XML 42 R32.htm IDEA: XBRL DOCUMENT v3.25.3

Segment Information (Tables)

9 Months Ended

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.

X

- 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

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration