RE/MAX Holdings, Inc
(NYSE:RMAX)

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. It operates through three segments: Real Estate, Mortgage, and Marketing Funds. The company offers its real estate franchise services under the RE/MAX bran...

Website: http://www.remax.com

Founded: 1973

Full Time Employees: 500

Sector: Real Estate

Industry: Real Estate Services

Real Estate

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At a glance:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30

revenue:
continuing franchise fees	25,791,000	27,077,000	27,445,000	28,992,000	29,351,000	29,788,000	30,798,000	30,340,000	31,085,000	31,373,000	31,834,000	32,101,000	32,076,000	32,452,000	33,310,000	34,128,000	33,499,000	33,711,000	32,464,000	26,955,000	25,374,000	24,997,000	24,339,000	16,738,000	24,143,000	24,910,000	25,168,000	24,894,000	24,956,000	25,158,000	25,495,000	25,211,000	25,240,000	24,396,000	23,049,000	23,284,000	22,965,000	21,506,000	20,938,000	19,846,000	18,907,000	18,917,000	18,905,000	18,268,000	17,660,000	18,455,000	18,523,000	18,024,000	17,704,000	17,428,000	16,093,000
annual dues	7,558,000	7,361,000	7,619,000	7,693,000	7,789,000	7,843,000	7,969,000	8,151,000	8,225,000	8,243,000	8,456,000	8,587,000	8,618,000	8,829,000	8,911,000	9,016,000	8,920,000	9,041,000	8,967,000	8,869,000	8,672,000	8,771,000	8,638,000	8,745,000	8,921,000	8,901,000	8,835,000	8,819,000	8,854,000	9,119,000	9,106,000	8,973,000	8,696,000	8,619,000	8,592,000	8,320,000	8,235,000	8,382,000	8,321,000	8,046,000	7,904,000	8,071,000	8,010,000	7,875,000	7,802,000	7,880,000	7,697,000	7,643,000	7,506,000	7,472,000	7,455,000
broker fees	12,611,000	13,907,000	14,899,000	13,454,000	11,431,000	11,657,000	14,915,000	14,528,000	10,716,000	11,544,000	14,255,000	14,321,000	10,892,000	11,941,000	16,596,000	19,317,000	15,085,000	16,805,000	19,245,000	17,453,000	11,953,000	14,701,000	15,457,000	10,426,000	9,444,000	10,651,000	13,292,000	13,459,000	8,588,000	10,202,000	13,488,000	13,993,000	9,188,000	10,887,000	12,125,000	12,555,000	8,235,000	9,107,000	10,517,000	10,384,000	7,201,000	7,346,000	9,321,000	9,247,000	6,420,000	6,832,000	8,279,000	8,016,000	5,558,000	6,107,000	7,204,000
marketing funds fees	16,866,000	17,556,000	18,142,000	18,273,000	18,864,000	18,652,000	20,098,000	20,027,000	20,206,000	20,589,000	20,853,000	21,077,000	21,342,000	21,823,000	22,736,000	22,909,000	22,851,000	22,935,000	23,269,000	18,042,000	18,145,000	17,825,000	17,290,000	11,765,000	17,522,000	17,433,000	18,034,000	18,060,000	18,772,000
franchise sales and other revenue	7,402,000	5,236,000	5,142,000	4,338,000	7,032,000	4,527,000	4,698,000	5,407,000	8,055,000	4,851,000	5,825,000	6,361,000	12,473,000	6,222,000	7,390,000	6,802,000	10,649,000	6,671,000	7,052,000	5,927,000	8,151,000	6,155,000	5,349,000	4,533,000	10,242,000	6,298,000	6,212,000	6,149,000	10,008,000	6,362,000	6,777,000	6,100,000	9,518,000
total revenue	70,228,000	71,137,000	73,247,000	72,750,000	74,467,000	72,467,000	78,478,000	78,453,000	78,287,000	76,600,000	81,223,000	82,447,000	85,401,000	81,267,000	88,943,000	92,172,000	91,004,000	89,163,000	90,997,000	77,246,000	72,295,000	72,449,000	71,073,000	52,207,000	70,272,000	68,193,000	71,541,000	71,381,000	71,178,000	50,841,000	54,866,000	54,277,000	52,642,000	49,504,000	49,377,000	48,819,000	48,229,000	44,422,000	45,559,000	43,404,000	42,917,000	43,274,000	45,110,000	44,277,000	44,207,000	42,565,000	44,240,000	42,299,000	41,880,000	40,234,000	40,312,000
yoy	-5.69%	-1.84%	-6.67%	-7.27%	-4.88%	-5.40%	-3.38%	-4.84%	-8.33%	-5.74%	-8.68%	-10.55%	-6.16%	-8.86%	-2.26%	19.32%	25.88%	23.07%	28.03%	47.96%	2.88%	6.24%	-0.65%	-26.86%	-1.27%	34.13%	30.39%	31.51%	35.21%	2.70%	11.12%	11.18%	9.15%	11.44%	8.38%	12.48%	12.38%	2.65%	1.00%	-1.97%	-2.92%	1.67%	1.97%	4.68%	5.56%	5.79%	9.74%
qoq	-1.28%	-2.88%	0.68%	-2.31%	2.76%	-7.66%	0.03%	0.21%	2.20%	-5.69%	-1.48%	-3.46%	5.09%	-8.63%	-3.50%	1.28%	2.06%	-2.02%	17.80%	6.85%	-0.21%	1.94%	36.14%	-25.71%	3.05%	-4.68%	0.22%	0.29%	40.00%	-7.34%	1.09%	3.11%	6.34%	0.26%	1.14%	1.22%	8.57%	-2.50%	4.96%	1.13%	-0.82%	-4.07%	1.88%	0.16%	3.86%	-3.79%	4.59%	1.00%	4.09%	-0.19%
operating expenses:
selling, operating and administrative expenses	46,811,000	37,333,000	32,453,000	33,888,000	43,028,000	35,770,000	35,932,000	34,851,000	45,705,000	39,131,000	43,090,000	40,212,000	49,115,000	34,964,000	49,702,000	40,781,000	47,831,000	46,282,000	51,099,000	38,816,000	43,676,000	40,757,000	28,216,000	25,348,000	34,677,000	35,162,000	24,478,000	25,726,000	33,524,000	30,043,000	27,461,000	28,307,000	34,368,000	28,005,000	31,832,000	20,637,000	26,794,000	25,230,000	20,325,000	18,842,000	23,232,000	25,461,000	20,724,000	19,730,000	25,071,000	26,526,000	20,559,000	19,475,000	25,287,000	26,155,000	22,105,000
marketing funds expenses	16,866,000	17,556,000	18,142,000	18,273,000	18,864,000	18,652,000	20,098,000	20,027,000	20,206,000	20,589,000	20,853,000	21,077,000	21,342,000	21,823,000	22,736,000	22,909,000	22,851,000	22,935,000	23,269,000	18,042,000	18,145,000	17,825,000	17,290,000	11,765,000	17,522,000	17,433,000	18,034,000	18,060,000	18,772,000
depreciation and amortization	5,875,000	6,215,000	6,443,000	6,601,000	6,589,000	7,072,000	7,237,000	7,400,000	7,852,000	8,178,000	8,195,000	8,008,000	8,033,000	8,914,000	8,757,000	9,113,000	8,985,000	9,097,000	8,582,000	6,978,000	6,937,000	7,119,000	6,850,000	6,412,000	6,310,000	5,629,000	5,595,000	5,541,000	5,558,000	5,426,000	5,608,000	5,069,000	4,575,000	4,834,000	4,286,000	5,397,000	5,995,000	4,612,000	3,889,000	3,872,000	3,721,000	3,740,000	3,765,000	3,808,000	3,811,000	3,799,000	3,767,000	3,812,000	3,938,000	4,078,000	3,656,000
settlement and impairment charges	8,500,000		-2,104,000	-57,000	619,000					18,783,000	55,000,000			7,100,000	2,513,000	2,460,000	3,735,000	412,000	45,623,000
total operating expenses	78,052,000	61,819,000	54,934,000	58,705,000	69,100,000	68,196,000	63,267,000	62,278,000	73,763,000	86,300,000	102,221,000	69,297,000	78,490,000	72,801,000	83,708,000	75,263,000	83,402,000	78,726,000	128,573,000	63,836,000	68,758,000	65,701,000	60,258,000	43,525,000	58,509,000	58,213,000	48,097,000	49,311,000	58,233,000	29,428,000	33,059,000	33,363,000	38,925,000	337,000	36,569,000	26,022,000	32,777,000	29,935,000	24,203,000	22,703,000	27,060,000	26,410,000	24,498,000	22,921,000	28,884,000	30,312,000	24,326,000	23,287,000	29,224,000	30,565,000	25,758,000
operating income	-7,824,000	9,318,000	18,313,000	14,045,000	5,367,000	4,271,000	15,211,000	16,175,000	4,524,000	-9,700,000	-20,998,000	13,150,000	6,911,000	8,466,000	5,235,000	16,909,000	7,602,000	10,437,000	-37,576,000	13,410,000	3,537,000	6,748,000	10,815,000	8,682,000	11,763,000	9,980,000	23,444,000	22,070,000	12,945,000	21,413,000	21,807,000	20,914,000	13,717,000	49,167,000	12,808,000	22,797,000	15,452,000	14,487,000	21,356,000	20,701,000	15,857,000	16,864,000	20,612,000	21,356,000	15,323,000	12,253,000	19,914,000	19,012,000	12,656,000	9,669,000	14,554,000
yoy	-245.78%	118.17%	20.39%	-13.17%	18.63%	-144.03%	-172.44%	23.00%	-34.54%	-214.58%	-501.11%	-22.23%	-9.09%	-18.88%	-113.93%	26.09%	114.93%	54.67%	-447.44%	54.46%	-69.93%	-32.38%	-53.87%	-60.66%	-9.13%	-53.39%	7.51%	5.53%	-5.63%	-56.45%	70.26%	-8.26%	-11.23%	239.39%	-40.03%	10.13%	-2.55%	-14.10%	3.61%	-3.07%	3.48%	37.63%	3.51%	12.33%	21.07%	26.72%	36.83%
qoq	-183.97%	-49.12%	30.39%	161.69%	25.66%	-71.92%	-5.96%	257.54%	-146.64%	-53.81%	-259.68%	90.28%	-18.37%	61.72%	-69.04%	122.43%	-27.16%	-127.78%	-380.21%	279.13%	-47.58%	-37.61%	24.57%	-26.19%	17.87%	-57.43%	6.23%	70.49%	-39.55%	-1.81%	4.27%	52.47%	-72.10%	283.88%	-43.82%	47.53%	6.66%	-32.16%	3.16%	30.55%	-5.97%	-18.18%	-3.48%	39.37%	25.06%	-38.47%	4.74%	50.22%	30.89%	-33.56%
operating margin %	-11.14%	13.10%	25.00%	19.31%	7.21%	5.89%	19.38%	20.62%	5.78%	-12.66%	-25.85%	15.95%	8.09%	10.42%	5.89%	18.35%	8.35%	11.71%	-41.29%	17.36%	4.89%	9.31%	15.22%	16.63%	16.74%	14.63%	32.77%	30.92%	18.19%	42.12%	39.75%	38.53%	26.06%	99.32%	25.94%	46.70%	32.04%	32.61%	46.88%	47.69%	36.95%	38.97%	45.69%	48.23%	34.66%	28.79%	45.01%	44.95%	30.22%	24.03%	36.10%
other expenses, net:
interest expense	-7,158,000	-7,740,000	-8,054,000	-7,982,000	-7,924,000	-8,562,000	-9,249,000	-9,191,000	-9,256,000	-9,364,000	-9,292,000	-8,840,000	-8,245,000	-7,491,000	-5,729,000	-4,032,000	-3,651,000	-3,807,000	-3,315,000	-2,124,000	-2,098,000	-2,195,000	-2,159,000	-2,187,000	-2,682,000	-2,831,000	-3,089,000	-3,154,000	-3,155,000	-3,106,000	-3,050,000	-3,171,000	-2,724,000	-2,582,000	-2,598,000	-2,462,000	-2,354,000	-2,103,000	-2,121,000	-2,091,000	-2,281,000	-2,965,000	-2,338,000	-2,301,000	-2,809,000	-2,288,000	-2,255,000	-2,286,000	-2,466,000	-2,594,000	-5,128,000
interest income	874,000	933,000	898,000	841,000	908,000	903,000	885,000	949,000	1,001,000	1,102,000	1,173,000	1,141,000	1,004,000	785,000	497,000	159,000	19,000	16,000	19,000	19,000	163,000	12,000	25,000	34,000	269,000	372,000	412,000	342,000	320,000	279,000	180,000	98,000	119,000	157,000	145,000	25,000	26,000	42,000	32,000	35,000	51,000	42,000	36,000	33,000	67,000	108,000	58,000	66,000	81,000	97,000	82,000
