---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-003056"
form_type: "8-K"
ticker: "RMAX"
cik: "0001581091"
company_name: "RE/MAX Holdings, Inc."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:26:44.690737+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RE/MAX Q4 revenue down 8.9% to $81.3M; net loss $2.6M; guidance below 2022 levels

## Summary
- Q4 total revenue $81.3M (down 8.9% YoY); net loss $2.6M vs net income $3.1M in Q4 2021.
- Q4 adjusted EBITDA $26.5M (down 14.6%); adjusted EPS $0.41 vs $0.60 a year ago.
- Full-year 2022 revenue $353.4M (+7.2%); net income $4.8M; GAAP EPS $0.26.
- Total agent count +1.4% to 144,014; U.S./Canada combined -1.9% to 83,839.
- Q1 2023 guidance: revenue $82-87M, adjusted EBITDA $18.5-21.5M; FY2023 revenue $315-335M.

## SEC filing metadata
- accession: 0000950170-23-003056
- form_type: 8-K
- ticker: RMAX
- cik: 0001581091
- company_name: RE/MAX Holdings, Inc.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581091/000095017023003056/0000950170-23-003056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581091/000095017023003056/rmax-20230216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-003056
- JSON: https://secwatch.observer/filing/0000950170-23-003056.json
- Plain text: https://secwatch.observer/filing/0000950170-23-003056.txt

## Key facts
- Earnings Releases
  RE/MAX Holdings, Inc. reported full year ended December 31, 2022 results: revenue $353.4 million, net income Net income attributable to RE/MAX Holdings, Inc. of $4.8 million, EPS income per diluted share (GAAP EPS) of $0.26.
  - Period: full year ended December 31, 2022
  - Revenue: $353.4 million
  - Net income: Net income attributable to RE/MAX Holdings, Inc. of $4.8 million
  - EPS: income per diluted share (GAAP EPS) of $0.26
  - Result: reported results
  source text: Total Revenue increased 7.2% to $353.4 million Revenue excluding the Marketing Funds 1 increased 6.4% to $263.1 million, driven by 7.8% growth attributable to acquisitions, partially offset by negative 0.8% organic growth 2 and adverse foreign currency movements of 0.6% Net income attributable to RE/MAX Holdings, Inc. of $4.8 million and income per diluted share (GAAP EPS) of $0.26
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581091/000095017023003056/0000950170-23-003056-index.htm
- Earnings Releases
  RE/MAX Holdings, Inc. reported fourth quarter ended December 31, 2022 results: revenue $81.3 million, net income Net loss attributable to RE/MAX Holdings, Inc. of $2.6 million, EPS loss per diluted share (GAAP EPS) of $0.14.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $81.3 million
  - Net income: Net loss attributable to RE/MAX Holdings, Inc. of $2.6 million
  - EPS: loss per diluted share (GAAP EPS) of $0.14
  - Result: reported results
  source text: Total Revenue decreased 8.9% to $81.3 million Revenue excluding the Marketing Funds 1 decreased 10.2% to $59.4 million, driven by negative 9.1% organic growth 2 and adverse foreign currency movements of 1.1% Net loss attributable to RE/MAX Holdings, Inc. of $2.6 million and loss per diluted share (GAAP EPS) of $0.14
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581091/000095017023003056/0000950170-23-003056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.