v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total revenue $ 724 $ 676 $ 2,204 $ 1,929
Cost of revenue 208 185 607 490
Gross profit 516 491 1,597 1,439
Operating expenses:        
Sales and marketing 216 214 675 638
Technology and development 150 151 456 453
General and administrative 279 127 533 369
Impairment and restructuring costs 32 2 68 2
Total operating expenses 677 494 1,732 1,462
Loss from operations (161) (3) (135) (23)
Other income, net 12 18 41 58
Interest expense (6) (3) (16) (13)
Income (loss) before income taxes (155) 12 (110) 22
Income tax expense (3) (2) (6) (2)
Net income (loss) (158) 10 (116) 20
Income (loss) before income taxes $ (155) $ 12 $ (110) $ 22
Net income (loss) per share:        
Net income (loss) per share - basic (usd per share) $ (0.70) $ 0.04 $ (0.51) $ 0.08
Net income (loss) per share - diluted (usd per share) $ (0.70) $ 0.04 $ (0.51) $ 0.08
Weighted-average shares outstanding:        
Weighted-average shares outstanding - basic (in shares) 225,305 242,326 229,589 241,889
Weighted-average shares outstanding - diluted (in shares) 225,305 256,243 229,589 254,700
Total For Sale revenue        
Total revenue $ 489 $ 488 $ 1,552 $ 1,428
Residential        
Total revenue 419 435 1,334 1,286
Mortgages        
Total revenue 70 53 218 142
Rentals        
Total revenue 220 174 612 462
Other        
Total revenue $ 15 $ 14 $ 40 $ 39