Company Analysis

RE/Max Holdings, Inc. (RMAX)

RMAX · Real Estate Agents & Managers (For Others) · Denver, CO · filing with the SEC since 2013
Grade4.6
◀ Past 3.6● Present 4.8▶ Future 5.0
2 est.

The grade of RE/Max Holdings, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.6/10
◀ Past3.625% of the headline
● Present4.845% of the headline
▶ Future5.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.6/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.4/10

Has it survived what it has been through?

7 warning events since 2017; the latest 2026-08-24.

weight 45% of this tense · 24th percentile among 17 sector filers · read for itself

From the record

RE/Max Holdings, Inc.'s filings since 2017 show 7 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2026-08-24); an auditor change (8-K item 4.01, the latest 2023-03-13); a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2021-11-10) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.8/10

What has it actually done, year after year?

+5.8% a year over 10 filed years; profitable in 8 of 10.

weight 33% of this tense · 48th percentile among 17 sector filers · read for its customers

From the record

RE/Max Holdings, Inc.'s 10 filed years say what it did: revenue went from $176 million in fiscal 2016 to $292 million in fiscal 2025, up 5.8% a year; it rose in 5 of 9 years; the deepest fall was 17% from fiscal 2022 to fiscal 2025; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.8%bottom 26% of its family
  • the share of years revenue rosebottom 26% of its family
  • the share of filed years with a profittop 24% of its family
  • the deepest fall from a revenue peak17.5%top 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.6/10

How has it treated the people who own it?

SI estimate 4.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 46th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 46% of 16 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 16 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: RE/Max Holdings, Inc.'s shareholder treatment is put at 4.6 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 46% of 16 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.8/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

SI estimate
5.1/10

Is it financially healthy right now?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 17 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the four checks can be read, so the desk assumes the typical reading of its industry family, the median of 17 members with one.
What the record cannot read
Fewer than two of the four checks can be read.
How it was reasoned
family median, 17 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: RE/Max Holdings, Inc.'s financial health is put at 5.1 of 10 with a confidence of 20 of 100, because fewer than two of the four checks can be read, so the desk assumes the typical reading of its industry family, the median of 17 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
4.5/10

How strong is its position in its industry?

bottom 45% of 17 in its family; net margin 4.6%.

weight 45% of this tense · 45th percentile among 17 sector filers · read for its customers

From the record

RE/Max Holdings, Inc.'s standing among 17 graded names in its industry family: revenue of $292 million in fiscal 2025 ranks in the bottom 23% by size; a net margin of 4.6% ranks in the top 9%; revenue growth of -6.2% a year over the last 3 filed years ranks in the bottom 21% (its annual reports).

What it rests on

  • revenue against the family$292Mbottom 23% of its family
  • net margin4.6%top 9% of its family
  • three-year revenue growth-6.2%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.7/10

What are the people in charge doing?

bottom 47% of 12 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 47th percentile among 12 sector filers · read for its shareholders

From the record

RE/Max Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Carlson, W. Erik (CHIEF EXECUTIVE OFFICER, as filed), filing under that title since 2023-11-13, 3 years (top 50% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 4.1 years (top 46%); 13 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (bottom 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge13 in three years among 14 peoplebottom 38% of its family
  • the median years the people in charge have filed4.1 yearstop 46% of its family
  • the chief executive's years on the record3.0 yearstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.4/10

How much room does it have to grow?

bottom 44% of 17 in its family for room to expand.

weight 33% of this tense · 44th percentile among 17 sector filers · read for itself

From the record

RE/Max Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $119 million against debt of $432 million leaves -53.8% of its assets as net cash, bottom 3% of its family; cash from operations less capital spending is 11.5% of revenue (top 15%) (its annual report).

What it rests on

  • cash less debt against assets-53.8%bottom 3% of its family
  • cash from operations less capital spending against revenue11.5%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.2/10

What could actually drive growth from here?

bottom 32% of 17 in its family for growth drivers.

weight 33% of this tense · 32nd percentile among 17 sector filers · read for its customers

From the record

RE/Max Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -6.2% a year over the last three filed years against 5.8% over all 10, slowing (bottom 38% of its family); the newest year grew -5.2% (bottom 15%); capital spending grew -9.4% a year (bottom 43%) (its annual reports). RE/Max Holdings, Inc. reported 3 lines of business in fiscal 2025: Franchising at $205 million (70%), Marketing Funds at $73 million (25%), Mortgage at $14 million (5%); 0 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-12.0 points a yearbottom 38% of its family
  • the newest year's revenue growth-5.2%bottom 15% of its family
  • three-year growth of capital spending-9.4%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.4/10

Did its newest year beat what its own record pointed to?

top 26% of 15 in its family for expectations against reality.

weight 33% of this tense · 74th percentile among 15 sector filers · read for its shareholders

From the record

RE/Max Holdings, Inc.'s newest year against its own record: revenue of $292 million in fiscal 2025 came in 1.6% above the $287 million its prior three years' pace pointed to (bottom 37% of its family); net income of $13 million against a prior three-year average of $27 million (top 3%); a net margin of 4.6% against -8.2% before (top 10%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace1.6%bottom 37% of its family
  • net income against the prior three years' average+151%top 3% of its family
  • net margin against its prior average+12.8 pointstop 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton RMAX · research, not advice