BELLINGHAM, Wash., Sept. 17, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric™ real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that The Impact Group, one of Colorado’s most decorated real estate teams, has joined its growing global network. Based in Denver, Colorado, the 31-agent, four-support-staff team closed $305 million in sales across 429 units in 2024, earning the top spot in the Denver Metro Association of Realtors ...

Core Insights - eXp Realty has welcomed Amy Tapp and her 45-person team, who closed $80 million across 350 transactions in 2024, into its global network [2][3] - Tapp's transition from her independent brokerage to eXp is aimed at enhancing collaboration, leveraging advanced technology, and providing growth opportunities for her team [3][4] - eXp Realty is recognized as the largest independent real estate brokerage globally, with over 82,000 agents across 28 countries, offering industry-leading commission splits and equity ownership opportunities [6] Company Developments - Amy Tapp, a prominent real estate leader in Lubbock, founded Amy Tapp Realty in 2012 and has extensive experience in residential, luxury, land, and investment properties [3][4] - The partnership with eXp allows Tapp to focus on mentoring her agents and expanding her business reach beyond Lubbock, while benefiting from eXp's resources and collaborative culture [4][5] - eXp Realty's model emphasizes agent empowerment through a cloud-based platform, enabling agents to build successful businesses [6][7]

BELLINGHAM, Wash., Sept. 02, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric™ real estate brokerage on the planet” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that the K2 Omni Group, ranked the #1 Zillow Seller Team in the Nation in June 2024, has joined eXp Realty. Founded by Kiki and Kristina Salcido, along with partners Nathan Armstrong and Berenice Holden, the K2 Omni Group closed $105 million in sales volume and 313 transactions in 2024 with only 2 ...

Core Insights - eXp Realty celebrates the formation of Whissel Beer Group, a significant merger of two successful production teams led by industry leaders Kyle Whissel and Daniel Beer [1][2] - The merger is described as one of the largest in real estate history, aligning with eXp Realty's mission to be the most agent-centric brokerage [2] - Whissel Beer Group launches with 160 agents, over 60 staff, and five offices, aiming to create an innovative and scalable company [2][6] Company Overview - Whissel Beer Group is a super team formed by merging Whissel Realty Group and Daniel Beer's team, focusing on empowering agents to enhance client service and business growth [3][4] - The leadership team includes Kyle Whissel (CEO), Daniel Beer (President), and Chris VanderValk (COO), who is instrumental in the merger process [4][5] - The new operational structure is designed to eliminate roadblocks, allowing agents to concentrate on sales and client success [5] Performance Metrics - In 2024, the combined teams achieved nearly $1 billion in sales volume, ranking among the top-producing teams in the nation [3] - Over their careers, the teams have sold more than 9,000 homes, totaling over $7 billion in sales volume [3] - Whissel Beer Group is projecting significant growth in 2025, with plans to expand across California and eventually regionally and nationally [3] Industry Context - eXp Realty is the largest independent real estate brokerage globally, with over 82,000 agents across 28 countries, emphasizing a cloud-based, agent-centric model [7] - The company offers industry-leading commission splits, revenue share, and equity ownership opportunities, fostering a supportive environment for agents [7] - SUCCESS® Enterprises, part of the eXp ecosystem, provides resources for personal and professional development, enhancing agents' skills and business growth [8]

Core Insights - The Victorica Group has returned to eXp Realty after exploring offers from various brokerages, citing alignment with eXp's culture and long-term vision as key factors in their decision [4][6] - The Victorica Group is recognized as the 1 Team in SA-NAHREP, with over 100 agents and a significant production record of 900+ units closed in 2024, totaling over $103 million in sales volume [3][5] - eXp Realty emphasizes a culture that fosters collaboration and innovation, which is increasingly appealing to teams prioritizing long-term growth over short-term gains [5][6] Company Overview - eXp Realty is the largest independent real estate brokerage globally, with over 82,000 agents across 28 countries, offering industry-leading commission splits, revenue share, and equity ownership opportunities [7] - The company operates as a cloud-based, agent-centric brokerage, providing a global network that empowers agents to build successful businesses [7] - eXp World Holdings, Inc. is the parent company of eXp Realty and SUCCESS® Enterprises, which has been a trusted name in personal and professional development since 1897 [7]

