eXp World Holdings (EXPI) Company Report

eXp World Holdings reported $4.8 billion in revenue for fiscal year 2025, a 4% year-over-year increase, with Q4 2025 revenue accelerating to $1.2 billion, up 9% year-over-year. The company ended 2025 with a cash position of $124.2 million.
The company ended 2025 with 83,060 agents worldwide and achieved a 17% year-over-year reduction in worldwide agent attrition in Q4 2025. International revenue grew 67% year-over-year to $147 million in 2025, with expansion into 7 new countries.
For Q1 2026, eXp expects revenue between $960 million and $980 million and adjusted EBITDA between $2 million and $5 million. The company projects full-year 2026 revenue to be between $4.85 billion and $5.15 billion, with adjusted EBITDA between $50 million and $75 million.
Strategic initiatives in 2025 included launching co-sponsorship programs, a commercial division in the U.K., and specialization markets, alongside an AI Accelerator series and Fast Attract program to boost agent productivity and retention. The company is also developing the eXp Hub community platform and a Marketplace App Store.

4 days ago

Transcript

eXp World Holdings Announces Q4 and Full-Year 2025 Results

EXPI

Earnings

Demand Weakening

Profit Warning

eXp World Holdings reported a net loss from continuing operations of $(12,896) thousand for Q4 2025, which widened from a $(8,243) thousand net loss in Q4 2024.
Consolidated adjusted EBITDA for Q4 2025 was $2,103 thousand, a decrease from $7,686 thousand in Q4 2024.
For the full year 2025, the company's net loss from continuing operations was $(22,714) thousand, compared to a $(16,788) thousand net loss in 2024, while consolidated adjusted EBITDA decreased to $33,172 thousand from $75,483 thousand in 2024.
Adjusted EBITDA is utilized as a non-GAAP financial measure to enhance understanding of financial performance by excluding specific expenses like stock-based compensation and depreciation.

4 days ago

Presentation

eXp World Holdings Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook

EXPI

Earnings

Guidance Update

Revenue Acceleration/Inflection

eXp World Holdings reported $4.8 billion in revenue for full year 2025, a 4% year-over-year increase, with Q4 revenue accelerating to $1.2 billion, up 9% year-over-year. Adjusted EBITDA for 2025 was $33.2 million.
The company ended 2025 with 83,060 agents worldwide. Agent productivity increased 6% year-over-year in Q4 and 9% for the full year 2025, with productivity per person at 5.3.
Worldwide agent attrition improved 17% year-over-year in Q4 2025, and U.S. agent attrition improved 23% year-over-year.
International revenue grew 67% year-over-year to $147 million in 2025, driven by expansion into 7 new countries.
For 2026, the company expects revenue between $4.85 billion and $5.15 billion and Adjusted EBITDA between $50 million and $75 million.

4 days ago

Transcript

eXp World Holdings Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook

EXPI

Earnings

Guidance Update

New Projects/Investments

eXp World Holdings reported $4.8 billion in revenue for the full year 2025, an increase of 4% year-over-year, with Q4 2025 revenue accelerating to $1.2 billion, up 9% year-over-year.
The company ended 2025 with 83,060 agents worldwide and improved agent retention, with worldwide agent attrition improving 17% year-over-year and U.S. attrition improving 23% year-over-year.
International revenue grew 67% year-over-year to $147 million in 2025, driven by expansion into 7 new countries.
For 2026, the company expects full-year revenue between $4.85 billion and $5.15 billion and adjusted EBITDA between $50 million and $75 million, with a focus on leveraging AI and technology investments for margin expansion.

4 days ago

Transcript

eXp World Holdings Reports Q4 and Full-Year 2025 Results

EXPI

Earnings

Guidance Update

Share Buyback

eXp World Holdings reported full-year 2025 revenue of $4.8 billion and a net loss of $(22.7) million, with adjusted EBITDA of $33.2 million.
The company ended 2025 with 83,060 agents and brokers on its platform and saw full-year real estate sales volume increase 5% to $194.0 billion.
eXp distributed $87.0 million to shareholders in fiscal 2025, including $56.2 million in common stock repurchases and $30.8 million in cash dividends.
For full-year 2026, the company expects revenue between $4.85 billion and $5.15 billion and adjusted EBITDA between $50 million and $75 million.

