NYSE$RMAX
RE/MAX Holdings · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
RE/MAX Holdings reported a net loss of $3.4 million and total revenue of $78.3 million.
RE/MAX Holdings reported a decrease in revenue to $78.3 million and a net loss of $3.4 million for Q1 2024. Effective cost management led to solid margin performance. RE/MAX agents are the most productive in the U.S., outperforming competitors 2-to-1 for the 16th year.
- Total revenue was $78.3 million, a decrease of 8.3% compared to Q1 2023.
- Net loss attributable to RE/MAX Holdings was $3.4 million, compared to a net loss of $0.7 million in Q1 2023.
- Adjusted EBITDA was $19.0 million, a decrease of 4.7% compared to Q1 2023.
- Adjusted basic and diluted EPS were each $0.20, compared to $0.26 in Q1 2023.
Headline financials
Revenue & EPS history
RE/MAX · Revenue · Quarterly
$78.3M
Revenue by segment
RE/MAX · $92.2M total across 5 segments · Q2 2022
- Continuing franchise fees$34.1M—37.0%
- Marketing Funds fees$22.9M—24.9%
- Broker fees$19.3M—21.0%
- Annual dues$9.02M—9.8%
- Franchise sales and other revenue$6.8M—7.4%
Forward guidance
RE/MAX Holdings provided outlook for the second quarter and full year 2024, assuming no further currency movements, acquisitions, or divestitures.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.1%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-2.2%
Avg return
30 days after
55%
28 / 51 earnings
Positive
+13.0%
Q2 2024
Best reaction
-13.7%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | -13.0% | -10.0% | |
| Q4 2025 | -2.2% | -7.5% | -16.1% | |
| Q3 2025 | -3.3% | -6.8% | -0.6% | |
| Q2 2025 | -9.2% | -11.9% | +10.6% | |
| Q1 2025 | +3.4% | +2.6% | -3.1% | |
| Q4 2024 | -10.2% | -7.8% | -12.3% | |
| Q3 2024 | -7.7% | +0.7% | +7.0% | |
| Q2 2024 | +13.0% | +17.6% | +26.2% | |
| Q1 2024 | +7.1% | +12.1% | +12.4% | |
| Q4 2023 | -3.5% | -5.0% | -11.5% | |
| Q3 2023 | +2.7% | -12.9% | -14.7% | |
| Q2 2023 | -1.6% | +2.8% | -16.1% | |
| Q1 2023 | +2.6% | -1.3% | +1.9% | |
| Q4 2022 | -13.7% | -18.3% | -25.9% | |
| Q3 2022 | +1.0% | -5.7% | +12.2% | |
| Q2 2022 | +2.4% | +5.4% | -12.8% | |
| Q1 2022 | -2.4% | +0.3% | +2.2% | |
| Q4 2021 | +1.5% | +1.1% | -4.5% | |
| Q3 2021 | -6.3% | -11.4% | -0.1% | |
| Q2 2021 | +2.3% | +2.2% | -0.3% | |
| Q1 2021 | -1.6% | -3.7% | -6.3% | |
| Q4 2020 | +1.3% | -1.9% | -5.2% | |
| Q3 2020 | -3.8% | -5.0% | -2.6% | |
| Q2 2020 | +6.5% | +11.2% | +5.7% | |
| Q1 2020 | +3.3% | +9.8% | +39.4% | |
| Q4 2019 | -12.8% | -19.6% | -54.4% | |
| Q3 2019 | +9.6% | +9.5% | +13.7% | |
| Q2 2019 | -2.9% | -6.8% | -11.7% | |
| Q1 2019 | -6.0% | -9.5% | -30.4% | |
| Q4 2018 | -1.2% | -3.9% | -9.3% | |
| Q3 2018 | -6.0% | -8.7% | -11.8% | |
| Q2 2018 | +1.5% | +0.3% | -0.5% | |
| Q1 2018 | +0.1% | +0.2% | -3.4% | |
| Q3 2017 | +8.6% | +10.0% | +12.8% | |
| Q4 2017 | +8.6% | +10.0% | +12.8% | |
| Q2 2017 | +9.4% | +5.2% | +7.2% | |
| Q1 2017 | -1.9% | -2.8% | -7.5% | |
| Q4 2016 | -3.2% | -4.9% | -6.1% | |
| Q3 2016 | +5.9% | +9.4% | +23.3% | |
| Q2 2016 | +1.4% | +1.1% | +0.1% | |
| Q1 2016 | +1.8% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | +2.9% | — | — | |
| Q2 2015 | -0.7% | — | — | |
| Q1 2015 | +6.0% | — | — | |
| Q4 2014 | +3.9% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | +5.0% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | -4.7% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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