foreign currency transaction gains	16,000	371,000	94,000	-43,000	283,000	-893,000	74,000	-270,000	-372,000	36,000	125,000	215,000	43,000	-301,000	-360,000	-160,000	180,000	-21,000	-435,000	-363,000	-20,000	73,000	94,000	101,000	-270,000	43,000	-50,000	61,000	55,000	-150,000	24,000	-103,000		-115,000	273,000	39,000	-23,000	17,250	-115,000	20,000	164,000			37,000		-844,000	-811,000	836,000		-629,000	281,000
total other expenses	-6,268,000	-6,436,000	-7,062,000	-7,184,000	-6,733,000	-8,552,000	-8,290,000	-8,512,000	-8,627,000	-8,226,000	-7,994,000	-7,484,000	-7,198,000	-7,007,000	-5,592,000	-4,033,000	-3,452,000	-3,812,000	-3,995,000	-2,468,000	-1,955,000	-2,110,000	-2,040,000	-2,052,000	-2,683,000	-2,416,000	-2,727,000	-2,751,000	-2,780,000	-2,977,000	-2,846,000	-3,176,000	-2,688,000	-2,540,000	-2,180,000	-2,398,000	-2,351,000	-2,876,000	-2,204,000	-2,036,000	-2,202,000	-2,747,000	-2,142,000	-1,841,000	-4,045,000	-2,818,000	-2,743,000	-1,374,000	-2,973,000
income before provision for income taxes	-14,092,000	2,882,000	11,251,000	6,861,000	-1,366,000	-4,281,000	6,921,000	7,663,000	-4,103,000	-17,926,000	-28,992,000	5,666,000	-287,000	1,459,000	-357,000	12,876,000	4,150,000	6,625,000	-41,571,000	10,942,000	1,582,000	4,638,000	8,775,000	6,630,000	9,080,000	7,564,000	20,717,000	19,319,000	10,165,000	18,436,000	18,961,000	17,738,000	11,029,000	46,627,000	10,628,000	20,399,000	13,101,000	11,611,000	19,152,000	18,665,000	13,655,000	14,117,000	18,470,000	19,515,000	11,278,000	9,435,000	17,171,000	17,638,000	9,683,000
provision for income taxes	-1,617,000	-373,000	-3,789,000	-163,000	-1,870,000	8,361,000	-3,507,000	-1,473,000	-1,504,000	-453,000	-53,680,000	-2,422,000	-392,000	-3,012,000	-553,000	-2,601,000	-1,205,000	-1,005,000	-792,000	-696,000	58,000	-2,556,000	-2,051,000	-706,000	-3,790,000	-2,362,000	-3,453,000	-3,186,000	-1,908,000	-7,370,000	-3,420,000	-3,147,000	-1,862,000	-44,693,000	-3,091,000	-4,762,000	-3,030,000	-3,097,000	-4,632,000	-4,285,000	-3,259,000	-3,148,000	-3,277,000	-3,457,000	-2,148,000	-1,818,000	-3,116,000	-3,129,000	-1,885,000
net income	-15,709,000	2,509,000	7,462,000	6,698,000	-3,236,000	4,080,000	3,414,000	6,190,000	-5,607,000	-18,379,000	-82,672,000	3,244,000	-679,000	-1,553,000	-910,000	10,275,000	2,945,000	5,620,000	-42,363,000	10,246,000	1,640,000	2,082,000	6,724,000	5,924,000	5,290,000	5,202,000	17,264,000	16,133,000	8,257,000	11,066,000	15,541,000	14,591,000	9,167,000	1,934,000	7,537,000	15,637,000	10,071,000	8,514,000	14,520,000	14,380,000	10,396,000	10,969,000	15,193,000	16,058,000	9,130,000	7,617,000	14,055,000	14,509,000	7,798,000	5,600,000	7,697,000
yoy	385.44%	-38.50%	118.57%	8.21%	-42.29%	-122.20%	-104.13%	90.81%	725.77%	1083.45%	8984.84%	-68.43%	-123.06%	-127.63%	-97.85%	0.28%	79.57%	169.93%	-730.03%	72.96%	-69.00%	-59.98%	-61.05%	-63.28%	-35.93%	-52.99%	11.09%	10.57%	-9.93%	472.18%	106.20%	-6.69%	-8.98%	-77.28%	-48.09%	8.74%	-3.13%	-22.38%	-4.43%	-10.45%	13.87%	44.01%	8.10%	10.68%	17.08%	36.02%	82.60%
qoq	-726.11%	-66.38%	11.41%	-306.98%	-179.31%	19.51%	-44.85%	-210.40%	-69.49%	-77.77%	-2648.46%	-577.76%	-56.28%	70.66%	-108.86%	248.90%	-47.60%	-113.27%	-513.46%	524.76%	-21.23%	-69.04%	13.50%	11.98%	1.69%	-69.87%	7.01%	95.39%	-25.38%	-28.79%	6.51%	59.17%	373.99%	-74.34%	-51.80%	55.27%	18.29%	-41.36%	0.97%	38.32%	-5.22%	-27.80%	-5.39%	75.88%	19.86%	-45.81%	-3.13%	86.06%	39.25%	-27.24%
net income margin %	-22.37%	3.53%	10.19%	9.21%	-4.35%	5.63%	4.35%	7.89%	-7.16%	-23.99%	-101.78%	3.93%	-0.80%	-1.91%	-1.02%	11.15%	3.24%	6.30%	-46.55%	13.26%	2.27%	2.87%	9.46%	11.35%	7.53%	7.63%	24.13%	22.60%	11.60%	21.77%	28.33%	26.88%	17.41%	3.91%	15.26%	32.03%	20.88%	19.17%	31.87%	33.13%	24.22%	25.35%	33.68%	36.27%	20.65%	17.89%	31.77%	34.30%	18.62%	13.92%	19.09%
less: net income attributable to non-controlling interest	-5,968,000	1,069,000	3,476,000	2,013,000	-1,278,000	-1,725,000	2,448,000	2,485,000	-2,254,000	-7,472,000	-23,218,000	1,234,000	-8,000	-243,000	-1,050,000	4,446,000	1,494,000	2,511,000	-17,214,000	5,045,000	548,000	791,000	3,171,000	2,435,000	2,659,000	2,314,000	8,091,000	7,563,000	3,848,000	4,792,000	7,402,000	6,943,000	4,184,000	5,396,000	3,702,000		5,159,000	4,589,000	7,609,000	7,419,000	5,456,000	6,788,000	10,396,000	11,088,000	6,379,000	5,244,000	9,780,000	10,132,000	5,390,000
net income attributable to re/max holdings, inc.	-9,741,000	1,440,000	3,986,000	4,685,000	-1,958,000	5,805,000	966,000	3,705,000	-3,353,000	-10,907,000	-59,454,000	2,010,000	-671,000	-1,310,000	140,000	5,829,000	1,451,000	3,109,000	-25,149,000	5,201,000	1,092,000	1,291,000	3,553,000	3,489,000	2,631,000	2,888,000	9,173,000	8,570,000	4,409,000	6,274,000	8,139,000	7,648,000	4,983,000	-3,462,000	3,835,000		4,912,000	3,925,000	6,911,000	6,961,000	4,940,000	4,181,000	4,797,000	4,970,000	2,751,000	2,373,000	4,275,000	4,377,000	2,408,000
net income attributable to re/max holdings, inc. per share of class a common stock
basic	-0.48	0.07	0.2	0.23	-0.1	0.31	0.05	0.2	-0.18	-0.59	-3.28	0.11	-0.04	-0.06	0.01	0.31	0.08	0.16	-1.34	0.28	0.06	0.07	0.2	0.19	0.15	0.17	0.51	0.48	0.25	0.35	0.46	0.43	0.28	-0.2	0.22	0.43	0.28	0.22	0.39	0.39	0.28	0.28	0.39	0.41	0.23	0.21	0.37	0.38	0.21
diluted	-0.48	0.07	0.19	0.23	-0.1	0.3	0.05	0.19	-0.18	-0.59	-3.28	0.11	-0.04	-0.07	0.01	0.3	0.08	0.16	-1.34	0.27	0.06	0.07	0.19	0.19	0.15	0.16	0.51	0.48	0.25	0.35	0.46	0.43	0.28	-0.2	0.22	0.42	0.28	0.23	0.39	0.39	0.28	0.29	0.39	0.4	0.22	0.2	0.35	0.36	0.2
weighted-average shares of class a common stock outstanding
basic	20,491,629	19,845,469	20,043,339	19,967,508	19,292,210	18,780,200	18,863,793	18,853,929	18,481,848	18,111,409	18,150,557	18,124,630	17,916,841	18,678,774	18,646,306	18,997,397	18,934,424	18,690,442	18,739,564	18,719,477	18,496,532	18,170,348	18,196,454	18,123,963	17,974,264	17,812,065	17,826,332	17,808,321	17,775,381	17,737,649	17,746,184	17,746,042	17,709,095	17,688,533	17,696,991	17,696,842	17,662,842	17,628,741	17,645,696	17,636,590	17,584,351	12,671,051	12,333,690	12,225,678	11,817,605	11,611,164	11,579,669	11,593,885	11,607,971	11,607,971
diluted	20,491,629	20,400,048	20,682,749	20,174,365	19,292,210	19,293,827	19,483,798	19,003,962	18,481,848	18,111,409	18,150,557	18,387,669	17,916,841	18,844,696	18,876,863	19,153,349	19,211,603	18,690,442	18,739,564	18,941,343	18,866,727	18,324,246	18,368,051	18,146,886	18,033,631	17,867,752	17,840,158	17,833,958	17,817,620	17,767,499	17,771,212	17,769,641	17,762,133	17,731,800	17,737,786	17,723,802	17,716,013	17,677,768	17,691,641	17,668,995	17,638,667	12,829,214	12,420,748	12,399,527	12,293,505	12,241,977	12,229,010	12,230,014	12,254,474	12,234,905
gain on reduction in tax receivable agreement liability										-381,000	-24,917,000
cash dividends declared per share of class a common stock											0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.22	0.22	0.22	0.22	0.21	0.21	0.21	0.21	0.2	0.2	0.2	0.2	0.18	0.18	0.18	0.18	0.15	0.15	0.15	0.15	0.125	0.125	0.125	1.625	0.063	0.063	0.063	0.063
loss on early extinguishment of debt																			-264,000																			-660,000			-136,000				-94,000			-178,000			-1,664,000
impairment charge - leased assets																							7,902,000
loss on sale or disposition of assets																										-11,000	-10,000	-16,000	379,000	104,000	-10,000			234,000	451,000	-12,000	-12,000	93,000	-11,000	-11,000	107,000	-2,791,000	9,000		2,000	-13,000
gain on sale or disposition of assets																																-13,000	-18,000											-617,000					-1,000
foreign currency transaction losses																																	-83,000									-76,000	-201,000		-1,421,000				-529,000
franchise sales and other franchise revenue																																		5,602,000	5,611,000	4,660,000	8,794,000	5,427,000	5,783,000	5,128,000	8,793,000	5,933,000	5,624,000	5,485,000	8,426,000	5,505,000	5,472,000	4,554,000	7,909,000	5,751,000	5,076,000
brokerage revenue																																									112,000	3,007,000	3,250,000	3,402,000	3,899,000	3,893,000	4,269,000	4,062,000	3,203,000	3,476,000	4,484,000
less: net income attributable to non-controlling interest																																				8,108,000
net income attributable to re/max holdings, inc.																																				7,529,000
net income attributable to re/max holdings, inc. per share of class a common stock
basic	-0.48	0.07	0.2	0.23	-0.1	0.31	0.05	0.2	-0.18	-0.59	-3.28	0.11	-0.04	-0.06	0.01	0.31	0.08	0.16	-1.34	0.28	0.06	0.07	0.2	0.19	0.15	0.17	0.51	0.48	0.25	0.35	0.46	0.43	0.28	-0.2	0.22	0.43	0.28	0.22	0.39	0.39	0.28	0.28	0.39	0.41	0.23	0.21	0.37	0.38	0.21
diluted	-0.48	0.07	0.19	0.23	-0.1	0.3	0.05	0.19	-0.18	-0.59	-3.28	0.11	-0.04	-0.07	0.01	0.3	0.08	0.16	-1.34	0.27	0.06	0.07	0.19	0.19	0.15	0.16	0.51	0.48	0.25	0.35	0.46	0.43	0.28	-0.2	0.22	0.42	0.28	0.23	0.39	0.39	0.28	0.29	0.39	0.4	0.22	0.2	0.35	0.36	0.2
weighted-average shares of class a common stock outstanding
