| Schedule of Financial Information of Reporting Segment |
The following table presents selected financial information with respect to the Company’s single reportable segment for the three and six months ended June 30, 2026 and 2025, respectively (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
|
2026 |
|
2025 |
|
2026 |
|
2025 |
| Revenue: |
|
|
|
|
|
|
|
|
| Real estate brokerage commissions |
|
$ |
167,002 |
|
|
$ |
141,417 |
|
|
$ |
305,114 |
|
|
$ |
265,039 |
|
| Financing fees |
|
30,266 |
|
|
26,259 |
|
|
57,112 |
|
|
44,389 |
|
| Other revenue |
|
5,647 |
|
|
4,600 |
|
|
12,156 |
|
|
7,886 |
|
| Total revenue |
|
202,915 |
|
|
172,276 |
|
|
374,382 |
|
|
317,314 |
|
| Less: |
|
|
|
|
|
|
|
|
| Cost of services |
|
126,666 |
|
|
106,618 |
|
|
230,303 |
|
|
194,966 |
|
| Sales and production support |
|
47,304 |
|
|
47,560 |
|
|
96,302 |
|
|
96,253 |
|
| Facility expenses |
|
8,618 |
|
|
8,367 |
|
|
16,989 |
|
|
17,126 |
|
| Depreciation and amortization |
|
2,348 |
|
|
3,153 |
|
|
4,739 |
|
|
6,002 |
|
Other segment items(1)
|
|
15,766 |
|
|
15,623 |
|
|
29,612 |
|
|
29,723 |
|
| Interest expense |
|
140 |
|
|
200 |
|
|
293 |
|
|
387 |
|
| Other income |
|
(4,192) |
|
|
(5,498) |
|
|
(7,955) |
|
|
(9,477) |
|
| Income tax expense (benefit) |
|
2,356 |
|
|
7,288 |
|
|
3,290 |
|
|
(2,209) |
|
| Total net expenses |
|
199,006 |
|
|
183,311 |
|
|
373,573 |
|
|
332,771 |
|
| Segment net income (loss) |
|
3,909 |
|
|
(11,035) |
|
|
809 |
|
|
(15,457) |
|
| Adjustments and reconciling items |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Consolidated net income (loss) |
|
$ |
3,909 |
|
|
$ |
(11,035) |
|
|
$ |
809 |
|
|
$ |
(15,457) |
|
|
|
|
|
|
|
|
|
|
| Other specified segment disclosures: |
|
|
|
|
|
|
|
|
Interest income(2)
|
|
$ |
3,393 |
|
|
$ |
4,387 |
|
|
$ |
7,417 |
|
|
$ |
8,406 |
|
| Interest expense |
|
$ |
140 |
|
|
$ |
200 |
|
|
$ |
293 |
|
|
$ |
387 |
|
| Other significant noncash items: |
|
|
|
|
|
|
|
|
Stock-based compensation(3)
|
|
$ |
6,780 |
|
|
$ |
6,223 |
|
|
$ |
13,396 |
|
|
$ |
12,402 |
|
(1)Other segment items include: costs related to sales events, licenses and subscriptions, promotion and marketing, recruitment and training, information technology, telecommunications, consulting and professional fees, legal expenses, insurance costs, and other general and administrative expenses.
(2)Interest income is included within the other income caption.
(3)Stock-based compensation is included within the sales and production support caption.
|