eXp World Holdings, Inc. reported its financial results for the first quarter of 2026, revealing a revenue increase of 5% to $1.01 billion, compared to $954.9 million in the same period of 2025. The company's net loss narrowed to $5.1 million, or $0.03 per share, from a loss of $11 million, or $0.07 per share, in the prior year. The improvement in net income was attributed to a reduction in operating losses, which decreased from $10.4 million to $8.8 million, reflecting cost-cutting measures implemented in late 2025.
The company experienced a 6% rise in commissions and other agent-related costs, totaling $930.2 million, driven by increased sales commissions and productivity awards. Despite the rise in costs, eXp's gross profit slightly declined to $75.3 million from $76.1 million year-over-year. The decrease in gross profit was primarily due to higher agent commissions and related costs, which were influenced by the company's commission capping structure and a reduced number of agents.
Operationally, eXp reported an increase in its agent count to 82,332, up from 81,904 a year earlier, and a 2.2% rise in real estate sales transactions, totaling 91,598. The company also noted a 5.5% increase in real estate sales volume, reaching approximately $40.7 billion. The growth in transactions and volume was attributed to improved agent productivity and rising home sale prices in North America. However, the company's agent net promoter score (aNPS) fell to 67 from 78, indicating a decline in agent satisfaction.
In terms of strategic developments, eXp completed the acquisition of NextHome, Inc. on May 6, 2026, marking its entry into the franchised real estate brokerage model. This acquisition is expected to broaden the company's service offerings and enhance its market presence. The company also declared a quarterly dividend of $0.05 per share, which is set to be paid on June 5, 2026. Looking ahead, eXp remains focused on leveraging its cloud-based technology platform to support agent productivity and adapt to market conditions, while also navigating ongoing legal challenges related to antitrust litigation.
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.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.