Re/Max Holdings (RMAX)
NYSE:RMAX
Top Page
Re/Max Holdings
(NYSE:RMAX)
Select Model
Select Model
Rating:59Neutral
Price Target:
$6.50
▼(-19.65% Downside)
Action:ReiteratedDate:03/26/26
The score is anchored by improving profitability/cash flow and better leverage, plus constructive FY2026 guidance and strategic progress from the earnings call. These positives are tempered by a severe multi-year revenue decline and weak technical momentum (below key moving averages with negative MACD), with the litigation settlement a modest near-term cash negative despite reducing uncertainty.
Re/Max Holdings (RMAX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$189.67M
Dividend YieldN/A
Average Volume (3M)165.48K
Price to Earnings (P/E)18.5
Beta (1Y)1.37
Revenue Growth-6.06%
EPS GrowthN/A
CountryUS
Employees536
SectorN/A
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.30
Shares Outstanding20,142,454
10 Day Avg. Volume123,877
30 Day Avg. Volume165,478
Financial Highlights & Ratios
PEG Ratio2.34
Price to Book (P/B)0.33
Price to Sales (P/S)0.52
P/FCF Ratio4.50
Enterprise Value/Market Cap2.41
Enterprise Value/Revenue1.57
Enterprise Value/Gross Profit2.22
Enterprise Value/Ebitda6.00
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Re/Max Holdings Business Overview & Revenue Model
Company Description
RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It offers rea...
How the Company Makes Money
Re/Max Holdings primarily makes money through a franchise model. Key revenue streams include: (1) Franchise fees and dues: Ongoing fees paid by RE/MAX real estate franchises and Motto Mortgage franchises for the right to operate under the brands a...
Re/Max Holdings Earnings Call Summary
Earnings Call Date:Feb 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call emphasized strong operating discipline, margin performance and strategic progress (record agent count, largest brokerage conversion, product adoption and digital monetization traction), along with improved leverage and clear guidance — all positives. However, headwinds persist from a multi-year slow housing market, a small organic revenue decline and some one-time operating charges and franchise transition impacts. Overall, management portrayed cautious optimism: momentum in strategic initiatives and balance-sheet flexibility offset near-term macro and revenue pressures.Positive Updates
Strong Quarterly Financial Results
Total revenue of $71.1M; adjusted EBITDA of $22.4M; adjusted EBITDA margin of 31.5%; adjusted diluted EPS of $0.30 for Q4 2025.
Negative Updates
Persistently Weak Housing Market
2025 marked the third consecutive year of a historically slow housing market; mortgage rates near ~6% and macro uncertainty continue to pressure activity and timelines despite underlying demand.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Quarterly Financial Results
Total revenue of $71.1M; adjusted EBITDA of $22.4M; adjusted EBITDA margin of 31.5%; adjusted diluted EPS of $0.30 for Q4 2025.
Read all positive updates
Company Guidance
RE/MAX provided Q1 and full‑year 2026 guidance assuming no further currency moves, acquisitions or divestitures: Q1 agent count +1.5% to +2.5% vs. Q1 2025, revenue $69.0–$74.0 million (including $16–$18 million of marketing‑fund revenue) and adjusted EBITDA $14–$17 million; full‑year agent count +1.5% to +3.5% vs. FY2025, revenue $285–$305 million (including $66–$70 million of marketing‑fund revenue) and adjusted EBITDA $90–$100 million. Management noted a year‑end total leverage ratio of 3.12x (Dec. 31) and expects to remain below 3.5x throughout 2026 while balancing reinvestment, cash build and potential return of capital.Re/Max Holdings Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
68
Positive
Cash Flow
63
Positive
| Breakdown |
|---|
Income Statement |
| Total Revenue |
| Gross Profit |
| EBITDA |
| Net Income |
Balance Sheet |
| Total Assets |
| Cash, Cash Equivalents and Short-Term Investments |
| Total Debt |
| Total Liabilities |
| Stockholders Equity |
Cash Flow |
| Free Cash Flow |
| Operating Cash Flow |
| Investing Cash Flow |
| Financing Cash Flow |
Re/Max Holdings Technical Analysis
Negative
8.09
Price Trends
6.50
Negative
7.20
Negative
7.93
Negative
Market Momentum
-0.19
Negative
42.53
Neutral
39.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RMAX, the sentiment is Negative. The current price of 8.09 is above the 20-day moving average (MA) of 5.90, above the 50-day MA of 6.50, and above the 200-day MA of 7.93, indicating a bearish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 42.53 is Neutral, neither overbought nor oversold. The STOCH value of 39.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RMAX.
Re/Max Holdings Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
62 Neutral | $528.69M | -48.05 | -17.31% | ― | 65.60% | 69.72% | |
59 Neutral | $189.67M | 18.48 | 1.84% | ― | -6.06% | ― | |
57 Neutral | $954.02M | -63.56 | -10.00% | 2.09% | 5.08% | 41.21% | |
56 Neutral | $2.82B | 24.52 | 8.82% | 0.68% | 22.22% | 94.52% | |
48 Neutral | $145.56M | 13.94 | 10.23% | ― | 6.62% | 30.94% |
* Sector Average
RMAX
Re/Max Holdings
5.80
-1.41
-19.56%
EXPI
eXp World Holdings
5.99
-2.97
-33.12%
NMRK
Newmark Group
15.30
5.06
49.34%
REAX
Real Brokerage
2.49
-1.78
-41.69%
DOUG
Douglas Elliman Inc.
1.65
0.07
4.43%
Re/Max Holdings Corporate Events
Business Operations and StrategyLegal Proceedings
Re/Max Settles Class Action, Reducing Litigation Uncertainty
Negative
Mar 25, 2026
On March 19, 2026, RE/MAX, LLC entered into a Stipulation and Agreement of Settlement to resolve all remaining claims against it in the putative class action Mya Batton et al. v. The National Association of Realtors et al., which had been pending ...
Business Operations and StrategyExecutive/Board Changes
RE/MAX Elevates Leadership to Drive Global Growth Strategy
Positive
Feb 18, 2026
On February 17, 2026, RE/MAX, LLC promoted Chris Lim to President and Chief Growth Officer, formalizing his oversight of the company’s global network and long-term strategic vision while granting him a compensation package heavily tied to pe...
Executive/Board Changes
RE/MAX Holdings Announces Immediate Resignation from Board
Neutral
Feb 11, 2026
On February 10, 2026, RE/MAX Holdings, Inc., a major real estate franchisor serving a global network of residential and commercial brokers, announced a change in its board composition. On that date, Dr. Christine Riordan informed the company’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.