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Segment Reporting (Text Block)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The reportable segments presented represent those for which the Company maintains separate financial information regularly provided to and reviewed by its chief operating decision maker ("CODM") for performance assessment and resource allocation. The Company's CODM is the Company's Chief Executive Officer and President. The classification of reportable segments also considers the distinctive nature of services offered by each segment as follows:
Franchise Group is comprised of the Company's franchise business which franchises a portfolio of well-known, industry-leading franchise brokerage brands and also includes the Company's global relocation services operation and lead generation activities.
Owned Brokerage Group operates a full-service real estate brokerage business and also includes the Company's share of equity earnings or losses from its minority-owned real estate auction joint venture.
Title Group provides full-service title, escrow and settlement services to consumers, real estate companies, corporations and financial institutions primarily in support of residential real estate transactions. This segment also includes the Company's share of equity earnings or losses from Guaranteed Rate Affinity, its minority-owned mortgage origination joint venture, and from its minority-owned title insurance underwriter joint venture.
The CODM evaluates the performance of the Company's reportable segments primarily through two measures: revenue and operating EBITDA. The CODM focuses on revenue and operating EBITDA by reportable segment in evaluating period over period performance, including budget-to-actual variances, while also taking into consideration current market conditions. This approach provides greater transparency into the operating results of each reportable segment and facilitates effective resource allocation.
Operating EBITDA is defined as net income (loss) adjusted for depreciation and amortization, interest expense, net (excluding relocation services interest for securitization assets and securitization obligations), income taxes, and certain non-core items. Non-core items include non-cash stock-based compensation, restructuring and merger-related costs, impairments, former parent legacy items, legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits, gains or losses on the early extinguishment of debt, impairments, and gains or losses on discontinued operations or the sale of businesses, investments, or other assets.
Set forth in the tables below are Segment net revenues and a reconciliation to Total consolidated net revenues and Segment operating EBITDA and a reconciliation to Net (loss) income attributable to Anywhere and Anywhere Group before income taxes for the three and nine months ended September 30, 2025 and 2024:
 Three Months Ended September 30, 2025
 Franchise GroupOwned Brokerage GroupTitle GroupTotals
Net revenues from external customers$183 $1,340 $103 $1,626 
Intersegment revenues (a)90 — — 90 
Segment net revenues273 1,340 103 1,716 
Reconciliation of Segment net revenues to Total consolidated net revenues
Elimination of intersegment revenues (a)(90)
Total consolidated net revenues1,626 
Less (b):
Commission and other agent-related costs— 1,067 — 1,067 
Operating63 242 86 391 
Marketing23 27 54 
General and administrative (c)
32 14 17 63 
Equity in earnings
— (1)(3)(4)
Other segment items (d)
— — 
Segment operating EBITDA
155 (11)(1)143 
Reconciliation of Segment operating EBITDA to Net loss attributable to Anywhere and Anywhere Group before income taxes
Unallocated amounts:
Former parent legacy cost (benefit), net
— 
Loss (gain) on the early extinguishment of debt
— 
Other corporate expenses43 
Depreciation and amortization48 
Interest expense, net47 
Stock-based compensation
Restructuring and merger-related costs, net (e)
14 
Impairments
Legal contingencies
— 
Gain on the sale of businesses, investments or other assets, net
(1)
Net loss attributable to Anywhere and Anywhere Group before income taxes
$(13)
(a)Intersegment revenues include intercompany royalties and marketing fees paid by Owned Brokerage Group to Franchise Group and are eliminated in consolidation.
(b)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.
(c)General and administrative expenses exclude non-cash stock-based compensation.
(d)Other segment items include Net income (loss) attributable to noncontrolling interests and other non-operating items. Amounts are immaterial to each segment.
(e)Merger-related costs include $5 million of transaction-related expenses incurred in connection with the pending Merger with Compass which primarily consist of legal, advisory, accounting and other professional service fees.
 Three Months Ended September 30, 2024
 Franchise GroupOwned Brokerage GroupTitle GroupTotals
Net revenues from external customers$181 $1,258 $96 $1,535 
Intersegment revenues (a)86 — — 86 
Segment net revenues267 1,258 96 1,621 
Reconciliation of Segment net revenues to Total consolidated net revenues
Elimination of intersegment revenues (a)(86)
Total consolidated net revenues1,535 
Less (b):
Commission and other agent-related costs— 998 — 998 
Operating64 228 76 368 
Marketing24 26 55 
General and administrative (c)
29 18 17 64 
Equity in earnings
— (2)(4)(6)
Other segment items (d)
(1)— — 
Segment operating EBITDA
151 (11)142 
Reconciliation of Segment operating EBITDA to Net income attributable to Anywhere and Anywhere Group before income taxes
Unallocated amounts:
Former parent legacy benefit, net
(1)
Gain on the early extinguishment of debt
(7)
Other corporate expenses34 
Depreciation and amortization48 
Interest expense, net38 
Stock-based compensation
Restructuring costs, net
Impairments
Legal contingencies10 
Loss (gain) on the sale of businesses, investments or other assets, net
— 
Net income attributable to Anywhere and Anywhere Group before income taxes
$
(a)Intersegment revenues include intercompany royalties and marketing fees paid by Owned Brokerage Group to Franchise Group and are eliminated in consolidation.
