| Reconciliation of Numerator and Denominator used in Basic and Diluted EPS Calculations |
The following is a reconciliation of the numerator and denominator used in the basic and diluted earnings (loss) per share (“EPS”) calculations (in thousands, except shares and per share information): | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Numerator | | | | | | | | | | | | | Net income (loss) attributable to RE/MAX Holdings, Inc. | | $ | 4,685 | | $ | 3,705 | | $ | 2,727 | | $ | 352 | Denominator for basic net income (loss) per share of Class A common stock | | | | | | | | | | | | | Weighted average shares of Class A common stock outstanding | | | 19,967,508 | | | 18,853,929 | | | 19,629,859 | | | 18,667,889 | Denominator for diluted net income (loss) per share of Class A common stock | | | | | | | | | | | | | Weighted average shares of Class A common stock outstanding | | | 19,967,508 | | | 18,853,929 | | | 19,629,859 | | | 18,667,889 | Add dilutive effect of the following: | | | | | | | | | | | | | Restricted stock | | | 206,857 | | | 150,033 | | | 422,737 | | | 185,131 | Weighted average shares of Class A common stock outstanding, diluted | | | 20,174,365 | | | 19,003,962 | | | 20,052,596 | | | 18,853,020 | Net income (loss) attributable to RE/MAX Holdings, Inc. per share of Class A common stock | | | | | | | | | | | | | Basic | | $ | 0.23 | | $ | 0.20 | | $ | 0.14 | | $ | 0.02 | Diluted | | $ | 0.23 | | $ | 0.19 | | $ | 0.14 | | $ | 0.02 |
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