basic	20,491,629	19,845,469	20,043,339	19,967,508	19,292,210	18,780,200	18,863,793	18,853,929	18,481,848	18,111,409	18,150,557	18,124,630	17,916,841	18,678,774	18,646,306	18,997,397	18,934,424	18,690,442	18,739,564	18,719,477	18,496,532	18,170,348	18,196,454	18,123,963	17,974,264	17,812,065	17,826,332	17,808,321	17,775,381	17,737,649	17,746,184	17,746,042	17,709,095	17,688,533	17,696,991	17,696,842	17,662,842	17,628,741	17,645,696	17,636,590	17,584,351	12,671,051	12,333,690	12,225,678	11,817,605	11,611,164	11,579,669	11,593,885	11,607,971	11,607,971
diluted	20,491,629	20,400,048	20,682,749	20,174,365	19,292,210	19,293,827	19,483,798	19,003,962	18,481,848	18,111,409	18,150,557	18,387,669	17,916,841	18,844,696	18,876,863	19,153,349	19,211,603	18,690,442	18,739,564	18,941,343	18,866,727	18,324,246	18,368,051	18,146,886	18,033,631	17,867,752	17,840,158	17,833,958	17,817,620	17,767,499	17,771,212	17,769,641	17,762,133	17,731,800	17,737,786	17,723,802	17,716,013	17,677,768	17,691,641	17,668,995	17,638,667	12,829,214	12,420,748	12,399,527	12,293,505	12,241,977	12,229,010	12,230,014	12,254,474	12,234,905
equity in earnings of investees																																										252,000	361,000	390,000	212,000	206,000	265,000	188,000	-59,000	168,000	274,000
comprehensive income:
change in cumulative translation adjustment																																														-59,000	-245,000	186,000	-177,000	-192,000	114,000
other comprehensive income																																														-59,000	-245,000	186,000		-46,000	114,000
comprehensive income																																														9,031,500	13,810,000	14,695,000	7,621,000
less: comprehensive income attributable to non-controlling interest																																														6,289,000	9,632,000	10,244,000	5,283,000
comprehensive income attributable to re/max holdings, inc.																																														2,742,500	4,178,000	4,451,000	2,338,000
other comprehensive loss																																																	-177,000
(gain) loss on sale of assets																																																		10,250	-3,000
other incomes, net:
total other incomes																																																		-3,256,500	-6,155,000
income before benefit from income taxes																																																		6,096,250	8,399,000
benefit from income taxes																																																		-433,250	-702,000
accretion of class a preferred units to estimated redemption amounts																																																		16,905,500	-12,050,000
net income related to rmco, llc class b common unitholders																																																		-11,242,500	19,747,000
other comprehensive income:
total comprehensive income related to rmco, llc class b common unitholders																																																		-11,288,500	19,861,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30

assets
current assets:
cash and cash equivalents	107,126,000	118,736,000	107,476,000	94,313,000	89,107,000	96,619,000	83,779,000	66,064,000	82,077,000	82,623,000	89,820,000	96,757,000	96,754,000	108,663,000	117,899,000	118,132,000	118,495,000	126,270,000	119,446,000	107,252,000	102,632,000	101,355,000	89,135,000	84,545,000	80,905,000	83,001,000	87,763,000	72,486,000	64,771,000	59,974,000	51,263,000	39,839,000	30,103,000	50,807,000	83,936,000	70,317,000	64,638,000	57,609,000	101,981,000	97,574,000	95,673,000	110,212,000	95,370,000	80,276,000	114,546,000	107,199,000	98,128,000	84,620,000	97,169,000	88,375,000	73,482,000
restricted cash	75,496,000	74,332,000	76,240,000	75,479,000	77,799,000	72,668,000	72,599,000	74,610,000	45,359,000	43,140,000	30,993,000	17,679,000	27,329,000	29,465,000	31,399,000	35,677,000	36,889,000	32,129,000	25,150,000	14,425,000	21,500,000	19,872,000	15,635,000	14,752,000	24,195,000	20,600,000	19,118,000	23,627,000	33,227,000
accounts and notes receivable	28,241,000	26,944,000	31,650,000	31,422,000	28,748,000	27,807,000	30,598,000	32,610,000	33,182,000	33,427,000	33,892,000	35,233,000	33,284,000	32,518,000	34,484,000	36,198,000	34,608,000	34,611,000	35,295,000	31,093,000	29,544,000	29,985,000	30,003,000	29,732,000	27,289,000	28,644,000	30,722,000	32,206,000	29,080,000	21,185,000	21,566,000	23,527,000	21,121,000	21,304,000	19,002,000	20,580,000	20,406,000	19,419,000	17,662,000	19,276,000	17,173,000	16,769,000	17,948,000	19,455,000	18,259,000	16,641,000	17,645,000	19,228,000	17,607,000	15,980,000	16,385,000
income taxes receivable	7,937,000	8,188,000	7,659,000	9,242,000	7,207,000	7,592,000	1,693,000	4,122,000	2,015,000	1,706,000	2,020,000	1,595,000	1,561,000	2,138,000	2,781,000	2,421,000	1,750,000	1,754,000	2,459,000	2,417,000	2,158,000	1,222,000	718,000	639,000	1,576,000	896,000	1,508,000	1,669,000	1,188,000	533,000	760,000	1,731,000	753,000	870,000	1,747,000	2,193,000			672,000	981,000			321,000	1,340,000	1,214,000	765,000	1,187,000	1,194,000
other current assets	14,089,000	11,940,000	12,294,000	10,442,000	11,759,000	13,825,000	13,224,000	11,369,000	13,100,000	15,669,000	15,828,000	15,713,000	18,216,000	20,178,000	20,112,000	17,217,000	18,873,000	16,010,000	19,248,000	13,343,000	14,715,000	13,938,000	12,484,000	9,773,000	10,810,000	9,638,000	12,165,000	8,474,000	7,471,000	5,855,000	5,265,000	5,207,000	4,775,000	6,924,000	5,357,000	2,972,000	2,968,000	4,186,000	3,627,000	3,117,000	2,831,000	7,411,000	4,424,000	3,839,000	3,674,000	5,237,000	3,715,000	3,244,000	3,767,000	5,010,000	2,733,000
total current assets	232,889,000	240,140,000	235,319,000	220,898,000	214,620,000	218,511,000	201,893,000	188,775,000	175,733,000	176,565,000	172,553,000	166,977,000	177,144,000	192,962,000	206,675,000	209,645,000	210,615,000	210,774,000	201,598,000	168,530,000	170,549,000	166,372,000	147,975,000	139,441,000	144,775,000	142,779,000	151,276,000	138,462,000	135,737,000	87,547,000	78,854,000	70,304,000	56,752,000	79,905,000	110,042,000	96,062,000	88,012,000	81,214,000	123,942,000	120,948,000	115,677,000	134,746,000	118,167,000	105,005,000	138,947,000	130,766,000	121,406,000	109,289,000	119,407,000	110,080,000	93,628,000
property and equipment	5,674,000	5,996,000	6,438,000	6,896,000	7,085,000	7,578,000	8,295,000	8,583,000	8,936,000	8,633,000	8,419,000	8,768,000	9,249,000	9,793,000	9,759,000	10,467,000	10,482,000	12,686,000	12,455,000	10,484,000	9,184,000	7,872,000	6,016,000	5,124,000	5,724,000	5,444,000	5,462,000	5,643,000	5,654,000	4,390,000	3,626,000	3,786,000	3,040,000	2,905,000	2,993,000	2,987,000	2,745,000	2,691,000	2,530,000	2,592,000	2,691,000	2,395,000	2,561,000	2,645,000	2,788,000	2,661,000	2,628,000	2,585,000	2,595,000	2,583,000	2,528,000
operating lease right of use assets	11,749,000	12,608,000	13,875,000	15,167,000	16,371,000	17,778,000	19,209,000	20,448,000	21,710,000	23,013,000	24,229,000	25,350,000	26,359,000	25,825,000	26,864,000	30,274,000	34,042,000	36,523,000	36,555,000	36,758,000	37,816,000	38,878,000	39,937,000	48,787,000	49,949,000	51,129,000	52,258,000	53,363,000	54,429,000
franchise agreements	63,235,000	67,080,000	70,296,000	74,840,000	77,452,000	81,186,000	87,346,000	91,072,000	95,841,000	101,516,000	105,653,000	111,267,000	115,334,000	120,174,000	124,521,000	131,983,000	138,914,000	143,832,000	153,666,000	64,495,000	68,337,000	72,196,000	76,065,000	79,933,000	83,801,000	87,670,000	91,538,000	95,407,000	99,282,000	103,157,000	107,032,000	110,907,000	114,782,000	119,349,000	99,634,000	99,036,000	103,780,000	109,140,000
other intangible assets	11,543,000	10,774,000	10,932,000	11,804,000	12,587,000	13,382,000	15,297,000	16,807,000	18,126,000	19,176,000	20,506,000	22,141,000	23,750,000	25,763,000	28,518,000	32,387,000	34,405,000	32,530,000	33,719,000	26,415,000	28,284,000	29,969,000	31,424,000	27,628,000	29,554,000	32,315,000	24,946,000	23,478,000	21,836,000	22,965,000	21,911,000	15,747,000	16,106,000	8,476,000	9,207,000	9,332,000	9,496,000	9,811,000
goodwill	238,854,000	239,572,000	238,691,000	239,548,000	237,548,000	237,239,000	240,102,000	239,492,000	239,930,000	241,164,000	258,814,000	259,712,000	258,686,000	258,626,000	265,090,000	268,054,000	269,837,000	269,115,000	268,390,000	176,061,000	176,008,000	175,835,000	176,302,000	161,814,000	161,698,000	159,038,000	150,776,000	150,812,000	150,749,000	150,684,000	150,859,000	154,415,000	154,196,000	135,213,000	123,013,000	127,081,000	126,660,000	126,633,000	87,731,000	75,977,000	75,004,000	71,871,000	71,976,000	72,247,000	72,169,000	72,463,000	72,616,000	72,793,000	72,650,000	72,781,000	70,902,000
other assets, net of current portion	8,401,000	6,305,000	6,297,000	5,289,000	5,373,000	5,565,000	6,507,000	6,192,000	6,446,000	7,083,000	6,943,000	8,121,000	8,869,000	9,896,000	11,828,000	11,711,000	12,609,000	17,556,000	18,102,000	17,119,000	17,068,000	15,435,000	14,535,000	13,126,000	11,220,000	9,692,000	5,506,000	5,687,000	5,755,000	4,399,000	4,347,000	4,408,000	4,063,000	1,563,000	1,548,000	1,729,000	1,817,000	1,894,000	2,062,000	2,139,000	2,213,000	1,861,000
total assets	572,345,000	582,475,000	582,203,000	574,797,000	571,391,000	581,594,000	578,649,000	571,369,000	566,722,000	577,150,000	597,871,000	655,020,000	672,609,000	695,234,000	726,555,000	746,693,000	763,683,000	776,133,000	779,179,000	550,301,000	558,388,000	557,392,000	543,321,000	527,712,000	537,662,000	542,352,000	531,733,000	523,849,000	525,936,000	426,840,000	426,078,000	420,357,000	411,277,000	406,562,000	448,086,000	439,160,000	437,075,000	437,153,000	388,327,000	374,847,000	372,835,000	385,313,000	334,385,000	325,078,000	362,502,000	358,327,000	351,586,000	343,366,000	357,727,000	352,823,000	251,962,000
