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Side-by-side financial comparison of MARKETWISE, INC. (MKTW) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

MARKETWISE, INC. is the larger business by last-quarter revenue ($83.4M vs $71.1M, roughly 1.2× RE/MAX Holdings, Inc.). MARKETWISE, INC. runs the higher net margin — 2.3% vs 2.0%, a 0.3% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -14.4%). MARKETWISE, INC. produced more free cash flow last quarter ($45.6M vs $33.5M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -12.5%).

MarketWise Inc. is a leading provider of investment research, financial market data, and wealth management education solutions. It serves both retail and institutional investors across North America, Europe, and the Asia-Pacific region, offering actionable market insights, portfolio analysis tools, and specialized multi-asset research.

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.

MKTW vs RMAX — Head-to-Head

Bigger by revenue
MKTW
MKTW
1.2× larger
MKTW
$83.4M
$71.1M
RMAX
Growing faster (revenue YoY)
RMAX
RMAX
+12.6% gap
RMAX
-1.8%
-14.4%
MKTW
Higher net margin
MKTW
MKTW
0.3% more per $
MKTW
2.3%
2.0%
RMAX
More free cash flow
MKTW
MKTW
$12.1M more FCF
MKTW
$45.6M
$33.5M
RMAX
Faster 2-yr revenue CAGR
RMAX
RMAX
Annualised
RMAX
-4.7%
-12.5%
MKTW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MKTW
MKTW
RMAX
RMAX
Revenue
$83.4M
$71.1M
Net Profit
$1.9M
$1.4M
Gross Margin
87.0%
Operating Margin
15.8%
13.1%
Net Margin
2.3%
2.0%
Revenue YoY
-14.4%
-1.8%
Net Profit YoY
-9.8%
-75.2%
EPS (diluted)
$0.79

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
MKTW
MKTW
RMAX
RMAX
Q4 25
$83.4M
$71.1M
Q3 25
$81.3M
$73.2M
Q2 25
$80.0M
$72.8M
Q1 25
$83.5M
$74.5M
Q4 24
$97.5M
$72.5M
Q3 24
$97.2M
$78.5M
Q2 24
$105.0M
$78.5M
Q1 24
$109.0M
$78.3M
Net Profit
MKTW
MKTW
RMAX
RMAX
Q4 25
$1.9M
$1.4M
Q3 25
$1.5M
$4.0M
Q2 25
$1.3M
$4.7M
Q1 25
$890.0K
$-2.0M
Q4 24
$2.1M
$5.8M
Q3 24
$1.7M
$966.0K
Q2 24
$1.5M
$3.7M
Q1 24
$1.7M
$-3.4M
Gross Margin
MKTW
MKTW
RMAX
RMAX
Q4 25
87.0%
Q3 25
87.0%
Q2 25
86.3%
Q1 25
85.7%
Q4 24
88.7%
Q3 24
86.7%
Q2 24
87.3%
Q1 24
87.7%
Operating Margin
MKTW
MKTW
RMAX
RMAX
Q4 25
15.8%
13.1%
Q3 25
21.9%
25.0%
Q2 25
18.5%
19.3%
Q1 25
20.1%
7.2%
Q4 24
24.8%
5.9%
Q3 24
22.5%
19.4%
Q2 24
20.3%
20.6%
Q1 24
19.8%
5.8%
Net Margin
MKTW
MKTW
RMAX
RMAX
Q4 25
2.3%
2.0%
Q3 25
1.9%
5.4%
Q2 25
1.6%
6.4%
Q1 25
1.1%
-2.6%
Q4 24
2.2%
8.0%
Q3 24
1.8%
1.2%
Q2 24
1.5%
4.7%
Q1 24
1.5%
-4.3%
EPS (diluted)
MKTW
MKTW
RMAX
RMAX
Q4 25
$0.79
Q3 25
$0.58
Q2 25
$0.53
Q1 25
$0.41
Q4 24
$1.06
Q3 24
$0.87
Q2 24
$0.80
Q1 24
$0.85

