{"url_path":"/sec/rmax/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1581091/0001104659-26-057523-index.html","accession_number":"0001104659-26-057523","cik":"0001581091","ticker":"RMAX","issuer_name":"RE/MAX Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1581091/0001104659-26-057523-index.html","primary_entity_key":"0001581091","primary_entity_name":"RE/MAX Holdings, Inc."},"word_count":694,"has_tables":true,"body_markdown":"RE/MAX Holdings, Inc._March 31, 2026\n\nP9MP1YP1YP1YP1YP1YP9MP1YP1YP1YP1YP1YP9MP1YP1YP1YP1YP1Y0001581091--12-312026Q1false0.10001581091us-gaap:RetainedEarningsMember2026-03-310001581091us-gaap:NoncontrollingInterestMember2026-03-310001581091us-gaap:AdditionalPaidInCapitalMember2026-03-310001581091us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-310001581091us-gaap:RetainedEarningsMember2025-12-310001581091us-gaap:NoncontrollingInterestMember2025-12-310001581091us-gaap:AdditionalPaidInCapitalMember2025-12-310001581091us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-310001581091us-gaap:RetainedEarningsMember2025-03-310001581091us-gaap:NoncontrollingInterestMember2025-03-310001581091us-gaap:AdditionalPaidInCapitalMember2025-03-310001581091us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310001581091us-gaap:RetainedEarningsMember2024-12-310001581091us-gaap:NoncontrollingInterestMember2024-12-310001581091us-gaap:AdditionalPaidInCapitalMember2024-12-310001581091us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001581091rmax:TimeBasedRestrictedStockUnitMember2025-12-310001581091rmax:PerformanceBasedRestrictedStockUnitMember2025-12-310001581091us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2025-01-012025-03-310001581091rmax:AnnualDuesMember2032-01-012026-03-310001581091rmax:AnnualDuesMember2031-01-012026-03-310001581091rmax:AnnualDuesMember2030-01-012026-03-310001581091rmax:AnnualDuesMember2029-01-012026-03-310001581091rmax:AnnualDuesMember2028-01-012026-03-310001581091rmax:FranchiseSalesMember2032-01-012026-03-310001581091rmax:FranchiseSalesMember2031-01-012026-03-310001581091rmax:FranchiseSalesMember2030-01-012026-03-310001581091rmax:FranchiseSalesMember2029-01-012026-03-310001581091rmax:FranchiseSalesMember2028-01-012026-03-310001581091rmax:FranchiseSalesMember2027-01-012026-03-310001581091rmax:FranchiseSalesMember2026-04-012026-03-310001581091rmax:AnnualDuesMember2027-01-012026-03-310001581091rmax:AnnualDuesMember2026-04-012026-03-310001581091rmax:AnnualDuesAndFranchiseSalesMember2032-01-012026-03-310001581091rmax:AnnualDuesAndFranchiseSalesMember2031-01-012026-03-310001581091rmax:AnnualDuesAndFranchiseSalesMember2030-01-012026-03-310001581091rmax:AnnualDuesAndFranchiseSalesMember2029-01-012026-03-310001581091rmax:AnnualDuesAndFranchiseSalesMember2028-01-012026-03-310001581091rmax:AnnualDuesAndFranchiseSalesMember2027-01-012026-03-310001581091rmax:AnnualDuesAndFranchiseSalesMember2026-04-012026-03-310001581091rmax:AnnualDuesAndFranchiseSalesMember2026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:FranchiseSalesAndOtherRevenueMemberrmax:MortgageMember2026-01-012026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:FranchiseSalesAndOtherRevenueMemberrmax:FranchisingSegmentMember2026-01-012026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:ContinuingFranchiseFeesMemberrmax:MortgageMember2026-01-012026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:ContinuingFranchiseFeesMemberrmax:FranchisingSegmentMember2026-01-012026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:BrokerFeesMemberrmax:FranchisingSegmentMember2026-01-012026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:AnnualDuesMemberrmax:FranchisingSegmentMember2026-01-012026-03-310001581091rmax:FeeRevenueMemberrmax:GlobalAndOtherMemberrmax:OtherMember2026-01-012026-03-310001581091rmax:FeeRevenueMembercountry:USrmax:OwnedRegionsMember2026-01-012026-03-310001581