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Side-by-side financial comparison of GYRE THERAPEUTICS, INC. (GYRE) 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 $37.2M, roughly 1.9× GYRE THERAPEUTICS, INC.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -3.7%, a 5.7% gap on every dollar of revenue. On growth, GYRE THERAPEUTICS, INC. posted the faster year-over-year revenue change (33.4% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-5.8M). Over the past eight quarters, GYRE THERAPEUTICS, INC.'s revenue compounded faster (17.0% CAGR vs -4.7%).

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

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.

GYRE vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.9× larger
RMAX
$71.1M
$37.2M
GYRE
Growing faster (revenue YoY)
GYRE
GYRE
+35.3% gap
GYRE
33.4%
-1.8%
RMAX
Higher net margin
RMAX
RMAX
5.7% more per $
RMAX
2.0%
-3.7%
GYRE
More free cash flow
RMAX
RMAX
$39.3M more FCF
RMAX
$33.5M
$-5.8M
GYRE
Faster 2-yr revenue CAGR
GYRE
GYRE
Annualised
GYRE
17.0%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GYRE
GYRE
RMAX
RMAX
Revenue
$37.2M
$71.1M
Net Profit
$-1.4M
$1.4M
Gross Margin
95.3%
Operating Margin
0.3%
13.1%
Net Margin
-3.7%
2.0%
Revenue YoY
33.4%
-1.8%
Net Profit YoY
-340.1%
-75.2%
EPS (diluted)
$-0.01

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
GYRE
GYRE
RMAX
RMAX
Q4 25
$37.2M
$71.1M
Q3 25
$30.6M
$73.2M
Q2 25
$26.8M
$72.8M
Q1 25
$22.1M
$74.5M
Q4 24
$27.9M
$72.5M
Q3 24
$25.5M
$78.5M
Q2 24
$25.2M
$78.5M
Q1 24
$27.2M
$78.3M
Net Profit
GYRE
GYRE
RMAX
RMAX
Q4 25
$-1.4M
$1.4M
Q3 25
$5.9M
$4.0M
Q2 25
$1.6M
$4.7M
Q1 25
$3.7M
$-2.0M
Q4 24
$569.0K
$5.8M
Q3 24
$2.9M
$966.0K
Q2 24
$4.5M
$3.7M
Q1 24
$9.9M
$-3.4M
Gross Margin
GYRE
GYRE
RMAX
RMAX
Q4 25
95.3%
Q3 25
94.7%
Q2 25
95.7%
Q1 25
95.9%
Q4 24
95.8%
Q3 24
96.2%
Q2 24
96.9%
Q1 24
96.4%
Operating Margin
GYRE
GYRE
RMAX
RMAX
Q4 25
0.3%
13.1%
Q3 25
22.7%
25.0%
Q2 25
8.1%
19.3%
Q1 25
10.3%
7.2%
Q4 24
2.4%
5.9%
Q3 24
16.6%
19.4%
Q2 24
12.7%
20.6%
Q1 24
29.7%
5.8%
Net Margin
GYRE
GYRE
RMAX
RMAX
Q4 25
-3.7%
2.0%
Q3 25
19.4%
5.4%
Q2 25
5.9%
6.4%
Q1 25
16.9%
-2.6%
Q4 24
2.0%
8.0%
Q3 24
11.2%
1.2%
Q2 24
18.0%
4.7%
Q1 24
36.6%
-4.3%
EPS (diluted)
GYRE
GYRE
RMAX
RMAX
Q4 25
$-0.01
Q3 25
$0.03
Q2 25
$0.00
Q1 25
$0.00
Q4 24
$0.00
Q3 24
$0.01
Q2 24
$0.01
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
GYRE
GYRE
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$52.4M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$106.0M
$452.4M
Total Assets
$166.1M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GYRE
GYRE
RMAX
RMAX
Q4 25
$52.4M
$118.7M
Q3 25
$60.0M
$107.5M
Q2 25
$54.4M
$94.3M
Q1 25
$29.9M
$89.1M
Q4 24
$26.7M
$96.6M
Q3 24
$25.1M
$83.8M
Q2 24
$25.1M
$66.1M
Q1 24
$37.4M
$82.1M
Total Debt
GYRE
GYRE
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
GYRE
GYRE
RMAX
RMAX
Q4 25
$106.0M
$452.4M
Q3 25
$101.9M
$448.1M
Q2 25
$92.0M
$442.4M
Q1 25
$68.1M
$433.5M
Q4 24
$63.3M
$429.5M
Q3 24
$63.2M
$423.1M
Q2 24
$60.4M
$418.4M
Q1 24
$56.6M
$412.0M
Total Assets
GYRE
GYRE
RMAX
RMAX
Q4 25
$166.1M
$582.5M
Q3 25
$159.4M
$582.2M
Q2 25
$152.6M
$574.8M
Q1 25
$129.8M
$571.4M
Q4 24
$125.4M
$581.6M
Q3 24
$125.2M
$578.6M
Q2 24
$120.9M
$571.4M
Q1 24
$122.0M
$566.7M
Debt / Equity
GYRE
GYRE
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
GYRE
GYRE
RMAX
RMAX
Operating Cash FlowLast quarter
$-5.6M
$40.9M
Free Cash FlowOCF − Capex
$-5.8M
$33.5M
FCF MarginFCF / Revenue
-15.5%
47.1%
Capex IntensityCapex / Revenue
0.4%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$-180.0K
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GYRE
GYRE
RMAX
RMAX
Q4 25
$-5.6M
$40.9M
Q3 25
$4.7M
$17.7M
Q2 25
$2.1M
$4.6M
Q1 25
$-129.0K
$5.7M
Q4 24
$-2.8M
$59.7M
Q3 24
$1.7M
$17.6M
Q2 24
$-5.5M
$15.9M
Q1 24
$2.9M
$9.4M
Free Cash Flow
GYRE
GYRE
RMAX
RMAX
Q4 25
$-5.8M
$33.5M
Q3 25
$4.0M
$16.4M
Q2 25
$1.8M
$2.9M
Q1 25
$-251.0K
$4.0M
Q4 24
$-2.8M
$53.0M
Q3 24
$1.0M
$16.3M
Q2 24
$-6.9M
$14.0M
Q1 24
$2.7M
$6.8M
FCF Margin
GYRE
GYRE
RMAX
RMAX
Q4 25
-15.5%
47.1%
Q3 25
13.1%
22.4%
Q2 25
6.8%
4.0%
Q1 25
-1.1%
5.3%
Q4 24
-10.1%
73.2%
Q3 24
4.1%
20.8%
Q2 24
-27.5%
17.8%
Q1 24
9.8%
8.6%
Capex Intensity
GYRE
GYRE
RMAX
RMAX
Q4 25
0.4%
10.4%
Q3 25
2.2%
1.8%
Q2 25
1.0%
2.2%
Q1 25
0.6%
2.3%
Q4 24
0.2%
9.1%
Q3 24
2.7%
1.7%
Q2 24
5.8%
2.4%
Q1 24
0.9%
3.3%
Cash Conversion
GYRE
GYRE
RMAX
RMAX
Q4 25
28.39×
Q3 25
0.79×
4.45×
Q2 25
1.32×
0.97×
Q1 25
-0.03×
Q4 24
-4.85×
10.28×
Q3 24
0.60×
18.22×
Q2 24
-1.21×
4.29×
Q1 24
0.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GYRE
GYRE

Segment breakdown not available.

RMAX
RMAX

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

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