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

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $39.8M, roughly 1.8× Day One Biopharmaceuticals, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -49.6%, a 51.6% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -57.6%).

Day One Biopharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing targeted precision oncology therapies for pediatric and young adult patients with genetically driven cancers. It advances novel drug candidates to address unmet medical needs in underserved patient segments, operating primarily in the U.S. and partnering with global oncology research institutions.

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.

DAWN vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.8× larger
RMAX
$71.1M
$39.8M
DAWN
Growing faster (revenue YoY)
RMAX
RMAX
+55.7% gap
RMAX
-1.8%
-57.6%
DAWN
Higher net margin
RMAX
RMAX
51.6% more per $
RMAX
2.0%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAWN
DAWN
RMAX
RMAX
Revenue
$39.8M
$71.1M
Net Profit
$-19.7M
$1.4M
Gross Margin
Operating Margin
-60.9%
13.1%
Net Margin
-49.6%
2.0%
Revenue YoY
-57.6%
-1.8%
Net Profit YoY
-153.3%
-75.2%
EPS (diluted)
$-0.19

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
DAWN
DAWN
RMAX
RMAX
Q4 25
$71.1M
Q3 25
$39.8M
$73.2M
Q2 25
$33.9M
$72.8M
Q1 25
$30.8M
$74.5M
Q4 24
$72.5M
Q3 24
$93.8M
$78.5M
Q2 24
$78.5M
Q1 24
$0
$78.3M
Net Profit
DAWN
DAWN
RMAX
RMAX
Q4 25
$1.4M
Q3 25
$-19.7M
$4.0M
Q2 25
$-30.3M
$4.7M
Q1 25
$-36.0M
$-2.0M
Q4 24
$5.8M
Q3 24
$37.0M
$966.0K
Q2 24
$3.7M
Q1 24
$-62.4M
$-3.4M
Operating Margin
DAWN
DAWN
RMAX
RMAX
Q4 25
13.1%
Q3 25
-60.9%
25.0%
Q2 25
-103.1%
19.3%
Q1 25
-133.5%
7.2%
Q4 24
5.9%
Q3 24
31.6%
19.4%
Q2 24
20.6%
Q1 24
5.8%
Net Margin
DAWN
DAWN
RMAX
RMAX
Q4 25
2.0%
Q3 25
-49.6%
5.4%
Q2 25
-89.4%
6.4%
Q1 25
-117.0%
-2.6%
Q4 24
8.0%
Q3 24
39.5%
1.2%
Q2 24
4.7%
Q1 24
-4.3%
EPS (diluted)
DAWN
DAWN
RMAX
RMAX
Q4 25
Q3 25
$-0.19
Q2 25
$-0.29
Q1 25
$-0.35
Q4 24
Q3 24
$0.38
Q2 24
Q1 24
$-0.72

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$451.6M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$450.9M
$452.4M
Total Assets
$513.8M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
RMAX
RMAX
Q4 25
$118.7M
Q3 25
$451.6M
$107.5M
Q2 25
$453.1M
$94.3M
Q1 25
$473.0M
$89.1M
Q4 24
$96.6M
Q3 24
$558.4M
$83.8M
Q2 24
$66.1M
Q1 24
$317.9M
$82.1M
Total Debt
DAWN
DAWN
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
DAWN
DAWN
RMAX
RMAX
Q4 25
$452.4M
Q3 25
$450.9M
$448.1M
Q2 25
$460.8M
$442.4M
Q1 25
$479.5M
$433.5M
Q4 24
$429.5M
Q3 24
$555.5M
$423.1M
Q2 24
$418.4M
Q1 24
$296.8M
$412.0M
Total Assets
DAWN
DAWN
RMAX
RMAX
Q4 25
$582.5M
Q3 25
$513.8M
$582.2M
Q2 25
$519.0M
$574.8M
Q1 25
$534.4M
$571.4M
Q4 24
$581.6M
Q3 24
$600.8M
$578.6M
Q2 24
$571.4M
Q1 24
$326.6M
$566.7M
Debt / Equity
DAWN
DAWN
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
DAWN
DAWN
RMAX
RMAX
Operating Cash FlowLast quarter
$-5.8M
$40.9M
Free Cash FlowOCF − Capex
$33.5M
FCF MarginFCF / Revenue
47.1%
Capex IntensityCapex / Revenue
0.0%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
RMAX
RMAX
Q4 25
$40.9M
Q3 25
$-5.8M
$17.7M
Q2 25
$-24.8M
$4.6M
Q1 25
$-59.0M
$5.7M
Q4 24
$59.7M
Q3 24
$50.8M
$17.6M
Q2 24
$15.9M
Q1 24
$-49.7M
$9.4M
Free Cash Flow
DAWN
DAWN
RMAX
RMAX
Q4 25
$33.5M
Q3 25
$16.4M
Q2 25
$-24.8M
$2.9M
Q1 25
$-59.3M
$4.0M
Q4 24
$53.0M
Q3 24
$50.0M
$16.3M
Q2 24
$14.0M
Q1 24
$6.8M
FCF Margin
DAWN
DAWN
RMAX
RMAX
Q4 25
47.1%
Q3 25
22.4%
Q2 25
-73.2%
4.0%
Q1 25
-192.8%
5.3%
Q4 24
73.2%
Q3 24
53.4%
20.8%
Q2 24
17.8%
Q1 24
8.6%
Capex Intensity
DAWN
DAWN
RMAX
RMAX
Q4 25
10.4%
Q3 25
0.0%
1.8%
Q2 25
0.0%
2.2%
Q1 25
1.0%
2.3%
Q4 24
9.1%
Q3 24
0.8%
1.7%
Q2 24
2.4%
Q1 24
3.3%
Cash Conversion
DAWN
DAWN
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
Q4 24
10.28×
Q3 24
1.37×
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

DAWN
DAWN

Products$38.5M97%
License Agreement With Ipsen Pharma Sas$1.3M3%

RMAX
RMAX

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

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