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Earnings (Loss) Per Share and Dividends (Tables)
12 Months Ended
Dec. 31, 2025
Earnings (Loss) Per Share and Dividends  
Reconciliation of Numerator and Denominator used in Basic and Diluted EPS Calculations

The following is a reconciliation of the numerator and denominator used in the basic and diluted EPS calculations (in thousands, except shares and per share information):

Year Ended

December 31, 

2025

2024

2023

Numerator

Net income (loss) attributable to RE/MAX Holdings, Inc.

$

8,153

$

7,123

$

(69,022)

Denominator for basic net income (loss) per share of Class A common stock

Weighted average shares of Class A common stock outstanding

19,845,469

18,780,200

18,111,409

Denominator for diluted net income (loss) per share of Class A common stock

Weighted average shares of Class A common stock outstanding

19,845,469

18,780,200

18,111,409

Add dilutive effect of the following:

Restricted stock (a)

554,579

513,627

Weighted average shares of Class A common stock outstanding, diluted

20,400,048

19,293,827

18,111,409

Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock

Basic

$

0.41

$

0.38

$

(3.81)

Diluted

$

0.40

$

0.37

$

(3.81)

(a)As the Company had a net loss for the year ended December 31, 2023, these shares would have been considered anti-dilutive and therefore there is no effect on the weighted average shares of Class A common stock outstanding EPS calculation.