eXp World Holdings (EXPI) Announces Q3 2025 Earnings Results

eXp World Holdings, Inc. (EXPI) today announced its financial results for the most recent quarter, revealing a diluted earnings per share (EPS) of $0.00, which fell short of analysts’ expectations by $0.045. The company’s performance highlights a significant miss compared to the estimated EPS of $0.045. As eXp continues to navigate the competitive landscape, investors will be keen to understand the factors contributing to this underperformance.

Key Highlights:

• eXp World Holdings reported a 7% increase in revenue to $1.3 billion for Q3 2025.
• Net income for the quarter was $3.5 million, with earnings per diluted share of $0.02.
• Total operating expenses rose to $1.3 billion, with adjusted operating costs increasing by 5% due to strategic investments.
• Adjusted EBITDA for the quarter was $17.7 million.
• The company distributed $24.1 million to shareholders, including $16.4 million in stock repurchases and $7.7 million in cash dividends.
• eXp Realty’s global agent Net Promoter Score (aNPS) was 75, indicating strong agent satisfaction.
• The number of agents and brokers on the eXp Realty platform decreased by 2% to 83,446, while real estate sales transactions increased by 3%.

In the third quarter of 2025, eXp World Holdings demonstrated solid financial performance, with CEO Leo Pareja highlighting the strength of the company’s model and the effectiveness of its agent-first culture. He stated, “Continued momentum in agent growth, productivity and retention are driving higher revenue, profitability and overall performance.” The company is focused on delivering greater value to its agents, which is seen as essential for the overall success of eXp. Founder Glenn Sanford emphasized eXp’s position as “the platform for the future of real estate,” noting the importance of flexibility and resources for agents in a rapidly evolving industry.

The financial results reflect eXp’s commitment to innovation and technology, particularly in leveraging AI to enhance operational efficiency. The company is also focused on expanding its international operations and enhancing the SUCCESS® brand, which provides agents with valuable resources for personal and professional growth. The management’s outlook remains optimistic, with plans to continue driving agent growth and improving overall performance despite the challenges in the real estate market.

eXp World Holdings, Inc. (EXPI) has experienced a tumultuous ride in the stock market, with its price reflecting a significant decline of 31.18% over the past year. Recently, the stock has seen a downward trend, dropping 3.58% in the last week and 10.27% over the past month, raising concerns among investors about its short-term viability. Despite a modest increase of 13.13% over the past six months, the overall trajectory suggests a struggle to maintain momentum. The company’s fundamentals paint a challenging picture, with a negative price-to-earnings ratio of -34.27 and a net profit margin of -0.72%, indicating ongoing profitability issues. Additionally, the free cash flow has seen a troubling decline, with a two-year compound annual growth rate (CAGR) of -18.84%. While revenue has shown a slight growth of 3.89% over the same period, the return on invested capital remains negative at -9.73%, further complicating the outlook for EXPI. Investors will be keenly watching how the company navigates these challenges in the coming quarters.

eXp World Holdings, Inc., together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers. It is also involved in building 3D virtual worlds for work, education, and events; and focused on agent website and consumer real estate portal technology. In addition, the company operates SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, podcasts, digital training courses, and affiliated social media accounts across platforms. Further, it provides marketing, training, and other support services to its brokers and agents through proprietary technology enabled services, as well as technology and support services contracted to third parties. eXp World Holdings, Inc. operates in the United States, Canada, the United Kingdom, Australia, South Africa, India, Portugal, France, Mexico, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, and Germany. The company was formerly known as eXp Realty International Corporation and changed its name to eXp World Holdings, Inc. in May 2016. eXp World Holdings, Inc. was incorporated in 2008 and is based in Bellingham, Washington.