eXp World Holdings Reports Revenue Increased 7% in Q3

eXp World Holdings, Inc. (Nasdaq: EXPI), or the “Company”, the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, today announced financial results for the third quarter ended September 30, 2025.

“Our third quarter results underscore the strength of eXp’s model and the power of our agents,”

said Leo Pareja, CEO of eXp Realty.

“Continued momentum in agent growth, productivity and retention are driving higher revenue, profitability and overall performance. Our agent-first culture, combined with ongoing innovation across the eXp platform, continues to attract and empower top agents and teams around the world. As we scale, our focus remains on delivering even greater value to our agents — because when they thrive, eXp thrives.”

Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings, shared:

“eXp continues to solidify its position as the platform for the future of real estate. 

“Now more than ever, eXp is the place for agents to be as the industry evolves globally and agents seek a platform that provides not just flexibility, but the resources to thrive — from SUCCESS® coaching and elite training programs to mentorship, community, and a compelling value stack that supports both business and personal growth. Our third quarter results are a reflection of eXp’s continued focus on innovation and our ability to leverage technology, with a focus on AI, to enhance speed, agility, and differentiation in a rapidly changing real estate landscape.”

Third Quarter 2025 Consolidated Financial Highlights as Compared to the Same Year-Ago Period:

• Revenue increased 7% to $1.3 billion.
• Net income of $3.5 million and net income per diluted share of $0.02.
• Total operating expenses increased to $1.3 billion from $1.2 billion. Excluding commissions and other agent-related costs and litigation contingency, adjusted operating costs (a non-GAAP financial measure) were $82.2 million, a 5% increase compared to the third quarter of 2024. This increase was driven by strategic investments to streamline operations.
• Adjusted EBITDA (a non-GAAP financial measure) of $17.7 million.
• As of September 30, 2025, cash and cash equivalents totaled $112.8 million.
• Net cash provided by operating activities of $28.9 million.
• Adjusted operating cash flow (a non-GAAP financial measure) of $45.4 million.
• Distributed $24.1 million to shareholders, including $16.4 million of common stock repurchases and $7.7 million of cash dividends.
• The Company paid a cash dividend for the third quarter of 2025 of $0.05 per share of common stock on August 29, 2025. On October 25, 2025, the Company’s Board of Directors declared a cash dividend of $0.05 per share of common stock for the fourth quarter of 2025, expected to be paid on December 1, 2025 to stockholders of record on November 17, 2025.

Third Quarter 2025 Operational Highlights as Compared to the Same Year-Ago Period:

• eXp ended the third quarter of 2025 with a global agent Net Promoter Score (“aNPS”) of 75, down from 76 in the prior-year period. aNPS is a measure of agent satisfaction and an important key performance indicator given the Company’s intense focus on improving the agent experience.
• Agents and brokers on the eXp Realty platform decreased (2)% to 83,446 as of September 30, 2025.
• Real estate sales transactions increased 3% to 121,516 in the third quarter of 2025.
• Real estate sales volume increased 7% to $54.1 billion in the third quarter of 2025.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) (the “Company”) is the holding company for eXp Realty^® and SUCCESS^® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 83,000 agents across 28 countries. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses.  For more information about eXp World Holdings, Inc., visit: expworldholdings.com

SUCCESS^® Enterprises, anchored by SUCCESS^® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit success.com.