Strong Revenue Growth
Total revenue for Q4 2024 grew approximately 24% to $91.7 million, up from $74.1 million in Q4 2023. Gross profit increased by 25% and rose 59% when excluding the sold insurance business.
Agent and Transaction Growth
Agent count increased by 21% to approximately 14,300, and transactions rose by 22% to 9,903, indicating continued strong activity in the agent network.
Successful Title Division Expansion
Verus Title revenue increased by 80% to $1.3 million in Q4 2024, showing strong demand for title services.
Cost Management Achievements
General and administrative expenses decreased to $8.4 million for Q4 2024, compared to $10 million in Q4 2023, due to cost savings and the absence of costs related to the insurance segment sale.
Strategic Acquisitions
Acquired My Home Group in November 2024, expected to bring about $110 million in revenue in 2025.