eXp Second Quarter Revenue Rises 1 Percent to 1.3 Billion as Agent Count Falls 5 Percent; Sanford Shifts Focus to SUCCESS

BELLINGHAM, Wash. -- July 31, 2025

eXp World Holdings reported second-quarter 2025 revenue of 1.3 billion dollars, up 1 percent from a year earlier, and a net loss of 2.3 million dollars, or 0.01 dollars per share. Adjusted EBITDA was 11.2 million dollars. Adjusted operating costs, excluding agent commissions, rose 20 percent to 95.0 million dollars, which the company attributed to investments to streamline operations and severance.

Agents and brokers on the eXp Realty platform fell 5 percent to 82,704, and transactions fell 2 percent to 118,612, while sales volume rose 1 percent to 52.5 billion dollars. Cash fell to 94.6 million dollars after the company paid the first 17.0 million dollar installment of its 34.0 million dollar antitrust settlement over agent commissions. It returned 32.6 million dollars to shareholders through buybacks and dividends and declared a third-quarter dividend of 0.05 dollars per share.

Founder, Chairman and Chief Executive Glenn Sanford said that after guiding the company's international strategy he is turning his attention to SUCCESS Enterprises as publisher and managing director, with a goal of expanding the brand. eXp Realty Chief Executive Leo Pareja said programs such as its co-sponsor initiative are attracting productive agents and teams.