liabilities and stockholders' equity
current liabilities:
accounts payable	6,814,000	3,986,000	3,885,000	4,723,000	3,376,000	5,761,000	5,347,000	3,088,000	3,074,000	4,700,000	8,252,000	3,648,000	3,409,000	6,165,000	7,969,000	6,019,000	6,627,000	5,189,000	4,895,000	4,737,000	5,782,000	2,108,000	5,727,000	4,225,000	6,466,000	2,983,000	3,428,000	3,673,000	3,027,000	1,890,000	783,000	475,000	1,036,000	517,000	449,000	344,000	1,097,000	855,000	393,000	595,000	608,000	449,000	421,000	192,000	1,052,000	561,000	849,000	996,000	1,924,000	731,000	840,000
accrued liabilities	106,661,000	100,927,000	101,500,000	98,800,000	106,388,000	110,859,000	105,132,000	102,056,000	104,385,000	107,434,000	104,421,000	50,739,000	65,464,000	70,751,000	76,496,000	76,887,000	86,169,000	96,768,000	91,193,000	63,740,000	67,208,000	68,571,000	52,073,000	44,442,000	52,343,000	60,163,000	51,129,000	48,937,000	55,712,000	13,143,000	12,440,000	10,625,000	10,954,000	15,390,000	15,302,000	8,034,000	7,993,000	13,098,000	10,593,000	9,392,000	10,960,000	16,082,000	10,765,000	9,611,000	8,218,000	9,380,000	7,931,000	7,501,000	7,729,000	9,344,000	10,188,000
income taxes payable	386,000	105,000	183,000	96,000	190,000	541,000	1,274,000	1,590,000	1,286,000	766,000	483,000	720,000	838,000	1,658,000	2,424,000	2,499,000	2,054,000	2,546,000	5,581,000	1,643,000	9,884,000	9,579,000	7,249,000	8,210,000	7,918,000	6,854,000	143,000	11,000		208,000	105,000	42,000		133,000	401,000	52,000	1,159,000	379,000	138,000	97,000	1,304,000	451,000	150,000	112,000
deferred revenue	20,112,000	21,391,000	22,736,000	22,694,000	21,022,000	22,848,000	22,625,000	23,831,000	23,214,000	23,077,000	24,107,000	24,318,000	25,014,000	27,784,000	25,537,000	26,431,000	24,271,000	27,178,000	25,196,000	24,936,000	24,689,000	25,282,000	23,147,000	25,362,000	25,473,000	25,663,000	24,996,000	25,571,000	25,228,000	25,489,000	25,310,000	25,906,000	24,848,000
debt	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000
payable pursuant to tax receivable agreements	219,000	1,542,000	779,000	779,000	779,000
operating lease liabilities	9,451,000	9,217,000	9,065,000	8,908,000	8,747,000	8,556,000	8,437,000	8,227,000	8,028,000	7,920,000	7,747,000	7,542,000	7,371,000	7,068,000	6,863,000	6,672,000	6,566,000	6,328,000	6,045,000	5,904,000	5,826,000	5,687,000	5,553,000	5,381,000	5,232,000	5,102,000	4,957,000	4,829,000	4,680,000
total current liabilities	148,243,000	141,768,000	142,748,000	140,600,000	145,102,000	154,702,000	147,700,000	143,677,000	144,872,000	149,319,000	151,252,000	93,209,000	108,338,000	119,668,000	127,561,000	126,780,000	133,959,000	146,219,000	141,100,000	106,900,000	119,335,000	117,245,000	102,716,000	96,664,000	103,643,000	106,996,000	90,876,000	89,236,000	94,843,000	46,919,000	45,782,000	46,062,000	47,131,000	43,560,000	42,190,000	40,187,000	45,459,000	46,538,000	47,222,000	45,522,000	54,518,000	57,254,000	48,494,000	46,747,000	97,959,000	42,664,000	37,650,000	40,190,000	53,185,000	49,031,000	54,543,000
debt, net of current portion	431,362,000	432,151,000	433,287,000	434,369,000	435,305,000	436,243,000	437,176,000	438,109,000	439,044,000	439,980,000	440,913,000	441,846,000	442,782,000	443,720,000	444,653,000	445,586,000	446,521,000	447,459,000	448,390,000	220,217,000	220,676,000	221,137,000	221,594,000	222,051,000	222,522,000	223,033,000	223,556,000	224,090,000	224,632,000	225,165,000	225,770,000	226,401,000	226,176,000	226,636,000	227,094,000	227,551,000	228,010,000	228,470,000	174,819,000	176,218,000	173,029,000	187,079,000	189,003,000	190,466,000	190,605,000	202,213,000	203,629,000	201,844,000	210,915,000	211,104,000	211,657,000
deferred tax liabilities	8,039,000	8,193,000	8,921,000	8,454,000	8,713,000	8,448,000	11,281,000	11,517,000	10,499,000	10,797,000	12,386,000	12,399,000	12,505,000	13,113,000	14,152,000	14,378,000	14,530,000	14,699,000	20,619,000	504,000	496,000	490,000	1,000,000	351,000	542,000	293,000	328,000	313,000	294,000	400,000	112,000	155,000	150,000	151,000	151,000	143,000	136,000	133,000	134,000	134,000	131,000	120,000	173,000	184,000	178,000	190,000	197,000	203,000	194,000	195,000
deferred revenue, net of current portion	12,410,000	12,859,000	13,189,000	13,558,000	14,175,000	14,778,000	15,482,000	16,054,000	16,911,000	17,607,000	18,041,000	17,595,000	18,117,000	18,287,000	18,467,000	18,569,000	19,300,000	18,929,000	18,356,000	19,032,000	19,601,000	19,864,000	17,931,000	17,905,000	18,495,000	18,763,000	18,851,000	19,121,000	19,716,000	20,224,000	19,939,000	20,267,000	20,902,000														117,000	117,000	117,000	234,000	292,000
operating lease liabilities, net of current portion	11,508,000	13,514,000	15,858,000	18,220,000	20,446,000	22,669,000	25,044,000	27,224,000	29,358,000	31,479,000	33,472,000	35,525,000	37,453,000	37,989,000	39,802,000	41,621,000	44,819,000	45,948,000	46,614,000	47,307,000	48,794,000	50,279,000	51,750,000	53,197,000	54,598,000	55,959,000	57,280,000	58,578,000	59,849,000
other liabilities, net of current portion	2,441,000	2,978,000	3,048,000	3,161,000	3,173,000	3,148,000	3,729,000	3,944,000	3,891,000	4,029,000	5,082,000	5,504,000	5,554,000	5,838,000	8,376,000	9,362,000	7,907,000	6,919,000	7,945,000	5,648,000	5,411,000	5,722,000	5,408,000	4,642,000	4,644,000	5,292,000	6,077,000	6,231,000	5,756,000	17,637,000	18,607,000	20,013,000	18,887,000	19,897,000	20,064,000	15,741,000	15,942,000	15,729,000	15,913,000	9,779,000	9,957,000	9,889,000	10,431,000	10,392,000	10,458,000	10,473,000	8,945,000	8,914,000	8,785,000	8,782,000	8,004,000
total liabilities	614,003,000	611,463,000	617,051,000	618,362,000	626,914,000	639,988,000	640,412,000	640,525,000	644,575,000	653,211,000	661,146,000	630,995,000	649,666,000	663,532,000	679,867,000	683,152,000	693,892,000	707,066,000	712,998,000	429,582,000	444,287,000	444,711,000	431,144,000	425,555,000	437,584,000	443,976,000	431,323,000	431,924,000	442,310,000	347,565,000	353,920,000	359,821,000	360,169,000	337,167,000	375,349,000	369,196,000	375,121,000	376,444,000	329,645,000	323,210,000	329,192,000	345,899,000	311,605,000	311,293,000	362,704,000	319,044,000	318,476,000	319,206,000	341,134,000	337,284,000	274,496,000
commitments and contingencies
stockholders' equity
class a common stock	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000
class b common stock
additional paid-in capital	582,658,000	578,429,000	576,213,000	573,786,000	571,141,000	565,072,000	562,594,000	559,280,000	556,285,000	550,637,000	546,184,000	542,412,000	538,743,000	535,566,000	532,264,000	526,122,000	522,072,000	515,443,000	510,424,000	503,430,000	498,810,000	491,422,000	485,664,000	473,451,000	470,639,000	466,945,000	462,245,000	463,055,000	462,601,000	460,101,000	457,026,000	454,045,000	451,903,000	451,199,000	450,317,000	447,478,000	447,113,000	447,001,000	446,757,000	446,256,000	445,970,000	445,081,000	247,303,000	246,923,000	244,078,000	241,882,000	239,033,000	238,725,000	239,344,000	239,086,000
accumulated deficit	-135,915,000	-126,072,000	-127,354,000	-131,330,000	-136,008,000	-133,727,000	-139,524,000	-140,486,000	-144,155,000	-140,217,000	-129,248,000	-65,298,000	-63,137,000	-53,999,000	-38,165,000	-21,958,000	-12,808,000
accumulated other comprehensive income (deficit), net of tax	-598,000	54,000	-731,000	-27,000	-1,627,000	-1,864,000	35,000	-380,000	-105,000	638,000	-129,000	503,000	-313,000	-395,000
total stockholders' equity attributable to re/max holdings, inc.	446,147,000	452,413,000	448,130,000	442,431,000	433,508,000	429,483,000	423,107,000	418,416,000	412,027,000	411,060,000	416,809,000	477,619,000	475,295,000	481,174,000	493,224,000	504,475,000	510,158,000	508,274,000	504,480,000	526,484,000	520,898,000	517,175,000	514,093,000	502,278,000	499,900,000	497,886,000	494,618,000	490,049,000	484,732,000	481,569,000	475,859,000	468,231,000	462,109,000	467,743,000	473,433,000	470,496,000	465,667,000	463,783,000	462,377,000	457,681,000	453,081,000	449,671,000	249,320,000	245,868,000	239,841,000	254,810,000	250,565,000	246,951,000	243,728,000
non-controlling interest	-487,805,000	-481,401,000	-482,978,000	-485,996,000	-489,031,000	-487,877,000	-484,870,000	-487,572,000	-489,880,000	-487,121,000	-480,084,000	-453,594,000	-452,352,000	-449,472,000	-446,536,000	-440,934,000	-440,367,000	-439,207,000	-438,299,000	-405,765,000	-406,797,000	-404,494,000	-401,916,000	-400,121,000	-399,822,000	-399,510,000	-394,208,000	-398,124,000	-401,106,000	-402,294,000	-403,701,000	-407,695,000	-411,001,000	-398,348,000	-400,696,000	-400,532,000	-403,713,000	-403,074,000	-403,695,000	-406,044,000	-409,438,000	-410,257,000	-226,540,000	-232,083,000	-240,043,000	-215,527,000	-217,455,000	-222,791,000	-227,135,000	-226,425,000
