Earnings

The Real Brokerage more than doubled its agent count vs. last year, with chairman and CEO Tamir Poleg crediting its technology and “agent attraction model.”

The brokerage reported a net loss of $15.1 million in the first quarter but says it has plenty of cash on-hand to carry it through the down cycle.

With the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.

The company lost $700K and saw U.S. agent count decline in Q1, but said the results met expectations and focused on opportunities for Motto Mortgage.

Redfin CEO Glenn Kelman says the company is ‘leaner, hungrier’ and ready for when the real estate market rebounds.

The leading iBuyer lost $101 million in Q1, but that's a significant improvement over the previous quarter, and they are now "looking for stabilization."

The company missed analyst expectations by $0.48 per share but achieved cost savings of $50 million while legal headwinds put pressure on the bottom line.

The Seattle-based company beat analyst expectations for the first quarter and is entering a crucial period as it unveils new products.

The company managed to cut losses by half in Q1, and CEO Brian Bair said Offerpad has a "realistic and achievable plan" to meet its goals.

The cloud-based brokerage reported declines in revenue and transactions, but ended the quarter in the black and boosted agent count.

The company cited increased traffic to its portal websites, including Homes.com, as one reason for its growth.

Despite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.

The luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.

Bridgemarq Real Estate Services reported revenue of $49.9 million in 2022 and added more than 500 agents.

Revenue was $1.1 billion, down 31% compared to Q4 2021, but cost-cutting measures may be stemming the tide of losses.

The Washington-based real estate giant missed revenue estimates in Q4 but increased agent count to more than 86,000.

Despite losses on home sales, CEO Carrie Wheeler said the company believes in its value proposition and sees "significant runway" via its Zillow partnership.

CEO Ryan Schneider said the company will make cost reductions to bring operations in line with the market, as he expects a volatile year in real estate.

Florance, founder and CEO, made the announcement during a Q4 earnings conference call Tuesday, which also highlighted the company's revenue gains.

CEO and founder Glenn Kelman said the company is continuing to cut expenses and looking to increase the number of online visitors who hire Redfin agents.