eXp(US:EXPI)2025-07-08 07:57Financial Performance - Q2 Revenue reached $1 Billion, a 183% year-over-year increase[12] - Gross Profit for Q2 was $79.9 Million, up 133% year-over-year[12] - Net Income for Q2 was $37.0 Million, a significant 350% year-over-year increase, including a $20.4 million income tax provision benefit[12] - Adjusted EBITDA for Q2 was $27.0 Million, reflecting a 98% year-over-year increase[12] - Operating Cash Flow for Q2 was $60.8 Million, a 185% year-over-year increase[12] Key Metrics - Agent count increased to 58,263, an 87% increase year-over-year[14] - Transaction Units increased to 115,431, a 164% increase year-over-year[14] - Transaction Volume reached $40.1 Billion, a 210% increase year-over-year[14] Strategic Initiatives & Investments - The company declared its first cash dividend of $0.04 per share[19] - A joint venture, SUCCESS® Lending, was established with Kind Lending[19] - Approximately $54.9 million of common stock was repurchased to offset dilution from agent equity plans[19] Agent Value Proposition - eXp agents value ownership (equity, compensation), development, and freedom[23] - eXp Realty brand attributes are perceived as innovative, virtual world, collaborative, and successful[23]