Core Insights - eXp Realty has welcomed top-producing Southern California agent Vivian Lesny to its global network, highlighting its commitment to agent-centric growth and community engagement [1][3] - Lesny achieved over $70 million in sales in 2024 and has a strong track record with more than 88 transactions in a single year, ranking highly among NAHREP's Top Latino Agents [1][3] - The company emphasizes its unique capped commission model and community support as key differentiators that attract high-performing agents like Lesny [4][5] Company Overview - eXp World Holdings, Inc. is the parent company of eXp Realty and SUCCESS® Enterprises, operating as a cloud-based brokerage with over 82,000 agents across 28 countries [6] - eXp Realty is recognized as the largest independent real estate brokerage globally, offering agents competitive commission splits, revenue sharing, and equity ownership opportunities [6] - SUCCESS® Enterprises provides agents with resources for personal and professional development, enhancing their skills and business growth [7]

Core Insights - eXp World reported Q2 2025 revenue of $1.31 billion, slightly above analyst estimates, but EPS fell to $(0.01), missing expectations of $0.10 [1][2] - The company experienced modest revenue growth of 0.8% year-over-year, but profitability declined significantly due to increased operational costs and a net loss of $2.3 million [5][6] Financial Performance - Revenue (GAAP) for Q2 2025 was $1.31 billion, compared to $1.30 billion in Q2 2024, reflecting a 0.8% increase [2] - EPS (GAAP) was $(0.01), down from $0.08 in Q2 2024, marking a 112.5% decline [2] - Adjusted EBITDA fell 65.9% year-over-year to $11.2 million from $32.8 million [2][5] - Adjusted operating costs increased by 20% to $95.0 million due to investments in technology and operational streamlining [5] Business Model and Strategy - eXp World operates as a cloud-based real estate brokerage, focusing on technology to connect agents globally, which allows for scalability and cost benefits [3] - The company is concentrating on five key areas: technology platform development, international expansion, agent-centric programs, regulatory compliance, and sustainability [4] Operational Metrics - The number of agents and brokers decreased by 5% to 82,704, while total real estate transactions fell by 2% to 118,612 [6] - Despite lower agent counts, real estate sales volume increased by 1% to $52.5 billion, indicating higher productivity per agent [6] Cash Flow and Capital Expenditures - Cash and cash equivalents decreased from $108.4 million to $94.6 million due to a $17.0 million antitrust settlement and increased operational costs [7][10] - Adjusted operating cash flow dropped 77.8% year-over-year to $13.4 million [7][10] - Total assets rose to $481.2 million, with equity at $218.4 million as of June 30, 2025 [11] Future Outlook - Management did not provide specific financial guidance but emphasized long-term growth through technology and international expansion [12] - Key trends to monitor include agent productivity, cost management, and performance in international markets [13]

Company Performance - eXp World Holdings (EXPI) reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.12 per share, and down from $0.08 per share a year ago, representing an earnings surprise of -50.00% [1] - The company posted revenues of $1.31 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.78%, compared to revenues of $1.3 billion a year ago [2] - Over the last four quarters, eXp World Holdings has not surpassed consensus EPS estimates, and it has topped consensus revenue estimates two times [2] Stock Outlook - eXp World Holdings shares have lost about 5.8% since the beginning of the year, while the S&P 500 has gained 8.2% [3] - The current consensus EPS estimate for the coming quarter is $0.09 on $1.21 billion in revenues, and for the current fiscal year, it is $0.22 on $4.53 billion in revenues [7] - The estimate revisions trend for eXp World Holdings was unfavorable ahead of the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Real Estate - Operations industry, to which eXp World Holdings belongs, is currently in the top 32% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]

