Tag Archives: Earnings

January cyberattack a $37M weight on loanDepot Q1 2024 results

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In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss. Continue reading →

Offerpad posts a decline in annual revenue, but improves Q1 losses

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The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. Continue reading →

Offerpad posts a decline in annual revenue, but improves Q1 losses

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The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. Continue reading →

Rocket Mortgage picks up market share — and turns a tidy Q1 profit

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On its quest to reclaim the title of nation’s biggest mortgage lender, Rocket didn’t sacrifice profits, generating $291 million in net income as revenue grew 107 percent from a year ago, to $1.38 billion. Continue reading →

RE/MAX revenue drops for 7th consecutive quarter

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Total revenue declined by 8.3 percent year over year to $78.3 million during the first quarter of 2024, which still bested analysts’ expectations for revenue to fall by 9.5 percent. Continue reading →

Opendoor revenue dips and losses rise amid Q1 transaction slump

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Opendoor drew $1.2 billion in revenue between January and March, according to first-quarter earnings data released Thursday. The new numbers reflect a tough market, but also some hope for the iBuyer. Continue reading →

EXp sees revenue rise, but agent count dips again in Q1

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The company earned $943 million in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780. Continue reading →

Anywhere’s revenue holds steady in Q1 amid ‘tough’ housing market

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Generated revenue remained flat at $1.1 billion from the same period a year ago while the franchisor improved net losses by 27 percent year over year to a loss of $101 million, according to a Thursday earnings call. Continue reading →

Better hiring real estate agents to originate mortgages in 26 states

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As Better reports $543 million 2023 loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to providing purchase loans to homebuyers. Continue reading →

Fathom Realty added 1,425 agents after raising fees last year

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Fathom posted a $24 million annual loss during a Q4 and 2023 earnings call Thursday afternoon, with executives saying the brokerage’s transaction volume dropped less than the industry overall. Continue reading →