John Gates transitions to Executive Chairman role CHICAGO, Jan. 7, 2026 /PRNewswire/ -- JLL, a leading global commercial real estate services firm, today announced key leadership changes as part of a planned transition within its Americas Leasing Advisory business. Michael Colacino has been appointed CEO Americas Leasing Advisory and John Gates will transition to Executive Chairman, Americas Leasing Advisory. The transition is effective January 15. Continue Reading Michael Colacino, JLL "These appointments ...

"Real offers the model of the future,†he said. "Traditional brokerages put a ceiling on how far you can grow. Real gives team leaders and agents the ability to think bigger, expand anywhere and build long-term wealth. The financial model, the technology and the culture of productivity create an environment where ambitious agents can thrive.†MIAMI--(BUSINESS WIRE)--The Real Brokerage Inc. (NASDAQ: REAX), a leading real estate technology platform redefining the industry through innovation and culture, today ...

Core Insights - La Rosa Holdings Corp. reported solid financial performance for the first nine months of 2025, with total revenue increasing nearly 18% year-over-year, driven by growth in residential real estate services, property management, and commercial brokerage [4] - The company secured $1.25 billion in financing facilities to enhance its AI data center strategy and pursue growth opportunities in the AI value chain [4] Q3 2025 Financial Highlights - Total revenue for Q3 2025 was $20.2 million, a 3.2% increase from $19.6 million in Q3 2024 [6][7] - Residential real estate services revenue rose by approximately $286 thousand to $16.8 million, an increase of 1.7% [6] - Property management revenue increased by approximately $255 thousand to $3.1 million, or 8.9% [6] - Commercial real estate brokerage services revenue surged by approximately $39 thousand to $103 thousand, a growth of about 61.5% [6] - Gross profit for Q3 2025 was $1.7 million, up 4.4% from $1.6 million in Q3 2024 [6] Nine-Months 2025 Financial Highlights - Total revenue for the nine months ended September 30, 2025, was $60.9 million, reflecting a 17.8% increase from $51.7 million in the same period of 2024 [6] - Residential real estate services revenue increased by approximately $8.2 million to $50.8 million, a growth of 19.2% [6] - Property management revenue rose by approximately $1.0 million to $9.2 million, or 12.4% [6] - Commercial real estate brokerage services revenue increased by approximately $100 thousand to $349 thousand, a growth of about 40.1% [6] - Gross profit for the nine months was $5.1 million, up 16.3% from $4.4 million in the same period of 2024 [6] Operational and Financial Position - The company ended Q3 2025 with approximately $6.4 million in cash and restricted cash, compared to $3.2 million as of December 31, 2024, indicating improved liquidity [4][9] - Total operating expenses for Q3 2025 were $6.7 million, compared to $3.4 million in Q3 2024, resulting in a loss from operations of $5.0 million [8] - The net loss for Q3 2025 was $5.5 million, or $(5.44) per share, compared to a net loss of $3.4 million, or $(16.49) per share, in Q3 2024 [9][17] Business Model and Strategy - La Rosa Holdings Corp. aims to transform the real estate industry by offering flexible compensation options for agents, including a revenue-sharing model and a fee-based structure with 100% commission [10] - The company operates 25 corporate-owned brokerage offices across various states and has begun its expansion into Europe, starting with Spain [12]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $115.3 million, a 37.7% increase year-over-year from $83.7 million in Q3 2024, driven by a 39% increase in brokerage revenue [17][19] - Gross profit increased by 39.1% year-over-year, reaching over $9.6 million, with a gross profit margin consistent at 8.3% [6][18] - Adjusted EBITDA improved to $6,000 in Q3 2025 from a negative $1.4 million in Q3 2024, reflecting higher revenue and improved operating leverage [20] Business Line Data and Key Metrics Changes - Brokerage segment revenue was $109.2 million, a 39% increase year-over-year, primarily due to the acquisition of My Home Group [20][21] - Mortgage segment revenue increased to $3.5 million from $2.9 million, with adjusted EBITDA of $161,000 compared to a loss of $319,000 in the prior year [23] - Veras Title revenue grew by 28.6% to $1.8 million, although adjusted EBITDA showed a loss of $191,000, worsening from a loss of $92,000 in the previous year [24] - Technology segment revenue was $829,000, up from $785,000, with adjusted EBITDA improving to $488,000 from $152,000 [25] Market Data and Key Metrics Changes - The residential real estate market is showing early signs of recovery, with narrowing spreads between the 10-year Treasury yield and the 30-year mortgage rate [26] - The company anticipates that small brokerages will explore opportunities to merge with or partner with larger firms, indicating a trend towards consolidation in the industry [28] Company Strategy and Development Direction - The company aims to diversify revenue streams with higher margin products and services, expand flagship programs like Elevate and Start, and strengthen attach rates across mortgage and title [29] - The Elevate program is designed to enhance agent productivity and profitability, with over 165 agents already onboarded [12][29] - The acquisition of Start Real Estate is expected to capture a significant share of the first-time home buyer market, with plans to expand into more states [13][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the housing market's recovery and the potential for programs like Start Real Estate and Elevate to gain momentum [26][27] - The company is focused on achieving operational cash flow breakeven by Q2 2026, with a commitment to disciplined execution [29] Other Important Information - The company ended the quarter with $9.8 million in cash, including $6.5 million from a public stock offering [25] - The company has not made any share repurchases during the first nine months of 2025 [25] Q&A Session Summary Question: Can you elaborate on the go-to-market strategy for IntelliAgent licensing? - The company has established relationships with several hundred small brokers and plans to accelerate discussions with the identified 18,000 brokers in Q1 of next year [31] Question: What are the attach rates for Start Real Estate as it expands into more states? - The attach rate for Start Real Estate is over 70%, and the company anticipates maintaining this rate as it expands into new states [33][34]