091rmax:FeeRevenueMembercountry:USrmax:IndependentRegionsMember2026-01-012026-03-310001581091rmax:FeeRevenueMembercountry:CArmax:OwnedRegionsMember2026-01-012026-03-310001581091rmax:FeeRevenueMembercountry:CArmax:IndependentRegionsMember2026-01-012026-03-310001581091rmax:GlobalAndOtherMemberrmax:MarketingFundsMember2026-01-012026-03-310001581091rmax:FranchiseSalesAndOtherRevenueMemberrmax:FranchisingSegmentMember2026-01-012026-03-310001581091rmax:FeeRevenueMemberrmax:FranchisingSegmentMember2026-01-012026-03-310001581091country:USrmax:MarketingFundsMember2026-01-012026-03-310001581091country:CArmax:MarketingFundsMember2026-01-012026-03-310001581091rmax:MarketingFundsMember2026-01-012026-03-310001581091rmax:FranchiseSalesAndOtherRevenueMember2026-01-012026-03-310001581091rmax:ContinuingFranchiseFeesMember2026-01-012026-03-310001581091rmax:BrokerFeesMember2026-01-012026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:FranchiseSalesAndOtherRevenueMemberrmax:MortgageMember2025-01-012025-03-310001581091us-gaap:OperatingSegmentsMemberrmax:FranchiseSalesAndOtherRevenueMemberrmax:FranchisingSegmentMember2025-01-012025-03-310001581091us-gaap:OperatingSegmentsMemberrmax:ContinuingFranchiseFeesMemberrmax:MortgageMember2025-01-012025-03-310001581091us-gaap:OperatingSegmentsMemberrmax:ContinuingFranchiseFeesMemberrmax:FranchisingSegmentMember2025-01-012025-03-310001581091us-gaap:OperatingSegmentsMemberrmax:BrokerFeesMemberrmax:FranchisingSegmentMember2025-01-012025-03-310001581091us-gaap:OperatingSegmentsMemberrmax:AnnualDuesMemberrmax:FranchisingSegmentMember2025-01-012025-03-310001581091rmax:FeeRevenueMemberrmax:GlobalAndOtherMemberrmax:OtherMember2025-01-012025-03-310001581091rmax:FeeRevenueMembercountry:USrmax:OwnedRegionsMember2025-01-012025-03-310001581091rmax:FeeRevenueMembercountry:USrmax:IndependentRegionsMember2025-01-012025-03-310001581091rmax:FeeRevenueMembercountry:CArmax:OwnedRegionsMember2025-01-012025-03-310001581091rmax:FeeRevenueMembercountry:CArmax:IndependentRegionsMember2025-01-012025-03-310001581091rmax:GlobalAndOtherMemberrmax:MarketingFundsMember2025-01-012025-03-310001581091rmax:FranchiseSalesAndOtherRevenueMemberrmax:FranchisingSegmentMember2025-01-012025-03-310001581091rmax:FeeRevenueMemberrmax:FranchisingSegmentMember2025-01-012025-03-310001581091country:USrmax:MarketingFundsMember2025-01-012025-03-310001581091country:CArmax:MarketingFundsMember2025-01-012025-03-310001581091rmax:MarketingFundsMember2025-01-012025-03-310001581091rmax:FranchiseSalesAndOtherRevenueMember2025-01-012025-03-310001581091rmax:ContinuingFranchiseFeesMember2025-01-012025-03-310001581091rmax:BrokerFeesMember2025-01-012025-03-310001581091rmax:AnnualDuesMember2025-01-012025-03-310001581091rmax:SettlementFundsMember2026-03-310001581091rmax:MarketingFundsMember2026-03-310001581091rmax:SettlementFundsMember2025-12-310001581091rmax:MarketingFundsMember2025-12-310001581091rmax:RealBrokerageIncMembersrt:MinimumMembersrt:ScenarioForecastMemberrmax:ReMaxHoldingsIncMemberus-gaap:SubsequentEventMember2026-04-262026-04-260001581091rmax:RealBrokerageIncMembersrt:MaximumMembersrt:ScenarioForecastMemberrmax:ReMaxHoldingsIncMemberus-gaap:SubsequentEventMember2026-04-262026-04-260001581091us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-03-310001581091us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001581091us-gaap:OperatingSegmentsMemberrmax:MarketingFundsMember2026-01-012026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:MarketingFundsMember2025-01-012025-03-310001581091rmax:CanadianAntitrustLitigationsMemberus-gaap:SettledLitigationMember2025-10-082025-10-080001581091rmax:SeniorSecuredCreditFacilityRefinancingMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2026-03-310001581091rmax:SeniorSecuredCreditFacilityRefinancingMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310001581091rmax:SeniorSecuredCreditFacilityRefinancingMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2026-03-310001581091rmax:SeniorSecuredCreditFacilityRefinancingMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2025-12-310001581091rmax:NationwideClaimsMemberus-gaap:SettledLitigationMember2023-01-012023-12-310001581091rmax:BattonSettlementMemberrmax:SettlementFollowingFinalCourtApprovalMember2026-03-192026-03-190001581091rmax:BattonSettlementMember2026-03-192026-03-190001581091rmax:CanadianAntitrustLitigationsMemberus-gaap:SettledLitigationMember2025-04-012025-06-300001581091us-gaap:RevolvingCreditFacilityMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2021-07-210001581091rmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2021-07-210001581091us-gaap:RevolvingCreditFacilityMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091us-gaap:RevolvingCreditFacilityMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-03-310001581091rmax:FranchisingSegmentMember2026-03-310001581091rmax:FranchisingSegmentMember2025-12-310001581091us-gaap:TrademarksAndTradeNamesMember2026-03-310001581091us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2026-03-310001581091us-gaap:OtherIntangibleAssetsMember2026-03-310001581091us-gaap:NoncompeteAgreementsMember2026-03-310001581091rmax:ReacquiredFranchiseRightsMember2026-03-310001581091us-gaap:TrademarksAndTradeNamesMember2025-12-310001581091us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2025-12-310001581091us-gaap:OtherIntangibleAssetsMember2025-12-310001581091us-gaap:NoncompeteAgreementsMember2025-12-310001581091rmax:ReacquiredFranchiseRightsMember2025-12-310001581091rmax:TimeBasedRestrictedStockUnitMember2026-03-310001581091rmax:PerformanceBasedRestrictedStockUnitMember2026-03-310001581091us-gaap:CommonClassAMember2026-01-012026-03-310001581091us-gaap:CommonClassAMember2025-01-012025-03-310001581091rmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2025-01-012025-12-310001581091us-gaap:ForeignExchangeForwardMember2026-03-310001581091rmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2021-07-212021-07-210001581091rmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-03-310001581091rmax:RealBrokerageIncMembersrt:MaximumMemberus-gaap:SubsequentEventMember2026-04-260001581091rmax:DebtInstrumentBorrowingsRateScenarioBiiMemberrmax:SeniorSecuredCreditFacilityRefinancingMemberrmax:NewYorkFederalReserveBankRateMember2026-01-012026-03-310001581091rmax:DebtInstrumentBorrowingsRateScenarioaMemberrmax:SeniorSecuredCreditFacilityRefinancingMemberus-gaap:SecuredOvernightFinancingRateSofrMember2026-01-012026-03-310001581091rmax:OtherRevenueMember2026-03-310001581091rmax:FranchiseSalesMember2026-03-310001581091rmax:AnnualDuesMember2026-03-310001581091rmax:OtherRevenueMember2025-12-310001581091rmax:FranchiseSalesMember2025-12-310001581091rmax:AnnualDuesMember2025-12-310001581091us-gaap:CommonClassBMemberus-gaap:CommonStockMember2026-03-310001581091us-gaap:CommonClassAMemberus-gaap:CommonStockMember2026-03-310001581091us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-12-310001581091us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-12-310001581091us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-03-310001581091us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-03-310001581091us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-12-310001581091us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-12-310001581091us-gaap:CommonClassBMember2026-03-310001581091us-gaap:CommonClassBMember2025-12-310001581091us-gaap:CommonClassAMember2025-12-3100015810912025-03-3100015810912024-12-310001581091us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2026-03-310001581091us-gaap:FairValueMeasurementsRecurringMember2026-03-310001581091us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001581091us-gaap:FairValueMeasurementsRecurringMember2025-12-310001581091us