Earnings (Loss) Per Share, Dividends and Repurchases (Tables)

3 Months Ended

Mar. 31, 2025

Earnings (Loss) Per Share, Dividends and Repurchases

Reconciliation of Numerator and Denominator used in Basic and Diluted EPS Calculations

The following is a reconciliation of the numerator and denominator used in the basic and diluted earnings (loss) per share (“EPS”) calculations (in thousands, except shares and per share information):

	Three Months Ended
	March 31,
	2025		2024
Numerator
Net income (loss) attributable to RE/MAX Holdings, Inc.	$	(1,958)	$	(3,353)
Denominator for basic net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		19,292,210		18,481,848
Denominator for diluted net income (loss) per share of Class A common stock
Weighted average shares of Class A common stock outstanding		19,292,210		18,481,848
Add dilutive effect of the following:
Restricted stock (a)		—		—
Weighted average shares of Class A common stock outstanding, diluted		19,292,210		18,481,848
Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock
Basic	$	(0.10)	$	(0.18)
Diluted	$	(0.10)	$	(0.18)

(a) As the Company had a net loss for the three months ended March 31, 2025 and 2024, these shares would have been considered antidilutive and therefore there is no effect on the weighted average shares of Class A common stock outstanding EPS calculation.