RMAX
RE/MAX Holdings, Inc.7.99
-0.01-0.13%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
420.63MP/E (TTM)
12.68Basic EPS (TTM)
0.63Dividend Yield
0%Recent Filings
8-K
RE/MAX Q3 revenue dips 6.7%
RE/MAX Holdings reported Q3 2025 revenue of $73.3 million, down 6.7% from last year, with Adjusted EBITDA slipping 5.6% to $25.8 million amid a 5.1% drop in U.S. and Canada agent count to 74,198—yet global agents hit a record 147,547. Innovation shines through new AI marketing tools and flexible fee models like Appreciate and Ascend, boosting network energy. Leadership added Vic Lombardo and Tom Flanagan for mortgage and digital strategies. Q4 guidance projects revenue $69.5-$73.5 million, but U.S. declines pose retention risks.
10-Q
Q3 FY2025 results
RE/MAX Holdings posted Q3 revenue of $73.2M, down 6.7% y/y amid U.S. agent count drops, yet operating income climbed 20.4% y/y to $18.3M on lower personnel costs and a $2.1M settlement recovery. Diluted EPS hit $0.19, up from $0.05 y/y, reconciling cleanly with 20.7M weighted shares. Cash swelled to $107.5M, free cash flow (derived) at $23.3M for the nine months on $28.0M operating cash minus $4.6M capex, while $440.5M term debt at 6.8% carries a 3.41:1 leverage ratio and full $50M revolver availability. New Aspire and Ascend programs aim to stem agent churn. Ongoing antitrust appeals pose litigation risks.
8-K
RE/MAX extends revolver maturity
RE/MAX Holdings extended its revolving credit facility maturity from June 21, 2026, to April 21, 2028, via a second amendment to the July 2021 credit agreement with JPMorgan Chase as sole lender and agent. This secures $50 million in commitments through 2028, easing near-term refinancing pressures while preserving all other terms. Lenders reaffirmed existing collateral and guarantees.
8-K
Q2 revenue down, agents up globally
RE/MAX Holdings reported Q2 2025 revenue of $72.8 million, down 7.3% from last year, yet total agent count hit a record 147,073, up 2.5%, fueled by 11.5% growth outside the U.S. and Canada. Adjusted EBITDA dipped 6.4% to $26.3 million with a steady 36.1% margin, while U.S. and Canada agents fell 5.0% to 74,635 amid housing uncertainty. The network thrives globally. Full-year outlook narrows to $290.0–$296.0 million revenue and $90.0–$95.0 million Adjusted EBITDA, citing market volatility risks.
10-Q
Q2 FY2025 results
RE/MAX Holdings posted Q2 revenue of $72.8M, down 7.3% y/y yet edging up from Q1's $74.5M (derived), as U.S. agent count stabilized amid high mortgage rates squeezing affordability. Operating income held at $14.0M, off 13.2% y/y but buoyed by lower interest expense of $8.0M (down 13.2% y/y) and restructuring charges netting $2.6M in severance; net income attributable to common stockholders rose to $4.7M or $0.23 diluted EPS, up 26.4% y/y, reconciling cleanly with 20.2M shares. Cash from operations slowed to $10.2M YTD (down 59.6% y/y), yielding $6.9M free cash flow after $3.3M capex, while $94.3M cash and $50M revolver availability back $439M debt at 6.9% maturing 2028. The Aspire program launched in April to lure new agents with capped fees. Ongoing antitrust appeals pose litigation risks.
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