Symbols / RMAX Stock $10.59 -4.25% RE/MAX Holdings, Inc.

Real Estate • Real Estate Services • United States • NYQ
RMAX (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry Real Estate Services
CEO Mr. W. Erik Carlson
Exch · Country NYQ · United States
Market Cap 570.22M
Enterprise Value 82.12M
Income 8.15M
Sales 291.60M
FCF (ttm) 32.94M
Book/sh 22.51
Cash/sh 5.89
Employees 519
Insider 10d —
IPO Oct 02, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 26.48
Forward P/E 7.42
PEG —
P/S 1.96
P/B 0.47
P/C —
EV/EBITDA 1.09
EV/Sales 0.28
Quick Ratio 1.08
Current Ratio 1.69
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 0.40
EPS next Y 1.43
EPS Growth -75.70%
Revenue Growth -1.80%
EPS Gr Q/Q -75.20%
Rev Gr Q/Q —
Earnings (next) 2026-05-08
Earnings (prior) 2026-02-19
ROA 5.28%
ROE —
ROIC —
Gross Margin 75.02%
Oper. Margin 24.05%
Profit Margin 2.80%
Shs Outstand 21.23M
Shs Float 18.55M
Insider Own 6.98%
Instit Own 80.35%
Short Float 4.47%
Short Ratio 3.18
Short Interest 694.67K
52W High 11.62
vs 52W High -8.86%
52W Low 5.46
vs 52W Low 93.96%
Beta 1.90
Impl. Vol. 62.31%
Rel Volume 0.80
Avg Volume 655.20K
Volume 521.52K
Target (mean) $11.40
Tgt Median $11.40
Tgt Low $9.00
Tgt High $13.80
# Analysts 2
Recom Buy
Prev Close $11.06
Price $10.59
Change -4.25%
About

RE/MAX Holdings, Inc. operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. The Real Estate segment comprises real estate brokerage franchising services under the RE/MAX brand name, along with corporate-wide shared services. The Mortgage segment includes brokerage franchising services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand name; and mortgage loan processing software and services under the wemlo brand name. The Marketing Funds segment manages marketing campaigns and agent marketing technology. The company also provides the BoldTrail platform, which integrates a suite of digital products that enables agents, brokers, and teams to establish, manage, and grow client relationships; and the RE/MAX University platform, a learning hub designed to help each agent with their professional. The company was founded in 1973 and is headquartered in Denver, Colorado.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$11.40
Mean price target
2. Current target
$10.59
Latest analyst target
3. DCF / Fair value
$27.92
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$10.59
Low
$9.00
High
$13.80
Mean
$11.40

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-27 up Jones Trading Hold → Buy $14
2025-04-28 main Keefe, Bruyette & Woods Market Perform → Market Perform $9
2024-08-12 main Stephens & Co. Equal-Weight → Equal-Weight $11
2024-05-06 main Stephens & Co. Equal-Weight → Equal-Weight $9
2024-04-10 main Morgan Stanley Underweight → Underweight $7
2024-03-01 down JonesTrading Buy → Hold —
2024-02-28 main Keefe, Bruyette & Woods Market Perform → Market Perform $10
2023-12-18 down JP Morgan Neutral → Underweight $14
2023-11-07 down Morgan Stanley Equal-Weight → Underweight $9
2023-11-03 main JonesTrading Buy → Buy $18
2023-08-21 reit Stephens & Co. Equal-Weight → Equal-Weight $21
2023-08-04 reit JonesTrading Buy → Buy $22
2023-07-18 init BTIG — → Neutral —
2023-07-05 main Morgan Stanley Equal-Weight → Equal-Weight $20
2023-05-17 reit JonesTrading Buy → Buy $22
2023-05-09 main Keefe, Bruyette & Woods — → Market Perform $19
2023-05-08 reit Stephens & Co. — → Equal-Weight $21
