HOUS
Anywhere Real Estate Inc.14.77
+0.78+5.58%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.66BP/E (TTM)
-Basic EPS (TTM)
-1.14Dividend Yield
0%Recent Filings
8-K
10-Q
Q2 FY2025 results
Anywhere Real Estate posted Q2 net revenues of $1.682B, up 1% y/y, with gross commission income edging higher to $1.381B amid a 3% rise in average homesale prices that offset a 3% drop in closed sides at the owned brokerage group. Operating income swung to a $32M profit from $38M last year, while diluted EPS held steady at $0.24 on 114.1M shares, reconciling cleanly to net income of $27M after taxes. Franchise fees remained flat at $101M, buoyed by steady agent productivity, yet higher employee healthcare costs lifted operating expenses 6% to $303M. Cash climbed to $266M with $133M used in operations, offset by $316M from financing including $500M in new 9.75% second-lien notes that funded a $339M Exchangeable Notes repurchase, leaving total debt at $2.793B and $490M revolver availability. Reimagine25 restructuring tallied $24M YTD, targeting $36M total for branch and tech efficiencies. Antitrust litigation lingers as a key overhang.
8-K
Q2 revenue up, EBITDA dips
Anywhere Real Estate Inc. reported Q2 2025 revenue of $1.7 billion, up 1% year-over-year, with Operating EBITDA at $133 million, down 7% amid flat transaction volumes but rising average home prices. The company issued $500 million in new senior secured notes to repurchase most of its exchangeable notes, bolstering liquidity with no major maturities until 2029. Cost savings hit $25 million in the quarter, on pace for $100 million annually. Momentum builds in July.
8-K
Debt refinancing via new notes
Anywhere Real Estate Group issued $500 million of 9.750% senior secured second lien notes due 2030 on June 26, 2025, using proceeds to repurchase $345 million of its 0.25% exchangeable notes due 2026 for $339.4 million and repay revolving credit borrowings. This refinancing swaps low-rate but exchangeable debt for higher-rate secured notes, extending maturities while imposing covenants on dividends, investments, and liens. Repurchases leave $58 million of exchangeable notes outstanding. Yet, the 9.750% rate hikes interest costs.
8-K
Q2 EBITDA cut, FY affirmed
Anywhere Real Estate updated its Q2 2025 Operating EBITDA estimate to $125 million to $135 million, citing softer homesale volumes from market volatility, while affirming full-year guidance at about $350 million on expected second-half recovery and cost savings. Revolving credit borrowings dropped to $655 million as of June 16, 2025, after a $41 million legacy tax payment. The securitization facility shrank to $180 million but extends to January 2026. Housing market swings remain the biggest wildcard.
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