Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2025 and 2024, respectively (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025 2024 2025 2024
Revenue:
Real estate brokerage commissions $ 141,417  $ 135,423  $ 265,039  $ 244,898 
Financing fees 26,259  18,294  44,389  32,721 
Other revenue 4,600  4,650  7,886  9,852 
Total revenue 172,276  158,367  317,314  287,471 
Less:
Cost of services 106,618  98,081  194,966  174,949 
Sales and production support 47,560  42,818  96,253  88,417 
Facility expenses 8,367  9,006  17,126  18,295 
Depreciation and amortization 3,153  3,329  6,002  6,751 
Other segment items(1)
15,623  13,179  29,723  27,207 
Interest expense 200  204  387  403 
Other income (5,498) (4,812) (9,477) (10,380)
Income tax expense (benefit) 7,288  2,100  (2,209) (2,646)
Total net expenses 183,311  163,905  332,771  302,996 
Segment net loss (11,035) (5,538) (15,457) (15,525)
Adjustments and reconciling items —  —  —  — 
Consolidated net loss $ (11,035) $ (5,538) $ (15,457) $ (15,525)
Other specified segment disclosures:
Interest income(2)
$ 4,387  $ 4,556  $ 8,406  $ 9,499 
Interest expense $ 200  $ 204  $ 387  $ 403 
Other significant noncash items:
Stock-based compensation(3)
$ 6,223  $ 5,889  $ 12,402  $ 11,684 
(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.