Segment Reporting and Revenue (Tables)

6 Months Ended

Jun. 30, 2019

Information on each of the reportable and other segments and reconciliation to consolidated net loss is as follows:



	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Real estate services
Brokerage revenue	$	145,399		$	123,355		$	226,713		$	193,498
Partner revenue	7,447			7,503			12,023			12,285
Total real estate services revenue	152,846			130,858			238,736			205,783
Cost of revenue	103,616			85,337			184,399			153,501
Gross profit	49,230			45,521			54,337			52,282
Properties
Revenue	39,908			8,986			61,281			12,038
Cost of revenue	40,906			9,088			63,898			12,430
Gross profit	(998		)	(102		)	(2,617		)	(392		)
Other
Revenue	5,281			2,798			8,329			4,715
Cost of revenue	5,167			3,004			8,948			5,695
Gross profit	114			(206		)	(619		)	(980		)
Intercompany eliminations
Revenue	(255		)	—			(424		)	—
Cost of revenue	(255		)	—			(424		)	—
Gross profit	—			—			—			—
Consolidated
Revenue	197,780			142,642			307,922			222,536
Cost of revenue	149,434			97,429			256,821			171,626
Gross profit	48,346			45,213			51,101			50,910
Operating expenses	60,767			42,756			130,972			85,628
Interest income	1,913			729			4,229			1,307
Interest expense	(2,153		)	—			(4,290		)	—
Other income, net	36			21			128			179
Net income (loss)	$	(12,625	)	$	3,207		$	(79,804	)	$	(33,232	)

The following table presents the detail of accrued revenue for the periods presented:



	Six Months Ended June 30,
	2019			2018
Accrued revenue	$	38,902		$	19,036
Less: Allowance for doubtful accounts	(216		)	(134		)
Accrued revenue, net	$	38,686		$	18,902

The following table presents the activity in the allowance for doubtful accounts for the period presented: