eXp World Holdings, Inc. reported a revenue increase of 4% for the fiscal year ending December 31, 2025, totaling $4.77 billion compared to $4.57 billion in 2024. The company's gross profit, however, decreased by 3% to $333.6 million, down from $342.4 million in the previous year. The operating loss widened to $21.5 million from a loss of $19 million in 2024, primarily due to increased legal expenses and higher operational costs associated with technology and employee-related expenses. The net loss for the year was $22.7 million, compared to a loss of $21.3 million in 2024.
The company experienced a slight increase in real estate sales transactions, which rose to 440,163 in 2025 from 434,165 in 2024. The real estate sales volume also increased by 5% to $194 million, driven by higher home sale prices in North America and growth in international markets. eXp's agent count remained relatively stable at approximately 83,060, reflecting a slight increase from 82,980 in 2024. The company continues to focus on enhancing its agent offerings, launching new divisions such as the Land and Ranch Division and the Sports and Entertainment Division, and expanding into new markets including Peru, Ecuador, and Japan.
In terms of operational metrics, eXp's agent Net Promoter Score (aNPS) remained stable at 75, indicating consistent agent satisfaction. The company also reported an increase in its cash and cash equivalents, totaling $124.2 million as of December 31, 2025, compared to $113.6 million in 2024. The company utilized its cash for operational expenses, including a $17 million payment related to an antitrust litigation settlement, and continued its stock repurchase program, buying back $56.2 million worth of shares during the year.
Looking ahead, eXp World Holdings anticipates continued growth despite challenges in the real estate market, including high interest rates and economic pressures that may affect transaction volumes. The company remains committed to investing in technology and expanding its service offerings to adapt to market changes. Management believes that its cloud-based operating model and low fixed costs position the company well for future growth, although it acknowledges the potential impact of ongoing legal proceedings and regulatory changes on its operations.
About EXP World Holdings, Inc.
eXp World Holdings, Inc. is a global cloud-based real estate brokerage that owns and operates multiple service segments, primarily focusing on residential and commercial real estate transactions. It offers innovative, technology-driven platforms, agent incentive programs, and media services to attract and support independent agents and brokers worldwide. The company emphasizes virtual collaboration, professional development, and sustainability to enhance agent success and competitive advantage.
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