Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.26.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
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 months ended March 31, 2026 and 2025, respectively (in thousands):
Three Months Ended March 31,
2026 2025
Revenue:
Real estate brokerage commissions $ 138,112  $ 123,622 
Financing fees 26,846  18,130 
Other revenue 6,509  3,286 
Total revenue 171,467  145,038 
Less:
Cost of services 103,637  88,348 
Sales and production support 48,998  48,693 
Facility expenses 8,371  8,759 
Depreciation and amortization 2,391  2,849 
Other segment items(1)
13,846  14,100 
Interest expense 153  187 
Other income (3,763) (3,979)
Income tax expense (benefit) 934  (9,497)
Total net expenses 174,567  149,460 
Segment net loss (3,100) (4,422)
Adjustments and reconciling items —  — 
Consolidated net loss $ (3,100) $ (4,422)
Other specified segment disclosures:
Interest income(2)
$ 4,024  $ 4,019 
Interest expense $ 153  $ 187 
Other significant noncash items:
Stock-based compensation(3)
$ 6,616  $ 6,179 
(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.