eXp World Holdings Q1 revenue up 5% to $1.0 billion, EBITDA surges 88%
eXp World Holdings' Q1 2026 revenue rose 5% year-over-year to $1.0 billion while Adjusted EBITDA jumped 88% to $4.1 million on a 3% decrease in operating expenses. The acquisition of NextHome was completed with cash and zero debt, broadening the platform’s franchise model and global agent optionality.
1. Q1 2026 Financial Performance
eXp World Holdings reported Q1 revenue of $1.0 billion, up 5% from $954.9 million a year earlier, with net loss narrowing to $5.1 million (or $0.03 per share) versus $11.0 million. Operating expenses fell 3% to $84.1 million, driving an 88% increase in Adjusted EBITDA to $4.1 million.
2. NextHome Acquisition and Strategic Expansion
The company completed its acquisition of NextHome using cash on hand and zero debt, integrating a franchise model into its technology-driven platform. This multi-model approach aims to expand agent optionality and scale the global agent base, which rose 1% to 82,332 agents.
3. Guidance for Q2 and Full-Year 2026
For Q2 2026, revenue is guided to $1.36–$1.45 billion, operating expenses of $93–$97 million and Adjusted EBITDA of $16–$21 million. Full-year 2026 guidance projects revenue of $4.85–$5.15 billion, operating expenses of $325–$345 million and Adjusted EBITDA of $50–$75 million.