eXp World Holdings Reports Q1 2025 Results

Core Insights - eXp World Holdings, Inc. reported a 1% increase in revenue to $954.9 million for Q1 2025, with a net loss of $11.0 million and an adjusted EBITDA of $2.2 million [4][10][21]. Financial Highlights - Revenue for Q1 2025 was $954.9 million, up from $943.1 million in Q1 2024 [4][20]. - The company experienced a net loss of $11.0 million, translating to a loss per diluted share of $0.07 [4][20]. - Adjusted EBITDA was reported at $2.2 million, a significant decrease from $11.0 million in the same period last year [4][21]. - Cash and cash equivalents increased to $115.7 million from $109.2 million year-over-year [4][20]. - The company distributed $12.6 million to shareholders, including $5.0 million in stock repurchases and $7.6 million in cash dividends [4][5]. Operational Highlights - The global agent Net Promoter Score (aNPS) improved to 78, up from 73 in the prior year, indicating enhanced agent satisfaction [10]. - The number of agents and brokers on the eXp Realty platform decreased by 5% to 81,904 as of March 31, 2025 [10]. - Real estate sales transactions fell by 2% to 89,643, while sales volume increased by 4% to $38.6 billion [10]. Strategic Initiatives - eXp is expanding its international presence, having entered new markets in Perú and Türkiye, and reported more than doubled international revenue year-over-year [3][4]. - The company launched the first open-sourced seller advisory form in the industry and partnered with Zillow to enhance consumer transparency [3]. - eXp plans to enhance technology, training, and income pathways for agents to support their success and growth [3].