eXp World Holdings Reports $954.9M in Q1 2025 Revenue

eXp World Holdings (Nasdaq: EXPI), the parent company of  eXp Realty, announced financial results for the first quarter ended March 31, 2025.

“We’re entering 2025 from a position of strength. eXp has built one of the most comprehensive, tech-enabled agent value stack in the industry – one that’s driving record International agent productivity and empowering entrepreneurs at scale,”

said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings.

“This quarter alone, we more than doubled our international revenue year-over-year and expanded our footprint into Perú and Türkiye, further proving that our agent-first model transcends borders. Agent success has always been the foundation of eXp’s strategy – and in 2025, we plan to double down with enhanced tech, smarter training, and even more pathways to help agents close more deals, build generational wealth, and create the freedom they deserve.”

First Quarter 2025 Consolidated Financial Highlights as Compared to the Same Year-Ago Period:

• Revenue increased 1% to $954.9 million.
• Net loss of $(11.0) million and loss per diluted share of $(0.07).
• Adjusted EBITDA (a non-GAAP financial measure) of $2.2 million.
• As of March 31, 2025, cash and cash equivalents totaled $115.7 million, compared to $109.2 million as of March 31, 2024.
• Net cash provided by operating activities of $39.8 million
• Adjusted operating cash flow² (a non-GAAP financial measure) of $28.2 million.
• Distributed $12.6 million to shareholders, including $5.0 million of common stock repurchases and $7.6 million of cash dividends.
• The Company paid a cash dividend for the first quarter of 2025 of $0.05 per share of common stock on March 19, 2025. On May 5, 2025, the Company’s Board of Directors declared a cash dividend of $0.05 per share of common stock for the first quarter of 2025, expected to be paid on June 4, 2025 to stockholders of record on May 19, 2025.

First Quarter 2025 Operational Highlights as Compared to the Same Year-Ago Period:

• eXp ended the first quarter of 2025 with a global agent Net Promoter Score (“aNPS”) of 78, up from 73 in the prior-year period. aNPS is a measure of agent satisfaction and an important key performance indicator given the Company’s intense focus on improving the agent experience.
• Agents and brokers on the eXp Realty platform decreased 5% to 81,904 as of March 31, 2025.
• Real estate sales transactions decreased 2% to 89,643 in the first quarter of 2025.
• Real estate sales volume increased 4% to $38.6 billion in the first quarter of 2025.

“The real estate industry is at a pivotal crossroads, and eXp is proudly leading the charge to protect transparency, consumer choice, and healthy competition – values that have defined our marketplace for decades,”

said Leo Pareja, CEO of eXp Realty.

“eXp was built by agents, for agents, and we continue to raise the bar. Recently, we launched the industry’s first open-sourced seller advisory form and were the first to partner with Zillow to support consumer transparency. With the rollout of our co-sponsor program, we’ve also unlocked new income pathways for agents. As we look forward, we’re not just defending our industry – we’re building the future of it, with our agents at the center.”

About eXp World Holdings, Inc.

eXp World Holdings (Nasdaq: EXPI) is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with nearly 83,000 agents across 25 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses.