Anywhere Real Estate Inc.
anywhere.reWhat Do They Do?
Operates residential real estate brokerages and franchises real estate brands, serving home buyers and sellers, agents, and franchisees.
10-K for FY2024, filed Feb 25, 2025A leader of integrated residential real estate services in the U.S., Anywhere includes franchise, brokerage, relocation, and title and…View ↗
Anywhere Brands ("Franchise Group")—franchises a portfolio of well-known, industry-leading franchise brokerage brands, including Better…View ↗
We participate in services associated with many aspects of the residential real estate market. Our complementary businesses and…View ↗
How Do They Make Money?
Home buyers and sellers pay brokerage commissions when a home sale closes; title and settlement customers pay fees when a sale or refinancing closes. Franchisees pay royalties tied to their commission income when their home sales close, along with marketing and franchise fees.
10-K for FY2024, filed Feb 25, 2025(a)Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction.View ↗
(b)Service revenue primarily consists of title and escrow fees at Title Group and are recognized at a point in time at the closing of a…View ↗
(c)Franchise fees at Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying…View ↗
In the U.S., the Company employs a direct franchising model whereby it franchises its real estate brands to real estate brokerage…View ↗
The Company provides title, escrow and settlement services to consumers, real estate companies, corporations and financial institutions…View ↗
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10-K for FY2024, filed Feb 25, 2025
FY2024 revenue by product or service ↗
$5.7B
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10-K for FY2024, filed Feb 25, 2025
$5.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Gross Commission Income
Sold outright
10-K for FY2024, filed Feb 25, 2025 |
81%
FY2021: 77%
|
Gross Commission Income, FY2024
$4.6B Sources
|
Sold outright |
|
Service revenue
Sold outright
10-K for FY2024, filed Feb 25, 2025 |
10%
FY2021: 15%
|
Service revenue, FY2024
$574M Sources
|
Sold outright |
|
Franchise fees
Mix
10-K for FY2024, filed Feb 25, 2025 |
6.3%
FY2021: 6.5%
|
Franchise fees, FY2024
$356M Sources
|
Mix |
|
Other
|
2.3%
FY2021: 2.1%
|
Other, FY2024
$133M Sources
|
Who Are Their Customers?
Home buyers and sellers use the company’s owned brokerages and affiliated agents. Independent real estate businesses buy franchise rights and support; corporations and real estate benefit programs also use relocation and lead services, while title services serve consumers, real estate companies, corporations and financial institutions.
10-K for FY2024, filed Feb 25, 2025Anywhere Brands ("Franchise Group")—franchises a portfolio of well-known, industry-leading franchise brokerage brands, including Better…View ↗
Through the Leads Group, the Company provides high-quality leads to independent sales agents, through real estate benefit programs that…View ↗
As an owner-operator of real estate brokerages, the Company assists home buyers and sellers in listing, marketing, selling and finding…View ↗
The Company provides title, escrow and settlement services to consumers, real estate companies, corporations and financial institutions…View ↗
The average tenure among our U.S. franchisees is approximately 23 years as of December 31, 2024. Our franchisees pay us fees for the right…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $128M in FY2024, but brought in more cash than it spent: $26M of free cash flow.
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2025, filed Nov 5, 2025
−$13MView ↗
- ▼ Now a loss
- vs $7M in Q3 FY2024
10-Q for Q3 FY2025, filed Nov 5, 2025
Open tableView ↗
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Jan 9, 2026
Compass completed its acquisition of Anywhere
Anywhere became a wholly owned Compass subsidiary, and its shares were converted into Compass stock and cash for fractional shares.
Sources
8-K, filed Jan 9, 2026
At the Effective Time, in accordance with the terms set forth in the Merger Agreement, each share of common stock, par value $0.01 per…View ↗
Shrinking. Revenue fell 9% in 4 years, from $6.2B in FY2020 to $5.7B in FY2024, about 2% a year.
Added title insurance joint venture
The latest report includes a minority-owned title insurance underwriter joint venture in the Title Group; the older report described a planned sale of the underwriter in exchange for cash and a minority stake in a joint venture.
10-K for FY2021, filed Feb 25, 2022 10-K for FY2024, filed Feb 25, 2025Realogy Franchise Group. Franchises a portfolio of well-known, industry-leading franchise brokerage brands, including Century 21®, Coldwell…View ↗
Anywhere Brands ("Franchise Group")—franchises a portfolio of well-known, industry-leading franchise brokerage brands, including Better…View ↗
Who Do They Compete With?
Competes with HomeServices of America, Howard Hanna Holdings, Compass, Redfin, EXP Realty, Weichert Realtors, RE/MAX International, Keller Williams Realty, HSF Affiliates, Zillow, Realtor.com, Homes.com, Opendoor, and Offerpad
10-K for FY2024, filed Feb 25, 2025We and affiliated franchisees compete for consumer business as well as for independent sales agents with national and regional independent…View ↗
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