eXp World Holdings 2025 Revenue Rises 4% to $4.8B, Adjusted EBITDA $33.2M
eXp World Holdings posted 2025 revenue of $4.8 billion, up 4% year-over-year, with Q4 revenue of $1.2 billion and full-year net loss narrowing to $22.7 million. It generated full-year adjusted EBITDA of $33.2 million, repurchased $56.2 million in stock, and declared a $0.05 quarterly dividend.
1. Financial Results
In fiscal 2025 eXp World Holdings recorded revenue of $4.8 billion, a 4% increase from the prior year, with Q4 revenue reaching $1.2 billion. Full-year net loss narrowed to $22.7 million (-$0.14 per diluted share), while Q4 net loss was $12.9 million (-$0.08 per share), and total operating expenses declined to $355 million.
2. Operational Highlights
The global agent count rose to 83,060 with an agent Net Promoter Score of 75. Full-year real estate sales volume climbed 5% to $194 billion and Q4 volume grew 8% to $48.8 billion across 110,392 transactions. The company returned $87 million to shareholders, including $56.2 million in repurchases and $30.8 million in dividends.
3. 2026 Outlook
For Q1 2026, eXp expects revenue of $960 million–$980 million, operating expenses of $82 million–$86 million, and adjusted EBITDA of $2 million–$5 million. Full-year 2026 guidance projects revenue of $4.85 billion–$5.15 billion, operating expenses of $325 million–$345 million, and adjusted EBITDA of $50 million–$75 million.