Core Insights - La Rosa Holdings Corp. has launched its annual GROWTH SUMMIT 2025, focusing on innovations in real estate technology and showcasing its proprietary agent-tech ecosystem [1][2] Company Developments - The summit features demonstrations of JAEME AI 2.0, an AI assistant designed to enhance agent efficiency and productivity [2][3] - Major upgrades to the technology stack include the launch of My Agent Account Version 4.0, which integrates transaction management to streamline processes [3] - The company has begun accepting Bitcoin and other cryptocurrencies as payment options, with plans to integrate blockchain technology for smarter contracts and secure transactions [3] Business Model and Operations - La Rosa Holdings provides flexible compensation options for agents, including a revenue-sharing model and a 100% commission structure [4] - The company operates 26 corporate-owned brokerage offices across several states and has recently expanded into Europe, starting with Spain [6] - La Rosa offers a range of services including residential and commercial real estate brokerage, franchising, education, coaching, and property management [5]

Core Insights - Fathom Holdings Inc. will participate in the 2025 Gateway Conference on September 3-4, 2025, in San Francisco, CA [1] - CEO Marco Fregenal will present on September 4 at 10:00 am PT, with a live webcast available [2] - The presentation will cover Fathom's strategic roadmap, showcasing a 36% year-over-year revenue growth, record transaction volumes, and a 23% increase in agent count [3] Financial Performance - Fathom reported a strong second quarter with a 36% increase in revenue year-over-year [3] - The company achieved record transaction volumes and a 23% rise in agent count [3] - Fathom has returned to adjusted EBITDA profitability [3] Strategic Developments - The rapid adoption of the Elevate program is highlighted as a key growth driver [3] - Fathom secured its first licensing agreement for the intelliAgent platform with Sovereign Realty Partners under the Fathom Elite brand [3] - Ongoing agent expansion and platform innovation are expected to support sustained growth and increased market share [3] Company Overview - Fathom Holdings Inc. is a technology-driven real estate services platform that integrates residential brokerage, mortgage, title, and SaaS offerings [5] - The company leverages its proprietary cloud-based software, intelliAgent, and operates several brands including Fathom Realty and Encompass Lending [5]

Core Insights - Fathom Holdings Inc. is expanding its presence in the Arizona real estate market through a strategic partnership with industry leaders Jeff Hawke, Joel Moyes, and Patrick Lewis, who will operate under the name Fathom Realty Elite [1][2] - This partnership is a significant milestone in Fathom's strategy to expand its intelliAgent platform, enhancing its footprint in one of the largest and fastest-growing real estate markets in the U.S. [2][3] - The combined experience of the new partners totals 81 years in commercial and residential real estate, which aligns with Fathom's mission to provide excellent service to agents and clients [3][4] Company Strategy - The partnership is expected to be the first of many as independent brokerages seek to enhance their operations with advanced technology and a robust network [3] - Fathom's intelliAgent platform and the Elevate program are highlighted as key tools that will benefit Arizona's real estate professionals [4] - The company emphasizes its commitment to integrity, collaboration, and support for agents, aiming to build a leading real estate advisory firm in Arizona [4][5] Technology and Services - Fathom Holdings Inc. is described as a technology-driven real estate services platform that integrates various offerings, including brokerage, mortgage, title, and SaaS solutions [5] - The company leverages its proprietary cloud-based software, intelliAgent, to empower agents and enhance consumer experiences [5]

