Exceptional Organic Growth
Closed transactions increased nearly 50% year-over-year, surpassing 30,000 agents on the platform for the first time.
Revenue and Gross Profit Increase
Revenue grew 53% to $569 million and gross profit increased 40% to $45 million, outpacing operating expenses.
Positive Adjusted EBITDA
Adjusted EBITDA was positive $20.4 million, a 54% improvement from last year, contributing to operating cash flow from operations of $9 million.
Agent Base Expansion
Ended the quarter with over 30,100 agents, up 39% from a year ago, with current agent count at approximately 30,700.
Real Wallet Adoption
More than 4,600 agents now use Real Wallet business checking accounts, with total deposits exceeding $20 million, up from approximately $14 million at the time of the last earnings call.
AI and Automation Advancements
Launched a dedicated AI automation team, saving the business over 10,000 hours annually, and expanded AI tools to handle 47% of agent interactions.