eXp boosts 2026 revenue guidance to $3.12B after 18% Q4 sales rise
eXp reported Q4 revenue of $731.6M, up 18% year-on-year, as international subscription revenue surged 46% to $150M on a 12% increase in global agents. Adjusted EBITDA reached $11.2M, and full-year 2026 revenue guidance was raised to $3.12B–$3.22B.
1. Q4 2025 Financial Results
eXp delivered Q4 revenue of $731.6 million, an 18% increase versus Q4 2024, and reported adjusted EBITDA of $11.2 million. The company posted a net loss of $0.08 per share, reflecting ongoing investment in technology and agent support programs.
2. International Expansion
International subscription revenue climbed 46% to $150 million, fueled by a 12% rise in non-U.S. agent count following new market entries in Latin America and Europe. Recent M&A activity in Canada added 5,000 agents and is expected to contribute approximately $20 million in annualized revenue.
3. Guidance and Outlook
eXp raised full-year 2026 revenue guidance to a range of $3.12 billion–$3.22 billion, up from prior forecasts of $3.00 billion–$3.10 billion. Management highlighted ongoing platform enhancements and partnerships in Asia as key drivers for continued margin expansion and agent recruitment growth.