Financial Data and Key Metrics Changes - The company generated $1.3 billion in revenue for Q2 2025, reflecting a 59% year-over-year growth driven by a 9% increase in agents globally and improved agent productivity [24][28] - Non-GAAP gross margin was 12%, while GAAP gross margin decreased by 40 basis points to 7.1% due to more productive agents reaching their cap [29] - Adjusted EBITDA was $11.2 million, down year-over-year, influenced by lower gross margins and strategic investments [29] Business Line Data and Key Metrics Changes - The North America Realty segment generated $1.3 billion in revenue with an adjusted EBITDA of $19.8 million, while international revenue grew 59% year-over-year [30][31] - The number of agents decreased by 5% year-over-year to 82,704, but there was a 1% quarter-over-quarter increase [29] Market Data and Key Metrics Changes - The company saw a 1% year-over-year increase in real estate sales volume, attributed to rising home sales prices and increased agent productivity, despite a 2% decrease in sales transactions [28] Company Strategy and Development Direction - The company is focused on attracting productive agents and enhancing its value proposition, with a goal to grow its agent base to 50,000 across 50 countries by 2030 [27][28] - New programs launched include a CRM of choice program, a cosponsor program, and an eXp land and ranch program, aimed at increasing agent productivity and retention [11][12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the U.S. real estate market, anticipating flat transaction counts year-over-year due to macroeconomic conditions [52] - The company is adapting to the current market downturn by focusing on attracting high-performing agents and enhancing its operational efficiency [54][85] Other Important Information - The company hosted significant in-person events, including eXp Con in Barcelona, which saw a 175% increase in registrants year-over-year, emphasizing the importance of agent connections and culture [26][19] - The company is leveraging AI and automation to enhance productivity and streamline operations, with a focus on integrating advanced tools into its platform [34][35] Q&A Session Summary Question: Can you describe how agents are leveraging success to grow their business? - The company has integrated additional content and courses into Success Plus, providing agents with valuable resources for personal development and real estate training [46][47] Question: What are your thoughts on the U.S. real estate market? - Management is cautiously optimistic, expecting flat transaction counts and focusing on attracting productive agents despite macroeconomic challenges [52][54] Question: How important are eXp's in-person events for attracting and retaining agents? - In-person events are crucial for building relationships and culture, with a significant percentage of guests attending events ultimately joining the company [56][59] Question: What is your main focus managing international growth? - The focus is on growing a base of productive agents and ensuring they have the necessary resources to succeed, with a recent successful launch in Japan [61][62] Question: Can you discuss what's impacting the second quarter gross margin? - The gross margin was impacted by more productive agents reaching their cap, which is welcomed as it enhances agent retention and stickiness [64][66]

Core Viewpoint - eXp World Holdings, Inc. continues to demonstrate resilience and growth in a dynamic real estate environment, driven by its agent-first model and commitment to innovation, with a focus on expanding its international business and enhancing the SUCCESS brand [2][8]. Financial Highlights - Revenue increased by 1% to $1.3 billion compared to the same period last year [8]. - The company reported a net loss of $(2.3) million, translating to a net loss per diluted share of $(0.01) [8]. - Total operating expenses rose to $1.31 billion from $1.28 billion, with adjusted operating costs increasing by 20% to $95.0 million [8]. - Adjusted EBITDA was reported at $11.2 million [8]. - Cash and cash equivalents totaled $94.6 million as of June 30, 2025, down from $108.4 million a year earlier [8]. - The company distributed $32.6 million to shareholders, including $24.9 million in common stock repurchases and $7.7 million in cash dividends [8]. Operational Highlights - eXp Realty has over 82,000 agents across 28 countries, making it the largest independent real estate brokerage globally [7]. - The global agent Net Promoter Score (aNPS) increased to 77, up from 76 in the prior-year period, indicating improved agent satisfaction [8]. - The number of agents and brokers on the eXp Realty platform decreased by 5% to 82,704 as of June 30, 2025 [8]. - Real estate sales transactions decreased by 2% to 118,612 in the second quarter of 2025, while real estate sales volume increased by 1% to $52.5 billion [8]. Strategic Focus - The company is committed to enhancing the agent value stack and ongoing programs like the co-sponsor initiative to attract top agents and teams [2]. - Glenn Sanford, the Founder and CEO, is shifting focus to SUCCESS® Enterprises to expand its brand and drive value for agents and shareholders [2].