Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.25.2
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Key Operating Data for the Reportable Segments
Key operating data for the reportable segments for the three and six months ended June 30, 2025 and 2024 are set forth in the tables below (amounts in thousands):
Three Months Ended June 30, 2025
Real Estate Brokerage Mortgage Technology Total
Revenue $ 115,979  $ 3,316  $ 636  $ 119,931 
Intersegment revenue —  —  419  419 
Total segment revenue 115,979  3,316  1,055  120,350 
Corporate and other services (a) 1,523 
Elimination of intersegment revenue (450)
Total revenue 121,423 
Less:
Commissions 111,334  984  —  112,318 
Compensation 1,537  1,042  388  2,967 
Other segment expenses 1,007  1,376  877  3,260 
Adjusted EBITDA by segment 2,101  (86) (210) 1,805 
Corporate and other services (a) expenses (1,776)
Total adjusted EBITDA 29 
Stock based compensation (945)
Litigation contingency (6)
Depreciation and amortization (1,458)
Other income (expense), net (1,151)
Loss before income tax $ (3,530)
Three Months Ended June 30, 2024
Real Estate Brokerage Mortgage Technology Total
Revenue $ 83,125  $ 3,682  $ 753  $ 87,560 
Intersegment revenue —  —  352  352 
Total segment revenue 83,125  3,682  1,105  87,912 
Corporate and other services (a) 1,647 
Elimination of intersegment revenue (352)
Total revenue 89,207 
Less:
Commissions 79,652  1,093  —  80,745 
Compensation 908  1,461  435  2,804 
Other segment expenses 1,016  1,113  450  2,579 
Adjusted EBITDA by segment 1,549  15  220  1,784 
Corporate and other services (a) expenses (1,595)
Total adjusted EBITDA 189 
Gain on sale of business 2,958 
Stock based compensation (2,499)
Litigation contingency — 
Depreciation and amortization (1,319)
Other expense (income), net (629)
Loss before income tax $ (1,300)
Six Months Ended June 30, 2025
Real Estate Brokerage Mortgage Technology Total
Revenue $ 204,854  $ 5,919  $ 1,280  $ 212,053 
Intersegment revenue —  —  837  837 
Total segment revenue 204,854  5,919  2,117  212,890 
Corporate and other services (a) 2,570 
Elimination of intersegment revenue (902)
Total revenue 214,558 
Less:
Commissions 195,744  1,687  —  197,431 
Compensation 2,850  2,096  840  5,786 
Other segment expenses 2,574  2,599  1,015  6,188 
Adjusted EBITDA by segment 3,686  (463) 262  3,485 
Corporate and other services (a) expenses (4,932)
Total adjusted EBITDA (1,447)
Gain on sale of business — 
Stock based compensation (2,450)
Litigation contingency (10)
Depreciation and amortization (2,897)
Other income (expense), net (2,356)
Other non-cash items and transaction costs — 
Loss before income tax $ (9,160)


Six Months Ended June 30, 2024
Real Estate Brokerage Mortgage Technology Total
Revenue $ 148,510  $ 5,946  $ 1,516  $ 155,972 
Intersegment revenue —  —  706  706 
Total segment revenue 148,510  5,946  2,222  156,678 
Corporate and other services (a) 3,738 
Elimination of intersegment revenue (706)
Total revenue 159,710 
Less:
Commissions 140,981  1,763  9  142,753 
Compensation 1,942  2,131  1,004  5,077 
Other segment expenses 3,195  2,557  1,016  6,768 
Adjusted EBITDA by segment 2,392  (505) 193  2,080 
Corporate and other services (a) expenses (3,412)
Total adjusted EBITDA (1,332)
Gain on sale of business 2,958 
Stock based compensation (5,151)
Litigation contingency — 
Depreciation and amortization (2,799)
Other expense (income), net (886)
Other non-cash items and transaction costs — 
Loss before income tax $ (7,210)
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(a)Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line.