eXp World Holdings Reports Q2 2025 Results

eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, announced financial results for the second quarter ended June 30, 2025.

“eXp was built by agents, for agents and that foundation continues to fuel our momentum,”

said Leo Pareja, CEO of eXp Realty.

“Our continued investments in the agent value stack and ongoing programs like the co-sponsor initiative are resonating with the best agents and teams in the industry. By putting innovation and agent opportunity at the core of everything we do, we’re not only attracting the most productive agents in the industry, we’re shaping a more transparent, competitive, and agent-empowered future for real estate.”

Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings added:

“eXp continues to demonstrate remarkable resilience in a dynamic real estate environment, underpinned by our agent-first model and commitment to innovation.”

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

• Revenue increased 1% to $1.3 billion.
• Net loss of $(2.3) million and net loss per diluted share of $(0.01).
• Total operating expenses increased to $1.31 billion from $1.28 billion. Excluding commissions and other agent-related costs, adjusted operating costs were $95.0 million, a 20% increase compared to the second quarter of 2024. This increase was driven by strategic investments to streamline operations and severance.
• Adjusted EBITDA (a non-GAAP financial measure) of $11.2 million.
• As of June 30, 2025, cash and cash equivalents totaled $94.6 million, compared to $108.4 million as of June 30, 2024. This reflects the Company’s payment of the first $17.0 million installment related to its $34.0 million antitrust litigation settlement during the fiscal quarter ended June 30, 2025.
• Net cash provided by operating activities of $36.1 million.
• Adjusted operating cash flow (a non-GAAP financial measure) of $13.4 million.
• Distributed $32.6 million to shareholders, including $24.9 million of common stock repurchases and $7.7 million of cash dividends.
• The Company paid a cash dividend for the second quarter of 2025 of $0.05 per share of common stock on June 4, 2025. On July 24, 2025, the Company’s Board of Directors declared a cash dividend of $0.05 per share of common stock for the third quarter of 2025, expected to be paid on August 29, 2025 to stockholders of record on August 15, 2025.

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

• eXp ended the second quarter of 2025 with a global agent Net Promoter Score (“aNPS”) of 77, up from 76 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 82,704 as of June 30, 2025.
• Real estate sales transactions decreased (2)% to 118,612 in the second quarter of 2025.
• Real estate sales volume increased 1% to $52.5 billion in the second quarter of 2025.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) (the “Company”) is the holding company for eXp Realty^® and SUCCESS^® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 82,000 agents across 28 countries. 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.  For more information about eXp World Holdings, Inc., visit: expworldholdings.com

SUCCESS^® Enterprises, anchored by SUCCESS^® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit success.com.