Non-controlling Interest (Tables)

12 Months Ended

Dec. 31, 2024

Non-controlling Interest.

Summary of Ownership of the Common Units

Holdings is the sole managing member of RMCO and operates and controls all the business affairs of RMCO. The ownership of the common units in RMCO is summarized as follows:

	December 31, 2024			December 31, 2023
	Shares	Ownership %		Shares	Ownership %
Non-controlling interest ownership of common units in RMCO	12,559,600	39.8	%	12,559,600	40.7	%
Holdings outstanding Class A common stock (equal to Holdings common units in RMCO)	18,971,435	60.2	%	18,269,284	59.3	%
Total common units in RMCO	31,531,035	100.0	%	30,828,884	100.0	%

Reconciliation from Income Before Provision for Income Taxes to Net Income

	Year Ended December 31,
	2024									2023									2022
	Holdings			NCI			Total			Holdings			NCI			Total			Holdings			NCI			Total
WAO percentage of RMCO (a)		59.9	%		40.1	%		100.0	%		59.1	%		40.9	%		100.0	%		59.8	%		40.2	%		100.0	%
Income (loss) before provision for income taxes (a)	$	3,216		$	2,984		$	6,200		$	(14,149)		$	(27,390)		$	(41,539)		$	11,090		$	7,038		$	18,128
(Provision) / benefit for income taxes (b)		3,907			(2,030)			1,877			(54,873)			(2,074)			(56,947)			(4,980)			(2,391)			(7,371)
Net income (loss)	$	7,123		$	954		$	8,077		$	(69,022)		$	(29,464)		$	(98,486)		$	6,110		$	4,647		$	10,757

NCI – non-controlling interest

(a) The WAO percentage of RMCO differs from the allocation of income (loss) before provision for income taxes between RE/MAX Holdings and the non-controlling interest due to certain items recorded at Holdings.

(b) The provision for income taxes attributable to Holdings is primarily comprised of U.S. federal and state income taxes on its proportionate share of the pass-through income (loss) from RMCO. It also includes Holdings’ share of taxes directly incurred by RMCO and its subsidiaries, including taxes in certain foreign jurisdictions. See Note 11, Income Taxes, for additional information.

Distributions Paid or Payable

	Year Ended
	December 31,
	2024		2023		2022
Tax distributions	$	—	$	—	$	2,276
Dividend distributions (a)		—		8,667		11,556
Other		—		(12)		—
Total distributions to non-controlling unitholders	$	—	$	8,655	$	13,832

(a) In the fourth quarter 2023, the Company announced that its Board of Directors decided to suspend the Company’s quarterly dividend.