Highest-materiality recent filing
Q1 revenue $70.2M, down 5.7% YoY; net loss $9.7M vs $2.0M loss prior year.
RE/MAX shareholders elect 5.150 new shares or $13.80/sh cash; total cash prorated to $60M-$80M.
Real to acquire RE/MAX Holdings for ~$880M enterprise value, forming Real REMAX Group
Real (REAX) to acquire RE/MAX Holdings (RMAX) at enterprise value of ~$880M; combined entity named Real REMAX Group.
RE/MAX Q4 revenue $71.1M (-1.8%), net income $1.4M, adj. EBITDA $22.4M, agent count up 1.4%
Total revenue $71.1M, down 1.8% YoY; net income $1.4M ($0.07 diluted EPS) vs $5.8M ($0.29) prior year.
RE/MAX Q3 revenue down 6.7% to $73.3M; adjusted EBITDA $25.8M, US agent count down 5.1%
Net income $4.0M ($0.19 diluted EPS) vs $1.0M ($0.05) YoY; adjusted EPS $0.37 vs $0.38.
GAAP diluted EPS $0.23 vs $0.19; adjusted diluted EPS $0.39 vs $0.41; net income $4.7M.
RE/MAX Holdings CIO W. Grady Ligon to depart Sept 1, 2025; separation agreement signed
CIO W. Grady Ligon's last day expected September 1, 2025; departure not due to disagreement.
RE/MAX Q1 2025: Revenue down 4.9% to $74.5M, Adjusted EBITDA up 1.5% to $19.3M
Net loss $2.0M ($0.10 diluted GAAP EPS); Adjusted EPS $0.24 vs $0.20 prior year.
RE/MAX Q4 revenue $72.5M (-5.4% YoY); US/Canada agent count down 4.8%
Net income of $5.8M, diluted EPS $0.29 (vs loss per share of $0.60 a year ago). Adjusted EPS $0.30.
RE/MAX President Amy Lessinger resigns; US agent count down 7% YoY
Amy Lessinger resigns as President of RE/MAX, LLC effective January 17, 2025; search underway.
RE/MAX Q3 revenue $78.5M (-3.4% YoY); adj EBITDA up 2.0% to $27.3M; FY guidance raised
Net income $1.0M (GAAP EPS $0.05) vs net loss $59.5M in Q3 2023; adjusted EPS $0.38 vs $0.40.
RE/MAX Q2 net income $3.7M; revenue down 4.8% to $78.5M; Adjusted EBITDA up 5.4%
Net income $3.7M ($0.19 diluted EPS); Adjusted EBITDA $28.1M, +5.4% YoY; Adj. EPS $0.41.
RE/MAX receives final court approval of $55M antitrust class action settlement
District Court granted final approval of RE/MAX's $55M settlement in antitrust class actions (Burnett, Moehrl, Nosalek).
RE/MAX Q1 revenue down 8.3% to $78.3M; GAAP EPS loss $0.18, agent count declines
Total revenue $78.3M, down 8.3% YoY; GAAP diluted EPS loss $0.18.
RE/MAX Q4 loss widens to $10.9M; Amy Lessinger promoted to President after Bailey exit
Q4 revenue $76.6M (-5.7% YoY); net loss $10.9M ($0.60 diluted loss); adjusted EBITDA $23.0M (-13.4%).
RE/MAX obtains preliminary approval of $55M antitrust class action settlement
Court granted preliminary approval for settlement in Burnett, Moehrl, and Nosalek lawsuits.
RE/MAX appoints former DISH CEO Erik Carlson as new CEO; board member
Erik Carlson named CEO and board member effective Nov 13, 2023; replaces interim CEO Stephen Joyce.
RE/MAX reports Total Leverage Ratio of 7.0:1 as of Sept 30, 2023, restricting dividends and buybacks
TLR of 7.0:1 based on consolidated EBITDA of $49.1M for trailing twelve months.
RE/MAX Q3 revenue falls 8.7% to $81.2M, net loss of $59.5M; suspends dividend
GAAP loss per share $3.28 vs income $0.01 a year ago; adjusted EPS $0.40 vs $0.56.
RE/MAX settles class-action commission lawsuits; to pay $55M and change business practices
RE/MAX LLC to pay $55M to settle nationwide class actions over real estate commission practices, subject to court approval.
