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Side-by-side financial comparison of C3.ai, Inc. (AI) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $71.1M, roughly 1.1× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -139.3%, a 141.3% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -20.3%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-46.9M). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -4.7%).

C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

AI vs RMAX — Head-to-Head

Bigger by revenue
AI
AI
1.1× larger
AI
$75.1M
$71.1M
RMAX
Growing faster (revenue YoY)
RMAX
RMAX
+18.5% gap
RMAX
-1.8%
-20.3%
AI
Higher net margin
RMAX
RMAX
141.3% more per $
RMAX
2.0%
-139.3%
AI
More free cash flow
RMAX
RMAX
$80.4M more FCF
RMAX
$33.5M
$-46.9M
AI
Faster 2-yr revenue CAGR
AI
AI
Annualised
AI
-2.1%
-4.7%
RMAX

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AI
AI
RMAX
RMAX
Revenue
$75.1M
$71.1M
Net Profit
$-104.7M
$1.4M
Gross Margin
40.4%
Operating Margin
-149.2%
13.1%
Net Margin
-139.3%
2.0%
Revenue YoY
-20.3%
-1.8%
Net Profit YoY
-58.7%
-75.2%
EPS (diluted)
$-0.75

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AI
AI
RMAX
RMAX
Q4 25
$75.1M
$71.1M
Q3 25
$70.3M
$73.2M
Q2 25
$108.7M
$72.8M
Q1 25
$98.8M
$74.5M
Q4 24
$94.3M
$72.5M
Q3 24
$87.2M
$78.5M
Q2 24
$86.6M
$78.5M
Q1 24
$78.4M
$78.3M
Net Profit
AI
AI
RMAX
RMAX
Q4 25
$-104.7M
$1.4M
Q3 25
$-116.8M
$4.0M
Q2 25
$-79.7M
$4.7M
Q1 25
$-80.2M
$-2.0M
Q4 24
$-66.0M
$5.8M
Q3 24
$-62.8M
$966.0K
Q2 24
$-72.9M
$3.7M
Q1 24
$-72.6M
$-3.4M
Gross Margin
AI
AI
RMAX
RMAX
Q4 25
40.4%
Q3 25
37.6%
Q2 25
62.1%
Q1 25
59.1%
Q4 24
61.3%
Q3 24
59.8%
Q2 24
59.6%
Q1 24
57.8%
Operating Margin
AI
AI
RMAX
RMAX
Q4 25
-149.2%
13.1%
Q3 25
-177.7%
25.0%
Q2 25
-81.8%
19.3%
Q1 25
-88.7%
7.2%
Q4 24
-79.8%
5.9%
Q3 24
-83.2%
19.4%
Q2 24
-95.1%
20.6%
Q1 24
-105.3%
5.8%
Net Margin
AI
AI
RMAX
RMAX
Q4 25
-139.3%
2.0%
Q3 25
-166.2%
5.4%
Q2 25
-73.3%
6.4%
Q1 25
-81.2%
-2.6%
Q4 24
-69.9%
8.0%
Q3 24
-72.0%
1.2%
Q2 24
-84.2%
4.7%
Q1 24
-92.6%
-4.3%
EPS (diluted)
AI
AI
RMAX
RMAX
Q4 25
$-0.75
Q3 25
$-0.86
Q2 25
$-0.60
Q1 25
$-0.62
Q4 24
$-0.52
Q3 24
$-0.50
Q2 24
$-0.59
Q1 24
$-0.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AI
AI
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$675.0M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$771.9M
$452.4M
Total Assets
$961.3M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AI
AI
RMAX
RMAX
Q4 25
$675.0M
$118.7M
Q3 25
$711.9M
$107.5M
Q2 25
$742.7M
$94.3M
Q1 25
$724.3M
$89.1M
Q4 24
$730.4M
$96.6M
Q3 24
$762.5M
$83.8M
Q2 24
$750.4M
$66.1M
Q1 24
$723.3M
$82.1M
Total Debt
AI
AI
RMAX
RMAX
Q4 25
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
AI
AI
RMAX
RMAX
Q4 25
$771.9M
$452.4M
Q3 25
$798.8M
$448.1M
Q2 25
$838.3M
$442.4M
Q1 25
$860.2M
$433.5M
Q4 24
$859.0M
$429.5M
Q3 24
$874.9M
$423.1M
Q2 24
$873.4M
$418.4M
Q1 24
$898.0M
$412.0M
Total Assets
AI
AI
RMAX
RMAX
Q4 25
$961.3M
$582.5M
Q3 25
$968.7M
$582.2M
Q2 25
$1.0B
$574.8M
Q1 25
$1.1B
$571.4M
Q4 24
$1.0B
$581.6M
Q3 24
$1.1B
$578.6M
Q2 24
$1.0B
$571.4M
Q1 24
$1.1B
$566.7M
Debt / Equity
AI
AI
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AI
AI
RMAX
RMAX
Operating Cash FlowLast quarter
$-46.5M
$40.9M
Free Cash FlowOCF − Capex
$-46.9M
$33.5M
FCF MarginFCF / Revenue
-62.4%
47.1%
Capex IntensityCapex / Revenue
0.5%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$-93.2M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AI
AI
RMAX
RMAX
Q4 25
$-46.5M
$40.9M
Q3 25
$-33.5M
$17.7M
Q2 25
$11.3M
$4.6M
Q1 25
$-22.0M
$5.7M
Q4 24
$-38.7M
$59.7M
Q3 24
$8.0M
$17.6M
Q2 24
$21.3M
$15.9M
Q1 24
$-39.1M
$9.4M
Free Cash Flow
AI
AI
RMAX
RMAX
Q4 25
$-46.9M
$33.5M
Q3 25
$-34.3M
$16.4M
Q2 25
$10.3M
$2.9M
Q1 25
$-22.4M
$4.0M
Q4 24
$-39.5M
$53.0M
Q3 24
$7.1M
$16.3M
Q2 24
$18.8M
$14.0M
Q1 24
$-45.1M
$6.8M
FCF Margin
AI
AI
RMAX
RMAX
Q4 25
-62.4%
47.1%
Q3 25
-48.8%
22.4%
Q2 25
9.5%
4.0%
Q1 25
-22.7%
5.3%
Q4 24
-41.9%
73.2%
Q3 24
8.2%
20.8%
Q2 24
21.7%
17.8%
Q1 24
-57.6%
8.6%
Capex Intensity
AI
AI
RMAX
RMAX
Q4 25
0.5%
10.4%
Q3 25
1.1%
1.8%
Q2 25
0.9%
2.2%
Q1 25
0.4%
2.3%
Q4 24
0.9%
9.1%
Q3 24
1.1%
1.7%
Q2 24
2.9%
2.4%
Q1 24
7.8%
3.3%
Cash Conversion
AI
AI
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
Q4 24
10.28×
Q3 24
18.22×
Q2 24
4.29×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AI
AI

License And Service$70.2M93%
Professional Services$4.9M7%

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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