eXp World Holdings (Nasdaq: EXPI), the parent company of eXp Realty, announced financial results for the first quarter ended March 31, 2025.
“We’re entering 2025 from a position of strength. eXp has built one of the most comprehensive, tech-enabled agent value stack in the industry – one that’s driving record International agent productivity and empowering entrepreneurs at scale,”
said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings.
“This quarter alone, we more than doubled our international revenue year-over-year and expanded our footprint into Perú and Türkiye, further proving that our agent-first model transcends borders. Agent success has always been the foundation of eXp’s strategy – and in 2025, we plan to double down with enhanced tech, smarter training, and even more pathways to help agents close more deals, build generational wealth, and create the freedom they deserve.”
First Quarter 2025 Consolidated Financial Highlights as Compared to the Same Year-Ago Period:
Revenue increased 1% to $954.9 million.
Net loss of $(11.0) million and loss per diluted share of $(0.07).
Adjusted EBITDA (a non-GAAP financial measure) of $2.2 million.
As of March 31, 2025, cash and cash equivalents totaled $115.7 million, compared to $109.2 million as of March 31, 2024.
Net cash provided by operating activities of $39.8 million
Adjusted