13 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 1.9% per year over the past 5 years.
Net income has grown faster than revenue (3.6% vs 1.9% per year).
Operating margin has expanded, at 16.1% in the latest year.
Free cash flow has declined 12.1% per year over the past 5 years.
Financial health
Total debt ($437M) exceeds cash ($119M); net debt is $318M.
Total debt has grown faster than revenue (14.3% vs 1.9% per year).
Total debt is 6.0× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$292M
$13M
0.0%
16.1%
$34M
$437M
$119M
2024
$308M
$8M
0.0%
13.1%
$53M
$441M
$97M
2023
$326M
-$98M
0.0%
-3.3%
$22M
$445M
$83M
2022
$353M
$11M
0.0%
10.8%
$61M
$448M
$109M
2021
$330M
-$25M
0.0%
-3.0%
$27M
$452M
$126M
2020
$266M
$11M
0.0%
14.5%
$64M
$224M
$101M
2019
$282M
$25M
0.0%
24.4%
$66M
$226M
$83M
2018
$213M
$27M
0.0%
36.9%
$68M
$228M
$60M
2017
$194M
$10M
0.0%
50.8%
$61M
$229M
$51M
2016
$176M
$22M
0.0%
40.6%
$60M
$231M
$58M
2015
—
$16M
—
—
$74M
$200M
$110M
2014
—
$13M
—
—
—
$212M
$107M
2013
—
$2M
—
—
$49M
$228M
$88M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$70M
-$10M
0.0%
-11.1%
-$4M
$436M
$107M
Dec '25
$71M
$1M
0.0%
13.1%
$10M
$437M
$119M
Sep '25
$73M
$4M
0.0%
25.0%
$16M
$438M
$107M
Jun '25
$73M
$5M
0.0%
19.3%
$3M
$439M
$94M
Mar '25
$74M
-$2M
0.0%
7.2%
$4M
$440M
$89M
Dec '24
$72M
$6M
0.0%
5.9%
$16M
$441M
$97M
Sep '24
$78M
$966000
0.0%
19.4%
$16M
$442M
$84M
Jun '24
$78M
$4M
0.0%
20.6%
$14M
$443M
$66M
Mar '24
$78M
-$3M
0.0%
5.8%
$7M
$444M
$82M
Dec '23
$77M
-$11M
0.0%
-12.7%
$6M
$445M
$83M
Sep '23
$81M
-$59M
0.0%
-25.9%
$16M
$446M
$90M
Jun '23
$82M
$2M
0.0%
15.9%
-$2M
$446M
$97M
Mar '23
$85M
-$671000
0.0%
8.1%
$2M
$447M
$97M
Dec '22
$81M
-$1M
0.0%
10.4%
$8M
$448M
$109M
Sep '22
$89M
$140000
0.0%
5.9%
$21M
$449M
$118M
Jun '22
$92M
$6M
0.0%
18.3%
$20M
$450M
$118M
Mar '22
$91M
$1M
0.0%
8.4%
$13M
$451M
$118M
Dec '21
$89M
$3M
0.0%
11.7%
$23M
$452M
$126M
Sep '21
$91M
-$25M
0.0%
-41.3%
-$18M
$453M
$119M
Jun '21
$77M
$5M
0.0%
17.5%
$6M
$223M
$107M
Valuation over time
How the market has priced RMAX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 30.3× (Mar '23) to 12.6× (Jun '26).
The price-to-sales ratio has fallen from 0.9× (Mar '23) to 0.6× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is RMAX growing its revenue and profit?
Over the past 5 years, RE/MAX Holdings, Inc.'s revenue has grown 1.9% per year, and net income grown 3.6% per year. These are computed facts, not advice.
How much debt does RMAX have?
As of FY2025, RE/MAX Holdings, Inc. reported $437M of total debt against $119M of cash.
What is RMAX's profit margin?
In FY2025, gross margin was —, operating margin 16.1%, and net margin 4.6%.
What is RMAX's P/E ratio?
As of Jun '26, RE/MAX Holdings, Inc. traded at a price-to-earnings ratio of about 12.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.