Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $176M | $194M | $213M | $282M | $266M | $330M | $353M | $326M | $308M | $292M |
| Revenue growth | — | 10.3% | 9.8% | 32.8% | -5.8% | 23.9% | 7.2% | -7.8% | -5.5% | -5.2% |
| Operating income | $71.3M | $98.3M | $77.9M | $69.0M | $38.6M | -$9.93M | $38.2M | -$10.6M | $40.2M | $47.0M |
| Operating margin | 40.6% | 50.8% | 36.6% | 24.4% | 14.5% | -3.0% | 10.8% | -3.3% | 13.1% | 16.1% |
| Net income | $22.2M | $10.1M | $26.9M | $25.3M | $11.3M | -$15.6M | $6.11M | -$69.0M | $7.12M | $8.15M |
| Net margin | 12.7% | 5.2% | 12.6% | 9.0% | 4.2% | -4.7% | 1.7% | -21.2% | 2.3% | 2.8% |
| EPS (diluted) | $1.26 | $0.58 | $1.51 | $1.40 | $0.60 | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $64.4M | $63.3M | $76.1M | $79.0M | $70.8M | $42.4M | $71.1M | $28.3M | $59.7M | $40.9M |
| Capital expenditures | $4.50M | $2.20M | $7.79M | $13.2M | $6.90M | $15.2M | $9.93M | $6.42M | $6.62M | $7.37M |
| Free cash flow | $59.9M | $61.1M | $68.3M | $65.7M | $63.9M | $27.2M | $61.2M | $21.8M | $53.0M | $33.5M |
| Share buybacks | — | — | — | — | — | — | $34.1M | $3.41M | — | — |
| Dividends paid | $10.6M | $12.8M | $14.3M | $15.1M | $16.4M | $17.8M | $18.2M | $13.6M | $599K | $498K |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $57.6M | $50.8M | $60.0M | $83.0M | $101M | $126M | $109M | $82.6M | $96.6M | $119M |
| Total assets | $437M | $413M | $428M | $542M | $546M | $776M | $695M | $577M | $582M | $582M |
| Total liabilities | $376M | $364M | $353M | $444M | $445M | $707M | $664M | $653M | $640M | $611M |
| Long-term debt | $228M | $227M | $225M | $223M | $221M | $447M | $444M | $440M | $436M | $432M |
| Shareholders' equity | $465M | $460M | $481M | $498M | $518M | $508M | $481M | $411M | $429M | $452M |
| Retained earnings | $16.0M | $8.40M | $20.6M | $30.5M | $25.6M | -$7.82M | -$54.0M | -$140M | -$134M | -$126M |
| Shares (wtd avg diluted) | 17.7M | 17.7M | 17.8M | — | — | — | — | — | — | — |
Every figure is extracted from RE/MAX Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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