4 days ago

Press Release

eXp World Holdings Reports Q4 and Full-Year 2025 Results

EXPI

Earnings

Guidance Update

Dividends

For the full year 2025, revenue increased 4% to $4.8 billion, with a net loss of $(22.7) million and adjusted EBITDA of $33.2 million. In Q4 2025, revenue was $1.2 billion, net loss was $(12.9) million, and adjusted EBITDA was $2.1 million.
As of December 31, 2025, cash and cash equivalents totaled $124.2 million. The company distributed $87.0 million to shareholders in fiscal 2025, including $56.2 million in common stock repurchases and $30.8 million in cash dividends. A Q1 2026 cash dividend of $0.05 per share was declared.
The number of agents and brokers on the eXp Realty platform reached 83,060 as of December 31, 2025. Full-year 2025 real estate sales transactions increased 1% to 440,163, and sales volume increased 5% to $194.0 billion.
For Q1 2026, revenue is projected between $960 million and $980 million, with adjusted EBITDA between $2 million and $5 million. Full-year 2026 revenue is expected to be between $4.85 billion and $5.15 billion, and adjusted EBITDA between $50 million and $75 million.

4 days ago

8-K

eXp World Holdings Discusses Cloud-Based Platform, International Expansion, and Financial Strategy at 2025 Stevens Conference

EXPI

New Projects/Investments

Share Buyback

Revenue Acceleration/Inflection

eXp World Holdings operates as a cloud-based real estate brokerage and technology platform, currently supporting 83,000-84,000 agents across 28 countries, and aims to disrupt traditional bricks-and-mortar models.
The company is strategically focused on international expansion, with a goal of 50,000 agents in 50 countries by 2030, viewing it as a "blue ocean" opportunity where it currently runs "unopposed internationally".
eXp prioritizes attracting productive, team-based agents due to their higher stickiness and productivity, and reported net income in the last quarter, having returned over $800 million to shareholders through buybacks and dividends.
The company is leveraging technology, including AI, to improve operational efficiency, with transaction processing costs declining 15% sequentially and G&A expected to remain constant, while continuing to invest in its platform.

Nov 20, 2025, 5:00 PM

Transcript

eXp World Holdings Discusses International Growth and Technology Platform at Stephens Conference

EXPI

Revenue Acceleration/Inflection

New Projects/Investments

Share Buyback

eXp World Holdings (EXPI) operates as a cloud-based real estate brokerage and technology platform, having grown to 83,000-84,000 agents across 28 countries.
The company's international segment has surpassed $100 million in revenue, marking a 68% year-over-year growth, and is a key focus for future expansion with a refined, cost-effective market entry playbook.
eXp has returned over $800 million to shareholders through buybacks and dividends and is investing in AI and in-house technology to enhance its platform.
Management is "pessimistically prepared" for a flat housing market but is focused on increasing productive agent count and expanding market share.

Nov 20, 2025, 5:00 PM

Transcript

eXp World Holdings Discusses Growth, Technology, and International Expansion

EXPI

Revenue Acceleration/Inflection

New Projects/Investments

Share Buyback

eXp World Holdings, a cloud-based real estate brokerage, has expanded to approximately 83,000-84,000 agents in 28 countries.
The company positions itself as a technology platform, utilizing tools like Frame VR (a metaverse platform) for community and collaboration, and developing AI-powered internal tools.
eXp has returned over $800 million to shareholders via buybacks and dividends, while prioritizing capital deployment into AI and international expansion.
International expansion is a significant growth driver, with the company aiming for 50,000 agents in 50 countries by 2030 and having reduced the cost to enter new markets to $100,000-$150,000.
The company has improved agent attrition by 18% year-over-year, with highly productive teams (over 21 transactions) exhibiting a low 2% annualized churn.

Nov 20, 2025, 5:00 PM

Transcript

eXp World Holdings Announces Q1 2025 Financial and Operational Results

EXPI

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

eXp World Holdings reported Q1 2025 revenue of $954.9 million, a 1% increase year-over-year, with a net loss of $(11.0) million and Adjusted EBITDA of $2.2 million, which was an 80% decrease year-over-year.
Operational highlights for Q1 2025 included 81,904 agents (down 5% year-over-year), $38.6 billion in real estate sales volume (up 4% year-over-year), and 89.6 thousand real estate sales transactions (down 2% year-over-year).
International revenue grew significantly by 103% in Q1 2025, with new operations launching in Peru, T\u00fcrkiye, and Egypt during 2025.
eXp Realty was recognized as #1 in U.S. Transactions.