| Schedule of Key Operating Data for the Reportable Segments |
Key operating data for the reportable segments for the three months ended March 31, 2025 and 2024 are set forth in the tables below (amounts in thousands):
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Three Months Ended March 31, 2025 |
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Real Estate Brokerage |
Mortgage |
Technology |
Total |
| Revenue |
$ |
88,875 |
|
$ |
2,603 |
|
$ |
644 |
|
$ |
92,122 |
|
| Intersegment revenue |
— |
|
— |
|
419 |
|
419 |
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| Total segment revenue |
88,875
|
|
2,603
|
|
1,063
|
|
92,541
|
|
| Corporate and other services (a) |
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|
|
1,047 |
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| Elimination of intersegment revenue |
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(453) |
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| Total revenue |
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|
|
93,135
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| Less: |
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|
|
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| Commissions |
84,411 |
|
703 |
|
— |
|
85,114 |
|
| Compensation |
1,313 |
|
1,054 |
|
452 |
|
2,819 |
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| Other segment expenses |
1,566 |
|
1,224 |
|
139 |
|
2,929 |
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| Adjusted EBITDA by segment |
1,585
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|
(378) |
|
472
|
|
1,679
|
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| Corporate and other services (a) expenses |
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|
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(3,153) |
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| Total adjusted EBITDA |
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(1,474) |
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| Stock based compensation |
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(1,506) |
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| Litigation contingency |
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(4) |
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| Depreciation and amortization |
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(1,440) |
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| Other income (expense), net |
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(1,205) |
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| Loss before income tax |
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$ |
(5,629) |
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Three Months Ended March 31, 2024 |
|
Real Estate Brokerage |
Mortgage |
Technology |
Total |
| Revenue |
$ |
65,385 |
|
$ |
2,264 |
|
$ |
765 |
|
$ |
68,414 |
|
| Intersegment revenue |
— |
|
— |
|
352 |
|
352 |
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| Total segment revenue |
65,385
|
|
2,264
|
|
1,117
|
|
68,766
|
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| Corporate and other services (a) |
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|
|
1,385 |
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| Elimination of intersegment revenue |
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(352) |
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| Total revenue |
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70,503
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| Less: |
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| Commissions |
61,329 |
|
670 |
|
9 |
|
62,008 |
|
| Compensation |
1,034 |
|
1,010 |
|
569 |
|
2,613 |
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| Other segment expenses |
2,179 |
|
1,104 |
|
566 |
|
3,849 |
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| Adjusted EBITDA by segment |
843
|
|
(520) |
|
(27) |
|
296
|
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| Corporate and other services (a) expenses |
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|
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(1,817) |
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| Total adjusted EBITDA |
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(1,521) |
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| Stock based compensation |
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(2,652) |
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| Litigation contingency |
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— |
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| Depreciation and amortization |
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(1,480) |
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| Other expense (income), net |
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(257) |
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| Loss before income tax |
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$ |
(5,910) |
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(a)Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line.
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