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Side-by-side financial comparison of WM TECHNOLOGY, INC. (MAPS) 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 $43.1M, roughly 1.7× WM TECHNOLOGY, INC.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -8.3%, a 10.3% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -9.7%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-280.0K). Over the past eight quarters, WM TECHNOLOGY, INC.'s revenue compounded faster (-1.5% CAGR vs -4.7%).
WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.
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.
MAPS vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.1M | $71.1M |
| Net Profit | $-3.6M | $1.4M |
| Gross Margin | 94.9% | — |
| Operating Margin | -13.5% | 13.1% |
| Net Margin | -8.3% | 2.0% |
| Revenue YoY | -9.7% | -1.8% |
| Net Profit YoY | -251.9% | -75.2% |
| EPS (diluted) | — | — |
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 | $43.1M | $71.1M | ||
| Q3 25 | $42.2M | $73.2M | ||
| Q2 25 | $44.8M | $72.8M | ||
| Q1 25 | $44.6M | $74.5M | ||
| Q4 24 | $47.7M | $72.5M | ||
| Q3 24 | $46.6M | $78.5M | ||
| Q2 24 | $45.9M | $78.5M | ||
| Q1 24 | $44.4M | $78.3M |
| Q4 25 | $-3.6M | $1.4M | ||
| Q3 25 | $2.5M | $4.0M | ||
| Q2 25 | $1.4M | $4.7M | ||
| Q1 25 | $1.6M | $-2.0M | ||
| Q4 24 | $2.4M | $5.8M | ||
| Q3 24 | $3.3M | $966.0K | ||
| Q2 24 | $716.0K | $3.7M | ||
| Q1 24 | $1.2M | $-3.4M |
| Q4 25 | 94.9% | — | ||
| Q3 25 | 95.0% | — | ||
| Q2 25 | 94.9% | — | ||
| Q1 25 | 95.0% | — | ||
| Q4 24 | 95.2% | — | ||
| Q3 24 | 95.3% | — | ||
| Q2 24 | 95.1% | — | ||
| Q1 24 | 94.8% | — |
| Q4 25 | -13.5% | 13.1% | ||
| Q3 25 | 4.6% | 25.0% | ||
| Q2 25 | 4.4% | 19.3% | ||
| Q1 25 | 5.9% | 7.2% | ||
| Q4 24 | 9.6% | 5.9% | ||
| Q3 24 | 11.2% | 19.4% | ||
| Q2 24 | 2.7% | 20.6% | ||
| Q1 24 | 8.5% | 5.8% |
| Q4 25 | -8.3% | 2.0% | ||
| Q3 25 | 5.8% | 5.4% | ||
| Q2 25 | 3.2% | 6.4% | ||
| Q1 25 | 3.7% | -2.6% | ||
| Q4 24 | 4.9% | 8.0% | ||
| Q3 24 | 7.2% | 1.2% | ||
| Q2 24 | 1.6% | 4.7% | ||
| Q1 24 | 2.8% | -4.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $0.02 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $62.4M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $57.2M | $452.4M |
| Total Assets | $190.7M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.4M | $118.7M | ||
| Q3 25 | — | $107.5M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | $52.0M | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M | ||
| Q1 24 | — | $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 | $57.2M | $452.4M | ||
| Q3 25 | $56.9M | $448.1M | ||
| Q2 25 | $52.7M | $442.4M | ||
| Q1 25 | $48.5M | $433.5M | ||
| Q4 24 | $36.1M | $429.5M | ||
| Q3 24 | $29.5M | $423.1M | ||
| Q2 24 | $24.5M | $418.4M | ||
| Q1 24 | $20.8M | $412.0M |
| Q4 25 | $190.7M | $582.5M | ||
| Q3 25 | $192.9M | $582.2M | ||
| Q2 25 | $188.1M | $574.8M | ||
| Q1 25 | $183.8M | $571.4M | ||
| Q4 24 | $181.9M | $581.6M | ||
| Q3 24 | $173.6M | $578.6M | ||
| Q2 24 | $168.0M | $571.4M | ||
| Q1 24 | $165.8M | $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 | $3.0M | $40.9M |
| Free Cash FlowOCF − Capex | $-280.0K | $33.5M |
| FCF MarginFCF / Revenue | -0.7% | 47.1% |
| Capex IntensityCapex / Revenue | 7.7% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $13.5M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $40.9M | ||
| Q3 25 | $6.4M | $17.7M | ||
| Q2 25 | $11.1M | $4.6M | ||
| Q1 25 | $5.7M | $5.7M | ||
| Q4 24 | $9.4M | $59.7M | ||
| Q3 24 | $7.2M | $17.6M | ||
| Q2 24 | $12.7M | $15.9M | ||
| Q1 24 | $7.4M | $9.4M |
| Q4 25 | $-280.0K | $33.5M | ||
| Q3 25 | $3.6M | $16.4M | ||
| Q2 25 | $8.2M | $2.9M | ||
| Q1 25 | $2.0M | $4.0M | ||
| Q4 24 | $7.3M | $53.0M | ||
| Q3 24 | $4.9M | $16.3M | ||
| Q2 24 | $10.1M | $14.0M | ||
| Q1 24 | $2.9M | $6.8M |
| Q4 25 | -0.7% | 47.1% | ||
| Q3 25 | 8.4% | 22.4% | ||
| Q2 25 | 18.3% | 4.0% | ||
| Q1 25 | 4.5% | 5.3% | ||
| Q4 24 | 15.2% | 73.2% | ||
| Q3 24 | 10.4% | 20.8% | ||
| Q2 24 | 21.9% | 17.8% | ||
| Q1 24 | 6.4% | 8.6% |
| Q4 25 | 7.7% | 10.4% | ||
| Q3 25 | 6.8% | 1.8% | ||
| Q2 25 | 6.3% | 2.2% | ||
| Q1 25 | 8.2% | 2.3% | ||
| Q4 24 | 4.5% | 9.1% | ||
| Q3 24 | 5.1% | 1.7% | ||
| Q2 24 | 5.7% | 2.4% | ||
| Q1 24 | 10.2% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | 2.61× | 4.45× | ||
| Q2 25 | 7.75× | 0.97× | ||
| Q1 25 | 3.44× | — | ||
| Q4 24 | 4.00× | 10.28× | ||
| Q3 24 | 2.17× | 18.22× | ||
| Q2 24 | 17.67× | 4.29× | ||
| Q1 24 | 5.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