Agreed to pay $55M settlement to resolve Burnett (W.D. Mo.) and Moehrl (N.D. Ill.) class actions over agent commission rules.
RE/MAX reduces workforce 7%, estimates $2.75-3.25M charge; reaffirms Q3/FY23 guidance
Workforce reduced by ~7%; affected employees notified Aug 18; expected complete by Sep 30, 2023.
RE/MAX Q2 revenue down 10.6% to $82.4M; adjusted EBITDA falls 24.2%
Net income $2.0M ($0.11 GAAP EPS) vs $5.8M ($0.30) a year ago; adjusted EPS $0.40 vs $0.68.
RE/MAX Q1 revenue $85.4M (-6.2% YoY), net loss $0.7M, Adjusted EBITDA $19.9M (-28.6%)
Total revenue $85.4M, down 6.2% YoY; revenue ex-Marketing Funds $64.1M, down 6.0%.
RE/MAX Q4 revenue down 8.9% to $81.3M; net loss $2.6M; guidance below 2022 levels
Q4 total revenue $81.3M (down 8.9% YoY); net loss $2.6M vs net income $3.1M in Q4 2021.
RE/MAX Q3 rev $88.9M (-2.3%), Adj EBITDA $31.5M (-9.5%), cuts FY22 guidance; CEO term extended
Q3 revenue $88.9M (-2.3% YoY); revenue ex-Marketing Funds $66.2M (-2.2%); agent count up 2.4% to 144,300.
RE/MAX Q2 revenue $92.2M (+19.3%), cuts FY2022 Adj EBITDA guidance to $123-128M
GAAP diluted EPS $0.30 vs $0.28 prior year; Adjusted diluted EPS $0.68 vs $0.64.
RE/MAX Holdings cuts 17% of workforce, launches team pilot, invests in mortgage
Workforce reduction of ~120 employees (17% of headcount) by end of 2022; pre-tax charge $5.75M-$6.75M in Q3 2022.
RE/MAX Q1 revenue $91M (+25.9% YoY), Adj EBITDA $27.9M (+20.5%); guides Q2 rev $91-94M
Revenue $91.0M (+25.9% YoY); organic growth 10.5%; Net income $1.5M, GAAP EPS $0.08
On June 17, 2025, RE/MAX Holdings, Inc. (the “Company”) announced that W. Grady Ligon, the Company’s Chief Information Officer, will be leaving the Company to pursue other opportunities closer to his home.
On March 25, 2025, Ward Morrison, President and CEO of Motto Mortgage and wemlo, subsidiaries of RE/MAX Holdings, Inc. (the “Company”), informed the Company of his intention to retire, effective June 15, 2025.
Adam Sartin, Vice President, Franchise Growth and Development, will lead the Motto Mortgage and wemlo brands while the Company continues its search for the next leader of Motto Mortgage and wemlo.
On January 3, 2025, Amy Lessinger, President of RE/MAX, LLC, a subsidiary of RE/MAX Holdings, Inc. (the “Company”), informed the Company of her resignation from her position, effective January 17, 2025.
On August 7, 2024, the Board appointed Cathleen Raffaeli to fill the vacancy that will be created by Ms. Cunningham’s retirement.
Kathleen Cunningham informed the Company that she would retire from the Company’s Board of Directors (the “Board”), effective August 19, 2024.
Effective June 3, 2024, Serene Smith, who served as Chief of Staff and Chief Operating Officer for RE/MAX Holdings, Inc. (the “Company”) and the Company’s principal operating officer, transitioned into a non-executive part-time role with the Company.
Laura Kelly passed away on March 15, 2024.
Mr. Bailey has been in a transitional role and his employment formally ended effective March 12, 2024.
Ms. Lessinger succeeds Nick Bailey, President and CEO of RE/MAX, who is leaving RE/MAX and the Company.
On February 22, 2024, Amy Lessinger was promoted to President of RE/MAX, LLC, a subsidiary of the Company (“RE/MAX”).
On November 7, 2023, the Board of Directors of RE/MAX Holdings, Inc. (the “Company”) appointed Erik Carlson as the Company’s Chief Executive Officer, effective November 13, 2023
Max materiality 0.85 · Median 0.62 · Most common event earnings