| SEGMENT INFORMATION |
7.SEGMENT INFORMATION The following table provides information about the Company’s reportable segments and a reconciliation of the total segment revenues to consolidated revenues, commissions and other agent-related costs, and segment adjusted EBITDA to the consolidated income (loss) before income tax expense (benefit) and goodwill (in thousands). | | | | | Revenues | | Three Months Ended March 31, | | 2026 | | 2025 | North American Realty | $ 965,103 | | $ 923,048 | International Realty | 40,152 | | 31,657 | Other Affiliated Services | 859 | | 827 | Commissions reconciliation: | | | | Segment eliminations | (573) | | (626) | Consolidated revenues | $ 1,005,541 | | $ 954,906 |
| | | | | Commissions and other agent-related costs | | Three Months Ended March 31, | | 2026 | | 2025 | North American Realty | $ 896,889 | | $ 852,058 | International Realty | 33,100 | | 26,373 | Other Affiliated Services | 205 | | 340 | Commissions reconciliation: | | | | Segment eliminations | - | | - | Consolidated commissions and other agent-related costs | $ 930,194 | | $ 878,771 |
| | | | | Operating Income (Loss) | | Three Months Ended March 31, | | 2026 | | 2025 | North American Realty | ($ 1,611) | | ($ 3,824) | International Realty | (3,016) | | (1,921) | Other Affiliated Services | (194) | | (1,643) | Segment Operating Income (Loss) | (4,821) | | (7,388) | Corporate expenses and other | (3,967) | | (2,988) | Consolidated Operating Income (Loss) | (8,788) | | (10,376) |
| | | | | Adjusted EBITDA | | Three Months Ended March 31, | | 2026 | | 2025 | North American Realty | $ 9,963 | | $ 7,736 | International Realty | (2,421) | | (1,615) | Other Affiliated Services | (130) | | (1,455) | Corporate expenses and other | (3,359) | | (2,509) | Consolidated adjusted EBITDA | $ 4,053 | | $ 2,157 | | | | | Income (loss) before income tax expense reconciliation: | | | | Depreciation and amortization expense | 2,322 | | 2,561 | Stock-based compensation expense | 9,073 | | 8,119 | Other stock-based compensation expense | 1,446 | | 1,853 | Other (income) expense, net | (138) | | (1,023) | Consolidated income (loss) before income tax expense | ($ 8,650) | | ($ 9,353) |
| | | | | Goodwill | | March 31, 2026 | | December 31, 2025 | North American Realty | $ 17,635 | | $ 17,872 | International Realty | - | | - | Other Affiliated Services | - | | - | Segment and consolidated total | 17,635 | | 17,872 |
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