Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
Period End Date | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
Continuing franchise fees | 122.01 | 127.38 | 133.39 | 118.50 | 90.22 | 99.93 | 101.10 | 93.69 | 81.20 | 73.75 |
Annual dues | 32.19 | 33.90 | 35.68 | 35.55 | 35.08 | 35.41 | 35.89 | 33.77 | 32.65 | 31.76 |
Broker fees | 51.82 | 51.01 | 62.94 | 65.46 | 50.03 | 45.99 | 46.87 | 43.80 | 37.21 | 32.33 |
Franchise sales and other franchise revenue | 22.69 | 29.51 | 31.06 | 27.80 | 26.28 | 28.67 | 28.76 | 24.67 | 25.13 | 25.47 |
Brokerage revenue | -- | -- | -- | -- | -- | -- | -- | -- | 0.11 | 13.56 |
Marketing Funds fees | 78.98 | 83.86 | 90.32 | 82.39 | 64.40 | 72.30 | -- | -- | -- | -- |
Total Revenue | 307.69 | 325.67 | 353.39 | 329.70 | 266.00 | 282.29 | 212.63 | 195.93 | 176.30 | 176.87 |
Depreciation and amortization | 29.56 | 32.41 | 35.77 | 31.33 | 26.69 | 22.32 | 20.68 | 20.51 | 16.09 | 15.12 |
Selling, operating and administrative expenses | 152.26 | 171.55 | 173.28 | 179.87 | 129.00 | 118.89 | 120.18 | 107.27 | 87.63 | 90.99 |
Loss on sale or disposition of assets, net | -- | -- | -- | -- | -- | (0.34) | (0.06) | (0.66) | (0.18) | 3.40 |
Gain on reduction in tax receivable agreement liability | (1.22) | 25.30 | -- | -- | -- | -- | 6.15 | 32.74 | -- | -- |
Marketing Funds fees | (78.98) | (83.86) | (90.32) | (82.39) | (64.40) | (72.30) | -- | -- | -- | -- |
Impairment charge - leased assets | (5.48) | (73.78) | (15.81) | (46.04) | (7.90) | -- | -- | -- | -- | -- |
Total operating expenses | 267.50 | 336.31 | 315.17 | 339.63 | 227.99 | 213.85 | 134.78 | 95.70 | 103.90 | 102.71 |
Operating income | 40.18 | (10.64) | 38.21 | (9.93) | 38.01 | 68.44 | 77.85 | 100.23 | 72.40 | 74.16 |
Interest expense | 36.26 | 35.74 | 20.90 | 11.34 | 9.22 | 12.23 | 12.05 | 10.00 | 8.60 | 10.41 |
Equity in earnings of investees | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.22 |
Interest income | 3.74 | 4.42 | 1.46 | 0.22 | 0.34 | 1.45 | 0.68 | 0.35 | 0.16 | 0.18 |
Loss on early extinguishment of debt | -- | 0.00 | 0.00 | (0.26) | -- | -- | -- | -- | (0.80) | (0.09) |
Foreign currency transaction (losses) gains, net | (1.46) | 0.42 | (0.64) | (0.84) | 0.00 | 0.11 | (0.31) | 0.17 | (0.09) | (1.66) |
Total other expenses, net | (33.98) | (30.90) | (20.08) | (12.23) | (8.89) | (10.67) | (11.69) | (9.47) | (9.32) | (10.78) |
Income before provision for income taxes | 6.20 | (41.54) | 18.13 | (22.16) | 29.12 | 57.77 | 66.16 | 90.76 | 63.08 | 63.38 |
Current: Federal | -- | -- | -- | 0.80 | 2.27 | 2.53 | 1.73 | 3.57 | 8.00 | 5.45 |
Current: State and local | -- | -- | -- | 0.63 | 0.58 | 1.14 | 0.70 | 1.17 | 0.94 | 1.03 |
Provision for income taxes | (1.88) | 56.95 | 7.37 | 2.46 | 9.10 | 10.91 | 15.80 | 55.58 | 15.27 | 12.03 |
Current : Foreign | -- | -- | -- | 3.56 | 4.42 | 4.93 | 3.82 | 4.35 | 2.86 | 3.02 |
Deferred expense: Federal | -- | -- | -- | (0.84) | 1.23 | 2.08 | 8.83 | 45.93 | 3.22 | 2.33 |
Deferred expense: Foreign | -- | -- | -- | (0.75) | 0.35 | (0.14) | 0.01 | (0.01) | 0.01 | 0.03 |
Deferred expense: State and local | -- | -- | -- | (0.94) | 0.26 | 0.37 | 0.71 | 0.57 | 0.24 | 0.17 |
Net (Loss) Income | 8.08 | (98.49) | 10.76 | (24.62) | 20.02 | 46.86 | 50.37 | 35.18 | 47.81 | 51.35 |
Less: Net income attributable to non-controlling interest | 0.95 | (29.46) | 4.65 | (9.00) | 9.06 | 21.82 | 23.32 | 22.36 | 25.07 | 34.70 |
Net income attributable to RE/MAX Holdings, Inc | 7.12 | (69.02) | 6.11 | (15.62) | 10.96 | 25.04 | 27.04 | 12.82 | 22.74 | 16.66 |
Basic net income per share:Class A | 0.38 | (3.81) | 0.33 | (0.84) | 0.60 | 1.41 | 1.52 | 0.72 | 1.29 | 1.31 |
Diluted net income per share:Class A | 0.37 | (3.81) | 0.32 | (0.84) | 0.60 | 1.40 | 1.52 | 0.72 | 1.29 | 1.30 |
Basic:Weighted average common shares outstanding:Class A | 18.78 | 18.11 | 18.68 | 18.69 | 18.17 | 17.81 | 17.74 | 17.69 | 17.63 | 12.67 |
Diluted: Weighted average common shares outstanding:Class A | 19.29 | 18.11 | 18.85 | 18.69 | 18.32 | 17.87 | 17.77 | 17.73 | 17.68 | 12.83 |