📊 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.
Why Buy RE/MAX Holdings, Inc. Stock? RMAX Key Strengths
- 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 Rating of SELL from Claude (STRONG SELL) and ChatGPT (HOLD) 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 rating reflects both perspectives for balanced insights.
Is RMAX a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, RE/MAX Holdings, Inc. has a SELL rating with 77% confidence. Review the strengths and risks sections above before making a decision. 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.
Should I buy RMAX stock in 2026?
Our dual AI analysis gives RE/MAX Holdings, Inc. a combined SELL rating 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).