eXp World Holdings International Revenue Climbs 27% to $40.2M, Agents Top 82,000
eXp World Holdings reported international revenue rose 27% year-over-year to $40.2 million and total agents increased to over 82,000, driving a 5% revenue increase despite challenging macro conditions. The newly acquired NextHome franchise, with 500 franchisees and 4,900 agents, adds scalable franchise revenue though operating loss narrowed to $8.8 million.
1. Q1 Financial Performance
eXp World Holdings delivered a 5% year-over-year revenue increase for Q1 2026, driven by higher transaction volumes and international sales. Operating loss improved by 15% to $8.8 million, supported by cost-saving initiatives implemented in 2025 and a 2% rise in real estate transactions.
2. International Growth Drivers
International revenue surged 27% to $40.2 million, underpinned by expansion in key markets and a growing base of overseas agents. This segment’s performance outpaced domestic gains and helped the company exceed the high end of its guidance range for the quarter.
3. NextHome Acquisition Impact
The acquisition of NextHome adds over 500 franchise locations and approximately 4,900 agents to eXp’s network, introducing a predictable, multi-year recurring revenue stream. Management highlighted higher gross margins from NextHome’s asset-light model, offering a complementary growth engine to the core cloud brokerage.
4. Outlook and Guidance
Full-year guidance was reiterated due to limited visibility into macroeconomic conditions and second-half performance. Integration of NextHome is expected to contribute modestly in the near term, while continued cost efficiency measures aim to further reduce operating losses.