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RMAX Financials RE/MAX Holdings, Inc.

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
-$98M $127M $353M $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-30% 10% 51% 0% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $37M $74M 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $226M $452M 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$195M -$3M $189M $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 16.2 32.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.5 1.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.