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Re Max Holding(RMAX)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 30 days
PROFIT SINCE LAST BUY
+24.86% ▲
LAST CLOSE
$15.52
09/24/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for RMAX

09/24/2026: RMAX (1-star) has a low Upturn Star Rating. Not recommended to BUY.

RE/MAX Holdings, Inc. is a well-established real estate franchisor operating an asset-light model that supports thousands of independent agents globally. The company’s primary strength lies in its strong brand identity and recurring fee-based revenue, which provides financial stability. Its main growth opportunity involves scaling its Motto Mortgage and wemlo fintech services within its existing network. However, the company faces significant risks from cyclical housing markets, intense competition from digital-first brokerage platforms, and industry-wide regulatory pressure on commission structures. The stock may best suit dividend-oriented investors who can tolerate sector-specific volatility while monitoring legal developments and the company’s ability to modernize its agent technology platforms.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth potential is tempered by cyclical housing market volatility and industry-wide regulatory headwinds.
Momentum investorWeak fitThe stock often lacks strong momentum due to the prevailing challenges facing the residential real estate sector.
Value investorMixed fitThe valuation may appear attractive in certain market environments, but significant risks to the underlying business model persist.
Dividend investorStrong fitThe company has a history of consistent dividend payments fueled by its recurring fee-based franchise model.
Low-risk investorWeak fitHigh exposure to real estate market cycles and legal risks creates significant volatility unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock price is highly sensitive to interest rate changes and housing market data releases.
Valuation riskMediumMarket sentiment regarding the future of the broker-commission model can lead to rapid repricing.
Competition risk (Digital Brokerage)HighTech-enabled competitors threaten to disrupt traditional commission structures and agent loyalty.
Business qualityMediumThe franchise model generates recurring cash, but agent churn remains a persistent operational challenge.
Dividend incomeMediumWhile dividends are paid, they are subject to board approval and the health of the broader housing market.
Execution riskMediumSuccessful growth depends on effectively navigating complex legal environments and maintaining agent productivity.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -15.8%
Avg. Invested days 32
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/24/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
RMAX receives a 3-star rating, supported by solid company fundamentals. The rating is constrained by soft analyst coverage, and limited analyst upside.

Company Fundamentals

★★★★★
RMAX has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+14.5%) and solid cash generation (FCF margin 11.5%) are partially offset by negative revenue growth (-5.2%), soft profitability (net margin 2.8%).

Financial Health Rating

★★★★★
RMAX's financial health is supported by solid cash strength, including free-cash-flow generation (11.5% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is RMAX's strongest growth driver at +14.5% FY2025 versus FY2024 (solid, 4 stars). By comparison, while revenue growth (-5.2%, negative) and free-cash-flow growth (-36.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 86.2% and approximately 79.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 6.95% supports management-shareholder alignment.

Top 5 Institutional Investors

Capital World Investors 4.22%
BlackRock Inc 3.89%
Vanguard Capital Management, LLC 2.30%
Dimensional Fund Advisors, Inc. 2.08%
Alberta Investment Management Corp 2.01%

Unit Economics (Per $1K Revenue)

★★★★★
RMAX generates approximately $576 of gross profit, $156 of operating income, and $115 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 31.56%

Quantitative Style Profile

★★★★★
RMAX has a liquid profile. Elevated volatility is the primary drawback.

Style Classification

Quality Focused

Momentum LeaderValue-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 681.16M USD
Price to earnings Ratio -
1Y Target Price 11.4
Price to earnings Ratio -
1Y Target Price 11.4
Volume (30-day avg) 144.9K shares
Beta 1.84
52 Weeks Range 5.46 - 16.62
Updated Date 09/24/2026
52 Weeks Range 5.46 - 16.62
Updated Date 09/24/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.41

How Company Makes Money

Business areaWhat it includesRetail investor read
Franchise Sales & RenewalsInitial franchise fees and recurring annual dues paid by RE/MAX brokerage owners.This is the 'bread and butter' recurring revenue that provides the company's core financial stability.
Mortgage ServicesFranchise fees and processing services from Motto Mortgage and wemlo.A newer, diversifying business segment intended to capture more value from the existing homebuying transaction ecosystem.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 12.08
Enterprise Value 605.00M
Price to Sales(TTM) 2.41
Enterprise Value 605.00M
Price to Sales(TTM) 2.41
Enterprise Value to Revenue 2.14
Enterprise Value to EBITDA 12.26
Shares Outstanding 21.32M
Shares Floating 16.98M
Shares Outstanding 21.32M
Shares Floating 16.98M
Percent Insiders 6.95
Percent Institutions 86.17

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Re Max Holding

Exchange NYSE
Headquarters Denver, CO, United States
IPO Launch date 2013-10-02
CEO & Director Mr. W. Erik Carlson
Sector Real Estate
Industry Real Estate Services
Full time employees 519
Full time employees 519

As of August 24, 2026, RE/MAX Holdings, Inc. was acquired by The Real Brokerage Inc. RE/MAX Holdings, Inc. operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. The Real Estate segment comprises real estate brokerage franchising services under the RE/MAX brand name, as well as with corporate-wide shared services. The Mortgage segment provides brokerage franchising services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand name; and mortgage loan processing software and services under the wemlo brand name. The Marketing Funds segment manages marketing campaigns and agent marketing technology. The company also provides the BoldTrail platform, which integrates a suite of digital products that enables agents, brokers, and teams to establish, manage, and grow client relationships; and the RE/MAX University platform, a learning hub designed to help each agent with their professional. RE/MAX Holdings, Inc. was founded in 1973 and is headquartered in Denver, Colorado.