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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
SEGMENT INFORMATION |
Schedule of segment's financial information | The following table provides information about the Company’s reportable segments and a reconciliation of the total segment Revenues to consolidated Revenues and Adjusted Segment EBITDA to the consolidated income (loss) before income tax expense (benefit) and Goodwill (in thousands). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Revenues
​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
North American Realty | $ 1,276,487 | ​ | $ 1,274,621 | ​ | $ 2,199,535 | ​ | $ 2,201,758
International Realty | 32,293 | ​ | 20,316 | ​ | 63,950 | ​ | 35,912
Other Affiliated Services | 708 | ​ | 1,467 | ​ | 1,535 | ​ | 3,255
Revenues reconciliation: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment eliminations | (611) | ​ | (1,160) | ​ | (1,237) | ​ | (2,627)
Consolidated revenues | $ 1,308,877 | ​ | $ 1,295,244 | ​ | $ 2,263,783 | ​ | $ 2,238,298
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Commissions and other agent-related costs
​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
North American Realty | $ 1,188,963 | ​ | $ 1,181,021 | ​ | $ 2,041,021 | ​ | $ 2,033,259
International Realty | 26,918 | ​ | 16,452 | ​ | 53,291 | ​ | 29,070
Other Affiliated Services | 342 | ​ | 690 | ​ | 682 | ​ | 1,352
Commissions reconciliation: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment eliminations | - | ​ | (495) | ​ | - | ​ | (1,267)
Consolidated commissions and other agent-related costs | $ 1,216,223 | ​ | $ 1,197,668 | ​ | $ 2,094,994 | ​ | $ 2,062,414
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Adjusted EBITDA
​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
North American Realty | $ 19,784 | ​ | $ 38,503 | ​ | $ 27,519 | ​ | $ 56,312
International Realty | (3,859) | ​ | (2,376) | ​ | (5,474) | ​ | (5,731)
Other Affiliated Services | (2,291) | ​ | (988) | ​ | (3,746) | ​ | (1,755)
Corporate expenses and other | (2,433) | ​ | (2,325) | ​ | (4,943) | ​ | (4,968)
Consolidated Adjusted EBITDA | $ 11,201 | ​ | $ 32,814 | ​ | $ 13,356 | ​ | $ 43,858
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Loss) income before income tax expense reconciliation: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization expense | 2,272 | ​ | 2,963 | ​ | 4,833 | ​ | 5,363
Litigation contingency | - | ​ | - | ​ | - | ​ | 16,000
Stock-based compensation expense | 9,703 | ​ | 9,329 | ​ | 17,821 | ​ | 18,157
Stock option expense | 1,602 | ​ | 1,985 | ​ | 3,454 | ​ | 3,975
Other (income) expense, net | (553) | ​ | (1,375) | ​ | (1,576) | ​ | (2,414)
Consolidated (loss) income before income tax expense | ($ 1,823) | ​ | $ 19,912 | ​ | ($ 11,176) | ​ | $ 2,777
​
​ | ​ | ​ | ​
​ | Goodwill
​ | June 30, 2025 | ​ | December 31, 2024
North American Realty | $ 17,885 | ​ | $ 17,226
International Realty | - | ​ | -
Other Affiliated Services | - | ​ | -
Segment and consolidated total | 17,885 | ​ | 17,226

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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