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Side-by-side financial comparison of Inspirato Inc (ISPO) 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 $55.5M, roughly 1.3× Inspirato Inc). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -8.1%, a 10.2% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -19.6%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-3.0M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -11.4%).
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
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.
ISPO vs RMAX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $71.1M |
| Net Profit | $-4.5M | $1.4M |
| Gross Margin | 31.4% | — |
| Operating Margin | -8.0% | 13.1% |
| Net Margin | -8.1% | 2.0% |
| Revenue YoY | -19.6% | -1.8% |
| Net Profit YoY | -204.4% | -75.2% |
| EPS (diluted) | $-0.36 | — |
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 | — | $71.1M | ||
| Q3 25 | $55.5M | $73.2M | ||
| Q2 25 | $63.1M | $72.8M | ||
| Q1 25 | $65.9M | $74.5M | ||
| Q4 24 | $63.1M | $72.5M | ||
| Q3 24 | $69.1M | $78.5M | ||
| Q2 24 | $67.4M | $78.5M | ||
| Q1 24 | $80.2M | $78.3M |
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-4.5M | $4.0M | ||
| Q2 25 | $-5.3M | $4.7M | ||
| Q1 25 | $1.6M | $-2.0M | ||
| Q4 24 | $-2.3M | $5.8M | ||
| Q3 24 | $4.3M | $966.0K | ||
| Q2 24 | $-8.7M | $3.7M | ||
| Q1 24 | $1.3M | $-3.4M |
| Q4 25 | — | — | ||
| Q3 25 | 31.4% | — | ||
| Q2 25 | 27.5% | — | ||
| Q1 25 | 38.8% | — | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 71.5% | — | ||
| Q2 24 | 24.0% | — | ||
| Q1 24 | 39.5% | — |
| Q4 25 | — | 13.1% | ||
| Q3 25 | -8.0% | 25.0% | ||
| Q2 25 | -8.3% | 19.3% | ||
| Q1 25 | 2.5% | 7.2% | ||
| Q4 24 | -3.2% | 5.9% | ||
| Q3 24 | 9.8% | 19.4% | ||
| Q2 24 | -22.8% | 20.6% | ||
| Q1 24 | 3.0% | 5.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | -8.1% | 5.4% | ||
| Q2 25 | -8.4% | 6.4% | ||
| Q1 25 | 2.5% | -2.6% | ||
| Q4 24 | -3.6% | 8.0% | ||
| Q3 24 | 6.3% | 1.2% | ||
| Q2 24 | -12.9% | 4.7% | ||
| Q1 24 | 1.6% | -4.3% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.36 | — | ||
| Q2 25 | $-0.42 | — | ||
| Q1 25 | $0.12 | — | ||
| Q4 24 | $0.98 | — | ||
| Q3 24 | $0.62 | — | ||
| Q2 24 | $-2.33 | — | ||
| Q1 24 | $-0.18 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $-134.0M | $452.4M |
| Total Assets | $228.3M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $118.7M | ||
| Q3 25 | $13.7M | $107.5M | ||
| Q2 25 | $16.7M | $94.3M | ||
| Q1 25 | $16.4M | $89.1M | ||
| Q4 24 | $21.8M | $96.6M | ||
| Q3 24 | $13.5M | $83.8M | ||
| Q2 24 | $18.8M | $66.1M | ||
| Q1 24 | $22.6M | $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 | — | $452.4M | ||
| Q3 25 | $-134.0M | $448.1M | ||
| Q2 25 | $-129.7M | $442.4M | ||
| Q1 25 | $-125.2M | $433.5M | ||
| Q4 24 | $-129.9M | $429.5M | ||
| Q3 24 | $-134.6M | $423.1M | ||
| Q2 24 | $-35.2M | $418.4M | ||
| Q1 24 | $-27.5M | $412.0M |
| Q4 25 | — | $582.5M | ||
| Q3 25 | $228.3M | $582.2M | ||
| Q2 25 | $252.6M | $574.8M | ||
| Q1 25 | $270.1M | $571.4M | ||
| Q4 24 | $273.9M | $581.6M | ||
| Q3 24 | $273.3M | $578.6M | ||
| Q2 24 | $301.7M | $571.4M | ||
| Q1 24 | $313.0M | $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 | $-2.2M | $40.9M |
| Free Cash FlowOCF − Capex | $-3.0M | $33.5M |
| FCF MarginFCF / Revenue | -5.4% | 47.1% |
| Capex IntensityCapex / Revenue | 1.4% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-31.2M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.9M | ||
| Q3 25 | $-2.2M | $17.7M | ||
| Q2 25 | $1.1M | $4.6M | ||
| Q1 25 | $-6.6M | $5.7M | ||
| Q4 24 | $-15.8M | $59.7M | ||
| Q3 24 | $-13.7M | $17.6M | ||
| Q2 24 | $-1.8M | $15.9M | ||
| Q1 24 | $-7.2M | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | $-3.0M | $16.4M | ||
| Q2 25 | $468.0K | $2.9M | ||
| Q1 25 | $-7.5M | $4.0M | ||
| Q4 24 | $-21.2M | $53.0M | ||
| Q3 24 | $-14.8M | $16.3M | ||
| Q2 24 | $-3.7M | $14.0M | ||
| Q1 24 | $-8.5M | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | -5.4% | 22.4% | ||
| Q2 25 | 0.7% | 4.0% | ||
| Q1 25 | -11.4% | 5.3% | ||
| Q4 24 | -33.7% | 73.2% | ||
| Q3 24 | -21.5% | 20.8% | ||
| Q2 24 | -5.5% | 17.8% | ||
| Q1 24 | -10.6% | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 1.0% | 2.2% | ||
| Q1 25 | 1.3% | 2.3% | ||
| Q4 24 | 8.7% | 9.1% | ||
| Q3 24 | 1.6% | 1.7% | ||
| Q2 24 | 2.8% | 2.4% | ||
| Q1 24 | 1.6% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | -4.09× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | -3.16× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | -5.70× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
