RE/MAX Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	8.15	7.12	-69.02	6.11	-15.62
Depreciation & Amortization	25.85	29.56	32.41	35.77	31.33
Loss (Gain) From Sale of Assets	-	-	-	1.32	-0.01
Asset Writedown & Restructuring Costs	-	-	-	13.35	5.12
Stock-Based Compensation	16.63	18.86	19.54	22.04	34.3
Provision & Write-off of Bad Debts	3.28	1.36	6.78	2.58	-1.35
Other Operating Activities	2.31	5.8	69.2	3.6	-11.38
Change in Accounts Receivable	-3.94	7.51	-8.44	2.79	3.33
Change in Unearned Revenue	-3.52	-2.87	-5.43	0.06	0.14
Change in Income Taxes	-0.31	-6.51	0.3	-0.87	-9.78
Change in Other Net Operating Assets	-7.57	-1.18	-17.08	-15.61	6.35
Operating Cash Flow	40.88	59.65	28.26	71.14	42.44
Operating Cash Flow Growth	-31.47%	111.05%	-60.27%	67.62%	-40.09%
Capital Expenditures	-7.37	-6.62	-6.42	-9.93	-15.24
Cash Acquisitions	-	-	-	-	-180
Other Investing Activities	-0.41	0.75	0.78	-1.57	0.32
Investing Cash Flow	-7.78	-5.88	-5.64	-11.5	-194.92
Long-Term Debt Issued	-	-	-	-	458.85
Long-Term Debt Repaid	-4.6	-4.6	-4.6	-4.6	-227.39
Net Debt Issued (Repaid)	-4.6	-4.6	-4.6	-4.6	231.46
Repurchase of Common Stock	-4.59	-3.08	-7.78	-40.63	-5.33
Common Dividends Paid	-	-	-12.5	-17.35	-17.36
Other Financing Activities	-1.56	-0.6	-10.94	-15.79	-19.42
Financing Cash Flow	-10.75	-8.27	-35.82	-78.36	189.35
Foreign Exchange Rate Adjustments	1.44	-1.98	0.83	-1.55	0.3
Net Cash Flow	23.78	43.52	-12.37	-20.27	37.17
Free Cash Flow	33.5	53.03	21.85	61.21	27.2
Free Cash Flow Growth	-36.82%	142.76%	-64.31%	125.01%	-57.46%
Free Cash Flow Margin	11.49%	17.23%	6.71%	17.32%	8.25%
Free Cash Flow Per Share	1.64	2.75	1.21	3.25	1.46
Cash Interest Paid	30.78	35.55	34.73	19.83	10.79
Cash Income Tax Paid	7.17	6.66	7.11	6.53	14.91
Levered Free Cash Flow	32.94	26.09	68.67	48.28	75.97
Unlevered Free Cash Flow	52.75	48.75	91.01	61.35	83.06
Change in Working Capital	-15.34	-3.05	-30.65	-13.63	0.04

Source: S&P Global Market Intelligence. Standard template. Financial Sources.