total stockholders' equity	-41,658,000	-28,988,000	-34,848,000	-43,565,000	-55,523,000	-58,394,000	-61,763,000	-69,156,000	-77,853,000	-76,061,000	-63,275,000	24,025,000	22,943,000	31,702,000	46,688,000	63,541,000	69,791,000	69,067,000	66,181,000	120,719,000	114,101,000	112,681,000	112,177,000	102,157,000	100,078,000	98,376,000	100,410,000	91,925,000	83,626,000	79,275,000	72,158,000	60,536,000	51,108,000	69,395,000	72,737,000	69,964,000	61,954,000	60,709,000	58,682,000	51,637,000	43,643,000	39,414,000	22,780,000	13,785,000		39,283,000	33,110,000	24,160,000	16,593,000
total liabilities and stockholders' equity	572,345,000	582,475,000	582,203,000	574,797,000	571,391,000	581,594,000	578,649,000	571,369,000	566,722,000	577,150,000	597,871,000	655,020,000	672,609,000	695,234,000	726,555,000	746,693,000	763,683,000	776,133,000	779,179,000	550,301,000	558,388,000	557,392,000	543,321,000	527,712,000	537,662,000	542,352,000	531,733,000	523,849,000	525,936,000	426,840,000	426,078,000	420,357,000	411,277,000	406,562,000	448,086,000	439,160,000	437,075,000	437,153,000	388,327,000	374,847,000	372,835,000	385,313,000	334,385,000	325,078,000	362,502,000	358,327,000	351,586,000	343,366,000	357,727,000
income taxes receivable, net of current portion			355,000	355,000	355,000	355,000					754,000	754,000	754,000	754,000	754,000	754,000	754,000	1,803,000	1,980,000	1,980,000	1,980,000	1,980,000	1,690,000	1,690,000	1,690,000	1,690,000
current portion of debt						4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	4,600,000	2,350,000	2,356,000	2,428,000	2,489,000	2,566,000	2,628,000	2,648,000	2,645,000	2,637,000	2,629,000	2,622,000	2,665,000	2,715,000	2,350,000	2,350,000	2,350,000	2,350,000	2,350,000	2,350,000	11,789,000	10,765,000	14,332,000	14,805,000	13,362,000	12,381,000	12,725,000	9,460,000	8,568,000	10,877,000	16,927,000	17,300,000	17,300,000
current portion of payable pursuant to tax receivable agreements						1,537,000	285,000	285,000	285,000	822,000	1,642,000	1,642,000	1,642,000	1,642,000	3,672,000	3,672,000	3,672,000	3,610,000	3,590,000	3,590,000	3,590,000	3,590,000	6,478,000	6,478,000	3,583,000	3,583,000	3,578,000	3,578,000	3,567,000	3,567,000	4,479,000	6,299,000	6,252,000	6,252,000	6,135,000	11,390,000	11,331,000	13,235,000	7,225,000	7,158,000	7,148,000	8,478,000	3,914,000	3,914,000	3,914,000	3,914,000
deferred tax assets												51,930,000	52,464,000	51,441,000	52,546,000	51,418,000	52,025,000	51,314,000	52,714,000	48,459,000	49,162,000	48,855,000	49,377,000	50,169,000	49,251,000	52,595,000	49,971,000	50,997,000	52,494,000	53,698,000	59,449,000	60,790,000	62,338,000	59,151,000	101,649,000	102,933,000	104,565,000	105,770,000	105,682,000	106,356,000	108,065,000	106,033,000	64,729,000	65,382,000	66,392,000	66,903,000	66,387,000	66,564,000	67,389,000	67,791,000
payable pursuant to tax receivable agreements, net of current portion												24,917,000	24,917,000	24,917,000	26,856,000	26,856,000	26,856,000	26,893,000	29,974,000	29,974,000	29,974,000	29,974,000	30,745,000	30,745,000	33,140,000	33,640,000	34,355,000	34,355,000	37,220,000	37,220,000	43,710,000	46,923,000	46,923,000	46,923,000	85,850,000	85,574,000	85,574,000	85,574,000	91,557,000	91,557,000	91,557,000	91,557,000	63,504,000	63,504,000	63,504,000	63,504,000
											2,023,000	2,023,000	2,023,000		2,022,000	2,022,000	2,022,000		2,021,000	2,021,000	2,021,000		2,020,000	2,020,000	2,020,000		2,019,000	2,019,000
revenue:
continuing franchise fees											31,834,000	32,101,000	32,076,000		33,310,000	34,128,000	33,499,000		32,464,000	26,955,000	25,374,000		24,339,000	16,738,000	24,143,000		25,168,000	24,894,000																							16,093,000
annual dues											8,456,000	8,587,000	8,618,000		8,911,000	9,016,000	8,920,000		8,967,000	8,869,000	8,672,000		8,638,000	8,745,000	8,921,000		8,835,000	8,819,000																							7,455,000
broker fees											14,255,000	14,321,000	10,892,000		16,596,000	19,317,000	15,085,000		19,245,000	17,453,000	11,953,000		15,457,000	10,426,000	9,444,000		13,292,000	13,459,000																							7,204,000
marketing funds fees											20,853,000	21,077,000	21,342,000		22,736,000	22,909,000	22,851,000		23,269,000	18,042,000	18,145,000		17,290,000	11,765,000	17,522,000		18,034,000	18,060,000
franchise sales and other revenue											5,825,000	6,361,000	12,473,000		7,390,000	6,802,000	10,649,000		7,052,000	5,927,000	8,151,000		5,349,000	4,533,000	10,242,000		6,212,000	6,149,000
total revenue											81,223,000	82,447,000	85,401,000		88,943,000	92,172,000	91,004,000		90,997,000	77,246,000	72,295,000		71,073,000	52,207,000	70,272,000		71,541,000	71,381,000																							40,312,000
operating expenses:
selling, operating and administrative expenses											43,090,000	40,212,000	49,115,000		49,702,000	40,781,000	47,831,000		51,099,000	38,816,000	43,676,000		28,216,000	25,348,000	34,677,000		24,478,000	25,726,000																							22,105,000
marketing funds expenses											20,853,000	21,077,000	21,342,000		22,736,000	22,909,000	22,851,000		23,269,000	18,042,000	18,145,000		17,290,000	11,765,000	17,522,000		18,034,000	18,060,000
depreciation and amortization											8,195,000	8,008,000	8,033,000		8,757,000	9,113,000	8,985,000		8,582,000	6,978,000	6,937,000		6,850,000	6,412,000	6,310,000		5,595,000	5,541,000																							3,656,000
settlement and impairment charges											55,000,000				2,513,000	2,460,000	3,735,000		45,623,000
gain on reduction in tax receivable agreement liability											-24,917,000
total operating expenses											102,221,000	69,297,000	78,490,000		83,708,000	75,263,000	83,402,000		128,573,000	63,836,000	68,758,000		60,258,000	43,525,000	58,509,000		48,097,000	49,311,000																							25,758,000
operating income											-20,998,000	13,150,000	6,911,000		5,235,000	16,909,000	7,602,000		-37,576,000	13,410,000	3,537,000		10,815,000	8,682,000	11,763,000		23,444,000	22,070,000																							14,554,000
other incomes, net:
interest expense											-9,292,000	-8,840,000	-8,245,000		-5,729,000	-4,032,000	-3,651,000		-3,315,000	-2,124,000	-2,098,000		-2,159,000	-2,187,000	-2,682,000		-3,089,000	-3,154,000																							-5,128,000
interest income											1,173,000	1,141,000	1,004,000		497,000	159,000	19,000		19,000	19,000	163,000		25,000	34,000	269,000		412,000	342,000																							82,000
foreign currency transaction gains											125,000	215,000	43,000		-360,000	-160,000	180,000		-435,000	-363,000	-20,000		94,000	101,000	-270,000		-50,000	61,000																							281,000
total other incomes											-7,994,000	-7,484,000	-7,198,000		-5,592,000	-4,033,000	-3,452,000		-3,995,000	-2,468,000	-1,955,000		-2,040,000	-2,052,000	-2,683,000		-2,727,000	-2,751,000																							-6,155,000
income before benefit from income taxes											-28,992,000	5,666,000	-287,000		-357,000	12,876,000	4,150,000		-41,571,000	10,942,000	1,582,000		8,775,000	6,630,000	9,080,000		20,717,000	19,319,000																							8,399,000
benefit from income taxes											-53,680,000	-2,422,000	-392,000		-553,000	-2,601,000	-1,205,000		-792,000	-696,000	58,000		-2,051,000	-706,000	-3,790,000		-3,453,000	-3,186,000																							-702,000
net income											-82,672,000	3,244,000	-679,000		-910,000	10,275,000	2,945,000		-42,363,000	10,246,000	1,640,000		6,724,000	5,924,000	5,290,000		17,264,000	16,133,000																							7,697,000
less: net income attributable to non-controlling interest											-23,218,000	1,234,000	-8,000		-1,050,000	4,446,000	1,494,000		-17,214,000	5,045,000	548,000		3,171,000	2,435,000	2,659,000		8,091,000	7,563,000
net income attributable to re/max holdings, inc.											-59,454,000	2,010,000	-671,000		140,000	5,829,000	1,451,000		-25,149,000	5,201,000	1,092,000		3,553,000	3,489,000	2,631,000		9,173,000	8,570,000
net income attributable to re/max holdings, inc. per share of class a common stock
basic											-3,280	110	-40		10	310	80		-1,340	280	60		200	190	150		510	480
diluted											-3,280	110	-40		10	300	80		-1,340	270	60		190	190	150		510	480
weighted-average shares of class a common stock outstanding
cash dividends declared per share of class a common stock											230	230	230		230	230	230		230	230	230		220	220	220		210	210
stockholders' equity:
accumulated other comprehensive income, net of tax															-877,000	309,000	892,000	650,000	639,000	763,000	653,000	612,000	476,000	440,000	378,000	414,000	379,000	397,000	364,000	328,000	419,000	362,000	416,000	515,000	439,000	188,000	16,000		89,000	158,000	158,000
loss on early extinguishment of debt																			-264,000																																-1,664,000
retained earnings																		-7,821,000	-6,585,000	22,289,000	21,433,000	25,139,000	27,951,000	28,385,000	28,881,000	30,525,000	31,992,000	26,595,000	21,765,000	21,138,000	18,412,000	13,822,000	9,788,000	16,027,000	22,675,000	22,828,000	18,536,000	16,808,000	15,529,000	11,265,000	6,951,000	4,693,000	2,061,000			12,041,000	10,396,000	6,845,000	3,189,000	1,506,000
impairment charge - leased assets																							7,902,000
income taxes payable, net of current portion
class a common stock, par value 0.0001...																											2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000
class b common stock, par value 0.0001...
