NASDAQ$EXPI

eXp World Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

eXp World Holdings Inc reported Q2 2025 financial results showing modest revenue growth amid a challenging real estate market.

For the three months ended June 30, 2025, the company generated revenues of $1.31 billion, a 1% increase year-over-year, driven by higher home prices and international growth offsetting lower U.S. transaction volumes. The company posted a net loss of $2.3 million and Adjusted EBITDA of $11.2 million, reflecting higher agent commissions, personnel costs, and technology investments. Agent count stood at 82,704 with strong agent NPS of 77.

  • Revenues rose 1% to $1.31 billion as higher average home prices and international expansion offset a 1.7% decline in real estate transactions.
  • Net loss of $2.3 million and operating loss of $2.4 million resulted from elevated commissions, litigation-related costs, and increased operating expenses.
  • Agent count declined 5% to 82,704 while agent NPS remained strong at 77, underscoring focus on productive agents.
  • North American Realty Adjusted EBITDA fell 49% to $19.8 million due to higher agent costs and operating expenses despite flat revenues.

Headline financials

Total Revenue

$1.31B

Previous: $1.3B+1.1%
EPS (adj)

-$0.01

Previous: $0.08-112.5%
Agent Count

82.7K

No prior period
Agent NPS

77

No prior period
Transaction Sides

118.6K

No prior period
Transaction Volume

$52.5B

No prior period
Adjusted EBITDA

$11.2M

No prior period
Capital Expenditures

-$5.35M

Previous: -$2.77M-93.0%
Free Cash Flow

-$7.64M

Previous: $9.61M-179.5%
Net Income

-$2.29M

Previous: $12.4M-118.5%
Operating Income

-$2.38M

Previous: $18.5M-112.8%
Cash & Equivalents

$94.6M

Previous: $108M-12.8%

Revenue & EPS history

eXp World · Revenue · Quarterly

$1.31B

Q2 2025+1.1%vs Q2 2024
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

No explicit forward guidance provided in the filing.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+1.3%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+3.2%

Avg return

30 days after

43%

19 / 44 earnings

Positive

+42.1%

Q2 2021

Best reaction

-14.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-8.9%-28.0%-28.8%
Q4 2025-2.7%-7.9%-19.8%
Q3 2025+11.2%+11.3%+12.8%
Q1 2025-14.0%-9.8%+1.8%
Q4 2024-9.5%-7.8%-12.2%
Q3 2024-2.5%+1.1%-7.6%
Q2 2024-9.6%-10.8%-17.2%
Q1 2024+13.0%+20.2%+12.6%
Q4 2023-1.4%+11.0%-11.8%
Q3 2023+7.0%+2.2%-2.1%
Q2 2023+0.1%+2.2%-21.3%
Q1 2023+11.1%+13.2%+33.2%
Q4 2022-6.5%-2.0%-3.2%
Q3 2022-13.7%-15.6%-1.6%
Q2 2022-4.6%+7.2%-20.7%
Q1 2022+2.2%-8.2%-2.8%
Q4 2021+11.9%+12.5%-8.1%
Q3 2021-11.1%-12.3%-33.1%
Q2 2021+42.1%+52.9%+41.8%
Q1 2021-8.5%-13.0%+9.9%
Q4 2020+14.3%-32.7%-30.9%
Q3 2020-13.6%-7.7%+22.7%
Q2 2020+16.0%+28.4%+69.2%
Q1 2020+2.7%+1.5%+36.4%
Q4 2019+18.8%+10.6%-4.0%
Q3 2019+0.0%+4.6%+22.8%
Q2 2019-9.8%-6.1%-17.0%
Q1 2019-1.3%-4.9%+0.3%
Q4 2018+6.2%+5.1%-3.1%
Q3 2018-5.1%-0.8%-19.3%
Q2 2018-6.0%-6.9%+0.1%
Q4 2017+9.6%+16.5%+46.5%
Q1 2018+9.6%+16.5%+46.5%
Q3 2017+0.0%-1.7%+24.0%
Q2 2017+2.4%+3.2%-11.8%
Q1 2017+0.0%-1.4%-15.6%
Q4 2016-1.1%+0.8%-3.3%
Q3 2016-1.8%+3.7%+0.2%
Q2 2016-1.4%-3.4%+41.2%
Q1 2016+5.5%
Q4 2015+10.6%
Q3 2015-6.8%
Q2 2015+1.2%
Q4 2014+0.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro