eXp Fourth Quarter Revenue Rises to 1.1 Billion; Agent Count Falls 5 Percent
BELLINGHAM, Wash., February 20, 2025 --
eXp World Holdings, parent of eXp Realty, reported fourth-quarter 2024 revenue of 1.1 billion dollars and a net loss of 9.5 million dollars, or 0.06 dollars per diluted share, including a 4.9 million dollar impairment charge on its SUCCESS Enterprises unit. Adjusted EBITDA was 7.7 million dollars. Transaction volume rose 17 percent to 45.3 billion dollars, while agents and brokers on the platform fell 5 percent to 82,980.
For the full year, revenue rose 7 percent to 4.6 billion dollars and the company posted a net loss of 21.3 million dollars, including 34.0 million dollars tied to its antitrust litigation accrual. It returned 171.2 million dollars to shareholders through buybacks and dividends and ended the year with 113.6 million dollars in cash.
Founder and Chief Executive Glenn Sanford highlighted 1.8 million shares issued to agents in 2024, and eXp Realty Chief Executive Leo Pareja said 2025 would be a year of bold moves. The board declared a 0.05 dollar quarterly dividend.
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