Balance Sheet & Financial Strength

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

Metric
MKTW
MKTW
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$70.1M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$-11.7M
$452.4M
Total Assets
$218.4M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKTW
MKTW
RMAX
RMAX
Q4 25
$70.1M
$118.7M
Q3 25
$50.5M
$107.5M
Q2 25
$69.1M
$94.3M
Q1 25
$79.2M
$89.1M
Q4 24
$97.9M
$96.6M
Q3 24
$94.1M
$83.8M
Q2 24
$109.3M
$66.1M
Q1 24
$131.2M
$82.1M
Total Debt
MKTW
MKTW
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
$707.0K
$439.0M
Stockholders' Equity
MKTW
MKTW
RMAX
RMAX
Q4 25
$-11.7M
$452.4M
Q3 25
$-14.5M
$448.1M
Q2 25
$-15.8M
$442.4M
Q1 25
$-15.8M
$433.5M
Q4 24
$-12.5M
$429.5M
Q3 24
$-19.5M
$423.1M
Q2 24
$-23.7M
$418.4M
Q1 24
$-9.4M
$412.0M
Total Assets
MKTW
MKTW
RMAX
RMAX
Q4 25
$218.4M
$582.5M
Q3 25
$201.7M
$582.2M
Q2 25
$211.8M
$574.8M
Q1 25
$239.6M
$571.4M
Q4 24
$259.5M
$581.6M
Q3 24
$278.4M
$578.6M
Q2 24
$315.3M
$571.4M
Q1 24
$359.3M
$566.7M
Debt / Equity
MKTW
MKTW
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
MKTW
MKTW
RMAX
RMAX
Operating Cash FlowLast quarter
$46.0M
$40.9M
Free Cash FlowOCF − Capex
$45.6M
$33.5M
FCF MarginFCF / Revenue
54.6%
47.1%
Capex IntensityCapex / Revenue
0.5%
10.4%
Cash ConversionOCF / Net Profit
23.84×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$67.1M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MKTW
MKTW
RMAX
RMAX
Q4 25
$46.0M
$40.9M
Q3 25
$2.2M
$17.7M
Q2 25
$17.8M
$4.6M
Q1 25
$1.7M
$5.7M
Q4 24
$-22.1M
$59.7M
Q3 24
$-5.8M
$17.6M
Q2 24
$-3.8M
$15.9M
Q1 24
$-18.5M
$9.4M
Free Cash Flow
MKTW
MKTW
RMAX
RMAX
Q4 25
$45.6M
$33.5M
Q3 25
$2.2M
$16.4M
Q2 25
$17.7M
$2.9M
Q1 25
$1.7M
$4.0M
Q4 24
$-22.3M
$53.0M
Q3 24
$-5.9M
$16.3M
Q2 24
$-3.8M
$14.0M
Q1 24
$6.8M
FCF Margin
MKTW
MKTW
RMAX
RMAX
Q4 25
54.6%
47.1%
Q3 25
2.7%
22.4%
Q2 25
22.2%
4.0%
Q1 25
2.0%
5.3%
Q4 24
-22.9%
73.2%
Q3 24
-6.0%
20.8%
Q2 24
-3.6%
17.8%
Q1 24
8.6%
Capex Intensity
MKTW
MKTW
RMAX
RMAX
Q4 25
0.5%
10.4%
Q3 25
0.0%
1.8%
Q2 25
0.1%
2.2%
Q1 25
0.1%
2.3%
Q4 24
0.1%
9.1%
Q3 24
0.0%
1.7%
Q2 24
0.0%
2.4%
Q1 24
0.0%
3.3%
Cash Conversion
MKTW
MKTW
RMAX
RMAX
Q4 25
23.84×
28.39×
Q3 25
1.44×
4.45×
Q2 25
13.76×
0.97×
Q1 25
1.95×
Q4 24
-10.36×
10.28×
Q3 24
-3.39×
18.22×
Q2 24
-2.46×
4.29×
Q1 24
-11.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MKTW
MKTW

Segment breakdown not available.

RMAX
RMAX

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

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