2023-02-21 down Stephens & Co. Overweight → Equal-Weight $21
2022-11-07 main Stephens & Co. — → Overweight $26
2022-09-26 main JonesTrading — → Buy $28
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-29 PETERSON ADAM K Unknown — 1,341,378 $9.84 $14,028,770
2026-04-01 PETERSON ADAM K Beneficial Owner of more than 10% of a Class of Security — 142,693 $5.71 $822,129
2026-02-27 CARLSON WILLIAM ERIK Chief Executive Officer — 777,546 $0.00 $0
2026-02-27 CALLAHAN KARRI R Chief Financial Officer — 187,646 $0.00 $0
2026-02-27 WINDERS SUSAN L Officer — 133,012 $0.00 $0
2026-02-27 JENKINS LEAH R Officer — 34,557 $0.00 $0
2026-02-27 LOMBARDO VICTOR STEPHEN Officer — 156,725 $0.00 $0
2026-02-27 LIM CHRISTOPHER INWHAN Officer — 143,421 $0.00 $0
2026-02-19 PETERSON ADAM K Beneficial Owner of more than 10% of a Class of Security — 119,862 $6.84 $822,998
2026-01-23 LINIGER DAVID L. Director and Beneficial Owner of more than 10% of a Class of Security — 354,711 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
291.60
-5.23%
307.69
-5.52%
325.67
-7.84%
353.39
Operating Revenue
291.60
-5.23%
307.69
-5.52%
325.67
-7.84%
353.39
Cost Of Revenue
72.83
-7.78%
78.98
-5.82%
83.86
-7.15%
90.32
Reconciled Cost Of Revenue
72.83
-7.78%
78.98
-5.82%
83.86
-7.15%
90.32
Gross Profit
218.77
-4.34%
228.70
-5.42%
241.81
-8.08%
263.07
Operating Expense
173.26
-5.34%
183.04
+2.45%
178.66
-14.53%
209.05
Selling General And Administration
146.70
-3.65%
152.26
-11.24%
171.55
-1.40%
173.98
Selling And Marketing Expense
39.34
+0.70%
39.07
-24.93%
52.04
+14.03%
45.64
General And Administrative Expense
107.36
-5.15%
113.19
-5.29%
119.51
-6.37%
127.64
Salaries And Wages
86.83
-7.79%
94.17
-2.94%
97.03
-4.87%
101.99
Other Gand A
14.27
+16.35%
12.26
-17.58%
14.88
-14.16%
17.33
Other Operating Expenses
0.71
-41.35%
1.22
+104.82%
-25.30
-3503.70%
-0.70
Total Expenses
246.10
-6.08%
262.02
-0.19%
262.52
-12.31%
299.37
Operating Income
45.50
-0.36%
45.66
-27.69%
63.15
+16.89%
54.02
Total Operating Income As Reported
47.04
+17.08%
40.18
+477.75%
-10.64
-127.84%
38.21
EBITDA
77.18
+7.16%
72.02
+170.59%
26.62
-64.42%
74.80
Normalized EBITDA
74.93
-5.11%
78.96
-21.02%
99.98
+9.57%
91.25
Reconciled Depreciation
25.85
-12.56%
29.56
-8.80%
32.41
-9.38%
35.77
EBIT
51.33
+20.89%
42.46
+832.29%
-5.80
-114.85%
39.03
Total Unusual Items
2.25
+132.36%
-6.94
+90.53%
-73.36
-346.01%
-16.45
Total Unusual Items Excluding Goodwill
2.25
+132.36%
-6.94
+90.53%
-73.36
-346.01%
-16.45
Special Income Charges
1.54
+128.12%
-5.48
+92.57%
-73.78
-366.74%
-15.81
Other Special Charges
-1.54
-128.12%
5.48
-92.57%
73.78
+366.74%
15.81
Restructuring And Mergern Acquisition
—
5.48
-92.57%
73.78
+366.74%
15.81
Write Off
—
5.48
-92.57%
73.78
+366.74%
15.81
Net Income
8.15
+14.46%
7.12
+110.32%
-69.02
-1229.66%
6.11
Pretax Income
19.63
+216.58%
6.20
+114.93%
-41.54
-329.14%
18.13
Net Non Operating Interest Income Expense
-28.12
+13.53%
-32.52
-3.83%
-31.32
-61.09%
-19.44
Interest Expense Non Operating
31.70
-12.57%
36.26
+1.45%
35.74
+70.99%
20.90
Net Interest Income
-28.12
+13.53%
-32.52
-3.83%
-31.32
-61.09%
-19.44
Interest Expense
31.70
-12.57%
36.26
+1.45%
35.74
+70.99%
20.90
Interest Income Non Operating
3.58
-4.23%
3.74
-15.43%
4.42
+202.74%
1.46
Interest Income
3.58
-4.23%
3.74
-15.43%
4.42
+202.74%
1.46
Other Income Expense
2.25
+132.36%
-6.94
+90.53%
-73.36
-346.01%
-16.45
Gain On Sale Of Security
0.70
+148.25%
-1.46
-448.69%
0.42
+165.37%
-0.64
