Stewart Information Services (NYSE:STC) Q3 2025 Earnings Call October 23, 2025 08:30 AM ET Speaker0Hello, and thank you for joining the Stewart Information Services Third Quarter 2025 earnings call. At this time, all participants are in a listen-only mode. Later, you'll have the opportunity to ask questions during the question and answer session. Instructions will be given at that time. Please note today's call is being recorded. Lastly, should you require operator assistance, please press star zero. It is ...

Financial Performance - Revenue for the second quarter of 2025 reached $172.3 million, an increase of 8.8% year-over-year[13] - Net loss for the second quarter was $(11.0) million, a 99.3% change year-over-year[13] - Adjusted EBITDA for the second quarter was $1.5 million, representing a 1.0% increase year-over-year[13] - Year-to-date revenue totaled $317.3 million, up 10.4% compared to the previous year[14] - Year-to-date net loss was $(15.5) million, a (0.4)% change year-over-year[14] - Year-to-date Adjusted EBITDA was $(7.3) million, a 15.7% increase year-over-year[14] Operational Highlights - Sales volume for the second quarter reached $12.3 billion, a 29.9% increase year-over-year[13] - Transaction closings for the second quarter totaled 2,070, up 15.0% year-over-year[13] - The number of investment sales and financing professionals as of June 30, 2025, was 1,640, a decrease of (5.0)% year-over-year[13] Market Trends - Private investors dominate the U S commercial real estate market, accounting for 59% of dollar volume[34] - Transactions in the $1 million to <$10 million range constitute 66% of the total[16]

Financial Performance - Revenue reached $145 million, a 12.3% increase year-over-year[13] - Net loss was $(4.4) million, a 55.7% improvement year-over-year[13] - Adjusted EBITDA was $(8.7) million, a 13.3% improvement year-over-year[13] Operational Highlights - Sales volume totaled $9.4 billion, a decrease of 3.5% year-over-year[13] - Transaction closings numbered 1,706, a 9.1% increase year-over-year[13] - The number of investment sales and financing professionals was 1,668 as of March 31, 2025, a 3.1% decrease year-over-year[13] Brokerage Performance - Brokerage sales volume was $6.7 billion, a 17.6% increase year-over-year[14] - Brokerage transaction closings numbered 1,175, a 6.6% increase year-over-year[14] - Real estate brokerage commissions revenue reached $123.6 million, a 12.9% increase year-over-year[14] Financing Performance - Financing sales volume was $1.9 billion, a 16.1% increase year-over-year[16] - Financing transaction closings numbered 337, a 44.0% increase year-over-year[16] - Financing fees revenue reached $18.1 million, a 25.7% increase year-over-year[16]