(gain) loss on sale or disposition of assets																											-10,000	-16,000
tax and other distributions payable to non-controlling unitholders																																	1,691,000				3,568,000				3,003,000
deferred revenue and deposits																																		18,918,000	17,470,000	18,003,000	17,757,000	16,306,000	17,041,000	17,467,000	16,983,000	16,501,000	18,294,000	18,900,000	18,401,000	17,142,000	17,159,000	17,483,000	16,348,000	15,821,000	15,524,000
accounts payable to affiliates																																			83,000	14,000	204,000	145,000	35,000	20,000	130,000	66,000	1,172,000	1,199,000	1,186,000	1,114,000	1,089,000	1,059,000	1,055,000	1,017,000	2,397,000
assets held for sale																																										354,000			1,179,000
liabilities held for sale																																										351,000			1,743,000
other current liabilities																																						170,000	8,000	28,000	50,000	71,000	338,000	343,000	340,000	211,000	206,000	207,000	205,000	206,000	116,000
accumulated other comprehensive loss																																						-28,000
franchise agreements, net of accumulated amortization of 111,008 and 100,499, respectively																																							57,059,000
other intangible assets, net of accumulated amortization of 8,664 and 8,929, respectively																																							9,321,000
franchise agreements, net of accumulated amortization of 107,474 and 100,499, respectively																																								60,593,000
other intangible assets, net of accumulated amortization of 8,531 and 8,929, respectively																																								6,242,000
franchise agreements, net of accumulated amortization of 103,940 and 100,499, respectively																																									63,598,000
other intangible assets, net of accumulated amortization of 8,410 and 8,929, respectively																																									5,587,000
escrow cash - restricted																																											78,000	95,000	75,000	693,000	731,000	1,003,000	849,000	710,000
accounts receivable from affiliates																																											26,000			231,000			15,000	5,000	116,000
franchise agreements, net of accumulated amortization of 100,499 and 87,330, respectively																																										61,939,000
other intangible assets, net of accumulated amortization of 8,929 and 8,550, respectively																																										4,941,000
investments in equity method investees																																											3,852,000	3,878,000	3,698,000	3,693,000	3,750,000	3,611,000	3,426,000	3,642,000	3,710,000
debt issuance costs																																										1,527,000	1,604,000	1,681,000	1,756,000	1,896,000	1,974,000	2,051,000	2,277,000	2,353,000	2,424,000
escrow liabilities																																											78,000	95,000	75,000	693,000	731,000	1,003,000	849,000	710,000	912,000
accumulated other comprehensive income																																										-105,000	-45,000	127,000	353,000	886,000	1,135,000	1,380,000	1,194,000	1,371,000	1,563,000
franchise agreements, net of accumulated amortization of 97,430 and 87,330, respectively																																											65,331,000
other intangible assets, net of accumulated amortization of 8,867 and 8,550, respectively																																											4,233,000
other assets																																											1,932,000	2,068,000	1,779,000	1,715,000	1,952,000	1,941,000	1,948,000	2,036,000	6,820,000
franchise agreements, net of accumulated amortization of 94,039 and 87,330, respectively																																												68,722,000
other intangible assets, net of accumulated amortization of 8,751 and 8,550, respectively																																												3,450,000
(accumulated deficit) retained earnings																																												-1,183,000	-4,591,000
franchise agreements, net of accumulated amortization of 90,721 and 87,330, respectively																																													72,114,000
other intangible assets, net of accumulated amortization of 8,705 and 8,550, respectively																																													2,859,000
income taxes and tax distributions payable																																													92,000	189,000	215,000	162,000	5,412,000
dividends and other distributions payable																																													50,213,000				1,834,000
stockholders' (deficit) equity:
total stockholders' (deficit) equity																																													-202,000
franchise agreements, net of accumulated amortization of 87,330 and 73,764, respectively																																														75,505,000
other intangible assets, net of accumulated amortization of 8,550 and 7,912, respectively																																														2,725,000
franchise agreements, net of accumulated amortization of 83,938 and 73,764, respectively																																															78,897,000
other intangible assets, net of accumulated amortization of 8,394 and 7,912, respectively																																															1,976,000
current portion of payable to related parties pursuant to tax receivable agreements																																															902,000	902,000	902,000	902,000
payable to related parties pursuant to tax receivable agreements, net of current portion																																															67,938,000	67,938,000	67,938,000	67,938,000
franchise agreements, net of accumulated amortization of 80,547 and 73,764, respectively																																																82,288,000
other intangible assets, net of accumulated amortization of 8,267 and 7,912, respectively																																																2,244,000
franchise agreements, net of accumulated amortization of 77,155 and 73,764, respectively																																																	85,680,000
other intangible assets, net of accumulated amortization of 8,095 and 7,912, respectively																																																	2,355,000
franchise agreements, net of accumulated amortization of 73,764 and 61,489, respectively																																																		89,071,000
other intangible assets, net of accumulated amortization of 7,912 and 7,053, respectively																																																		2,486,000
liabilities, redeemable preferred units and stockholders' equity/members' deficit
income taxes and tax distribution payable																																																		3,000,000
redeemable preferred units:
class a preferred units, at estimated redemption value																																																			132,350,000
stockholders' equity/members' deficit:
class b common units																																																			-156,447,000
total stockholders' equity attributable to re/max holdings, inc./members' deficit																																																		241,964,000
total stockholders' equity/members' deficit																																																		15,539,000
total liabilities, redeemable preferred units and stockholders' equity/members' deficit																																																		352,823,000
escrow cash—restricted																																																			912,000
franchise agreements, net of accumulated amortization of 72,395 and 61,489, respectively																																																			69,439,000
other intangible assets, net of accumulated amortization of 7,586 and 7,053, respectively																																																			2,511,000
liabilities, redeemable preferred units and members’ deficit
income taxes and tax distribution payables																																																			7,266,000
members’ deficit:
total members’ deficit																																																			-154,884,000
total liabilities, redeemable preferred units and members’ deficit																																																			251,962,000
franchise sales and other franchise revenue																																																			5,076,000
brokerage revenue																																																			4,484,000
(gain) loss on sale of assets																																																			-3,000
equity in earnings of investees																																																			274,000
accretion of class a preferred units to estimated redemption amounts																																																			-12,050,000
net income related to rmco, llc class b common unitholders																																																			19,747,000
other comprehensive income:
change in cumulative translation adjustment																																																			114,000
other comprehensive income																																																			114,000
total comprehensive income related to rmco, llc class b common unitholders																																																			19,861,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31

cash flows from operating activities:
net income	-15,709,000	2,509,000	7,462,000	6,698,000	-3,236,000	4,080,000	3,414,000	6,190,000	-5,607,000	-18,379,000	-82,672,000	3,244,000	-679,000	-1,553,000	-910,000	10,275,000	2,945,000	5,620,000	-42,126,000	10,246,000	1,640,000	2,082,000	6,724,000	5,924,000	5,290,000	5,202,000	17,264,000	16,133,000	8,257,000	11,066,000	15,541,000	14,591,000	9,167,000	1,934,000	7,537,000	15,637,000	10,071,000	8,514,000	14,520,000	14,380,000	10,396,000	10,969,000	15,193,000	16,058,000	9,130,000	7,617,000	14,055,000	14,509,000	7,798,000	5,600,000
adjustments to reconcile net income to operating cash flows:
depreciation and amortization	5,875,000	6,215,000	6,443,000	6,601,000	6,589,000	7,072,000	7,237,000	7,400,000	7,852,000	8,178,000	8,195,000	8,008,000	8,033,000	8,914,000	8,757,000	9,113,000	8,985,000	9,097,000	8,321,000	6,978,000	6,937,000	7,119,000	6,850,000	6,412,000	6,310,000	5,629,000	5,595,000	5,541,000	5,558,000	5,426,000	5,608,000	5,069,000	4,575,000	4,834,000	4,286,000	5,397,000	5,995,000	4,612,000	3,889,000	3,872,000	3,721,000	3,740,000	3,765,000	3,808,000	3,811,000	3,799,000	3,767,000	3,812,000	3,938,000	4,078,000
equity-based compensation expense	5,316,000	4,314,000	2,999,000	2,968,000	6,346,000	4,412,000	4,618,000	3,902,000	5,923,000	5,486,000	4,891,000	4,708,000	4,451,000	4,038,000	7,834,000	4,535,000	5,637,000	6,983,000	9,008,000	6,253,000	12,054,000	7,920,000	3,414,000	2,747,000	2,186,000	6,074,000	-987,000	1,796,000	4,051,000	3,035,000	2,717,000	2,156,000	1,268,000	739,000	868,000	731,000	562,000	518,000	501,000	545,000	766,000	355,000
bad debt expense	1,144,000	1,160,000	152,000	374,000	1,592,000	320,000	-513,000	238,000	1,314,000	1,881,000	1,371,000	1,918,000	1,614,000	1,325,000	860,000	226,000	170,000	-1,137,000	-469,000	-26,000	287,000	-1,121,000	164,000	425,000	3,435,000	1,544,000	860,000	1,121,000	1,439,000	1,000,000	434,000	359,000	464,000	273,000	249,000	244,000	343,000	18,000	1,068,000	-37,000	146,000	-122,000	68,000	282,000	205,000	341,000	-16,000	104,000	201,000	315,000
