Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

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Revenue Recognition
9 Months Ended
Sep. 30, 2021
Revenue Recognition [Abstract]  
Revenue Recognition 10. Revenue Recognition

The table below sets forth the Company’s revenue disaggregated by category (in thousands):

For the Three Months Ended

For the Nine Months Ended

September 30,

September 30,

2021

2020

2021

2020

Trade sales - wholesale

$

37,395

22,256

$

117,555

61,529

Trade sales - retail

30,058

13,436

42,344

38,099

Sales of real estate inventory

21,849

4,970

47,774

14,248

Revenue from customers

89,302

40,662

207,673

113,876

Interest income

1,506

387

4,823

586

Net gains on sales of real estate assets

129

164

438

130

Other revenue

854

992

2,450

2,398

Total revenues

$

91,791

42,205

$

215,384

116,990

As of September 30, 2021 and December 31, 2020, the Company’s other assets in its condensed consolidated statements of financial condition included $14.3 million and $2.9 million of estimated variable consideration related to the contingent purchase price due from homebuilders in connection with the sale of real estate inventory to the homebuilders. As of September 30, 2021, the Company’s other liabilities in its condensed consolidated statements of financial condition included $0.6 million of variable consideration related to the estimated contingent purchase price due to a homebuilder in connection with the sale of real estate inventory to the homebuilder.