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Side-by-side financial comparison of GRAIL, Inc. (GRAL) 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 $43.6M, roughly 1.6× GRAIL, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -227.5%, a 229.5% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs -4.7%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
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.
GRAL vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $71.1M |
| Net Profit | $-99.2M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | 13.1% |
| Net Margin | -227.5% | 2.0% |
| Revenue YoY | 14.0% | -1.8% |
| Net Profit YoY | -2.2% | -75.2% |
| EPS (diluted) | $-2.37 | — |
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.
| Q4 25 | $43.6M | $71.1M | ||
| Q3 25 | $36.2M | $73.2M | ||
| Q2 25 | $35.5M | $72.8M | ||
| Q1 25 | $31.8M | $74.5M | ||
| Q4 24 | $38.3M | $72.5M | ||
| Q3 24 | $28.7M | $78.5M | ||
| Q2 24 | $32.0M | $78.5M | ||
| Q1 24 | $26.7M | $78.3M |
| Q4 25 | $-99.2M | $1.4M | ||
| Q3 25 | $-89.0M | $4.0M | ||
| Q2 25 | $-114.0M | $4.7M | ||
| Q1 25 | $-106.2M | $-2.0M | ||
| Q4 24 | $-97.1M | $5.8M | ||
| Q3 24 | $-125.7M | $966.0K | ||
| Q2 24 | $-1.6B | $3.7M | ||
| Q1 24 | $-218.9M | $-3.4M |
| Q4 25 | -285.4% | 13.1% | ||
| Q3 25 | -346.2% | 25.0% | ||
| Q2 25 | -446.9% | 19.3% | ||
| Q1 25 | -482.5% | 7.2% | ||
| Q4 24 | -358.0% | 5.9% | ||
| Q3 24 | -640.5% | 19.4% | ||
| Q2 24 | -5133.8% | 20.6% | ||
| Q1 24 | -851.1% | 5.8% |
| Q4 25 | -227.5% | 2.0% | ||
| Q3 25 | -245.8% | 5.4% | ||
| Q2 25 | -320.7% | 6.4% | ||
| Q1 25 | -333.6% | -2.6% | ||
| Q4 24 | -253.8% | 8.0% | ||
| Q3 24 | -438.7% | 1.2% | ||
| Q2 24 | -4958.8% | 4.7% | ||
| Q1 24 | -819.3% | -4.3% |
| Q4 25 | $-2.37 | — | ||
| Q3 25 | $-2.46 | — | ||
| Q2 25 | $-3.18 | — | ||
| Q1 25 | $-3.10 | — | ||
| Q4 24 | $-1.49 | — | ||
| Q3 24 | $-3.94 | — | ||
| Q2 24 | $-51.06 | — | ||
| Q1 24 | $-7.05 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $249.7M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $2.6B | $452.4M |
| Total Assets | $2.9B | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $118.7M | ||
| Q3 25 | $126.9M | $107.5M | ||
| Q2 25 | $127.4M | $94.3M | ||
| Q1 25 | $133.9M | $89.1M | ||
| Q4 24 | $214.2M | $96.6M | ||
| Q3 24 | $853.6M | $83.8M | ||
| Q2 24 | $958.8M | $66.1M | ||
| Q1 24 | $199.7M | $82.1M |
| 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 |
| Q4 25 | $2.6B | $452.4M | ||
| Q3 25 | $2.2B | $448.1M | ||
| Q2 25 | $2.3B | $442.4M | ||
| Q1 25 | $2.4B | $433.5M | ||
| Q4 24 | $2.5B | $429.5M | ||
| Q3 24 | $2.6B | $423.1M | ||
| Q2 24 | $2.7B | $418.4M | ||
| Q1 24 | — | $412.0M |
| Q4 25 | $2.9B | $582.5M | ||
| Q3 25 | $2.6B | $582.2M | ||
| Q2 25 | $2.7B | $574.8M | ||
| Q1 25 | $2.8B | $571.4M | ||
| Q4 24 | $3.0B | $581.6M | ||
| Q3 24 | $3.1B | $578.6M | ||
| Q2 24 | $3.3B | $571.4M | ||
| Q1 24 | — | $566.7M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-63.8M | $40.9M |
| Free Cash FlowOCF − Capex | $-63.9M | $33.5M |
| FCF MarginFCF / Revenue | -146.5% | 47.1% |
| Capex IntensityCapex / Revenue | 0.2% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $40.9M | ||
| Q3 25 | $-63.2M | $17.7M | ||
| Q2 25 | $-77.0M | $4.6M | ||
| Q1 25 | $-95.0M | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | $-104.6M | $17.6M | ||
| Q2 24 | $-171.8M | $15.9M | ||
| Q1 24 | $-207.3M | $9.4M |
| Q4 25 | $-63.9M | $33.5M | ||
| Q3 25 | $-63.6M | $16.4M | ||
| Q2 25 | $-77.3M | $2.9M | ||
| Q1 25 | $-95.1M | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | $-105.6M | $16.3M | ||
| Q2 24 | $-173.2M | $14.0M | ||
| Q1 24 | $-209.8M | $6.8M |
| Q4 25 | -146.5% | 47.1% | ||
| Q3 25 | -175.8% | 22.4% | ||
| Q2 25 | -217.6% | 4.0% | ||
| Q1 25 | -298.6% | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | -368.4% | 20.8% | ||
| Q2 24 | -541.7% | 17.8% | ||
| Q1 24 | -785.3% | 8.6% |
| Q4 25 | 0.2% | 10.4% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 1.0% | 2.2% | ||
| Q1 25 | 0.2% | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 3.4% | 1.7% | ||
| Q2 24 | 4.3% | 2.4% | ||
| Q1 24 | 9.5% | 3.3% |
| 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
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