(b)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.
(c)General and administrative expenses exclude non-cash stock-based compensation.
(d)Other segment items include Net income (loss) attributable to noncontrolling interests and other non-operating items. Amounts are immaterial to each segment.
 Nine Months Ended September 30, 2025
 Franchise GroupOwned Brokerage GroupTitle GroupTotals
Net revenues from external customers$495 $3,728 $289 $4,512 
Intersegment revenues (a)251 — — 251 
Segment net revenues746 3,728 289 4,763 
Reconciliation of Segment net revenues to Total consolidated net revenues
Elimination of intersegment revenues (a)(251)
Total consolidated net revenues4,512 
Less (b):
Commission and other agent-related costs— 2,969 — 2,969 
Operating185 693 247 1,125 
Marketing65 78 11 154 
General and administrative (c)
82 48 45 175 
Equity in earnings
— (3)(5)(8)
Other segment items (d)
(1)— — 
Segment operating EBITDA
415 (58)(9)348 
Reconciliation of Segment operating EBITDA to Net loss attributable to Anywhere and Anywhere Group before income taxes
Unallocated amounts:
Former parent legacy benefit, net
(2)
Gain on the early extinguishment of debt
(2)
Other corporate expenses116 
Depreciation and amortization143 
Interest expense, net119 
Stock-based compensation
13 
Restructuring and merger-related costs, net (e)
38 
Impairments
Legal contingencies
— 
Gain on the sale of businesses, investments or other assets, net
(5)
Net loss attributable to Anywhere and Anywhere Group before income taxes
$(79)
(a)Intersegment revenues include intercompany royalties and marketing fees paid by Owned Brokerage Group to Franchise Group and are eliminated in consolidation.
(b)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.
(c)General and administrative expenses exclude non-cash stock-based compensation.
(d)Other segment items include Net income (loss) attributable to noncontrolling interests and other non-operating items. Amounts are immaterial to each segment.
(e)Merger-related costs include $5 million of transaction-related expenses incurred in connection with the pending Merger with Compass which primarily consist of legal, advisory, accounting and other professional service fees.
 Nine Months Ended September 30, 2024
 Franchise GroupOwned Brokerage GroupTitle GroupTotals
Net revenues from external customers$490 $3,570 $270 $4,330 
Intersegment revenues (a)242 — — 242 
Segment net revenues732 3,570 270 4,572 
Reconciliation of Segment net revenues to Total consolidated net revenues
Elimination of intersegment revenues (a)(242)
Total consolidated net revenues4,330 
Less (b):
Commission and other agent-related costs— 2,832 — 2,832 
Operating187 668 222 1,077 
Marketing64 76 14 154 
General and administrative (c)
81 64 43 188 
Equity in earnings
— (3)(5)(8)
Other segment items (d)
— (1)— (1)
Segment operating EBITDA
400 (66)(4)330 
Reconciliation of Segment operating EBITDA to Net loss attributable to Anywhere and Anywhere Group before income taxes
Unallocated amounts:
Former parent legacy cost, net
Gain on the early extinguishment of debt
(7)
Other corporate expenses92 
Depreciation and amortization151 
Interest expense, net117 
Stock-based compensation12 
Restructuring costs, net
24 
Impairments
Legal contingencies10 
Loss (gain) on the sale of businesses, investments or other assets, net
— 
Net loss attributable to Anywhere and Anywhere Group before income taxes
$(79)
(a)Intersegment revenues include intercompany royalties and marketing fees paid by Owned Brokerage Group to Franchise Group and are eliminated in consolidation.
(b)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.
(c)General and administrative expenses exclude non-cash stock-based compensation.
(d)Other segment items include Net income (loss) attributable to noncontrolling interests and other non-operating items. Amounts are immaterial to each segment.
Reconciliations of reportable segment assets and other significant items to consolidated totals:
 Franchise GroupOwned Brokerage GroupTitle Group
Segment Total
Unallocated Corporate Amounts
Consolidated Total
As of September 30, 2025
Total assets$4,375 $567 $501 $5,443 $300 $5,743 
Investment in equity method investees— 33 136 169 — 169 
As of December 31, 2024
Total assets
$4,326 $561 $509 $5,396 $240 $5,636 
Investment in equity method investees— 31 151 182 — 182 
Three Months Ended September 30, 2025
Capital expenditures$11 $$$22 $$26 
Depreciation and amortization30 11 43 48 
Three Months Ended September 30, 2024
Capital expenditures$$$$15 $$18 
Depreciation and amortization29 13 44 48 
Nine Months Ended September 30, 2025
Capital expenditures$28 $21 $$56 $13 $69 
Depreciation and amortization90 31 129 14 143 
Nine Months Ended September 30, 2024
Capital expenditures$20 $17 $$42 $12 $54 
Depreciation and amortization88 36 15 139 12 151