$RMAX
RE/MAX Holdings, Inc.

2024 Q3 Form 10-Q Financial Statement

#000155837024014059 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $78.48M
YoY Change -3.38%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $35.93M
YoY Change -16.61%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.237M
YoY Change -11.69%
% of Gross Profit
Operating Expenses $63.27M
YoY Change -38.11%
Operating Profit $15.21M
YoY Change -172.44%
Interest Expense -$8.290M
YoY Change -189.22%
% of Operating Profit -54.5%
Other Income/Expense, Net -$8.290M
YoY Change 3.7%
Pretax Income $6.921M
YoY Change -123.87%
Income Tax $3.507M
% Of Pretax Income 50.67%
Net Earnings $966.0K
YoY Change -101.62%
Net Earnings / Revenue 1.23%
Basic Earnings Per Share
Diluted Earnings Per Share $0.05
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.78M
YoY Change -6.7%
Cash & Equivalents $83.78M
Short-Term Investments
Other Short-Term Assets $13.22M
YoY Change -16.45%
Inventory
Prepaid Expenses
Receivables $30.60M
Other Receivables $1.693M
Total Short-Term Assets $201.9M
YoY Change 17.0%
LONG-TERM ASSETS
Property, Plant & Equipment $8.295M
YoY Change -1.47%
Goodwill $240.1M
YoY Change -7.23%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.507M
YoY Change -6.28%
Total Long-Term Assets $376.8M
YoY Change -11.42%
TOTAL ASSETS
Total Short-Term Assets $201.9M
Total Long-Term Assets $376.8M
Total Assets $578.6M
YoY Change -3.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.347M
YoY Change -35.2%
Accrued Expenses $105.1M
YoY Change 0.68%
Deferred Revenue $22.63M
YoY Change -6.15%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $4.600M
YoY Change 0.0%
Total Short-Term Liabilities $147.7M
YoY Change -2.35%
LONG-TERM LIABILITIES
Long-Term Debt $437.2M
YoY Change -0.85%
Other Long-Term Liabilities $3.729M
YoY Change -26.62%
Total Long-Term Liabilities $440.9M
YoY Change -1.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $147.7M
Total Long-Term Liabilities $440.9M
Total Liabilities $640.4M
YoY Change -3.14%
SHAREHOLDERS EQUITY
Retained Earnings -$139.5M
YoY Change 7.95%
Common Stock $562.6M
YoY Change 3.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $423.1M
YoY Change
Total Liabilities & Shareholders Equity $578.6M
YoY Change -3.22%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $966.0K
YoY Change -101.62%
Depreciation, Depletion And Amortization $7.237M
YoY Change -11.69%
Cash From Operating Activities $17.60M
YoY Change 1.21%
INVESTING ACTIVITIES
Capital Expenditures $1.311M
YoY Change -7.68%
Acquisitions
YoY Change
Other Investing Activities $281.0K
YoY Change 12.4%
Cash From Investing Activities -$1.030M
YoY Change -11.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.223M
YoY Change -86.69%
NET CHANGE
Cash From Operating Activities 17.60M
Cash From Investing Activities -1.030M
Cash From Financing Activities -1.223M
Net Change In Cash 15.35M
YoY Change 118.32%
FREE CASH FLOW
Cash From Operating Activities $17.60M
Capital Expenditures $1.311M
Free Cash Flow $16.29M
YoY Change 2.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Document Fiscal Year Focus
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dei Entity File Number
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dei Entity Registrant Name
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RE/MAX Holdings, Inc.
dei Entity Incorporation State Country Code
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DE
dei Entity Tax Identification Number
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dei Entity Address Address Line1
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5075 South Syracuse Street
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dei Security12b Title
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Class A Common Stock, $0.0001 par value per share
dei Trading Symbol
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CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2023Q2 rmax Stock Issued During Period Value Equity Based Compensation And Dividend Equivalents
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ProfitLoss
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CY2023Q3 rmax Stock Issued During Period Value Equity Based Compensation And Dividend Equivalents
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Provision For Doubtful Accounts
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Repayments Of Debt
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us-gaap Payments Of Dividends Common Stock
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2548000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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156378000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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<p style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;line-height:1.19;margin:12pt 0pt 6pt 0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates </span></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:9pt;line-height:1.19;margin:12pt 0pt 0pt 0pt;">The preparation of the accompanying condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p>
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rmax Revenue Recognized From Current Period Increase In Contract Liability
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CY2024Q3 us-gaap Contract With Customer Liability
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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13100000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13100000
CY2024Q3 rmax Franchisees Office Leases Recognized Number
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0
CY2023Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
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CY2023Q3 us-gaap Severance Costs1
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us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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1200000
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
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CY2024Q3 us-gaap Income Loss Attributable To Parent
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CY2024Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q3 us-gaap Income Loss Attributable To Parent
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CY2023Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q3 rmax Income Tax Expense Benefit Attributable To Parent
IncomeTaxExpenseBenefitAttributableToParent
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CY2024Q3 rmax Provision For Income Taxes Portion Attributable To Noncontrolling Interest
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CY2024Q3 us-gaap Income Tax Expense Benefit
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CY2023Q3 rmax Income Tax Expense Benefit Attributable To Parent
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us-gaap Income Loss Attributable To Parent
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us-gaap Income Loss Attributable To Noncontrolling Interest
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NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2024Q3 rmax Finite Lived Intangible Assets Amortization Expense After Year Four
