Company: HOUS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001398987-25-000108
Chunk: 126

Company: Anywhere Real Estate Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 126
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 months ended June 30, 2025 compared with the same period in 2024.

The revenue increase of $76 million was primarily driven by a 4% increase in existing homesale transaction volume at Owned Brokerage Group which consisted of a 7% increase in average homesale price, partially offset by a 3% decrease in existing homesale transactions.

Operating EBITDA increased $8 million primarily due to:

•a $76 million increase in revenues as discussed above; and

•a $5 million decrease in other operating costs despite a $5 million increase in employee-related healthcare costs,

partially offset by:

•a $68 million increase in commission expenses paid to independent sales agents primarily as a result of higher homesale transaction volume as described above; and

•a $5 million increase in royalties paid to Franchise Group.

Anywhere Integrated Services—Title Group

Revenues increased $12 million to $186 million and Operating EBITDA decreased $2 million to a loss of $8 million for the six months ended June 30, 2025 compared with the same period in 2024.

Revenues increased $12 million primarily driven by an $8 million increase in resale revenue due to a higher average fee per closing unit which was partially offset by a decline in purchase units. Additionally, refinance revenue increased $4 million driven by both an increase in units and a higher average fee per closing unit.

Operating EBITDA decreased $2 million primarily due to a $9 million increase in variable operating costs due to volume increases and a $6 million increase in employee-related and other operating costs primarily due to higher employee-related healthcare costs, partially offset by a $12 million increase in revenue discussed above and a $1 million increase in equity in earnings.

41

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

Financial Condition

June 30, 2025December 31, 2024ChangeTotal assets$5,859 $5,636 $223 Total liabilities4,330 4,066 264 Total equity1,529 1,570 (41)

For the six months ended June 30, 2025, total assets increased $223 million primarily due to:

•a $148 million increase in cash and cash equivalents primarily related to a net increase from the issuance of $500 million of 9.75% Senior Secured Second Lien Notes and the repurchase of a portion of the Exchangeable Senior Notes in the second quarter of 2025