Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.25.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Revenue by Major Customers by Reporting Segments
The following table presents selected financial information with respect to the Company's single reportable segment for the three months ended March 31, 2025 and 2024, respectively (in thousands):
Three Months Ended
March 31,
2025 2024
Revenue:
Real estate brokerage commissions $ 123,622  $ 109,475 
Financing fees 18,130  14,427 
Other revenue 3,286  5,202 
Total revenue 145,038  129,104 
Less:
Cost of services 88,348  76,868 
Sales and production support 48,693  45,599 
Facility expenses 8,759  9,289 
Depreciation and amortization 2,849  3,422 
Other segment items(1)
14,100  14,028 
Interest expense 187  199 
Other income (3,979) (5,568)
Income tax benefit (9,497) (4,746)
Total net expenses 149,460  139,091 
Segment net loss (4,422) (9,987)
Adjustments and reconciling items —  — 
Consolidated net loss $ (4,422) $ (9,987)
Other specified segment disclosures:
Interest income(2)
$ 4,019  $ 4,943 
Interest expense $ 187  $ 199 
Other significant noncash items:
Stock-based compensation(3)
$ 6,179  $ 5,795 
(1)Other segment items includes: 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 & production support caption.