---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-037190"
form_type: "8-K"
ticker: "RMAX"
cik: "0001581091"
company_name: "RE/MAX Holdings, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:32:54.246968+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RE/MAX Q2 revenue down 10.6% to $82.4M; adjusted EBITDA falls 24.2%

## Summary
- Net income $2.0M ($0.11 GAAP EPS) vs $5.8M ($0.30) a year ago; adjusted EPS $0.40 vs $0.68.
- U.S. agent count fell 6.3% YoY; total agent count up 0.4% to 144,510; Motto franchise offices up 17.5%.
- Adjusted EBITDA $26.6M (32.3% margin) vs $35.1M (38.1% margin) in Q2 2022.
- Quarterly dividend of $0.23/sh declared, payable Aug 29; $62.5M remains on share buyback program.
- Full-year 2023 revenue guidance tightened to $320-$332M; adjusted EBITDA guided $92-$98M (down from $95-$105M).

## SEC filing metadata
- accession: 0000950170-23-037190
- form_type: 8-K
- ticker: RMAX
- cik: 0001581091
- company_name: RE/MAX Holdings, Inc.
- filed_at: 2023-08-02T23:59:59+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/1581091/000095017023037190/0000950170-23-037190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581091/000095017023037190/rmax-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-037190
- JSON: https://secwatch.observer/filing/0000950170-23-037190.json
- Plain text: https://secwatch.observer/filing/0000950170-23-037190.txt

## Key facts
- Earnings Releases
  RE/MAX Holdings, Inc. reported quarter ended June 30, 2023 results: revenue $82.4 million, net income $2.0 million, EPS $0.11.
  - Period: quarter ended June 30, 2023
  - Revenue: $82.4 million
  - Net income: $2.0 million
  - EPS: $0.11
  - Result: reported results
  source text: herewith as Exhibit 99.1 and is incorporated herein by reference. --- EX-99.1 (EX-99.1) --- RE/MAX HOLDINGS, INC. REPORTS SECOND QUARTER 2023 RESULTS Total Revenue of $82.4 Million, Adjusted EBITDA of $26.6 Million DENVER, Aug. 2, 2023 /PRNewswire/ -- Second Quarter 2023 Highlights (Compared to second quarter 2022 unless otherwise noted) Total Revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581091/000095017023037190/0000950170-23-037190-index.htm

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