eXp World Holdings Reports Q3 2025 Results

Core Insights - eXp World Holdings, Inc. reported strong third-quarter results, highlighting the effectiveness of its agent-centric model and ongoing innovation in the real estate sector [2][8] - The company emphasizes its commitment to enhancing agent value and satisfaction, which is crucial for its growth and performance [2][8] Financial Highlights - Revenue increased by 7% to $1.3 billion compared to the same period last year [8] - Net income for the quarter was $3.5 million, translating to a net income per diluted share of $0.02 [8] - Total operating expenses rose to $1.3 billion from $1.2 billion, with adjusted operating costs increasing by 5% to $82.2 million [8][15] - Adjusted EBITDA was reported at $17.7 million [8] - Cash and cash equivalents stood at $112.8 million as of September 30, 2025 [8] Operational Highlights - The number of agents and brokers on the eXp Realty platform decreased by 2% to 83,446 [8] - Real estate sales transactions increased by 3% to 121,516, while sales volume rose by 7% to $54.1 billion [8] - The global agent Net Promoter Score (aNPS) was 75, slightly down from 76 in the previous year, indicating a focus on improving agent experience [8] Strategic Focus - The company aims to leverage technology, particularly AI, to enhance operational efficiency and differentiate itself in the evolving real estate landscape [2][8] - eXp World Holdings continues to position itself as a leading platform for real estate agents, emphasizing flexibility and comprehensive resources for agent success [2][8]