RE/MAX Holdings, Inc. (RMAX) AI Stock Analysis

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and globally. The company conducts business through three key segments: Real Estate, Mortgage, and Marketing Funds. Under Real Estate, it franchises the RE/MAX brand and provides tools, technology, its First mobile app, and RE/MAX University. The Mortgage segment operates under the Motto Mortgage brand, providing brokerage services, loan products, and personalized solutions. In addition, the wemlo brand offers mortgage loan processing software and services to support operational workflows for real estate and mortgage professionals.

Between FY2021 and FY2025, revenue shifted from $329.7M to $291.6M, reflecting a 5-year compound annual growth rate of 1.9%. Annual revenue declined 7.8% in FY2023, 5.5% in FY2024, and 5.2% in FY2025. Gross margin decreased from 75.0% in FY2021 and 74.3% in FY2024 to 57.6% in FY2025, while operating margin expanded to 15.6%. Net income reached $8.2M in FY2025 compared to -$69.0M in FY2023. For the trailing twelve months ending June 30, 2026, revenue stood at $283.1M with a net loss per share of -$0.41, as quarterly revenue fell 5.8% and quarterly earnings dropped 75.7% year-over-year.

As of June 30, 2026, RE/MAX Holdings held $112.4M in cash and short-term investments against total debt of $453.9M, resulting in net debt of $341.5M. Total assets were $567.4M, shareholders' equity was $443.9M, and the current ratio stood at 1.54 alongside a debt-to-equity ratio of 1.02. In FY2025, the company generated $40.9M in operating cash flow and $33.5M in free cash flow. For FY2025, capital allocation included $7.4M in capital expenditures, $4.6M used for share buybacks, and $498,000 paid in dividends.

At a closing price of $15.43 on October 16, 2026, RE/MAX Holdings had a market capitalization of $681.2M and an enterprise value of $605.0M. The stock trades at a forward P/E of 12.1x, an EV/EBITDA of 12.3x, and a price-to-sales multiple of 2.4x. These compare to medians of 23.5x for forward P/E, 14.7x for EV/EBITDA, and 3.7x for price-to-sales among its US-listed Real Estate peers. Over the past year, RMAX returned 84.1%, outperforming the S&P 500 return of 16.8%, though its 5-year return of -47.8% trailed the index return of 83.0%.

Wall Street analysts have a mean price target of $11.40 for RMAX, which sits 26.1% below its last close of $15.43. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $1.32 on revenue of $296.2M. For the following fiscal year, 3 analysts project EPS of $1.47, reflecting 10.8% growth, alongside revenue of $304.6M. Over the last four quarters, the company beat EPS estimates 3 times.

This page is an AI-written research summary of RE/MAX Holdings, Inc. (RMAX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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