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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information for the Company’s Operations Before Taxes and Non-controlling Interests | Financial information for the Company’s operations before taxes and non-controlling interests for the years ended December 31, 2024, 2023, and 2022 was as follows:
| Real Estate Brokerage |  | Corporate Activities and Other
2024 |  |  |
Revenues | $ | 995,627 |  |  | $ | — |
Operating expenses: |  |  |
Real estate agent commissions | $ | 743,819 |  |  | $ | — |
Sales and marketing | 82,606 |  |  | — |
Operations and support (1) | 69,278 |  |  | — |
General and administrative (1) | 83,465 |  |  | 28,798 |
Technology | 23,386 |  |  | — |
Depreciation and amortization | 7,736 |  |  | — |
Antitrust litigation settlement expense | 17,750 |  |  | — |
Stock-based compensation (1) | 4,325 |  |  | 2,249 |
Restructuring | 616 |  |  | 425 |
Segment operating loss | $ | (37,354) |  |  | $ | (31,472) |
Real estate brokerage segment operating loss |  |  | $ | (37,354) |
Corporate activities and other segment operating loss |  |  | (31,472) |
Total segments’ operating loss |  |  | $ | (68,826) |
Interest expense |  |  | (2,939) |
Interest income |  |  | 5,533 |
Equity in earnings (losses) from equity-method investments |  |  | 36 |
Change in fair value of derivatives embedded with convertible debt |  |  | (14,978) |
Investment and other income |  |  | 5,289 |
(Loss) income before provision for income tax |  |  | $ | (75,885) |
(1) $5,510 of stock-based compensation is included within General and administrative expenses ($3,261 in Real Estate Brokerage segment and $2,249 in Corporate activities and other segment) and $1,064 is included within the Real Estate Brokerage’s segment’s Operations and support expenses on the consolidated statements of operations.
| Real Estate Brokerage |  | Corporate Activities and Other
2023 |  |  |
Revenues | $ | 955,578 |  |  | $ | — |
Operating expenses: |  |  |
Real estate agent commissions | $ | 706,162 |  |  | $ | — |
Sales and marketing | 83,670 |  |  | — |
Operations and support (1) | 69,675 |  |  | — |
General and administrative (1) | 94,110 |  |  | 19,192 |
Technology | 23,788 |  |  | — |
Depreciation and amortization | 8,026 |  |  | — |
Stock-based compensation (1) | 4,539 |  |  | 8,536 |
Restructuring | 2,377 |  |  | — |
Segment operating loss | $ | (36,769) |  |  | $ | (27,728) |
Real estate brokerage segment operating loss |  |  | $ | (36,769) |
Corporate activities and other segment operating loss |  |  | (27,728) |
Total segments’ operating loss |  |  | $ | (64,497) |
Interest expense |  |  | (28) |
Interest income |  |  | 5,841 |
Equity in earnings (losses) from equity-method investments |  |  | (168) |
Investment and other income |  |  | 633 |
(Loss) income before provision for income tax |  |  | $ | (58,219) |
(1) $12,145 of stock-based compensation is included within General and administrative expenses ($3,609 in Real Estate Brokerage segment and $8,536 in Corporate activities and other segment) and $930 is included within the Real Estate Brokerage’s segment’s Operations and support expenses on the consolidated statements of operations.
| Real Estate Brokerage |  | Corporate Activities and Other
2022 |  |  |
Revenues | $ | 1,153,177 |  |  | $ | — |
Operating expenses: |  |  |
Real estate agent commissions | $ | 836,803 |  |  | $ | — |
Sales and marketing | 85,763 |  |  | — |
Operations and support (1) | 72,169 |  |  | — |
General and administrative (1) | 101,469 |  |  | 19,591 |
Technology | 22,773 |  |  | — |
Depreciation and amortization | 8,012 |  |  | — |
Stock-based compensation (1) | 4,195 |  |  | 6,943 |
Segment operating income (loss) | $ | 21,993 |  |  | $ | (26,534) |
Real estate brokerage segment operating income |  |  | $ | 21,993 |
Corporate activities and other segment operating loss |  |  | (26,534) |
Total segments’ operating loss |  |  | $ | (4,541) |
Interest expense |  |  | (148) |
Interest income |  |  | 1,927 |
Equity in earnings (losses) from equity-method investments |  |  | (563) |
Investment and other income |  |  | 3,429 |
(Loss) income before provision for income tax |  |  | $ | 104 |
(1) $10,361 of stock-based compensation is included within General and administrative expenses ($3,418 in Real Estate Brokerage segment and $6,943 in Corporate activities and other segment) and $777 is included within the Real Estate Brokerage’s segment’s Operations and support expenses on the consolidated statements of operations. The Company’s identifiable assets and capital expenditures by segment for December 31, 2024, 2023 and 2022 were as follows:
| Real Estate Brokerage |  | Corporate Activities and Other |  | Total
Year Ended December 31, 2024 |  |  |  |  |
Identifiable assets (1) | $ | 425,148 |  |  | $ | 68,740 |  |  | $ | 493,888 |
Capital expenditures | $ | 5,534 |  |  | $ | — |  |  | $ | 5,534 |
Year Ended December 31, 2023 |  |  |  |  |
Identifiable assets (2) | $ | 455,021 |  |  | $ | 38,398 |  |  | $ | 493,419 |
Capital expenditures | $ | 6,143 |  |  | $ | — |  |  | $ | 6,143 |
Year Ended December 31, 2022 |  |  |  |  |
Identifiable assets (3) | $ | 512,524 |  |  | $ | 37,878 |  |  | $ | 550,402 |
Capital expenditures | $ | 8,537 |  |  | $ | — |  |  | $ | 8,537 |
(1) Includes $1,401 and $619 in equity method investments for Real Estate Brokerage segment and Corporate Activities and Other segment, respectively. (2) Includes $1,390 and $570 in equity method investments for Real Estate Brokerage segment and Corporate Activities and Other segment, respectively. (3) Includes $1,366 and $263 in equity method investments for Real Estate Brokerage segment and Corporate Activities and Other segment, respectively.

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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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