---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-026532"
form_type: "8-K"
ticker: "RMAX"
cik: "0001581091"
company_name: "RE/MAX Holdings, Inc."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:21:42.658074+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# RE/MAX Q4 loss widens to $10.9M; Amy Lessinger promoted to President after Bailey exit

## Summary
- Q4 revenue $76.6M (-5.7% YoY); net loss $10.9M ($0.60 diluted loss); adjusted EBITDA $23.0M (-13.4%).
- Q4 adjusted EPS $0.30 vs $0.41 YoY; full-year net loss $69.0M ($3.81 diluted loss per share).
- U.S./Canada agent count down 4.2% to 80,299; total agent count up 0.6% to 144,835.
- Amy Lessinger named President of RE/MAX LLC (base salary $355K), replacing Nick Bailey who leaves; Abby Lee and Susie Winders also promoted.
- Q1 2024 guidance: revenue $75-80M, adjusted EBITDA $16.5-19.5M; FY 2024 revenue $300-320M, EBITDA $90-100M.

## SEC filing metadata
- accession: 0001104659-24-026532
- form_type: 8-K
- ticker: RMAX
- cik: 0001581091
- company_name: RE/MAX Holdings, Inc.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581091/000110465924026532/0001104659-24-026532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581091/000110465924026532/tm246964d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-026532
- JSON: https://secwatch.observer/filing/0001104659-24-026532.json
- Plain text: https://secwatch.observer/filing/0001104659-24-026532.txt

## Key facts
- Earnings Releases
  RE/MAX Holdings, Inc. reported the full year ended December 31, 2023 results: revenue $325.7 million, net income Net loss attributable to RE/MAX Holdings, Inc. of $69.0 million, EPS loss per diluted share (GAAP EPS) of $3.81.
  - Period: the full year ended December 31, 2023
  - Revenue: $325.7 million
  - Net income: Net loss attributable to RE/MAX Holdings, Inc. of $69.0 million
  - EPS: loss per diluted share (GAAP EPS) of $3.81
  - Result: reported results
  source text: open Motto Mortgage franchises increased 6.5% to 246 offices 4 Full-Year 2023 Highlights (Compared to full year 2022 unless otherwise noted) § Total Revenue decreased 7.8% to $325.7 million § Revenue excluding the Marketing Funds 1 decreased 8.1% to $241.8 million, driven by negative 7.4% organic growth 2 and adverse foreign currency movements of 0.7% § Net loss
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581091/000110465924026532/0001104659-24-026532-index.htm
- Earnings Releases
  RE/MAX Holdings, Inc. reported the quarter ended December 31, 2023 results: revenue $76.6 million, net income Net loss attributable to RE/MAX Holdings, Inc. of $10.9 million, EPS loss per diluted share (GAAP EPS) of $0.60.
  - Period: the quarter ended December 31, 2023
  - Revenue: $76.6 million
  - Net income: Net loss attributable to RE/MAX Holdings, Inc. of $10.9 million
  - EPS: loss per diluted share (GAAP EPS) of $0.60
  - Result: reported results
  source text: EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm246964d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 RE/MAX HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS Total Revenue of $76.6 Million, Adjusted EBITDA of $23.0 Million DENVER, February 22, 2024 Fourth Quarter 2023 Highlights (Compared to fourth quarter 2022 unless otherwise noted) § Total Revenue decreased 5.7%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581091/000110465924026532/0001104659-24-026532-index.htm
- Executive change
  Nick Bailey departed as President and CEO of RE/MAX at RE/MAX Holdings, Inc..
  - Action: leaving
  - Role: President and CEO of RE/MAX
  source text: Ms. Lessinger succeeds Nick Bailey, President and CEO of RE/MAX, who is leaving RE/MAX and the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581091/000110465924026532/0001104659-24-026532-index.htm
- Executive change
  Amy Lessinger changed role as President of RE/MAX, LLC at RE/MAX Holdings, Inc..
  - Action: promoted
  - Role: President of RE/MAX, LLC
  source text: On February 22, 2024, Amy Lessinger was promoted to President of RE/MAX, LLC, a subsidiary of the Company (“RE/MAX”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581091/000110465924026532/0001104659-24-026532-index.htm

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