Anywhere Real Estate | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 1.626 B

Revenue: As of FY2025 Q3, the actual value is USD 1.626 B, beating the estimate of USD 1.56 B.

EPS: As of FY2025 Q3, the actual value is USD -0.12, missing the estimate of USD 0.1384.

EBIT: As of FY2025 Q3, the actual value is USD 77 M.

Financial Metrics by Segment

Revenue

• Generated Revenue of $1.6 billion, an increase of $91 million year-over-year.

Net Income

• Reported Net Loss attributable to Anywhere of $13 million, a decline of $20 million year-over-year.
• Adjusted Net Income decreased $16 million to zero versus third quarter of 2024.

Operating EBITDA

• Operating EBITDA of $100 million, inclusive of the $24 million expense related to mark-to-market cash-settled restricted stock unit awards.

Cash Flow

• Free Cash Flow of $92 million in the third quarter of 2025 versus $99 million for the corresponding quarter last year.
• Net cash provided by operating activities was $118 million, compared to $120 million in the same period last year.

Operational Metrics

• Combined closed transaction volume for the quarter increased 7% year-over-year, with units up 2% and price up 5%.
• Continued strength in luxury with Coldwell Banker Global Luxury, Corcoran, and Sotheby’s International Realty brands significantly outperforming the market, with closed transaction volume increasing 12% year-over-year.
• September open volume increased 9% year-over-year. This upward trend continued into October, with closed volume increasing by 9% and open volume increasing 6%, as of October 27.
• Welcomed 13 new US franchisees and one new international expansion to our high-margin franchise network in the third quarter.
• Realized cost savings of $28 million in the third quarter of 2025 and on track to deliver $100 million for full year 2025. Implemented additional temporary cost controls that generated $6 million in savings in the third quarter of 2025.

Balance Sheet

• Total corporate debt, including the short-term portion, net of cash and cash equivalents (net corporate debt), totaled $2.5 billion at September 30, 2025.
• The Company ended the quarter with cash and cash equivalents of $139 million.
• The Company’s Senior Secured Leverage Ratio was 0.85x at September 30, 2025.
• The Company’s Net Debt Leverage Ratio was 6.7x at September 30, 2025.
• As of November 3, 2025, the Company had $425 million of outstanding borrowings under its Revolving Credit Facility.

Outlook / Guidance

• Due to the proposed merger with Compass, the Company is suspending its forward guidance and will no longer provide an update on how it is tracking towards its prior guidance.