Tax Provision
6.20
+430.05%
-1.88
-103.30%
56.95
+672.58%
7.37
Tax Rate For Calcs
0.00
+50.48%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.71
+148.69%
-1.46
+90.53%
-15.41
-346.01%
-3.45
Net Income Including Noncontrolling Interests
13.43
+66.31%
8.08
+108.20%
-98.49
-1015.55%
10.76
Net Income From Continuing Operation Net Minority Interest
8.15
+14.46%
7.12
+110.32%
-69.02
-1229.66%
6.11
Net Income From Continuing And Discontinued Operation
8.15
+14.46%
7.12
+110.32%
-69.02
-1229.66%
6.11
Net Income Continuous Operations
13.43
+66.31%
8.08
+108.20%
-98.49
-1015.55%
10.76
Minority Interests
-5.28
-453.46%
-0.95
-103.24%
29.46
+734.04%
-4.65
Normalized Income
6.62
-47.53%
12.61
+213.96%
-11.06
-157.91%
19.10
Net Income Common Stockholders
8.15
+14.46%
7.12
+110.32%
-69.02
-1229.66%
6.11
Diluted EPS
—
0.37
+109.71%
-3.81
-1565.38%
0.26
Basic EPS
—
0.38
+109.97%
-3.81
-1565.38%
0.26
Basic Average Shares
—
18.78
+3.69%
18.11
-3.04%
18.68
Diluted Average Shares
—
19.29
+6.53%
18.11
-3.89%
18.84
Diluted NI Availto Com Stockholders
8.15
+14.46%
7.12
+110.32%
-69.02
-1229.66%
6.11
Depreciation Amortization Depletion Income Statement
25.85
-12.56%
29.56
-8.80%
32.41
-9.38%
35.77
Depreciation And Amortization In Income Statement
25.85
-12.56%
29.56
-8.80%
32.41
-9.38%
35.77
Rent And Landing Fees
6.26
-7.34%
6.76
-11.12%
7.60
-8.60%
8.32
Rent Expense Supplemental
6.26
-7.34%
6.76
-11.12%
7.60
-8.60%
8.32
Line Item Trend 2023-12-31
Total Assets
577.15
Current Assets
176.56
Cash Cash Equivalents And Short Term Investments
82.62
Cash And Cash Equivalents
82.62
Receivables
35.13
Accounts Receivable
33.43
Gross Accounts Receivable
44.33
Allowance For Doubtful Accounts Receivable
-10.90
Taxes Receivable
1.71
Restricted Cash
43.14
Other Current Assets
15.67
Total Non Current Assets
400.58
Net PPE
31.65
Gross PPE
44.78
Accumulated Depreciation
-13.13
Properties
0.00
Machinery Furniture Equipment
13.36
Other Properties
23.01
Leases
8.40
Goodwill And Other Intangible Assets
361.86
Goodwill
241.16
Other Intangible Assets
120.69
Non Current Accounts Receivable
—
Non Current Deferred Assets
0.00
Non Current Deferred Taxes Assets
0.00
Other Non Current Assets
7.08
Total Liabilities Net Minority Interest
653.21
Current Liabilities
149.32
Payables And Accrued Expenses
113.72
Payables
64.56
Accounts Payable
4.70
Other Payable
56.52
Current Accrued Expenses
49.17
Total Tax Payable
3.33
Income Tax Payable
0.77
Current Debt And Capital Lease Obligation
12.52
Current Debt
4.60
Other Current Borrowings
4.60
Current Capital Lease Obligation
7.92
Current Deferred Liabilities
23.08
Current Deferred Revenue
23.08
Total Non Current Liabilities Net Minority Interest
503.89
Long Term Debt And Capital Lease Obligation
471.46
Long Term Debt
439.98
Long Term Capital Lease Obligation
31.48
Tradeand Other Payables Non Current
0.00
Non Current Deferred Liabilities
28.40
Non Current Deferred Revenue
17.61
Non Current Deferred Taxes Liabilities
10.80
Other Non Current Liabilities
4.03
Stockholders Equity
411.06
Common Stock Equity
411.06
Capital Stock
0.00
Common Stock
0.00
Share Issued
18.27
Ordinary Shares Number
18.27
Treasury Shares Number
0.00
Additional Paid In Capital
550.64
Retained Earnings
-140.22
Gains Losses Not Affecting Retained Earnings
0.64
Minority Interest
-487.12
Total Equity Gross Minority Interest
-76.06
Total Capitalization
851.04
Working Capital
27.25
Invested Capital