deferred income tax expense	-78,000	-862,000	550,000	-366,000	223,000	-2,536,000	-3,663,000	4,299,000	-202,000	-2,412,000	52,816,000	562,000	-1,579,000	-142,000	-1,061,000	1,000,000	20,000	-659,000	-2,204,000	655,000	-320,000	-49,000	790,000	-1,142,000	2,241,000	-1,320,000	1,109,000	1,440,000	1,081,000	6,049,000	1,443,000	1,582,000	478,000	42,575,000	1,218,000	1,523,000	1,178,000
fair value adjustments to contingent consideration	67,000	-25,000	-100,000	-100,000	116,000	75,000	-437,000	103,000	34,000	-154,000	-280,000	-95,000	-4,000	-1,436,000	-692,000	1,710,000	285,000	-21,000	320,000	290,000	-280,000	919,000	250,000	150,000	-505,000	-89,000	-15,000	415,000	-70,000	-429,000	-940,000	-55,000	135,000	-70,000	420,000	-300,000	130,000
settlement and impairment charges	8,500,000		-2,104,000	-57,000	619,000
debt charges	234,000
other	406,000	792,000	102,000	-3,000	243,000	-273,000	106,000	-48,000	-5,000	135,000	9,000	34,000	-116,000	-667,000	23,000	424,000	267,000	69,000	276,000	90,000	87,000	842,000	-20,000	733,000	-504,000	70,000	155,000	413,000	272,000	180,000	476,000	327,000	99,000	257,000	657,000	116,000	115,000								683,000		9,000	662,000	650,000
changes in operating assets and liabilities	-7,599,000		2,933,000	-10,913,000	-6,275,000		7,464,000	-5,650,000	562,000		3,458,000	-18,853,000	-8,280,000		4,501,000	-5,542,000	-5,174,000		8,141,000	-14,628,000	711,000		1,074,000	-12,575,000	-4,804,000		-1,767,000	-13,447,000	1,474,000		3,006,000	-3,671,000	-2,614,000		8,701,000	-4,502,000	-4,299,000
net cash from operating activities	-1,844,000	12,923,000	17,742,000	4,552,000	5,661,000	16,785,000	17,601,000	15,885,000	9,381,000	8,639,000	17,383,000	-822,000	3,064,000	9,756,000	22,467,000	22,417,000	16,502,000	25,798,000	-13,695,000	9,507,000	20,832,000	27,376,000	27,148,000	2,674,000	13,649,000	23,788,000	22,204,000	10,542,000	22,441,000	19,042,000	23,092,000	20,358,000	13,572,000	9,848,000	20,499,000	18,846,000	14,095,000	15,339,000	22,008,000	14,554,000	12,478,000	17,047,000	23,335,000	19,787,000	14,419,000	14,711,000	19,556,000	16,947,000	12,495,000	13,179,000
capital expenditures	-2,421,000	-2,752,000	-1,315,000	-1,616,000	-1,691,000	-801,000	-1,311,000	-1,891,000	-2,619,000	-2,170,000	-1,418,000	-1,342,000	-1,489,000	-1,982,000	-1,806,000	-2,421,000	-3,723,000	-3,170,000	-4,518,000	-3,170,000	-4,381,000	-2,328,000	-1,473,000	-1,137,000	-1,965,000	0	-2,715,000	-3,438,000	-3,940,000	558,000	263,000	53,000	-485,000	-15,000	-332,000	-585,000	-506,000	-1,105,000	-1,659,000	-548,000	-933,000	-1,194,000	-1,225,000	-584,000	-187,000	-1,009,000	-315,000	-250,000	-452,000	-432,000
free cash flows	-4,265,000	10,171,000	16,427,000	2,936,000	3,970,000	15,984,000	16,290,000	13,994,000	6,762,000	6,469,000	15,965,000	-2,164,000	1,575,000	7,774,000	20,661,000	19,996,000	12,779,000	22,628,000	-18,213,000	6,337,000	16,451,000	25,048,000	25,675,000	1,537,000	11,684,000	23,788,000	19,489,000	7,104,000	18,501,000	19,600,000	23,355,000	20,411,000	13,087,000	9,833,000	20,167,000	18,261,000	13,589,000	14,234,000	20,349,000	14,006,000	11,545,000	15,853,000	22,110,000	19,203,000	14,232,000	13,702,000	19,241,000	16,697,000	12,043,000	12,747,000
cash flows from investing activities:
purchases of property, equipment and capitalization of software	-2,421,000	-2,752,000	-1,315,000	-1,616,000	-1,691,000	-801,000	-1,311,000	-1,891,000	-2,619,000	-2,170,000	-1,418,000	-1,342,000	-1,489,000	-1,982,000	-1,806,000	-2,421,000	-3,723,000	-3,170,000	-4,518,000	-3,170,000	-4,381,000	-2,328,000	-1,473,000	-1,137,000	-1,965,000
net cash from investing activities	-2,421,000	-2,660,000	-1,815,000	-1,616,000	-1,691,000	-753,000	-1,030,000	-1,663,000	-2,430,000	-2,073,000	-1,173,000	-1,103,000	-1,294,000	-1,635,000	-3,721,000	-2,421,000	-3,723,000	-2,451,000	-184,920,000	-3,170,000	-4,381,000	-2,328,000	-12,100,000	-1,137,000	-1,965,000	-18,078,000	-2,715,000	-3,438,000	23,355,000	-2,471,000	-3,875,000	-388,000	-26,941,000	-36,137,000	-458,000	-666,000	-657,000	-96,265,000	-9,130,000	-2,220,000	-9,717,000	3,825,000	-1,161,000	-652,000	-348,000	-937,000	-347,000	-282,000	-477,000	-27,785,000
cash flows from financing activities:
payments on debt	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-1,150,000	-224,987,000	-593,000	-660,000	-648,000	-664,000	-662,000	-660,000	-658,000	-653,000	-658,000	-653,000	-789,000	-828,000	-962,000	-592,000	-603,000	-588,000	-587,000	-588,000	-189,003,000	-486,000	-487,000	-13,247,000	-520,000	-520,000	-520,000	-7,840,000	-538,000	-538,000	-15,165,000	-575,000	-575,000
dividends and dividend equivalents paid to class a common stockholders	-103,000	-157,000	-11,000	-6,000	-324,000	-8,000	-4,000	-2,000	-585,000	-61,000	-4,497,000	-4,171,000	-4,824,000	-4,217,000	-4,418,000	-4,427,000	-5,124,000	-4,345,000	-4,345,000	-4,345,000	-4,798,000	-4,104,000	-3,988,000	-3,987,000	-4,275,000	-3,776,000	-3,776,000	-3,740,000	-3,782,000	-3,548,000	-3,549,000	-3,614,000	-3,595,000	-3,186,000	-3,185,000
payments related to tax withholding for share-based compensation	-3,563,000	-160,000	-86,000	-106,000	-4,237,000	-527,000	-43,000	-7,000	-2,498,000	-353,000	-537,000	-19,000	-3,458,000	-168,000	-697,000	-73,000	-5,586,000	0	-31,000	-7,000	-5,291,000	-276,000	0	0	-2,268,000
payment of contingent consideration	-742,000	0	0	0	-791,000				-120,000	-874,000	-120,000	-120,000	-120,000	-1,000,000	0															-171,000	0	0	-50,000
other financing	-36,000	3,000	0	-1,000	-29,000	22,000	-26,000
net cash from financing activities	-5,594,000	-1,559,000	-1,397,000	-1,263,000	-6,531,000	-1,663,000	-1,223,000	-1,034,000	-4,353,000	-2,426,000	-9,193,000	-8,349,000	-15,849,000	-19,750,000	-21,694,000	-20,851,000	-16,068,000	-9,790,000	221,835,000	-9,055,000	-13,638,000	-8,929,000	-9,652,000	-7,438,000	-9,980,000	-8,984,000	-8,688,000	-9,029,000	-7,841,000	-7,808,000	-7,818,000	-10,204,000	-7,322,000	-6,827,000	-7,019,000	-12,882,000	-6,507,000	36,805,000	-8,336,000	-10,445,000	-17,796,000	-5,800,000	-6,652,000	-53,475,000	-6,489,000	-4,604,000	-5,651,000	-29,241,000	-3,181,000	29,544,000
effect of exchange rate changes on cash	-587,000	648,000	-606,000	1,213,000	180,000	-1,460,000	356,000	50,000	-925,000	810,000	-640,000	627,000	34,000	459,000	-1,563,000	-720,000	274,000	246,000	-301,000	263,000	92,000	338,000	77,000	98,000	-205,000	-6,000	-33,000	40,000	69,000	-52,000	25,000	-30,000	-13,000	-13,000	597,000	381,000	98,000	-251,000	-135,000	12,000	496,000	-230,000	-428,000	70,000	-235,000	-99,000	-50,000	27,000	-43,000	-45,000
net decrease in cash, cash equivalents and restricted cash	-10,446,000									4,950,000	6,377,000	-9,647,000	-14,045,000
cash, cash equivalents and restricted cash, beginning of period	193,068,000	0	0	0	169,287,000	0	0	0	125,763,000	0	0	0	138,128,000	0	0	0	158,399,000	0	0	0	121,227,000
cash, cash equivalents and restricted cash, end of period	182,622,000	9,352,000	13,924,000	2,886,000	166,906,000	12,909,000	15,704,000	13,238,000	127,436,000	4,950,000	6,377,000	-9,647,000	124,083,000	-11,170,000	-4,511,000	-1,575,000	155,384,000	13,803,000	22,919,000	-2,455,000	124,132,000	16,457,000	5,473,000	-5,803,000	105,100,000	-3,280,000	10,768,000	-1,885,000	97,998,000
non-cash settlement and impairment charges
net settlement payments
non-cash debt charges		236,000	217,000	215,000	212,000	217,000	217,000	214,000	215,000	216,000	217,000	215,000	212,000
payment of contingent consideration in excess of acquisition date fair value						0	-120,000
change in estimated tax receivable agreement liability
accounts and notes receivable, net of allowances
payments pursuant to tax receivable agreements																										-702,000	0			-1,258,000				-6,075,000
income taxes receivable/payable																																						582,000	359,000
deferred revenue, current and noncurrent
other assets and liabilities
debt amendment costs		-95,000																																											-555,000
distributions paid to non-controlling unitholders										12,000	-2,889,000	-2,889,000	-2,889,000	-2,909,000	-3,500,000	-4,529,000	-2,894,000	-3,426,000	-3,781,000	-4,110,000	-2,889,000	-3,492,000	-5,000,000	-2,789,000	-2,777,000	-3,970,000	-4,154,000	-4,613,000	-2,693,000	-3,300,000	-3,441,000	-5,297,000	-2,521,000	-3,047,000	-3,242,000	-8,690,000	-2,281,000	-3,833,000	-5,182,000	-7,028,000	-1,884,000	-4,014,000	-4,456,000
common shares repurchased										0	0	0	-3,408,000	-10,306,000	-11,929,000	-10,552,000	-1,314,000
supplemental disclosures of cash flow information:
cash paid for interest													8,109,000	7,098,000	5,492,000	3,803,000	3,433,000	6,832,000	7,000	1,985,000	1,970,000	2,025,000	2,030,000	2,052,000	2,556,000	2,686,000	3,056,000	2,997,000	2,951,000	3,038,000	2,871,000	3,031,000	2,585,000	2,495,000	2,573,000	2,304,000	2,600,000									2,188,000	2,185,000	2,183,000	2,324,000	2,326,000
net cash paid for income taxes													2,197,000	2,678,000	743,000	1,567,000	1,542,000	3,456,000	1,660,000	8,866,000	926,000	1,030,000	2,281,000	603,000	1,079,000	2,397,000	2,147,000	2,156,000	1,729,000	967,000	1,061,000	2,524,000	1,217,000	1,459,000	1,055,000	6,556,000	1,008,000	2,420,000	3,535,000	4,704,000	1,253,000
adjustments to reconcile net income to net cash from operating activities:
non-cash lease benefit			-912,000	-865,000	-768,000	-818,000	-732,000	-673,000	-705,000	-605,000	-726,000	-750,000	-766,000
net increase in cash, cash equivalents and restricted cash			13,924,000	2,886,000	-2,381,000	12,909,000	15,704,000	13,238,000	1,673,000					-11,170,000	-4,511,000	-1,575,000	-3,015,000	13,803,000	22,919,000	-2,455,000	2,905,000	16,457,000	5,473,000	-5,803,000	1,499,000	-3,280,000	10,768,000	-1,885,000	38,024,000
settlement charge										150,000
impairment charge - goodwill																		0
impairment charge - leased assets														0	2,513,000	0	3,735,000					0
loss on sale or disposition of assets						30,000	10,000			20,000	21,000	187,000	178,000	6,000																								93,000	-11,000	-11,000	107,000
non-cash loss on lease termination														0	0
accounts and notes receivable, current portion																																						-1,797,000	525,000	-2,063,000	-506,000	1,114,000	1,403,000	-1,395,000	-2,121,000	525,000	1,551,000
other current and noncurrent assets																																						-421,000	-61,000	-596,000	1,440,000	-1,063,000	998,000	-561,000	1,128,000	-1,294,000	-460,000	550,000	1,304,000	-1,215,000
other current and noncurrent liabilities																																						2,840,000	796,000	-2,379,000	-4,122,000	5,589,000	1,298,000	739,000	-626,000	2,994,000	641,000	-2,444,000	-333,000
cash paid for lease termination														0	0
settlement payment
gain on reduction in tax receivable agreement liability										-381,000
