What was the net income (loss) for Corcoran in 2024?

According to Corcoran's 2025 Franchise Disclosure Document, the company experienced a net loss of $127 for the year ended December 31, 2024. This figure is part of the operating activities section, providing a summary of the company's financial performance. It's important to note that this is a net loss, indicating that Corcoran's expenses exceeded its revenues during this period.

Understanding the context of this net loss is crucial for prospective franchisees. The document provides additional details regarding adjustments made to reconcile the net loss to net cash provided by or used in operating activities. These adjustments include items such as depreciation and amortization ($198), deferred income taxes (-$2), impairments ($20), and other adjustments. These figures offer insights into the non-cash expenses and other factors influencing the company's cash flow.

For a potential franchisee, this information highlights the importance of further investigation into Corcoran's financial health and the factors contributing to its net losses. It would be prudent to discuss these figures with the franchisor to understand the strategies in place to improve profitability and ensure long-term financial stability. Additionally, reviewing previous years' financial statements and understanding the trends in net income or loss can provide a more comprehensive picture of the company's financial performance.