855.64
Total Debt
483.98
Net Debt
361.96
Capital Lease Obligations
39.40
Net Tangible Assets
49.20
Tangible Book Value
49.20
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
40.88
-31.47%
59.65
+111.05%
28.26
-60.27%
71.14
Cash Flow From Continuing Operating Activities
40.88
-31.47%
59.65
+111.05%
28.26
-60.27%
71.14
Net Income From Continuing Operations
13.43
+66.31%
8.08
+108.20%
-98.49
-1015.55%
10.76
Depreciation Amortization Depletion
25.85
-12.56%
29.56
-8.80%
32.41
-9.38%
35.77
Depreciation And Amortization
25.85
-12.56%
29.56
-8.80%
32.41
-9.38%
35.77
Other Non Cash Items
-4.03
-177.14%
5.23
-92.95%
74.14
+2281.81%
-3.40
Stock Based Compensation
16.63
-11.82%
18.86
-3.49%
19.54
-11.38%
22.04
Asset Impairment Charge
3.28
+141.21%
1.36
-79.97%
6.78
-57.41%
15.93
Deferred Tax
0.31
+134.88%
-0.88
-103.67%
24.09
+2821.92%
-0.89
Deferred Income Tax
0.31
+134.88%
-0.88
-103.67%
24.09
+2821.92%
-0.89
Operating Gains Losses
—
0.19
-53.20%
0.41
-69.24%
1.32
Change In Working Capital
-14.58
-473.27%
-2.54
+91.58%
-30.21
-190.66%
-10.39
Change In Receivables
-3.94
-152.51%
7.50
+188.90%
-8.44
-402.69%
2.79
Change In Other Working Capital
-10.64
-5.91%
-10.05
+53.84%
-21.77
-2577.61%
-0.81
Change In Other Current Assets
—
0.71
-88.98%
6.46
+25.14%
5.16
Change In Other Current Liabilities
—
1.54
+107.62%
-20.25
-15.49%
-17.53
Investing Cash Flow
-7.78
-32.44%
-5.88
-4.13%
-5.64
+50.93%
-11.50
Cash Flow From Continuing Investing Activities
-7.78
-32.44%
-5.88
-4.13%
-5.64
+50.93%
-11.50
Net PPE Purchase And Sale
-7.37
-11.36%
-6.62
-3.16%
-6.42
+35.37%
-9.93
Purchase Of PPE
-7.37
-11.36%
-6.62
-3.16%
-6.42
+35.37%
-9.93
Capital Expenditure
-7.37
-11.36%
-6.62
-3.16%
-6.42
+35.37%
-9.93
Net Business Purchase And Sale
—
—
0.00
0.00
Purchase Of Business
—
—
0.00
0.00
Net Other Investing Changes
-0.41
-154.69%
0.75
-3.87%
0.78
+149.49%
-1.57
Financing Cash Flow
-10.75
-29.94%
-8.27
+76.90%
-35.82
+54.29%
-78.36
Cash Flow From Continuing Financing Activities
-10.75
-29.94%
-8.27
+76.90%
-35.82
+54.29%
-78.36
Net Issuance Payments Of Debt
-4.60
+0.00%
-4.60
+0.00%
-4.60
+0.00%
-4.60
Issuance Of Debt
—
—
0.00
0.00
Repayment Of Debt
-4.60
+0.00%
-4.60
+0.00%
-4.60
+0.00%
-4.60
Long Term Debt Issuance
—
—
0.00
0.00
Long Term Debt Payments
-4.60
+0.00%
-4.60
+0.00%
-4.60
+0.00%
-4.60
Net Long Term Debt Issuance
-4.60
+0.00%
-4.60
+0.00%
-4.60
+0.00%
-4.60
Net Common Stock Issuance
0.00
0.00
+100.00%
-3.41
+90.01%
-34.10
Common Stock Payments
0.00
0.00
+100.00%
-3.41
+90.01%
-34.10
Common Stock Dividend Paid
-0.50
+16.86%
-0.60
+95.58%
-13.55
+25.48%
-18.19
Cash Dividends Paid
-0.50
+16.86%
-0.60
+95.58%
-13.55
+25.48%
-18.19
Repurchase Of Capital Stock
0.00
0.00
+100.00%
-3.41
+90.01%
-34.10
Net Other Financing Charges
-5.65
-83.86%
-3.07
+78.44%
-14.26
+33.62%
-21.48
Changes In Cash
22.35
-50.89%
45.50
+444.82%
-13.20
+29.51%
-18.72
Effect Of Exchange Rate Changes
1.44
+172.51%
-1.98
-338.15%
0.83
+153.61%
-1.55
Beginning Cash Position
169.29
+34.61%
125.76
-8.95%
138.13
-12.80%
158.40
End Cash Position
193.07
+14.05%
169.29
+34.61%
125.76
-8.95%
138.13
Free Cash Flow
33.50
-36.82%
53.03
+142.76%
21.84
-64.31%
61.21
Interest Paid Supplemental Data
30.77
-13.43%
35.55
+2.35%
34.73
+75.18%
19.83
Income Tax Paid Supplemental Data
7.17
+7.66%
6.66
-6.26%
7.11
+8.84%
6.53
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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