eXp(EXPI) - 2025 Q3 - Quarterly Results

Financial Performance - Revenue increased by 7% to $1.3 billion compared to the same period last year[6] - Net income for Q3 2025 was $3.5 million, with a net income per diluted share of $0.02[6] - Adjusted EBITDA for the quarter was $17.7 million[6] - The company reported a net loss of $9,818 for the nine months ended September 30, 2025, an improvement from a net loss of $11,762 in 2024[27] Operating Costs and Cash Flow - Adjusted operating costs were $82.2 million, reflecting a 5% increase driven by strategic investments[6] - Net cash provided by operating activities was $28.9 million[6] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $104,817, down 41.0% from $177,800 in 2024[27] - Adjusted operating cash flow for the three months ended September 30, 2025, was $45,430, a decrease of 30.6% compared to $65,435 in 2024[24] Real Estate Performance - Real estate sales transactions increased by 3% to 121,516 in Q3 2025[10] - Real estate sales volume rose by 7% to $54.1 billion in Q3 2025[10] Shareholder Returns - The company distributed $24.1 million to shareholders, including $16.4 million in stock repurchases and $7.7 million in cash dividends[10] - The company incurred $46,227 in common stock repurchases during the nine months ended September 30, 2025, compared to $116,281 in 2024[27] Assets and Liabilities - Total current assets increased to $323,148 as of September 30, 2025, from $267,972 as of December 31, 2024, representing a growth of 20.6%[26] - Accounts receivable, net of allowance for credit losses, rose to $123,766 as of September 30, 2025, compared to $87,692 in 2024, an increase of 41.0%[26] - Total liabilities increased to $223,478 as of September 30, 2025, from $185,853 as of December 31, 2024, reflecting a rise of 20.2%[26] - Cash and cash equivalents, along with restricted cash, totaled $186,381 at the end of the period, down from $195,740 in 2024[27] - Customer deposits increased to $73,465 as of September 30, 2025, compared to $55,660 in 2024, marking a rise of 32.0%[26] - The company’s total equity grew to $235,265 as of September 30, 2025, from $204,869 in 2024, an increase of 14.8%[26] Customer Satisfaction - The global agent Net Promoter Score (aNPS) was 75, down from 76 in the prior-year period[10]