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Note 25 - Revenue | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | 25. Revenue Disaggregated revenue Colliers has disaggregated its revenue from contract with customers by type of service and reporting segment as presented in the following table. See Note 2, Summary of presentation for additional information on a change in the Company’s reporting segments.
|  | Real Estate |  |  |  |  |  |  | Investment |  |  |  |  |  |  |  |  |
|  | Services |  |  | Engineering |  |  | Management |  |  | Corporate |  |  | Consolidated |
Year ended December 31, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leasing |  | $ | 1,157,484 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,157,484 |
Capital Markets |  |  | 765,297 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 765,297 |
Property management |  |  | 537,626 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 537,626 |
Valuation and advisory |  |  | 465,475 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 465,475 |
E&D and project management |  |  | - |  |  |  | 1,237,384 |  |  |  | - |  |  |  | - |  |  |  | 1,237,384 |
IM - Advisory and other |  |  | - |  |  |  | - |  |  |  | 488,979 |  |  |  | - |  |  |  | 488,979 |
IM - Incentive Fees |  |  | - |  |  |  | - |  |  |  | 23,614 |  |  |  | - |  |  |  | 23,614 |
Other |  |  | 145,728 |  |  |  | - |  |  |  | - |  |  |  | 437 |  |  |  | 146,165 |
Total Revenue |  | $ | 3,071,610 |  |  | $ | 1,237,384 |  |  | $ | 512,593 |  |  | $ | 437 |  |  | $ | 4,822,024 |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leasing |  | $ | 1,063,355 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,063,355 |
Capital Markets |  |  | 702,472 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 702,472 |
Property management |  |  | 527,621 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 527,621 |
Valuation and advisory |  |  | 423,999 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 423,999 |
E&D and project management |  |  | - |  |  |  | 990,477 |  |  |  | - |  |  |  | - |  |  |  | 990,477 |
IM - Advisory and other |  |  | - |  |  |  | - |  |  |  | 480,674 |  |  |  | - |  |  |  | 480,674 |
IM - Incentive Fees |  |  | - |  |  |  | - |  |  |  | 6,783 |  |  |  | - |  |  |  | 6,783 |
Other |  |  | 139,291 |  |  |  | - |  |  |  | - |  |  |  | 469 |  |  |  | 139,760 |
Total Revenue |  | $ | 2,856,738 |  |  | $ | 990,477 |  |  | $ | 487,457 |  |  | $ | 469 |  |  | $ | 4,335,141 |
Revenue associated with the Company’s debt finance and loan servicing operations are outside the scope of ASC 606, Revenue from Contracts with Customers (“ASC 606”). During the year ended December 31, 2024 - $32,345 of Capital Markets revenue (2023 - $42,304) and $48,007 of Other Revenue (2023 - $44,549) respectively, was excluded from the scope of ASC 606. Substantially all of these revenues were included within the Real Estate Services segment. Contract balances As at December 31, 2024, the Company had contract assets totaling $156,802 of which $134,402 was current ($103,080 as at December 31, 2023 - of which $83,389 was current). During the year ended December 31, 2024, approximately 93% of the current contract assets were moved to accounts receivable or sold under the AR Facility (see note 14). As at December 31, 2024, the Company had contract liabilities (all current) totaling $63,459 ($45,293 as at December 31, 2023). $43,865 of the contract liability balance at the beginning of the year was recognized to revenue in the year ended December 31, 2024 (2023 - $23,446). Certain constrained revenues may arise from services that began in a prior reporting period. Consequently, a portion of the revenues the Company recognizes in the current period may be partially related to the services performed in prior periods. Typically, less than 5% of Leasing and Capital Markets revenue recognized in a prior period had previously been constrained and substantially all investment management incentive fees recognized in the year were previously constrained.

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