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2026-01-012026-03-310001581091rmax:RealBrokerageIncMemberrmax:RealRemaxGroupMembersrt:ScenarioForecastMemberrmax:RealRemaxGroupMemberus-gaap:SubsequentEventMember2026-04-260001581091rmax:RealRemaxGroupMembersrt:ScenarioForecastMemberrmax:RealRemaxGroupMemberus-gaap:SubsequentEventMember2026-04-260001581091us-gaap:OperatingSegmentsMemberrmax:MortgageMember2026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:MarketingFundsMember2026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:FranchisingSegmentMember2026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:MortgageMember2025-12-310001581091us-gaap:OperatingSegmentsMemberrmax:MarketingFundsMember2025-12-310001581091us-gaap:OperatingSegmentsMemberrmax:FranchisingSegmentMember2025-12-310001581091rmax:TimeBasedRestrictedStockUnitMember2026-01-012026-03-310001581091rmax:PerformanceBasedRestrictedStockUnitMember2026-01-012026-03-310001581091rmax:BonusPlanSettledInSharesMember2026-01-012026-03-310001581091rmax:TimeBasedRestrictedStockUnitMember2025-01-012025-03-310001581091rmax:PerformanceBasedRestrictedStockUnitMember2025-01-012025-03-310001581091rmax:BonusPlanSettledInSharesMember2025-01-012025-03-310001581091us-gaap:NoncontrollingInterestMember2026-01-012026-03-310001581091us-gaap:NoncontrollingInterestMember2025-01-012025-03-310001581091us-gaap:CommonClassAMember2026-03-310001581091rmax:RihiIncMemberrmax:RMCOLlcMembersrt:WeightedAverageMember2026-01-012026-03-310001581091rmax:RihiIncMemberrmax:RMCOLlcMembersrt:WeightedAverageMember2025-01-012025-03-310001581091rmax:RMCOLlcMembersrt:WeightedAverageMember2026-01-012026-03-310001581091rmax:RMCOLlcMembersrt:WeightedAverageMember2025-01-012025-03-310001581091rmax:ReMaxHoldingsIncMember2026-04-262026-04-260001581091us-gaap:RetainedEarningsMember2026-01-012026-03-310001581091us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001581091us-gaap:RetainedEarningsMember2025-01-012025-03-310001581091us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001581091us-gaap:CommonClassAMemberus-gaap:CommonStockMember2026-01-012026-03-310001581091us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-01-012025-03-310001581091us-gaap:SoftwareDevelopmentMember2026-03-310001581091us-gaap:SoftwareDevelopmentMember2025-12-3100015810912026-04-260001581091rmax:EqualToOrLessThan4.25ButAbove3.75PercentMemberrmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091rmax:RemaxAndMottoBrandsMember2026-01-012026-03-310001581091rmax:RMCOLlcMember2026-03-310001581091rmax:RMCOLlcMember2025-12-310001581091rmax:RihiIncMemberrmax:RMCOLlcMember2026-03-310001581091rmax:RihiIncMemberrmax:RMCOLlcMember2025-12-310001581091rmax:BattonSettlementMemberrmax:SettlementFollowingPreliminaryCourtApprovalMember2026-03-192026-03-190001581091rmax:RMCOLlcMembersrt:WeightedAverageMember2026-03-310001581091rmax:RMCOLlcMembersrt:WeightedAverageMember2025-03-310001581091rmax:TechnologyDevelopmentOperatingMemberrmax:MarketingFundsMember2026-01-012026-03-310001581091rmax:MarketingStaffAndAdministrativeServicesMemberrmax:MarketingFundsMember2026-01-012026-03-310001581091rmax:MarketingFundsMember2026-01-012026-03-310001581091rmax:TechnologyDevelopmentOperatingMemberrmax:MarketingFundsMember2025-01-012025-03-310001581091rmax:MarketingStaffAndAdministrativeServicesMemberrmax:MarketingFundsMember2025-01-012025-03-310001581091rmax:MarketingFundsMember2025-01-012025-03-3100015810912025-01-012025-03-310001581091rmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091us-gaap:ReportableSegmentAggregationBeforeOtherOperatingSegmentMember2026-01-012026-03-310001581091rmax:MortgageMember2026-01-012026-03-310001581091rmax:FranchisingSegmentMember2026-01-012026-03-310001581091us-gaap:ReportableSegmentAggregationBeforeOtherOperatingSegmentMember2025-01-012025-03-310001581091us-gaap:AllOtherSegmentsMember2025-01-012025-03