eXp(US:EXPI)2025-11-06 22:00Financial Performance - Q1 2025 revenue reached $954.9 million, a 1% increase year-over-year[132] - Non-GAAP gross margin was 13%, a decrease of 70 basis points year-over-year[132] - Adjusted EBITDA was $2.2 million, an 80% decrease year-over-year[132] - Cash and equivalents totaled $115.7 million, a 6% increase year-over-year[132] - The company reported a net loss of $(11024) thousand[174] Operational Metrics - The agent count was 81,904, a 5% decrease year-over-year[132] - Real estate sales volume was $38.6 billion, a 4% increase year-over-year[132] - Real estate sales transactions numbered 89.6K, a 2% decrease year-over-year[132] Segment Results - North American Realty revenue was $923.0 million, a 0% variance year-over-year, with an adjusted EBITDA of $7.7 million, a -57% variance year-over-year[136] - International Realty revenue was $31.7 million, a 103% increase year-over-year, with an adjusted EBITDA of $(1.6) million, a 52% variance year-over-year[136] International Expansion - The company is focused on reaching 50,000 international agents in 50 countries by 2030 through strategic launches and leadership investments[28] - Peru and Türkiye were launched in March and April 2025, respectively[32, 39]