XML 22 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Total revenue $ 307,685 $ 325,671 $ 353,386
Operating expenses:      
Selling, operating and administrative expenses 152,258 171,548 173,980
Marketing Funds expenses 78,983 83,861 90,319
Depreciation and amortization 29,561 32,414 35,769
Settlement and impairment charges 5,483 73,783 15,808
Change in estimated tax receivable agreement liability 1,219 (25,298) (702)
Total operating expenses 267,504 336,308 315,174
Operating income (loss) 40,181 (10,637) 38,212
Other expenses, net:      
Interest expense (36,258) (35,741) (20,903)
Interest income 3,738 4,420 1,460
Foreign currency transaction gains (losses) (1,461) 419 (641)
Total other expenses, net (33,981) (30,902) (20,084)
Income (loss) before provision for income taxes 6,200 (41,539) 18,128
Provision for income taxes 1,877 (56,947) (7,371)
Net income (loss) 8,077 (98,486) 10,757
Less: net income (loss) attributable to non-controlling interest 954 (29,464) 4,647
Net income (loss) attributable to RE/MAX Holdings, Inc. $ 7,123 $ (69,022) $ 6,110
Common Class A      
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock      
Basic $ 0.38 $ (3.81) $ 0.33
Diluted $ 0.37 $ (3.81) $ 0.32
Weighted average shares of Class A common stock outstanding      
Basic 18,780,200 18,111,409 18,678,774
Diluted 19,293,827 18,111,409 18,844,696
Cash dividends declared per share of Class A common stock   $ 0.69 $ 0.92
Continuing franchise fees      
Revenue:      
Total revenue $ 122,011 $ 127,384 $ 133,389
Annual dues      
Revenue:      
Total revenue 32,188 33,904 35,676
Broker fees      
Revenue:      
Total revenue 51,816 51,012 62,939
Marketing Fund Fees [Member]      
Revenue:      
Total revenue 78,983 83,861 90,319
Franchise sales and other revenue      
Revenue:      
Total revenue $ 22,687 $ 29,510 $ 31,063