---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-043523"
form_type: "8-K"
ticker: "RMAX"
cik: "0001581091"
company_name: "RE/MAX Holdings, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T00:24:46.057631+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# RE/MAX Q1 2025: Revenue down 4.9% to $74.5M, Adjusted EBITDA up 1.5% to $19.3M

## Summary
- Net loss $2.0M ($0.10 diluted GAAP EPS); Adjusted EPS $0.24 vs $0.20 prior year.
- Revenue $74.5M (-4.9% YoY); Revenue ex-Marketing Funds $55.6M (-4.3%).
- Total agent count +2.0% to 146,126; U.S./Canada agent count -5.0% to 75,010.
- Q2 2025 outlook: revenue $70-75M, Adj. EBITDA $22.5-$25.5M. FY 2025: $290-310M, Adj. EBITDA $90-100M.
- No share repurchases in Q1; $62.5M remains under buyback program.

## SEC filing metadata
- accession: 0001104659-25-043523
- form_type: 8-K
- ticker: RMAX
- cik: 0001581091
- company_name: RE/MAX Holdings, Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581091/000110465925043523/0001104659-25-043523-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581091/000110465925043523/tm2513784d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-043523
- JSON: https://secwatch.observer/filing/0001104659-25-043523.json
- Plain text: https://secwatch.observer/filing/0001104659-25-043523.txt

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