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Side-by-side financial comparison of Gorilla Technology Group Inc. (GRRR) 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 $39.3M, roughly 1.8× Gorilla Technology Group Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -21.6%, a 23.6% gap on every dollar of revenue. On growth, Gorilla Technology Group Inc. posted the faster year-over-year revenue change (90.2% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-12.8M).

Gorilla Technology Group Inc. is a global AI technology solutions provider specializing in intelligent video analytics, smart city platforms, and cybersecurity products. It caters to government agencies, enterprise clients, and commercial partners across Asia Pacific, North America, and Europe, delivering scalable tools to boost operational efficiency and security for diverse industry use cases.

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.

GRRR vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.8× larger
RMAX
$71.1M
$39.3M
GRRR
Growing faster (revenue YoY)
GRRR
GRRR
+92.0% gap
GRRR
90.2%
-1.8%
RMAX
Higher net margin
RMAX
RMAX
23.6% more per $
RMAX
2.0%
-21.6%
GRRR
More free cash flow
RMAX
RMAX
$46.4M more FCF
RMAX
$33.5M
$-12.8M
GRRR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GRRR
GRRR
RMAX
RMAX
Revenue
$39.3M
$71.1M
Net Profit
$-8.5M
$1.4M
Gross Margin
34.2%
Operating Margin
-23.1%
13.1%
Net Margin
-21.6%
2.0%
Revenue YoY
90.2%
-1.8%
Net Profit YoY
-627.6%
-75.2%
EPS (diluted)
$-0.43

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
GRRR
GRRR
RMAX
RMAX
Q4 25
$71.1M
Q3 25
$73.2M
Q2 25
$39.3M
$72.8M
Q1 25
$74.5M
Q4 24
$72.5M
Q3 24
$78.5M
Q2 24
$20.7M
$78.5M
Q1 24
$78.3M
Net Profit
GRRR
GRRR
RMAX
RMAX
Q4 25
$1.4M
Q3 25
$4.0M
Q2 25
$-8.5M
$4.7M
Q1 25
$-2.0M
Q4 24
$5.8M
Q3 24
$966.0K
Q2 24
$1.6M
$3.7M
Q1 24
$-3.4M
Gross Margin
GRRR
GRRR
RMAX
RMAX
Q4 25
Q3 25
Q2 25
34.2%
Q1 25
Q4 24
Q3 24
Q2 24
85.5%
Q1 24
Operating Margin
GRRR
GRRR
RMAX
RMAX
Q4 25
13.1%
Q3 25
25.0%
Q2 25
-23.1%
19.3%
Q1 25
7.2%
Q4 24
5.9%
Q3 24
19.4%
Q2 24
8.6%
20.6%
Q1 24
5.8%
Net Margin
GRRR
GRRR
RMAX
RMAX
Q4 25
2.0%
Q3 25
5.4%
Q2 25
-21.6%
6.4%
Q1 25
-2.6%
Q4 24
8.0%
Q3 24
1.2%
Q2 24
7.8%
4.7%
Q1 24
-4.3%
EPS (diluted)
GRRR
GRRR
RMAX
RMAX
Q4 25
Q3 25
Q2 25
$-0.43
Q1 25
Q4 24
Q3 24
Q2 24
$0.15
Q1 24

Balance Sheet & Financial Strength

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

Metric
GRRR
GRRR
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$10.1M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$98.2M
$452.4M
Total Assets
$162.7M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRRR
GRRR
RMAX
RMAX
Q4 25
$118.7M
Q3 25
$107.5M
Q2 25
$10.1M
$94.3M
Q1 25
$89.1M
Q4 24
$96.6M
Q3 24
$83.8M
Q2 24
$11.2M
$66.1M
Q1 24
$82.1M
Total Debt
GRRR
GRRR
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
$7.4M
$438.1M
Q1 24
$439.0M
Stockholders' Equity
GRRR
GRRR
RMAX
RMAX
Q4 25
$452.4M
Q3 25
$448.1M
Q2 25
$98.2M
$442.4M
Q1 25
$433.5M
Q4 24
$429.5M
Q3 24
$423.1M
Q2 24
$72.1M
$418.4M
Q1 24
$412.0M
Total Assets
GRRR
GRRR
RMAX
RMAX
Q4 25
$582.5M
Q3 25
$582.2M
Q2 25
$162.7M
$574.8M
Q1 25
$571.4M
Q4 24
$581.6M
Q3 24
$578.6M
Q2 24
$133.1M
$571.4M
Q1 24
$566.7M
Debt / Equity
GRRR
GRRR
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
0.10×
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
GRRR
GRRR
RMAX
RMAX
Operating Cash FlowLast quarter
$-12.5M
$40.9M
Free Cash FlowOCF − Capex
$-12.8M
$33.5M
FCF MarginFCF / Revenue
-32.7%
47.1%
Capex IntensityCapex / Revenue
0.8%
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
GRRR
GRRR
RMAX
RMAX
Q4 25
$40.9M
Q3 25
$17.7M
Q2 25
$-12.5M
$4.6M
Q1 25
$5.7M
Q4 24
$59.7M
Q3 24
$17.6M
Q2 24
$-11.3M
$15.9M
Q1 24
$9.4M
Free Cash Flow
GRRR
GRRR
RMAX
RMAX
Q4 25
$33.5M
Q3 25
$16.4M
Q2 25
$-12.8M
$2.9M
Q1 25
$4.0M
Q4 24
$53.0M
Q3 24
$16.3M
Q2 24
$-11.6M
$14.0M
Q1 24
$6.8M
FCF Margin
GRRR
GRRR
RMAX
RMAX
Q4 25
47.1%
Q3 25
22.4%
Q2 25
-32.7%
4.0%
Q1 25
5.3%
Q4 24
73.2%
Q3 24
20.8%
Q2 24
-56.2%
17.8%
Q1 24
8.6%
Capex Intensity
GRRR
GRRR
RMAX
RMAX
Q4 25
10.4%
Q3 25
1.8%
Q2 25
0.8%
2.2%
Q1 25
2.3%
Q4 24
9.1%
Q3 24
1.7%
Q2 24
1.8%
2.4%
Q1 24
3.3%
Cash Conversion
GRRR
GRRR
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
-6.99×
4.29×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GRRR
GRRR

Segment breakdown not available.

RMAX
RMAX

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

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