| Schedule of Key Operating Data for the Reportable Segments |
Key operating data for the reportable segments for the years ended December 31, 2024 and 2023 and are set forth in the tables below (amounts in thousands). The Company has included the results of the acquisitions from the acquisition date.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2024 |
|
Real Estate Brokerage |
Mortgage |
Technology |
Total |
| Revenue |
$ |
314,741 |
|
$ |
10,925 |
|
$ |
3,072 |
|
$ |
328,738 |
|
| Intersegment revenue |
— |
|
— |
|
1,410 |
|
1,410 |
|
| Total segment revenue |
314,741
|
|
10,925
|
|
4,482
|
|
330,148
|
|
| Corporate and other services (a) |
|
|
|
6,446 |
|
| Elimination of intersegment revenue |
|
|
|
(1,410) |
|
| Total revenue |
|
|
|
335,184
|
|
| Less: |
|
|
|
|
| Commissions |
299,257 |
|
3,255 |
|
10 |
|
302,522 |
|
| Compensation |
3,594 |
|
3,297 |
|
2,640 |
|
9,531 |
|
| Other segment expenses |
8,725 |
|
5,857 |
|
1,309 |
|
15,891 |
|
| Adjusted EBITDA by segment |
3,165 |
|
(1,484) |
|
523 |
|
2,204
|
|
| Corporate and other services (a) expenses |
|
|
|
(7,914) |
|
| Total adjusted EBITDA |
|
|
|
(5,710) |
|
| Gain on sale of business |
|
|
|
2,958 |
|
| Stock based compensation |
|
|
|
(8,839) |
|
| Litigation contingency |
|
|
|
(3,491) |
|
| Depreciation and amortization |
|
|
|
(5,423) |
|
| Other expense (income), net |
|
|
|
(2,094) |
|
| Other non-cash items and transactions costs |
|
|
|
— |
|
| Loss before income tax |
|
|
|
$ |
(22,599) |
|
(a) Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31, 2023 |
|
Real Estate Brokerage |
Mortgage |
Technology |
Total |
| Revenue |
$ |
325,405 |
|
$ |
7,251 |
|
$ |
3,172 |
|
$ |
335,828 |
|
| Intersegment revenue |
— |
|
— |
|
— |
|
— |
|
| Total segment revenue |
|
|
|
335,828
|
|
| Corporate and other services (a) |
|
|
|
9,398 |
|
| Elimination of intersegment revenue |
|
|
|
— |
|
| Total revenue |
|
|
|
345,226
|
|
| Less: |
|
|
|
|
| Commissions |
304,238 |
|
1,998 |
|
137 |
|
306,373 |
|
| Compensation |
3,644 |
|
2,839 |
|
2,590 |
|
9,073 |
|
| Other segment expenses |
11,849 |
|
4,280 |
|
2,089 |
|
18,218 |
|
| Adjusted EBITDA by segment |
5,674 |
|
(1,866) |
|
(1,644) |
|
2,164
|
|
| Corporate and other services (a) |
|
|
|
(6,275) |
|
| Total adjusted EBITDA |
|
|
|
(4,111) |
|
| Gain on sale of business |
|
|
|
— |
|
| Stock based compensation |
|
|
|
(12,994) |
|
| Litigation contingency |
|
|
|
— |
|
| Depreciation and amortization |
|
|
|
(5,947) |
|
| Other expense (income), net |
|
|
|
(580) |
|
| Other non-cash items and transactions costs |
|
|
|
(201) |
|
| Loss before income tax |
|
|
|
$ |
(23,833) |
|
(a)Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line.
|