-310001581091rmax:MortgageMember2025-01-012025-03-310001581091rmax:FranchisingSegmentMember2025-01-012025-03-310001581091rmax:Above3.50PercentMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-03-310001581091srt:MinimumMemberrmax:DebtInstrumentBorrowingsRateScenarioBiiiMemberrmax:SeniorSecuredCreditFacilityRefinancingMemberus-gaap:SecuredOvernightFinancingRateSofrMember2026-01-012026-03-310001581091srt:MinimumMemberrmax:DebtInstrumentBorrowingsRateScenarioaMemberrmax:SeniorSecuredCreditFacilityRefinancingMemberus-gaap:SecuredOvernightFinancingRateSofrMember2026-01-012026-03-310001581091rmax:SeniorSecuredCreditFacilityRefinancingMember2026-03-310001581091rmax:NotExceeding4.50PercentMemberus-gaap:RevolvingCreditFacilityMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-03-310001581091srt:MinimumMemberrmax:EqualToOrLessThan4.25ButAbove3.75PercentMemberrmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091srt:MaximumMemberrmax:EqualToOrLessThan4.25ButAbove3.75PercentMemberrmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091rmax:NotExceeding4.50PercentMemberus-gaap:RevolvingCreditFacilityMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091rmax:LeverageRatioLessThan3.75PercentMemberrmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091rmax:LeverageRatioInExcessOf4.25PercentMemberrmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091rmax:Below3.50PercentMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091rmax:Above3.50PercentMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091rmax:LeverageRatioLessThan3.75PercentMemberrmax:TermLoanMemberrmax:SeniorSecuredCreditFacilityRefinancingMember2025-01-012025-12-310001581091rmax:DebtInstrumentBorrowingsRateScenarioBiiiMemberrmax:SeniorSecuredCreditFacilityRefinancingMemberus-gaap:SecuredOvernightFinancingRateSofrMember2026-01-012026-03-310001581091rmax:OtherRevenueMember2026-01-012026-03-310001581091rmax:FranchiseSalesMember2026-01-012026-03-310001581091rmax:AnnualDuesMember2026-01-012026-03-310001581091rmax:SeniorSecuredCreditFacilityRefinancingMember2026-01-012026-03-310001581091rmax:RihiIncMemberus-gaap:CommonClassBMember2026-04-262026-04-260001581091srt:ScenarioForecastMemberrmax:ReMaxHoldingsIncMemberus-gaap:CommonClassAMemberus-gaap:SubsequentEventMember2026-04-262026-04-260001581091rmax:RealBrokerageIncMemberrmax:ReMaxHoldingsIncMemberus-gaap:SubsequentEventMember2026-04-260001581091rmax:RealBrokerageIncMemberrmax:ReMaxHoldingsIncMemberus-gaap:SubsequentEventMember2026-04-262026-04-260001581091rmax:RealBrokerageIncMembersrt:ScenarioForecastMemberrmax:ReMaxHoldingsIncMemberus-gaap:CommonClassAMemberus-gaap:SubsequentEventMember2026-04-2600015810912025-12-3100015810912026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:MortgageMember2026-01-012026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:FranchisingSegmentMember2026-01-012026-03-310001581091us-gaap:OperatingSegmentsMemberrmax:MortgageMember2025-01-012025-03-310001581091us-gaap:OperatingSegmentsMemberrmax:FranchisingSegmentMember2025-01-012025-03-310001581091us-gaap:CommonClassBMember2026-05-010001581091us-gaap:CommonClassAMember2026-05-0100015810912026-01-012026-03-31xbrli:sharesiso4217:USDrmax:itemiso4217:USDxbrli:sharesxbrli:purermax:Drmax:leaseiso4217:CADrmax:segment\n\n​\n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n​\n\n**FORM****10-Q**\n\n​\n\n☒\n\n**Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**\n\nFor the quarterly period ended March 31, 2026.\n\nOR\n\n☐\n\n**Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**\n\nFor the transition period from              to             \n\nCommission file number: 001-36101\n\n​\n\n**RE/MAX Holdings, Inc.