 | 22 | 34 | |
| Bad debt expense | 3 | 1 | 7 | 3 | −1 | |
| Deferred income tax expense (benefit) | −455,000 | −2 | 49 | −183,000 | −3 | |
| Fair value adjustments to contingent consideration | −109,000 | −225,000 | −533,000 | −133,000 | 309,000 | |
| Non-cash settlement and impairment charges | 401,000 | 5 | 74 | — | — | |
| Net settlement payments | −6 | 5 | 55 | — | — | |
| Non-cash debt charges | 880,000 | 863,000 | 860,000 | 861,000 | 905,000 | |
| Payment of contingent consideration in excess of acquisition date fair value | — | −360,000 | — | — | — | |
| Change in estimated tax receivable agreement liability | 763,000 | 1 | −25 | — | — | |
| Other, net | 1 | −30,000 | 468,000 | 47,000 | −113,000 | |
| Accounts and notes receivable, net of allowances | −4 | 8 | −8 | 3 | 3 | |
| Payments pursuant to tax receivable agreements | −757,000 | −504,000 | −440,000 | −3 | −3 | |
| Income taxes receivable/payable | −314,000 | −7 | 298,000 | −871,000 | −10 | |
| Deferred revenue, current and noncurrent | −4 | −3 | −5 | 58,000 | 137,000 | |
| Other assets and liabilities | −7 | −674,000 | −17 | — | — | |
| Net cash provided by operating activities | 41 | 60 | 28 | 71 | 42 | |
| Purchases of property, equipment and capitalization of software | −7 | −7 | −6 | −10 | −15 | |
| Other | −408,000 | 746,000 | 776,000 | −2 | 319,000 | |
| Net cash used in investing activities | −8 | −6 | −6 | −12 | −195 | |
| Payments on debt | −5 | −5 | −5 | −5 | −227 | |
| Debt amendment costs | −245,000 | — | — | — | −4 | |
| Distributions paid to non-controlling unitholders | — | — | −9 | −14 | −14 | |
| Dividends and dividend equivalents paid to Class A common stockholders | −498,000 | −599,000 | −14 | −18 | −18 | |
| Payments related to tax withholding for share-based compensation | −5 | −3 | −4 | −7 | −5 | |
| Common shares repurchased | — | — | −3 | −34 | — | |
| Payment of contingent consideration | −791,000 | — | −1 | −1 | −869,000 | |
| Other financing | −27,000 | 1,000 | — | — | — | |
| Net cash used in financing activities | −11 | −8 | −36 | −78 | 189 | |
| Effect of exchange rate changes on cash | 1 | −2 | 831,000 | −2 | 300,000 | |
| Net decrease in cash, cash equivalents and restricted cash | 24 | 44 | −12 | −20 | 37 | |
| Cash paid for interest | 31 | 36 | 35 | 20 | 11 | |
| Net cash paid for income taxes | 7 | 7 | 7 | 7 | 15 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is RE/MAX Holdings, Inc.'s CIK number?
RE/MAX Holdings, Inc.'s SEC CIK number is 0001581091 (1581091). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find RE/MAX Holdings, Inc.'s SEC filings?
All of RE/MAX Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did RE/MAX Holdings, Inc. last report earnings?
RE/MAX Holdings, Inc. (RMAX) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-057515). This is RE/MAX Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is RE/MAX Holdings, Inc.'s most recent earnings 8-K?
RE/MAX Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0001104659-26-057515. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View RE/MAX Holdings, Inc.'s latest earnings 8-K →
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