Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.25.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2025 and 2024 are set forth in the tables below (amounts in thousands):
Three Months Ended September 30, 2025
Real Estate Brokerage Mortgage Technology Total
Revenue $ 109,213  $ 3,472  $ 829  $ 113,514 
Intersegment revenue —  —  419  419 
Total segment revenue 109,213  3,472  1,248  113,933 
Corporate and other services (a) 1,830 
Elimination of intersegment revenue (450)
Total revenue 115,313 
Less:
Commissions 104,594  946  —  105,540 
Compensation 1,432  1,027  381  2,840 
Other segment expenses 1,626  1,338  379  3,343 
Adjusted EBITDA by segment 1,561  161  488  2,210 
Corporate and other services (a) expenses (2,203)
Total adjusted EBITDA 6 
Stock based compensation (562)
Litigation contingency (2,000)
Depreciation and amortization (1,483)
Other income (expense), net (294)
Loss before income tax $ (4,333)
Three Months Ended September 30, 2024
Real Estate Brokerage Mortgage Technology Total
Revenue $ 78,563  $ 2,931  $ 785  $ 82,279 
Intersegment revenue —  —  353  353 
Total segment revenue 78,563  2,931  1,138  82,632 
Corporate and other services (a) 1,454 
Elimination of intersegment revenue (353)
Total revenue 83,733 
Less:
Commissions 74,604  955  —  75,559 
Compensation 999  1,102  476  2,577 
Other segment expenses 2,142  1,193  510  3,845 
Adjusted EBITDA by segment 817  (319) 152  650 
Corporate and other services (a) expenses (2,095)
Total adjusted EBITDA (1,445)
Gain on sale of business — 
Stock based compensation (1,967)
Litigation contingency (3,099)
Depreciation and amortization (1,251)
Other expense (income), net (342)
Loss before income tax $ (8,104)
Nine Months Ended September 30, 2025
Real Estate Brokerage Mortgage Technology Total
Revenue $ 314,067  $ 9,391  $ 2,109  $ 325,567 
Intersegment revenue —  —  1,257  1,257 
Total segment revenue 314,067  9,391  3,366  326,824 
Corporate and other services (a) 4,399 
Elimination of intersegment revenue (1,352)
Total revenue 329,871 
Less:
Commissions 300,339  2,633  —  302,972 
Compensation 4,282  3,123  1,221  8,626 
Other segment expenses 4,199  3,938  1,394  9,531 
Adjusted EBITDA by segment 5,247  (303) 751  5,695 
Corporate and other services (a) expenses (7,132)
Total adjusted EBITDA (1,437)
Gain on sale of business — 
Stock based compensation (3,013)
Litigation contingency (2,011)
Depreciation and amortization (4,380)
Other income (expense), net (2,651)
Other non-cash items and transaction costs — 
Loss before income tax $ (13,492)


Nine Months Ended September 30, 2024
Real Estate Brokerage Mortgage Technology Total
Revenue $ 227,073  $ 8,877  $ 2,302  $ 238,252 
Intersegment revenue —  —  1,058  1,058 
Total segment revenue 227,073  8,877  3,360  239,310 
Corporate and other services (a) 5,191 
Elimination of intersegment revenue (1,058)
Total revenue 243,443 
Less:
Commissions 215,585  2,718  9  218,312 
Compensation 2,941  3,233  1,480  7,654 
Other segment expenses 5,338  3,750  1,525  10,613 
Adjusted EBITDA by segment 3,209  (824) 345  2,730 
Corporate and other services (a) expenses (5,507)
Total adjusted EBITDA (2,777)
Gain on sale of business 2,958 
Stock based compensation (7,118)
Litigation contingency (3,437)
Depreciation and amortization (4,050)
Other expense (income), net (890)
Other non-cash items and transaction costs — 
Loss before income tax $ (15,314)
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(a)Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line.