eXp World Holdings Reports Strong Q3 2025 Results: A Testament to Agent-Centric Growth

In a notable display of resilience, eXp World Holdings reported a 7% increase in revenue, totaling $1.3 billion for Q3 2025. This growth reflects the effectiveness of the company’s agent-first model, which has attracted a substantial number of agents and enhanced their productivity and retention.

The company reported a net income of $3.5 million, translating to a net income per diluted share of $0.02. While total operating expenses rose to $1.3 billion, largely due to strategic investments aimed at streamlining operations, adjusted operating costs (a non-GAAP financial measure) increased by only 5% to $82.2 million. This careful management of costs demonstrates eXp's commitment to maintaining profitability while investing in future growth.

eXp World Holdings showcased a robust cash position with cash and cash equivalents of $112.8 million as of September 30, 2025. The company generated $28.9 million from operating activities, with an adjusted operating cash flow of $45.4 million.

Moreover, eXp rewarded its shareholders by distributing $24.1 million, which included $16.4 million in common stock repurchases and $7.7 million in cash dividends. The Board of Directors declared a cash dividend of $0.05 per share for Q4 2025, scheduled for payment on December 1, reflecting ongoing commitment to shareholder value.

eXp Realty experienced a slight decline in the number of agents, with total agents and brokers decreasing 2% to 83,446 as of September 30, 2025. However, the company maintained a strong global agent Net Promoter Score (aNPS) of 75, indicating a solid level of agent satisfaction, albeit down from 76 in the prior-year period.

Despite the decrease in agent numbers, real estate sales transactions rose by 3%, reaching 121,516, while the sales volume increased by 7% to $54.1 billion. These metrics suggest that even with a slight contraction in agent count, eXp's agents are achieving higher productivity.

Glenn Sanford, the Founder and CEO of eXp World Holdings, emphasized the company’s commitment to innovation and technological advancement. "eXp continues to solidify its position as *the platform for the future of real estate*,” he stated, highlighting the necessity for flexibility and support for agents as the industry evolves.

The integration of advanced technologies, particularly artificial intelligence, is central to eXp’s strategy, designed to enhance operational efficiency and differentiate its offerings in a competitive market.

To discuss these results in greater detail, eXp World Holdings will host a virtual fireside chat on November 6, 2025, at 2 p.m. PT / 5 p.m. ET. The chat will feature key executives, including Glenn Sanford and eXp Realty CEO Leo Pareja, who will address investor questions and delve deeper into the company’s performance and strategies for the future. Interested parties can join the conversation via the company's dedicated investor web portal.

eXp World Holdings' Q3 2025 results reflect a well-managed company that continues to thrive in the rapidly changing real estate environment. With a focus on agent satisfaction, innovative technology, and a commitment to shareholder value, eXp is poised for continued growth as it navigates the complexities of the global real estate market. As the company looks ahead, its ability to adapt and innovate will be critical to its ongoing success.