acquisitions, net of cash, cash equivalents and restricted cash acquired in 2021 of 14.1 million
proceeds from the issuance of debt																		0
capitalized debt amendment costs																		0																									0
non-cash change in tax receivable agreements liability
acquisitions, net of cash, cash equivalents and restricted cash acquired in prior years of 14.1 million and 0.9 million, respectively
schedule of non-cash investing activities:
class a shares issued as consideration for acquisitions																						0
loss on early extinguishment of debt																		0																				660,000	0	0	136,000	0	0	0	94,000	0	0			0
non-cash lease expense															-672,000	-499,000	-368,000	-351,000	-349,000	-351,000	-284,000
acquisitions, net of cash, cash equivalents and restricted cash acquired of 14.1 million in the prior year
acquisitions, net of cash acquired of 14.1 million, 0.9 million and 0.1 million, respectively
restricted cash acquired
acquisitions, net of cash, cash equivalents and restricted cash acquired of 14.1 million and 0.9 million, respectively
advances from/to affiliates																																						115,000	21,000	-112,000	47,000	-1,073,000	-31,000	7,000	326,000	-195,000
acquisitions, net of cash acquired of 867k, 55k and 362k, respectively
restricted cash acquired with the marketing funds acquisition																										0	0	0	28,495,000
cash, cash equivalents and restricted cash, beginning of year																						0	0	0	103,601,000	0	0	0	59,974,000
increase in accounts payable and accrued liabilities for purchases of property, equipment and capitalization of software
acquisitions, net of cash acquired of 867k and −, respectively
loss on sale or disposition of assets and sublease																										-11,000	-10,000	-16,000	379,000	7,000				401,000
non-cash change in tax receivable agreement liability
acquisitions, net of cash acquired of 55, 362 and 0, respectively
payment of payroll taxes related to net settled restricted stock units																										-274,000	-105,000	-18,000	-713,000	0	0	-331,000	-564,000	0	0	-366,000	-450,000	-156,000	0
purchases of property, equipment and software and capitalization of trademark costs																											-2,715,000	-3,438,000	-3,940,000
acquisitions, net of cash acquired of — and 362, respectively
increase in accounts payable and accrued liabilities for purchases of property, equipment, software and capitalization of trademark costs
acquisitions, net of cash acquired of 0 and 362, respectively
property, equipment, software and trademarks included in accounts payable and accrued liabilities																												35,000	512,000
schedule of non-cash financing activities:
tax and other distributions payable to non-controlling unitholders																																	1,691,000				3,568,000				3,003,000
deferred revenue and deposits, current portion																																						-734,000	-426,000	483,000	423,000	-449,000
acquisitions, net of cash acquired of 362, 0 and 131, respectively
dispositions																																						0	0	0	200,000
other investing activity
proceeds from issuance of debt																																																		0
proceeds from exercise of stock options																																						0	0			216,000	19,000	1,076,000	937,000	432,000
net increase in cash and cash equivalents																														8,711,000	11,424,000	9,736,000	-20,704,000	-33,129,000	13,619,000	5,679,000	7,029,000				-14,539,000	14,842,000			7,347,000	9,071,000			8,794,000	14,893,000
cash and cash equivalents, beginning of year																														0	0	0	50,807,000	0	0	0	57,609,000	0	0	0	110,212,000	0	0	0	107,199,000	0	0	0	88,375,000	0
cash and cash equivalents, end of period																														8,711,000	11,424,000	9,736,000	30,103,000	-33,129,000	13,619,000	5,679,000	64,638,000		4,407,000	1,901,000	95,673,000		15,094,000	-34,270,000	114,546,000		13,508,000	-12,549,000	97,169,000
schedule of non-cash investing and financing activities:
note receivable received as consideration for sale of brokerage operations assets																																						0	0	0	150,000	421,000	0
increase in accounts payable for capitalization of trademark costs and purchases of property, equipment and software																														558,000	263,000	53,000	206,000	-15,000	111,000	65,000	134,000	61,000	-536,000	169,000	456,000	286,000	-78,000
contingent consideration issued in a business acquisition																																						100,000
purchases of property and equipment and capitalization of developed software and trademark costs
acquisitions, net of cash acquired of 362 and 0, respectively																															0
purchases of property, equipment and software																																	-691,000		-443,000	-650,000	-640,000	-1,166,000	-1,123,000	-717,000	-1,389,000	-1,480,000	-1,147,000	-584,000	-335,000	-1,009,000	-315,000	-250,000	-452,000	-432,000
acquisitions																																	-26,250,000
equity in earnings of investees
distributions received from equity investees
acquisitions, net of cash acquired of 0, 131 and 0, respectively
establishment of amounts payable under tax receivable agreements
establishment of deferred tax assets
proceeds from sale of property and equipment																																						38,000				8,000	6,000	1,000	10,000	3,000	1,000			10,000
capitalization of trademark costs																																			-15,000	-16,000	-17,000	-72,000	-19,000	-3,000	-13,000	-21,000	-20,000	-18,000	-23,000	-31,000	-33,000	-33,000	-25,000	-58,000
acquisitions, net of cash acquired of 0 and 131, respectively
payments on capital lease obligations																																						-3,000	-21,000	-24,000	-27,000	-85,000	-83,000	-83,000	-71,000	-48,000	-53,000	-49,000	-54,000	-55,000
capital lease for property and equipment
dividends paid to class a common stockholders																																					-3,184,000	-2,646,000	-2,647,000	-2,647,000	-2,638,000	-1,549,000	-1,542,000
non-cash interest expense																																						110,000	112,000	108,000	115,000	115,000	115,000	112,000	97,000	92,000	87,000	97,000	89,000	136,000
changes in operating assets and liabilities:
payment pursuant to tax receivable agreements																																						0	0	0	-1,344,000
acquisitions, net of cash acquired of 466
cost to sell assets																																						0	0	0	-146,000	-312,000	0
debt issuance and capitalized debt amendment costs
cash and cash equivalents, end of year																																																		14,893,000
cash paid for interest and debt amendment costs																																								1,971,000	2,280,000	2,193,000	2,225,000
capital leases for property and equipment																																						15,000	0	3,000	30,000	0	0	0	412,000	0	0	0	18,000	345,000
deferred income tax expense and other																																							715,000	1,376,000	1,153,000		748,000
acquisitions, net of cash acquired of 131																																							-8,000,000	-1,500,000	-8,369,000
net decrease in cash and cash equivalents																																							4,407,000
cash paid for interest and debt amendment costs, net of capitalized interest
dividends payable to class a common stockholders																																													19,383,000				725,000
(gain) loss on sale or disposition of assets
proceeds from issuance of class a common stock in initial public offering
payments of costs directly associated with issuance of class a common stock
purchase of common units from rmco, llc
excess tax benefit realized on exercise of stock options and delivery of vested restricted stock units																																										359,000	50,000
cancellation of vested restricted stock units for required tax withholding payments
tax distributions payable to non-controlling unitholders
gain on sale or disposition of assets																																											9,000
disposition																																											0
cancellation of vested restricted stock units for required tax withholding
cash paid for income taxes																																											1,685,000	1,521,000	846,000		2,627,000	3,100,000	1,097,000	678,000
equity-based compensation																																												526,000	142,000	1,470,000	200,000	74,000	258,000	2,294,000
deferred revenue and deposits																																												426,000	1,550,000	-131,000	-324,000
distributions to non-controlling unitholders																																													-65,000	-3,316,000	-4,444,000	-11,885,000	-2,552,000
excess tax benefit realized on exercise of stock options																																													1,105,000
cash paid for interest and for debt amendment costs																																													2,712,000
increase in accounts payable for capitalization of trademark costs and purchases of property and equipment																																													148,000
distributions payable to non-controlling unitholders																																													30,830,000				6,100,000
increase in accounts and notes receivables from exercise of stock options																																													12,000
payment pursuant to tax receivable agreement
debt issuance costs																																																		-44,000
excess tax benefit realized on delivery of vested restricted stock units and exercise of stock options																																														557,000
note receivable related to sale of assets of regional franchising operations
dividends to class a common stockholders																																															-724,000
deferred offering costs
tax withholding payment for vested restricted stock units upon delivery																																															0
increase in accounts payable for capitalization of trademark costs
advances to/from affiliates
excess tax benefit realized on delivery of vested restricted stock units
accounts and notes receivable																																																	-1,898,000	1,093,000
advances to affiliates																																																	72,000	183,000
deferred revenue																																																	416,000	247,000
distribution to member in connection with combination of entity under common control
schedule of non-cash activities:
initial establishment of deferred tax assets
initial establishment of amounts payable under tax receivable agreements
current and noncurrent liabilities
member distributions
schedule of noncash investing and financing activities:
member distributions payable
proceeds from issuance of common stock
cash and cash equivalents, beginning of period

RE/MAX Holdings, Inc(NYSE:RMAX)

RE/MAX Holdings, Inc
(NYSE:RMAX)