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CY2024Q3 rmax Intangible Assets Net Excluding Goodwill Estimates Future Amortization
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CY2024Q3 rmax Marketing Funds
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CY2023Q4 us-gaap Accrued Liabilities Current
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CY2023Q4 us-gaap Restructuring Reserve
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CY2024Q3 us-gaap Debt Instrument Carrying Amount
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CY2023Q4 us-gaap Debt Instrument Carrying Amount
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CY2024Q3 us-gaap Unamortized Debt Issuance Expense
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CY2023Q4 us-gaap Unamortized Debt Issuance Expense
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CY2024Q3 us-gaap Debt Instrument Unamortized Discount
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount
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CY2024Q3 us-gaap Long Term Debt Current
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CY2023Q4 us-gaap Long Term Debt Current
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CY2024Q3 us-gaap Long Term Debt Noncurrent
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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4600000
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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4600000
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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430100000
CY2024Q3 us-gaap Debt Instrument Carrying Amount
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445050000
rmax Business Combination Contingent Consideration Percentage Of Gross Revenues To Be Paid Yearly
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0.08
rmax Annual Payment Period To Former Owner End Of Revenue Share Year
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CY2024Q3 rmax Increase Decrease In Franchise Sale Percentage
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CY2024Q3 rmax Amount Payable Under Tax Receivable Agreements
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300000
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
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4618000
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
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4891000
us-gaap Allocated Share Based Compensation Expense
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14443000
us-gaap Allocated Share Based Compensation Expense
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14050000
us-gaap Number Of Operating Segments
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
235218000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2024Q3 rmax Earnings Before Interest Tax Depreciation And Amortization Before Adjustment
EarningsBeforeInterestTaxDepreciationAndAmortizationBeforeAdjustment
27290000
CY2023Q3 rmax Earnings Before Interest Tax Depreciation And Amortization Before Adjustment
EarningsBeforeInterestTaxDepreciationAndAmortizationBeforeAdjustment
26748000
rmax Earnings Before Interest Tax Depreciation And Amortization Before Adjustment
EarningsBeforeInterestTaxDepreciationAndAmortizationBeforeAdjustment
74359000
rmax Earnings Before Interest Tax Depreciation And Amortization Before Adjustment
EarningsBeforeInterestTaxDepreciationAndAmortizationBeforeAdjustment
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CY2023Q3 us-gaap Litigation Settlement Expense
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us-gaap Litigation Settlement Expense
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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14443000
us-gaap Allocated Share Based Compensation Expense
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us-gaap Business Combination Acquisition Related Costs
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CY2023Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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-379000
CY2024Q3 rmax Restructuring Charges Relating To Severance Cost And Write Off Of Capitalized Software Development Costs.
RestructuringChargesRelatingToSeveranceCostAndWriteOffOfCapitalizedSoftwareDevelopmentCosts.
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CY2023Q3 rmax Restructuring Charges Relating To Severance Cost And Write Off Of Capitalized Software Development Costs.
RestructuringChargesRelatingToSeveranceCostAndWriteOffOfCapitalizedSoftwareDevelopmentCosts.
4278000
rmax Restructuring Charges Relating To Severance Cost And Write Off Of Capitalized Software Development Costs.
RestructuringChargesRelatingToSeveranceCostAndWriteOffOfCapitalizedSoftwareDevelopmentCosts.
-59000
rmax Restructuring Charges Relating To Severance Cost And Write Off Of Capitalized Software Development Costs.
RestructuringChargesRelatingToSeveranceCostAndWriteOffOfCapitalizedSoftwareDevelopmentCosts.
4245000
CY2023Q3 rmax Gain On Reduction In Tax Receivable Agreement Liability
GainOnReductionInTaxReceivableAgreementLiability
24917000
rmax Gain On Reduction In Tax Receivable Agreement Liability
GainOnReductionInTaxReceivableAgreementLiability
24917000
CY2024Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-605000
CY2023Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-395000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2444000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1471000
CY2024Q3 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
885000
CY2023Q3 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
1173000
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
2835000
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
3318000
CY2024Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
9249000
CY2023Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
9292000
us-gaap Interest Expense Operating
InterestExpenseOperating
27696000
us-gaap Interest Expense Operating
InterestExpenseOperating
26377000
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7237000
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8195000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22489000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24236000
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6921000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28992000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10481000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-23613000
CY2024Q3 us-gaap Assets
Assets
578649000
CY2023Q4 us-gaap Assets
Assets
577150000
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 rmax Non Rule10b51 Arr Modified Flag
NonRule10b51ArrModifiedFlag
false
CY2024Q3 rmax Rule10b51 Arr Modified Flag
Rule10b51ArrModifiedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001558370-24-014059.txt Edgar Link pending
0001558370-24-014059-xbrl.zip Edgar Link pending
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report.css Edgar Link pending
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rmax-20240930x10q_htm.xml Edgar Link completed
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