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RE/MAX Holdings RMAX Franchise Sales — Deferred Revenue

Other product segments

Annual Dues
$12.2M

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XPOFFranchise Development Fees — Contract With Customer Liability Excluding Other Deferred Revenue
$77.02M
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LOCOFranchise — Contract With Customer Liability Revenue Recognized
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Other financials

Income statement

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Revenue$70.2M-5.7%
Operating income-$7.8M-246%
Net income-$9.7M-397%
EPS (diluted)$0.30

Balance sheet

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Cash & equivalents$107.1M+20.2%
Total debt$456.9M-2.6%
Total equity$446.1M+2.9%
Total assets$572.3M+0.2%

Cash flow

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Operating cash flow-$1.8M-133%
CapEx$2.4M+43.2%
Free cash flow-$4.3M-207%

Valuation

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Market cap$236.11M+39.8%
Enterprise value$585.9M+8.4%
P/E41.8×+25.6×
P/S0.8×+0.3×

Profitability

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Operating margin11.8%-1.7pp
Net margin2%-1.2pp
FCF margin8.8%-7.7pp

Returns & leverage

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Return on equity1.3%-1.0pp
Debt / equity-0.1×
Current ratio1.6×+0.1×

Where this comes from

Reported directly by RE/MAX Holdings in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: RE/MAX Holdings’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is RE/MAX Holdings's franchise sales — deferred revenue?
RE/MAX Holdings (RMAX) reported franchise sales — deferred revenue of $18.08M in Q1 2026.
What does franchise sales — deferred revenue mean?
This metric represents the total deferred revenue balance arising from franchise agreements where the company has received consideration but has not yet satisfied the underlying performance obligations. It serves as a measure of future revenue potential tied to existing franchise contracts. Monitoring this balance helps investors understand the company's obligation to deliver services over the remaining term of its franchise agreements.