Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Key Operating Data for the Reportable Segments

Key operating data for the reportable segments for the three and nine months ended September 30, 2025 and 2024 are set forth in the tables below (amounts in thousands):



	Three Months Ended September 30, 2025
	Real Estate Brokerage		Mortgage		Technology		Total
Revenue	$	109,213	$	3,472	$	829	$	113,514
Intersegment revenue	—		—		419		419
Total segment revenue	109,213		3,472		1,248		113,933
Corporate and other services (a)							1,830
Elimination of intersegment revenue							(450)
Total revenue							115,313
Less:
Commissions	104,594		946		—		105,540
Compensation	1,432		1,027		381		2,840
Other segment expenses	1,626		1,338		379		3,343
Adjusted EBITDA by segment	1,561		161		488		2,210
Corporate and other services (a) expenses							(2,203)
Total adjusted EBITDA							6
Stock based compensation							(562)
Litigation contingency							(2,000)
Depreciation and amortization							(1,483)
Other income (expense), net							(294)
Loss before income tax							$	(4,333)


	Three Months Ended September 30, 2024
	Real Estate Brokerage		Mortgage		Technology		Total
Revenue	$	78,563	$	2,931	$	785	$	82,279
Intersegment revenue	—		—		353		353
Total segment revenue	78,563		2,931		1,138		82,632
Corporate and other services (a)							1,454
Elimination of intersegment revenue							(353)
Total revenue							83,733
Less:
Commissions	74,604		955		—		75,559
Compensation	999		1,102		476		2,577
Other segment expenses	2,142		1,193		510		3,845
Adjusted EBITDA by segment	817		(319)		152		650
Corporate and other services (a) expenses							(2,095)
Total adjusted EBITDA							(1,445)
Gain on sale of business							—
Stock based compensation							(1,967)
Litigation contingency							(3,099)
Depreciation and amortization							(1,251)
Other expense (income), net							(342)
Loss before income tax							$	(8,104)


	Nine Months Ended September 30, 2025
	Real Estate Brokerage		Mortgage		Technology		Total
Revenue	$	314,067	$	9,391	$	2,109	$	325,567
Intersegment revenue	—		—		1,257		1,257
Total segment revenue	314,067		9,391		3,366		326,824
Corporate and other services (a)							4,399
Elimination of intersegment revenue							(1,352)
Total revenue							329,871
Less:
Commissions	300,339		2,633		—		302,972
Compensation	4,282		3,123		1,221		8,626
Other segment expenses	4,199		3,938		1,394		9,531
Adjusted EBITDA by segment	5,247		(303)		751		5,695
Corporate and other services (a) expenses							(7,132)
Total adjusted EBITDA							(1,437)
Gain on sale of business							—
Stock based compensation							(3,013)
Litigation contingency							(2,011)
Depreciation and amortization							(4,380)
Other income (expense), net							(2,651)
Other non-cash items and transaction costs							—
Loss before income tax							$	(13,492)


	Nine Months Ended September 30, 2024
	Real Estate Brokerage		Mortgage		Technology		Total
Revenue	$	227,073	$	8,877	$	2,302	$	238,252
Intersegment revenue	—		—		1,058		1,058
Total segment revenue	227,073		8,877		3,360		239,310
Corporate and other services (a)							5,191
Elimination of intersegment revenue							(1,058)
Total revenue							243,443
Less:
Commissions	215,585		2,718		9		218,312
Compensation	2,941		3,233		1,480		7,654
Other segment expenses	5,338		3,750		1,525		10,613
Adjusted EBITDA by segment	3,209		(824)		345		2,730
Corporate and other services (a) expenses							(5,507)
Total adjusted EBITDA							(2,777)
Gain on sale of business							2,958
Stock based compensation							(7,118)
Litigation contingency							(3,437)
Depreciation and amortization							(4,050)
Other expense (income), net							(890)
Other non-cash items and transaction costs							—
Loss before income tax							$	(15,314)

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(a)Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and other services line.

Fathom Holdings Inc. 10-Q