eXp World Holdings Reports 1% Revenue Increase to $954.9 Million in Q1 2025

eXp World Holdings, Inc. reported a modest increase in revenue for the first quarter of 2025, generating $954.9 million compared to $943.1 million in the same period last year, marking a 1% rise. The company’s operating loss improved significantly to $10.4 million from $18.2 million in the prior year, largely due to a reduction in litigation contingency expenses, which were $16 million in the first quarter of 2024. The net loss from continuing operations was $11.0 million, a 20% improvement from the $13.8 million loss reported in the previous year.

The company experienced a 2% increase in commissions and other agent-related costs, totaling $878.8 million, driven by higher sales commissions and a decrease in agent fees due to a lower number of agents. General and administrative expenses rose by 7% to $66.9 million, attributed to increased employee-related costs and litigation expenses. Technology and development expenses also increased by 14% to $16.8 million, reflecting the company's ongoing investment in agent support technology.

eXp's agent count decreased by 5% year-over-year to 81,904, while real estate sales transactions fell by 2% to 89,643. However, the total real estate sales volume increased by 4% to $38.6 billion, driven by rising home prices. The company’s international operations saw a significant revenue increase of 103%, reaching $31.7 million, as agent productivity improved in previously launched markets. The North American Realty segment, however, saw a slight revenue decline of 0.4% to $923.0 million.

Looking ahead, eXp World Holdings remains focused on expanding its market presence and enhancing its technology platform to support agents. The company is optimistic about its growth strategy, which includes increasing its independent agent network and leveraging its cloud-based operations to improve efficiency. Despite the challenges posed by macroeconomic conditions, including high mortgage rates and inflation, eXp believes it is well-positioned to strengthen its competitive position in the long term. The company also declared a quarterly dividend of $0.05 per share, reflecting its commitment to returning value to shareholders.