RE/MAX Q4 revenue $72.5M (-5.4% YoY); US/Canada agent count down 4.8%

RE/MAX Holdings, Inc.

Net income of $5.8M, diluted EPS $0.29 (vs loss per share of $0.60 a year ago). Adjusted EPS $0.30.
Adjusted EBITDA $23.3M (+1.6% YoY); margin 32.2% vs 30.0% prior year.
Total agent count +1.2% to 146,627, but US/Canada combined fell 4.8% to 76,457.
Q1 2025 outlook: revenue $71M-$76M; Adjusted EBITDA $16M-$18.5M, below current consensus.
Full-year 2025 guidance: revenue $290M-$310M; Adjusted EBITDA $90M-$100M.

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