What years are covered by the results of operations and cash flows in the financial statements for Remax?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
In the opinion of management, the accompanying financial statements reflect all normal and recurring adjustments necessary to present fairly the Company's financial position as of December 31, 2024 and 2023, the results of its operations and comprehensive income (loss), changes in its member's equity and its cash flows for the years ended December 31, 2024, 2023 and 2022.
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the consolidated financial statements include information regarding the results of operations and cash flows for the years ended December 31, 2024, 2023, and 2022. This provides a three-year historical view of Remax's financial performance.
This three-year overview allows potential franchisees to analyze trends in Remax's financial performance over time. By examining the results of operations, prospective franchisees can assess the company's revenue, expenses, and profitability. Similarly, the cash flow statements provide insights into how Remax generates and uses cash, which is crucial for understanding its financial stability and ability to invest in growth.
It is important to note that these financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) and reflect adjustments deemed necessary by management to present the company's financial position fairly. However, the document also states that the number of offices or agents are unaudited, so these numbers should be regarded as estimates.