Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 119

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 119
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-based compensation (a)4 4 Restructuring costs, net (b)12 7 Impairments (c)— 2 Former parent legacy cost, net1 1 Legal contingencies (d)— — Gain on the early extinguishment of debt (e)(2)— Gain on the sale of businesses, investments or other assets, net(3)— Operating EBITDA$133 $143 _______________

(a)Stock-based compensation is a non-cash expense that is based on grant date fair value, which is influenced by the Company's stock price, and recognized over the requisite service period. This expense is primarily related to Corporate and Other.

(b)Restructuring costs include personnel-related, facility-related and other costs related to professional fees and consulting fees. See Note 5, "Restructuring Costs", to the Condensed Consolidated Financial Statements for additional information.

Restructuring charges incurred for the three months ended June 30, 2025 include $3 million at Franchise Group, $4 million at Owned Brokerage Group, $1 million at Title Group and $4 million in Corporate and Other. Restructuring charges incurred for the three months ended June 30, 2024 include $2 million at Franchise Group, $1 million at Owned Brokerage Group, $1 million at Title Group and $3 million in Corporate and Other.

(c)Non-cash impairments primarily related to leases and other assets.

(d)Represents changes in legal contingencies unrelated to normal operations which currently includes industry-wide antitrust lawsuits and class action lawsuits. Legal contingencies do not include cases that are part of our normal operating activities or legal expenses incurred in the ordinary course of business.

(e)Gain on the early extinguishment of debt is recorded in Corporate and Other and relates to the issuance of 9.75% Senior Secured Second Lien Notes and repurchase of a portion of the Exchangeable Senior Notes that occurred during the second quarter of 2025.

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The following table reflects the results of each of our reportable segments and Corporate and Other during the three months ended June 30, 2025 and 2024:

 Revenues (b)$ Change% ChangeOperating EBITDA$ Change% ChangeOperating EBITDA MarginChange2025202420252024 (c)20252024 (c)Franchise Group$269 $265 $4 2 %$163 $159 $4 3 %