Financial Data and Key Metrics Changes - Revenue in Q2 2025 increased by 59% year-over-year to $541 million, driven by a 62% increase in the number of transactions closed, exceeding 49,000 [7][27] - Gross profit rose by 50% to $47.9 million, while operating expenses increased by 42% to $46.2 million, resulting in the first-ever positive operating income of $1.7 million and positive net income of $1.6 million [9][30] - Adjusted EBITDA improved by 43% to $20 million from $14 million in the previous year [9][31] - The total value of homes transacted increased to $20.1 billion, a 60% year-over-year increase [32] Business Line Data and Key Metrics Changes - Ancillary business lines grew by 50%, contributing approximately 1% of total revenue and nearly 5% of gross profit [10] - One Real Mortgage saw exceptional revenue growth of 80%, while One Real Title's revenue grew by 7% [11] - RealWallet generated $250,000 in revenue, with total deposits exceeding $14 million, a nearly 70% increase since the last earnings call [12] Market Data and Key Metrics Changes - The company ended Q2 with 28,000 agents, marking a 43% increase year-over-year, with the agent count exceeding 29,200 as of the call [9][10] - Revenue churn remained low at 2%, indicating strong retention of productive agents [10] Company Strategy and Development Direction - The company aims to redefine the role of real estate brokerage by providing agents with financial incentives, a proprietary technology platform, and a collaborative culture [6] - A significant part of the long-term strategy involves the growth of ancillary business lines, which have higher gross margins compared to core brokerage [10] - The acquisition of FlyHome's AI-powered consumer home search portal is expected to enhance the client experience and strengthen the company's competitive position [15] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the challenges in the housing market but emphasized that the company's model is designed to empower agents to succeed in such environments [36] - The focus remains on building a comprehensive platform for agents to manage their businesses and provide clients with seamless services [38] Other Important Information - The company ended the quarter with unrestricted cash and investments at an all-time high of $55 million and no debt [32] - The company plans to increase share repurchases in the second half of the year under a buyback authorization [32] Q&A Session Summary Question: Impact of revenue share model enhancements - Management clarified that changes in the revenue share model would not impact financial statements but would redistribute revenue share within the agent community [41] Question: Expectations for gross margins in the second half - Management indicated that gross margins are expected to decline year-over-year in the second half due to more revenue being generated by capped agents [42][43] Question: Update on agent and team recruiting pipelines - The recruiting pipeline remains strong, with 1,200 agents added in the past five weeks, despite a significant offboarding of nonproductive agents [44][46] Question: Goals for ancillary services adoption - Management believes that meaningful adoption of ancillary services will come through product enhancements rather than traditional methods [54] Question: Utilization of contract labor - The company strategically uses a mix of contract labor and full-time employees to support growth, converting contractors to full-time roles as needed [86] Question: Goals for achieving positive earnings per share - Management aims to build on the momentum of achieving positive net income and will remain active in share buybacks and opportunistic M&A [88] Question: R&D prioritization strategy - The focus will be on strengthening core technology, leveraging AI for efficiency, and investing in the consumer roadmap [89]

Company Overview - The Real Brokerage Inc was founded in 2014 and aims to disrupt the traditional real estate brokerage model by offering agents higher value at a lower cost[11] - The company's vision is to redefine the home buying and selling process and enable agents to build long-term wealth[11] Financial Performance - The company's last twelve months revenue as of Q1 2025 was $1418 million[13] - The company's last twelve months Adjusted EBITDA as of Q1 2025 was $446 million[15] - As of Q1 2025, the company had 26870 agents[13] - The company's gross profit for the three months ended March 31, 2025, was $33936 thousand[164] Agent Value Proposition - The company offers a competitive 85%/15% commission split, favoring agents, with agents keeping all gross commission income after reaching a $12000 annual cap[40] - The company provides a revenue sharing model where agents can earn additional income by receiving a percentage of commissions generated by agents they attract to Real[40] Technology and Innovation - The company's proprietary software platform, reZEN, offers a comprehensive range of tools for real estate agents[54] - The company launched Real Wallet in Q4 2024, offering a Real-branded debit card for U S agents and a business line of credit for Canadian agents, generating $126K in revenue in Q1 2025[60,62] Market Position and Growth - Since 2021, Real has grown agent count by over 6x, even as the Existing Home Sales market has declined by over 30% during that time[24] - The company represents less than 2% of the US agent market share[72]