eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, announced financial results for the second quarter ended June 30, 2025.
“eXp was built by agents, for agents and that foundation continues to fuel our momentum,”
said Leo Pareja, CEO of eXp Realty.
“Our continued investments in the agent value stack and ongoing programs like the co-sponsor initiative are resonating with the best agents and teams in the industry. By putting innovation and agent opportunity at the core of everything we do, we’re not only attracting the most productive agents in the industry, we’re shaping a more transparent, competitive, and agent-empowered future for real estate.”
Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings added:
“eXp continues to demonstrate remarkable resilience in a dynamic real estate environment, underpinned by our agent-first model and commitment to innovation.”
Second Quarter 2025 Consolidated Financial Highlights as Compared to the Same Year-Ago Period:
Revenue increased 1% to $1.3 billion.
Net loss of $(2.3) million and net loss per diluted share of $(0.01).
Total operating expenses increased to $1.31 billion from $1.28 billion. Excluding commissions and other agent-related costs, adjusted operating costs were $95.0 million, a 20% increase compared to the second quarter of 2024. This