📊 RMAX Key Takeaways
Is RE/MAX Holdings, Inc. (RMAX) a Good Investment?
RE/MAX is unprofitable with deteriorating fundamentals, reporting negative operating income (-$7.8M), negative operating cash flow (-$1.8M), and declining revenue (-5.2% YoY). Most critically, total liabilities ($614.0M) exceed total assets ($572.3M), creating insolvency risk, while negative interest coverage (-33.4x) indicates the company cannot service its $431.4M debt burden from operations, raising default risk.
RE/MAX generates solid operating cash flow and maintains good liquidity, with a healthy 16% operating margin and positive free cash flow despite a soft market. However, declining revenue and a sharp drop in net income, combined with meaningful leverage and interest costs, are suppressing returns (low ROE/ROA) and limiting near-term upside. Stabilization in top-line trends and debt reduction are needed before a more constructive view.
RE/MAX Holdings, Inc. Key Strengths (RMAX)
- Maintains $107.1M cash providing short-term liquidity runway
- Current ratio of 1.57x indicates adequate near-term ability to meet obligations
- Still generating $70.2M in quarterly revenue despite headwinds
- Asset-light franchise model supports resilient operating margin and cash generation
- Strong liquidity (current/quick 1.69x) and 11.5% FCF margin
- Adequate interest coverage (~5.1x) provides cushion against higher rates
RMAX Stock Risks: RE/MAX Holdings, Inc. Investment Risks
- Liabilities exceed assets by $41.7M, creating technical insolvency and bankruptcy risk
- Negative operating cash flow of -$1.8M unsustainable long-term with $431.4M long-term debt
- Cannot cover interest expenses from operations (negative interest coverage ratio)
- Revenue declining 5.2% YoY while company remains deeply unprofitable
- Significant covenant violation risk given negative fundamentals and debt burden
- Revenue decline (-5.2% YoY) and net income down sharply (-39.3% YoY) pressure profitability
- Leverage remains elevated (LT debt $432M; D/E ~0.96x) increasing sensitivity to interest costs and refinancing
- Exposure to cyclical housing transactions could prolong weak growth
Key Metrics to Watch
- Quarterly operating cash flow and burn rate
- Revenue stabilization and return to growth
- Operating margin path to profitability
- Debt covenant compliance status
- Net debt reduction or refinancing activity
- Revenue growth (YoY)
- Interest coverage ratio
RE/MAX Holdings, Inc. (RMAX) Financial Metrics & Key Ratios
💡 AI Analyst Insight
RE/MAX Holdings, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
RMAX Profit Margin, ROE & Profitability Analysis
RMAX vs Real Estate Sector: How RE/MAX Holdings, Inc. Compares
How RE/MAX Holdings, Inc. compares to Real Estate sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is RE/MAX Holdings, Inc. Stock Overvalued? RMAX Valuation Analysis 2026
Based on fundamental analysis, RE/MAX Holdings, Inc. has mixed fundamental signals relative to the Real Estate sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
RE/MAX Holdings, Inc. Balance Sheet: RMAX Debt, Cash & Liquidity
RMAX Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: RE/MAX Holdings, Inc.'s revenue has remained relatively flat over the 5-year period, with a 1% decline. The most recent EPS of $1.51 reflects profitable operations.
RMAX Revenue Growth, EPS Growth & YoY Performance
RMAX Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $70.2M | -$2.0M | N/A |
| Q3 2025 | $73.2M | $966.0K | N/A |
| Q2 2025 | $72.8M | $352.0K | N/A |
| Q1 2025 | $74.5M | -$2.0M | N/A |
| Q3 2024 | $78.5M | $966.0K | N/A |
| Q2 2024 | $78.5M | $352.0K | N/A |
| Q1 2024 | $78.3M | -$671.0K | N/A |
| Q3 2023 | $81.2M | $140.0K | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
RE/MAX Holdings, Inc. Dividends, Buybacks & Capital Allocation
RMAX SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for RE/MAX Holdings, Inc. (CIK: 0001581091)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| May 14, 2026 | 4 | xslF345X06/form4-05142026_080510.xml | View → |
| May 14, 2026 | 4 | xslF345X06/form4-05142026_080509.xml | View → |
| May 14, 2026 | 4 | xslF345X06/form4-05142026_080507.xml | View → |
| May 14, 2026 | 4 | xslF345X06/form4-05142026_080505.xml | View → |
| May 14, 2026 | 4 | xslF345X06/form4-05142026_080503.xml | View → |
❓ Frequently Asked Questions about RMAX
What is the AI rating for RMAX?
RE/MAX Holdings, Inc. (RMAX) has a Combined AI Grade of C from Claude (D) and ChatGPT (B) with 77% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are RMAX's key strengths?
Claude: Maintains $107.1M cash providing short-term liquidity runway. Current ratio of 1.57x indicates adequate near-term ability to meet obligations. ChatGPT: Asset-light franchise model supports resilient operating margin and cash generation. Strong liquidity (current/quick 1.69x) and 11.5% FCF margin.
What are the risks of investing in RMAX?
Claude: Liabilities exceed assets by $41.7M, creating technical insolvency and bankruptcy risk. Negative operating cash flow of -$1.8M unsustainable long-term with $431.4M long-term debt. ChatGPT: Revenue decline (-5.2% YoY) and net income down sharply (-39.3% YoY) pressure profitability. Leverage remains elevated (LT debt $432M; D/E ~0.96x) increasing sensitivity to interest costs and refinancing.
What is RMAX's revenue and growth?
RE/MAX Holdings, Inc. reported revenue of $70.2M.
Does RMAX pay dividends?
RE/MAX Holdings, Inc. does not currently pay dividends.
Where can I find RMAX SEC filings?
Official SEC filings for RE/MAX Holdings, Inc. (CIK: 0001581091) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is RMAX's EPS?
RE/MAX Holdings, Inc. has a diluted EPS of $0.60.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is RMAX's fundamental grade?
Based on our AI fundamental analysis in June 2026, RE/MAX Holdings, Inc. has a C grade with 77% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is RMAX stock overvalued or undervalued?
Valuation metrics for RMAX: ROE of -2.2% (sector avg: 8%), net margin of -13.9% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.
What is RMAX's AI grade for 2026?
Our dual AI analysis gives RE/MAX Holdings, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is RMAX's free cash flow?
RE/MAX Holdings, Inc.'s operating cash flow is $-1.8M, with capital expenditures of $2.4M. FCF margin is -6.1%.
How does RMAX compare to other Real Estate stocks?
Vs Real Estate sector averages: Net margin -13.9% (avg: 20%), ROE -2.2% (avg: 8%), current ratio 1.57 (avg: 1.5).