eXp World Q4 Revenue Climbs 8.5% to $1.19B, EPS Misses
eXp World reported Q4 CY2025 revenue of $1.19 billion, an 8.5% year-on-year increase and 2.6% beat of estimates, while GAAP loss widened to $0.08 per share versus a $0.02 expected loss. Adjusted EBITDA of $2.1 million fell 79.4% short of forecasts, and operating margin remained at –1.1%.
1. Q4 Revenue and Sales Beat Expectations
eXp World posted Q4 CY2025 revenue of $1.19 billion, up 8.5% year-on-year and above the $1.16 billion consensus by 2.6%. This represented a slowdown from its five-year 21.6% CAGR but remained ahead of its 5.7% two-year annualized growth rate.
2. Profitability Metrics Overshoot and Margin Trends
The company reported a GAAP loss of $0.08 per share, missing the $0.02 loss estimate, and adjusted EBITDA of $2.1 million, falling 79.4% below the $10.2 million forecast. Operating margin stayed negative at –1.1%, while free cash flow margin held at 1.2%, reflecting ongoing expense challenges.
3. Analyst Outlook and Stock Reaction
Shares dipped 1.9% following the report as analysts project 4.4% revenue growth over the next 12 months and a flip from a full-year loss of $0.14 to a $0.12 profit. The mixed revenue beat and profitability misses have spotlighted cost-structure efficiency and future earnings momentum.