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Segment Reporting and Revenue
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Reporting and Revenue Segment Reporting and Revenue
In operation of the business, our management, including our chief operating decision maker ("CODM"), who is also our chief executive officer, evaluates the performance of our operating segments based on revenue and gross profit. We do not analyze discrete segment balance sheet information related to long-term assets, substantially all of which are located in the United States. All other financial information is presented on a consolidated basis. We have six operating segments and three reportable segments, real estate services, properties, and rentals. As a result of our acquisition of RentPath, we added the rentals segment and determined it is a reportable segment because RentPath met the quantitative thresholds under ASC 280, Segment Reporting. Our CODM evaluates the rentals segment as a stand-alone business; accordingly, we are separately reporting the segment's operating expenses from our consolidated operating expenses.

We generate revenue primarily from commissions and fees charged on each real estate services transaction closed by our lead agents or partner agents, from the sale of homes, and from subscription-based product offerings for our rentals business. Our key revenue components are brokerage revenue, partner revenue, properties revenue, rentals revenue, and other revenue.
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,
2021202020212020
Revenue
Real estate services (brokerage)$237,511 $128,543 $393,957 $230,894 
Real estate services (partner)14,688 6,506 26,851 12,791 
Properties172,445 72,184 265,171 151,282 
Rentals42,548 — 42,548 — 
Other8,521 7,246 17,878 11,496 
Intercompany eliminations(4,398)(814)(6,771)(1,803)
Total$471,315 $213,665 $739,634 $404,660 
Cost of revenue
Real estate services164,125 88,799 292,342 182,361 
Properties167,420 73,348 258,551 152,647 
Rentals7,570 — 7,570 — 
Other10,462 6,293 19,448 12,537 
Intercompany eliminations(4,398)(814)(6,771)(1,803)
Total$345,179 $167,626 $571,140 $345,742 
Gross profit
Real estate services88,074 46,250 128,466 61,324 
Properties5,025 (1,164)6,620 (1,365)
Rentals34,978 — 34,978 — 
Other(1,941)953 (1,570)(1,041)
Total$126,136 $46,039 $168,494 $58,918 
Real estate services, properties, and other operating expenses107,788 50,465 184,658 120,774 
Rentals operating expenses48,665 — 48,665 — 
Interest income135 437 293 1,540 
Interest expense(2,813)(2,665)(4,151)(5,109)
Income tax benefit5,052 — 5,052 — 
Other income (expense), net65 43 (27)(1,303)
Net loss$(27,878)$(6,611)$(63,662)$(66,728)