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v3.25.3

Segment Information (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2025 and 2024, respectively (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue: |  |  |  |  |  |  |  |
Real estate brokerage commissions |  | $ | 162,166 |  |  | $ | 141,970 |  |  | $ | 427,205 |  |  | $ | 386,868 |
Financing fees |  | 26,292 |  |  | 20,582 |  |  | 70,681 |  |  | 53,303 |
Other revenue |  | 5,434 |  |  | 5,959 |  |  | 13,320 |  |  | 15,811 |
Total revenue |  | 193,892 |  |  | 168,511 |  |  | 511,206 |  |  | 455,982 |
Less: |  |  |  |  |  |  |  |
Cost of services |  | 120,996 |  |  | 104,754 |  |  | 315,962 |  |  | 279,703 |
Sales and production support |  | 46,486 |  |  | 48,239 |  |  | 142,739 |  |  | 136,656 |
Facility expenses |  | 8,659 |  |  | 9,346 |  |  | 25,785 |  |  | 27,641 |
Depreciation and amortization |  | 2,743 |  |  | 4,550 |  |  | 8,745 |  |  | 11,301 |
Other segment items(1) |  | 17,382 |  |  | 13,087 |  |  | 47,105 |  |  | 40,294 |
Interest expense |  | 197 |  |  | 208 |  |  | 584 |  |  | 611 |
Other income |  | (4,041) |  |  | (5,321) |  |  | (13,518) |  |  | (15,701) |
Income tax expense (benefit) |  | 1,230 |  |  | (967) |  |  | (979) |  |  | (3,613) |
Total net expenses |  | 193,652 |  |  | 173,896 |  |  | 526,423 |  |  | 476,892 |
Segment net income (loss) |  | 240 |  |  | (5,385) |  |  | (15,217) |  |  | (20,910) |
Adjustments and reconciling items |  | — |  |  | — |  |  | — |  |  | — |
Consolidated net income (loss) |  | $ | 240 |  |  | $ | (5,385) |  |  | $ | (15,217) |  |  | $ | (20,910) |
Other specified segment disclosures: |  |  |  |  |  |  |  |
Interest income(2) |  | $ | 3,389 |  |  | $ | 4,468 |  |  | $ | 11,795 |  |  | $ | 13,967 |
Interest expense |  | $ | 197 |  |  | $ | 208 |  |  | $ | 584 |  |  | $ | 611 |
Other significant noncash items: |  |  |  |  |  |  |  |
Stock-based compensation(3) |  | $ | 5,966 |  |  | $ | 6,071 |  |  | $ | 18,368 |  |  | $ | 17,755 |
(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.

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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