**\n\n**(Exact name of registrant as specified in its charter)**\n\n​\n\n​\n\n​\n\n​\n\n**Delaware**\n\n​\n\n**80-0937145**\n\n*(State or other jurisdiction of****incorporation or organization)*\n\n​\n\n*(I.R.S. Employer****Identification Number)*\n\n​\n\n​\n\n​\n\n**5075 South Syracuse Street********Denver****,****Colorado**\n\n​\n\n**80237**\n\n*(Address of principal executive offices)*\n\n​\n\n*(Zip Code)*\n\n​\n\n**(****303****)****770-5531**\n\n*(Registrant’s telephone number, including area code)*\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n**Title of each class**\n\n**Trading Symbol**\n\n**Name of each exchange on which registered**\n\nClass A Common Stock, $0.0001 par value per share\n\nRMAX\n\nNew York Stock Exchange\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  ☒    No ☐    \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes  ☒    No  ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☒\n\nEmerging growth company\n\n☐\n\nNon-accelerated filer\n\n☐\n\nSmaller reporting company\n\n☐\n\n​\n\n​\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  ☐    No  ☒\n\nOn May 1, 2026, there were 21,232,815 outstanding shares of the registrant’s Class A common stock, $0.0001 par value per share, and 1 outstanding share of Class B common stock, $0.0001 par value per share.\n\n​\n\n​\n\n​\n\n[Table of Contents](#Toc)\n\n**TABLE OF CONTENTS**\n\n​\n\n \n\n \n\n \n\n**Page No.**\n\n \n\n \n\n[PART I. – FINANCIAL INFORMATION](#Part_I)\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 1.](#Item_1_Financial)\n\n \n\n[Financial Statements](#Item_1_Financial)\n\n3\n\n​\n\n​\n\n​\n\n​\n\n \n\n \n\n[Condensed Consolidated Balance Sheets](#CondensedConsolidatedBalanceSheets_64857)\n\n3\n\n​\n\n​\n\n​\n\n​\n\n \n\n \n\n[Condensed Consolidated Statements of Income (Loss)](#CondensedConsolidatedStatementsofIncome_)\n\n4\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Condensed Consolidated Statements of Comprehensive Income (Loss)](#Consolidated_Statements_of_Comp_Income)\n\n5\n\n​\n\n​\n\n​\n\n​\n\n \n\n \n\n[Condensed Consolidated Statements of Stockholders’ Equity (Deficit)](#Consolidated_Statement_of_Redeemable_Pre)\n\n6\n\n​\n\n​\n\n​\n\n​\n\n \n\n \n\n[Condensed Consolidated Statements of Cash Flows](#Consolidated_Statements_of_Cash_Flows)\n\n7\n\n​\n\n​\n\n​\n\n​\n\n \n\n \n\n[Notes to Unaudited Condensed Consolidated Financial Statements](#NotestoCondensedConsolidatedFinancial)\n\n8\n\n​\n\n​\n\n​\n\n​\n\n[Item 2.](#Item_2_MDA)\n\n \n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#Item_2_MDA)\n\n25\n\n​\n\n​\n\n​\n\n​\n\n[Item 3.](#Item_3_Quantitative_Qualitative)\n\n \n\n[Quantitative and Qualitative Disclosures About Market Risks](#Item_3_Quantitative_Qualitative)\n\n37\n\n​\n\n​\n\n​\n\n​\n\n[Item 4.](#Item4ControlsandProcedures_164974)\n\n \n\n[Controls and Procedures](#Item4ControlsandProcedures_164974)\n\n37\n\n​\n\n​\n\n​\n\n​\n\n \n\n \n\n[PART II. – OTHER INFORMATION](#Part_II)\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[Item 1.](#Item_1_Legal_Proceedings)\n\n \n\n[Legal Proceedings](#Item_1_Legal_Proceedings)\n\n38\n\n​\n\n​\n\n​\n\n​\n\n[Item 1A.](#Item_1A_Risk_Factors)\n\n \n\n[Risk Factors](#Item_1A_Risk_Factors)\n\n39\n\n​\n\n​\n\n​\n\n​\n\n[Item 2.](#Item_2_Sales_of_Equity)\n\n \n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#Item_2_Sales_of_Equity)\n\n43\n\n​\n\n​\n\n​\n\n​\n\n[Item 3.](#Item_3_Defaults_Upon_Senior_Securities)\n\n \n\n[Defaults Upon Senior Securities](#Item_3_Defaults_Upon_Senior_Securities)\n\n44\n\n​\n\n​\n\n​\n\n​\n\n[Item 4.](#Item_4_Mine_Safety_Disclosures)\n\n \n\n[Mine Safety Disclosures](#Item_4_Mine_Safety_Disclosures)\n\n44\n\n​\n\n​\n\n​\n\n​\n\n[Item 5.](#Item_5_Other_Information)\n\n \n\n[Other Information](#Item_5_Other_Information)\n\n44\n\n​\n\n​\n\n​\n\n​\n\n[Item 6.](#Item_6_Exhibits)\n\n \n\n[Exhibits](#Item_6_Exhibits)\n\n45\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n[SIGNATURES](#Signatures)\n\n47\n\n​\n\n​\n\n​\n\n2\n\n[Table of Contents](#Toc)\n\n**PART I. – FINANCIAL INFORMATION**"}