| SEGMENT INFORMATION |
7.SEGMENT INFORMATION The following table provides information about the Company’s reportable segments (in thousands): | | | | | | | | | Revenues | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | North American Realty | $ 1,403,046 | | $ 1,276,487 | | $ 2,368,150 | | $ 2,199,535 | International Realty | 46,352 | | 32,293 | | 86,504 | | 63,950 | Other Affiliated Services | 686 | | 708 | | 1,544 | | 1,535 | Commissions reconciliation: | | | | | | | | Segment eliminations | (536) | | (611) | | (1,109) | | (1,237) | Consolidated revenues | $ 1,449,548 | | $ 1,308,877 | | $ 2,455,089 | | $ 2,263,783 |
| | | | | | | | | Commissions and Other Agent-Related Costs | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | North American Realty | $ 1,312,457 | | $ 1,188,963 | | $ 2,209,346 | | $ 2,041,021 | International Realty | 38,003 | | 26,918 | | 71,103 | | 53,291 | Other Affiliated Services | 291 | | 342 | | 496 | | 682 | Commissions reconciliation: | | | | | | | | Segment eliminations | - | | - | | - | | - | Consolidated commissions and other agent-related costs | $ 1,350,751 | | $ 1,216,223 | | $ 2,280,945 | | $ 2,094,994 |
| | | | | | | | | Operating Income (Loss) | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | North American Realty | $ 7,875 | | $ 7,111 | | $ 6,264 | | $ 3,287 | International Realty | (1,821) | | (4,209) | | (4,837) | | (6,129) | Other Affiliated Services | (255) | | (2,359) | | (449) | | (4,002) | Segment Operating Income (Loss) | 5,799 | | 543 | | 978 | | (6,844) | Corporate expenses and other | (4,158) | | (2,919) | | (8,125) | | (5,908) | Consolidated Operating Income (Loss) | $ 1,641 | | ($ 2,376) | | (7,147) | | (12,752) |
| | | | | | | | | Adjusted EBITDA | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | North American Realty | $ 30,726 | | $ 19,784 | | $ 40,689 | | $ 27,519 | International Realty | (1,315) | | (3,859) | | (3,736) | | (5,474) | Other Affiliated Services | (188) | | (2,291) | | (318) | | (3,746) | Corporate expenses and other | (3,523) | | (2,433) | | (6,882) | | (4,943) | Consolidated adjusted EBITDA | $ 25,700 | | $ 11,201 | | $ 29,753 | | $ 13,356 | | | | | | | | | Income (loss) before income tax expense reconciliation: | | | | | | | | Depreciation and amortization expense | 2,245 | | 2,272 | | 4,567 | | 4,833 | Legal costs non-recurring | 4,485 | | - | | 4,485 | | - | Litigation contingency | 4,335 | | - | | 4,335 | | - | Stock-based compensation expense | 12,102 | | 9,703 | | 21,175 | | 17,821 | Stock option expense | 892 | | 1,602 | | 2,338 | | 3,454 | Other (income) expense, net | (665) | | (553) | | (803) | | (1,576) | Consolidated income (loss) before income tax expense | $ 2,306 | | ($ 1,823) | | ($ 6,344) | | ($ 11,176) |
| | | | | Goodwill | | June 30, 2026 | | December 31, 2025 | North American Realty | $ 26,917 | | $ 17,872 | International Realty | - | | - | Other Affiliated Services | - | | - | Segment and consolidated total | 26,917 | | 17,872 |
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